China’s role in the global economic recovery from the coronavirus crisis was central to a discussion with Zhu Guangyao, former Chinese Vice Minister of Finance, when he briefed Asia House Corporate Members today (7 May).
Zhu shared insights from Beijing on how policymakers are responding to the challenges facing China’s economy, and offered his thoughts on the wider impact of the virus on global governance, supply chains and multilateralism.
Members of Asia House’s global network joined the discussion from around the world, with a wide range of issued being raised.
With the National People’s Congress approaching, Zhu took questions on the potential upcoming policy measures to stimulate China’s economy, including the prospect of further opening up of the country’s finance sector to stimulate FDI. Other questions concerned the role of the G20, and the prospects for RCEP amid fears of rising protectionism in the global economy.
The state of China’s relations with the US, the UK and Southeast Asia were also discussed, as was the ongoing importance of the digital economy and sustainability.
Moderated by Asia House Chief Executive Michael Lawrence, the digital briefing provided Corporate Members with an insightful overview of China’s priorities as it seeks to build back from the coronavirus crisis.
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