Friday, 9 February 2018
Hon Sui Sen Memorial Auditorium, Singapore
The China economy has entered a new era, facing both challenges and opportunities. China can still benefit from its enormous potential in economic growth gaining additional traction from various areas including institutional transition, factor market liberalization, large population and rising domestic demand and the increasing innovative young generation.
It however has to take the change from the rising cost for reform pollution, underdeveloped social security system corporate and government debt overhang, inefficient financial market, government bureaucracy as well as trade and geopolitical frictions. Government has to prioritize its efforts to keep relatively robust economic growth so that is can focus more on imperative reform programs ,such as social security system ,financial market , labour market ,land market and SOE reform, and the transformation of its administrative system. Among these reform programs, priority should be given to financial market reform.
The talk thus focus on China‘s economic growth outlook and its financial market development.