In our fifth conversation of this series, stars Switzerland Alumni Chapter President and stars Foundation Board Member Markus HERRMANN, Managing Director at China Macro Group (CMG), will be talking to Professor HUANG Yiping, Deputy Dean and Sinar Mas Chair Professor of Finance and Economics, National School of Development, Peking University, Beijing.
After four decades of breakneck economic growth and after officially achieving the first centennial goal of building a “moderately prosperous society”, the 14th Five-Year-Plan – endorsed in March 2021 – marks a pivot of China’s economic policy from prioritizing fast and quantitative growth towards pursuing “high-quality development” – with many variables that need to be optimized in parallel, ranging from social, health, youth and demographic policy objectives to environmental protection or “orderly capital deployment”. So: How to grow the economy while increasing equality and without stifling entrepreneurship? How to unlock value from China’s digital economy while stepping up governance of data and the internet economy? Or more fundamentally, how to effectively balance the role of the government (“visible hand”) and the role of market (“invisible hand”) to achieve “high-quality development”, as Xi Jinping already mused in his speech at a Politburo study session in May 2014?
Kindly note: All webinars of this series are held under Chatham House Rules and will not be recorded.
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About the speaker:
Prof. HUANG is Sinar Mas Chair Professor of Finance and Economics, Deputy Dean of the National School of Development, and Director of the Institute of Digital Finance, the Peking University. Currently, he is also Deputy Secretary-General of the China Society of Finance and Banking, Chairman of the Special Committee on Fintech Development and Research of the National Internet Finance Association of China, Chairman of the Academic Committee of the China Finance 40 Forum, a member of the Chinese Economists 50 Forum, Editor of China Economic Journal, an Associate Editor of Asian Economic Policy Review, an independent director of the Ant Group and the China Life Insurance.
Previously, he served as a member of the Monetary Policy Committee at the People’s Bank of China between 2015 and 2018. He was also a policy analyst at the Research Center for Rural Development of the State Council. His key research interests are macroeconomic and financial policy.