Rethinking China – China’s Financial Funhouse: How Close to Collapse?

A conversation with Arthur Kroeber and Zhang Lanlan

Over the last decade, China has deregulated its financial system at breakneck speed, and debt has more than quadrupled. Banks and a host of non-bank financiers have created dozens of new investment products, catering to savers’ demands for higher returns than they can get on bank deposits. Borrowing by local governments, real estate companies and speculators has soared. Many observers worry that China is heading for a financial crisis, and in March Chinese regulators began to worry too, launching a fierce crackdown on shadow lending and risky financial practices.

Does China’s financial system really risk a breakdown, or is it simply going through growing pains as it tries to adapt to the more complex financial needs of an increasingly consumer-driven economy? Arthur R. Kroeber, founder of the China-focused Gavekal Dragonomics research service, and editor of China Economic Quarterly, will discuss his latest report on China’s financial system in conversation with Zhang Lanlan, President of CICC NY. Dorinda Elliott, director of the Center for Business, will moderate the conversation.

Please register at: https://www.chinainstitute.org/event/chinas-financial-funhouse/











When: Thu., Oct. 19, 2017 at 6:00 pm - 8:00 pm
Where: China Institute
100 Washington St.
212-744-8181
Price: $10 Members, $20 Non-members, $5 Students
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A conversation with Arthur Kroeber and Zhang Lanlan

Over the last decade, China has deregulated its financial system at breakneck speed, and debt has more than quadrupled. Banks and a host of non-bank financiers have created dozens of new investment products, catering to savers’ demands for higher returns than they can get on bank deposits. Borrowing by local governments, real estate companies and speculators has soared. Many observers worry that China is heading for a financial crisis, and in March Chinese regulators began to worry too, launching a fierce crackdown on shadow lending and risky financial practices.

Does China’s financial system really risk a breakdown, or is it simply going through growing pains as it tries to adapt to the more complex financial needs of an increasingly consumer-driven economy? Arthur R. Kroeber, founder of the China-focused Gavekal Dragonomics research service, and editor of China Economic Quarterly, will discuss his latest report on China’s financial system in conversation with Zhang Lanlan, President of CICC NY. Dorinda Elliott, director of the Center for Business, will moderate the conversation.

Please register at: https://www.chinainstitute.org/event/chinas-financial-funhouse/

Buy tickets/get more info now