China and the global economy: A conversation with Yi Gang and Ben Bernanke
China’s influence in the global economy continues to grow, drawing the attention—and concern—of investors and officials worldwide. As the country’s economic model undergoes a massive shift away from manufacturing and exports to domestic consumption and services, can growth sustain a healthy pace? More specifically, are the fiscal, monetary, and exchange-rate policies that China is pursuing likely to lead to success?
On April 14, the John L. Thornton China Center and the Hutchins Center on Fiscal and Monetary Policy at Brookings hosted a discussion examining challenges and opportunities facing the Chinese economy, as well as the financial and economic links between China and the world. Brookings experts David Dollar and Eswar Prasad joined Gao Xiqing, the former president of China’s sovereign wealth fund, for a conversation moderated by Lingling Wei of The Wall Street Journal. They will discuss the past, present, and future of the Chinese economy. Then, Yi Gang, the deputy governor of the People’s Bank of China, will sit down with Ben Bernanke, the former chairman of the Federal Reserve and now a distinguished fellow at Brookings, for a conversation moderated by David Wessel.
China Correspondent - The Wall Street Journal
Former Vice Chairman, President, and Chief - Investment Officer
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The U.S. still has some leverage over China, because China clearly wants a deal. ... U.S. financial markets also seem to have been boosted by the prospects of a U.S.-China trade deal, so I think it could have a negative effect on both financial markets and economic activity in both countries if a deal is not struck