FCCC IN-person Event: Chinese Economy Policy in 2023 by Barry Naughton

The Chinese economic policymaking process has finally emerged in the last couple of months. While policymaking is more coherent and better coordinated, it still seems torn between conflicting objectives. In particular, policymakers are no longer focused on economic growth.  Rather, the drive to build industrial resilience in the face of American technology challenges has led them to emphasize the creation of a ‘Modernized Industrial System.’  This emphasis—along with the on-going housing recession and potential financial risks—is likely to weigh on Chinese growth prospects for the foreseeable future.

About our speaker: Barry Naughton is one of the world’s leading experts on the Chinese economy. He specializes in China’s transitional economic policy-making, with an emphasis on issues relating to industry, trade and finance. His authoritative textbook “The Chinese Economy: Transitions and Growth”, has been for years a reference for students at universities around the world, including China. Naughton is the So Kwan Lok Chair of Chinese International Affairs at the School of Global Policy and Strategy, University of California, San Diego.