China’s role in the world economy was discussed by senior business and policy figures today (11 Sep) during an Asia House roundtable, convened in partnership with CKGSB.
Former UK Foreign Secretary Lord Hague of Richmond was joined by Dr Xiang Bing, Founding Dean and Professor of China Business and Globalization, CKGSB, and Taimur Baig, Managing Director and Chief Economist Group Research, DBS Bank, to explore the fractures emerging in the global trade system amid US-China tensions and growing scepticism towards globalisation.
In his opening remarks, Lord Hague outlined the varying priorities of policymakers and business leaders when it comes to engagement with China, and gave an assessment of how he sees global relations with Beijing developing.
The imbalance in global development models was raised by Dr Xiang, who also discussed the need for countries to find common ground in pursuit of prosperity, while Baig struck a pragmatic tone, highlighting the strength and importance of economic ties between China and global markets.
Senior business leaders joined the off-the-record discussion from around the world, with Asia House Corporate Members putting a range of questions to the panel.
Issues raised included reform of the World Trade Organization; the reshaping of global supply chains; and international cooperation on climate change. The positions taken by businesses in an increasingly polarised environment, and the nature of bilateral relationships with China behind the rhetoric, were also explored.
The roundtable, moderated by Asia House Chief Executive Michael Lawrence, was convened in partnership with CKGSB.
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