Dr Keyu Jin, a Lecturer in the Department of Economics at the London School of Economics and Political Science (LSE), and an advisor to the Chinese Government’s National Development and Reform Commission (NRDC) in Beijing, delivered a public lecture at the LSE to discuss the impact of China’s financial reforms.
Keyu raises some concerns that face the Chinese economy and feature strongly in the media, namely that there are signs of banking fragility, industrial production is slowly down, debt levels are rising, and property markets are adjusting downwardly. She also argues that we can’t ignore the massive capital outflows, potential loss of reserves, a major potential devaluation of the renminbi, and anaemic growth.
However, she fears that the economic data presented may be unreliable, suggesting that the situation may be even worse than it is. In her talk, Keyu aims to highlight the fundamental challenges facing the Chinese economy; the issues mentioned above may simply be symptoms are a more deep rooted problem. What will the next wave of economic reforms offer? Are there critical reforms that can maintain growth rates? Watch the video above for her insights.
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