Along with the US-China trade war, China’s slowdown is one of two main concerns for global growth in 2019.
Recent talks between Beijing and Washington failed to make any significant progress on all points of disagreement. If no deal is reached by 1 March, tariffs on $200bn of Chinese imports are expected to increase from 10 per cent to 25 per cent, which could rattle financial markets and exacerbate fears of a global economic slowdown.
Beijing has announced the lowest rate of GDP growth since 1990 for 2018, instilling fears that decades of breath-taking expansion is beginning to falter in the face of a US trade war. Cross-border spillovers from China’s slowing economy are sending shock waves around the world, with Asia’s emerging economies to be among the hardest hit.
Professor Danny Quah, Dean and Li Ka Shing Professor in Economics at Lee Kuan Yew School of Public Policy, will share his insights on what lies behind China’s slowdown and what the implications are for the global economy.
Mr Quah regularly speaks publicly on global power shifts and the rise of the east, alternative models of global power relations, income inequality and international economic relations. He was previously Assistant Professor of Economics at MIT, then Professor of Economics and International Development, and Director of the Saw Swee Hock Southeast Asia Centre at LSE. He served as LSE’s Head of Department for Economics, and Council Member on Malaysia’s National Economic Advisory Council.
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