2023 Wilbur K. Woo Greater China Business Series - Lecture by Chris Tang (UCLA Anderson Center for Global Management)
February 7, 2023
5:00 - 5:45 p.m.
February 8, 2023
9:00- 9:45 a.m.
China Standard Time*
*Timings are approximate.
What does China's economic future hold? Will the Chinese economy make a significant turnaround in 2023, rebound and resume its economic engine? Whether it does is of great significance to the world. Please join Professor Chris Tang, faculty director of UCLA Anderson's Center for Global Management to discuss these issues and trends, and the potential long-term consequences for the domestic and global economies. He will also share his thoughts on China's reopening and its role in global trade.
After three years of isolation, China is experiencing slow economic growth that has not been seen in 40 years, and a decline in population that has not been seen in decades. The sudden change of zero-COVID policy and subsequent reopening has also brought anxiety and relief. China is experiencing a debt mountain, the first decline in property investment in 20 years, a reluctance of private enterprises to invest, ad increasingly low return on investment from infrastructure spending, and the consequences of decoupling. China's previous great reopening, after the isolation of the Mao years, led to an explosion of prosperity as goods, people, investment, and ideas surged across its border in both directions. Hopefully, China's reopening will ultimately succeed but exactly how open the new China will be remains to be seen. Please join us for a thoughtful and balanced discussion.
With thanks to our supporting organizations: UCLA Anderson's Greater China Business Association, UCLA's Chinese Students and Scholars Association, the UCLA Asia Pacific Center, and Cathay Bank.
The Wilbur K. Woo Greater China Business Series engages leading executives, innovators, influencers, investors, and academics in conversations around the major forces, trends, and innovations in the region across society, enterprises, and consumers. Through balanced discourse, the series serves as a neutral forum to exchange ideas and learnings, understand new norms and models, and provide forward-looking perspectives on advancements to better understand the trends, opportunities, and challenges of doing business in and with the Greater China region.
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