Asia Institute Tasmania

Public Lecture | China’s financial markets – a peek beneath the surface

Summary

Professor Christine Wong, Director, Centre for Contemporary Chinese Studies, University of Melbourne

Start Date

25th Feb 2016 6:00pm

End Date

25th Feb 2016 7:00pm

Venue

Centenary Lecture Theatre, Sandy Bay

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Professor Christine Wong

China's stock market correction and currency devaluations in June-August last year rattled global markets, and this jitteriness has continued into 2016. Chinese leaders from President Xi Jinping on down have continued to insist that China's growth slowdown is normal and expected, as China has reached middle income and is rebalancing from an investment-led economy to one based more on innovation on the supply side and consumption on the demand side. The 13th Five Year Plan, approved in 2015 to cover the second half of this decade, set a five-year economic growth target at 6.5%. Newspaper headlines around the world, though, reflect widespread scepticism to these pronouncements, with many analysts and investors fearing that the slowdown in China will be sharp and prolonged, with implications for the rest of the world.
Christine Wong will discuss the recent developments in the Chinese economy, and draw on her study of China's fiscal federalism and governance structure to present a stark picture of the difficulties faced by the government in steering a safe passage through the current difficulties.

Christine Wong is Professor of Chinese Studies and Director of the Centre for Contemporary Chinese Studies at the University of Melbourne.  Prior to joining Melbourne, she was Professor and Director of Chinese Studies at the University of Oxford, where she was a Fellow at Lady Margaret Hall.   She has also held the Henry M. Jackson Professorship in International Studies at the University of Washington, and taught economics at the University of California, Santa Cruz; University of California, Berkeley; and Mount Holyoke College.

Christine has also held senior staff positions in the World Bank and the Asian Development Bank, and worked extensively with other international agencies including the IMF, OECD, UNDP, UNICEF, and the UK Department for International Development.  She is a member of the OECD Advisory Panel on Budgeting and Public Expenditures.

Christine has published widely on China's public finance, central-local relations and their implications for governance, economic development and welfare.  Her recent research is focused on urbanization and government financial management.

Refreshments from 5.30pm.


 
Christine Wong Poster (PDF 180KB)


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