China’s low household consumption is frequently cited as a defining imbalance in its economy and evidence that its investment- and production-led growth model has reached its limits. But how large is that imbalance in reality? Has China already made more progress toward consumption-led growth than commonly recognized? And does sustainable rebalancing require a fundamental redistribution of resources toward households—or can continued investment, manufacturing, technological upgrading, and productivity growth remain viable engines of the Chinese economy?
In this debate presented by Asia Society Policy Institute’s Center for China Analysis (CCA), Lizzi C. Lee, Fellow on Chinese Economy at CCA, will moderate a discussion between Nicholas R. Lardy, Nonresident Senior Fellow at the Peterson Institute for International Economics, and Daniel H. Rosen, Partner and Co-Founder of Rhodium Group. Together, they will examine the evidence behind one of the most consequential debates about China’s economic future: how much China really needs to consume, how much rebalancing has already taken place, and where the limits of its current growth model ultimately lie.
Jing Qian, Vice President, Co-Founder, and Managing Director for CCA, will deliver welcome remarks.
Does China Really Need to Consume More? A Debate with Nicholas Lardy and Daniel Rosen
Host
Wed, Sep 30, 09:00 AM - 10:00 AM (EDT)
To be shared on approval (New York)
20 attendees
China’s low household consumption is frequently cited as a defining imbalance in its economy and evidence that its investment- and production-led growth model has reached its limits. But how large is that imbalance in reality? Has China already made more progress toward consumption-led growth than commonly recognized? And does sustainable rebalancing require a fundamental redistribution of resources toward households—or can continued investment, manufacturing, technological upgrading, and productivity growth remain viable engines of the Chinese economy?
In this debate presented by Asia Society Policy Institute’s Center for China Analysis (CCA), Lizzi C. Lee, Fellow on Chinese Economy at CCA, will moderate a discussion between Nicholas R. Lardy, Nonresident Senior Fellow at the Peterson Institute for International Economics, and Daniel H. Rosen, Partner and Co-Founder of Rhodium Group. Together, they will examine the evidence behind one of the most consequential debates about China’s economic future: how much China really needs to consume, how much rebalancing has already taken place, and where the limits of its current growth model ultimately lie.
Jing Qian, Vice President, Co-Founder, and Managing Director for CCA, will deliver welcome remarks.