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Session 3: China’s Pro-Growth Policies: How Far and How Fast?

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The speakers will share their insights regarding the business fundamentals in China. They will address the question of what sort of policy adjustments are likely going forward that may help businesses anticipate key changes in the business environment in China. Is there unwarranted euphoria over the sheer size of the market and less discussion about the revenue and/or earnings potential?

Session Presentations

Greg Fager

Links of Interest

Speakers

Jenny Lin, Senior Asia-Pacific Economist, Ford Motor Company, presiding

Nicholas R. Lardy
Senior Fellow
Institute for International Economics

Nicholas R. Lardy, senior fellow at the Institute for International Economics, was a senior fellow in the Foreign Policy Studies Program at the Brookings Institution from 1995 to 2003 and also served as interim director of Foreign Policy Studies in 2001. He was the director of the Henry M. Jackson School of International Studies at the University of Washington from 1991 to 1995. From 1997 through the spring of 2000, he was the Frederick Frank Adjunct Professor of International Trade and Finance at the Yale University School of Management.

While at the University of Washington, Dr. Lardy was a professor of international studies since 1985 and an associate professor from 1983 to 1985. He was also the chair of the China Program there from 1984 to 1989. He was an assistant and associate professor of economics at Yale University from 1975 to 1983.

He has written numerous articles and books on the Chinese economy. His current major project analyzes the strategic implications of deepening China-Taiwan economic relations. His most recent book, Integrating China into the Global Economy, which was published in January 2002, explores whether reforms in China's economy and its foreign trade and exchange rate systems following China's WTO entry will integrate it much more deeply in the world economy. In September 1998, he published China's Unfinished Economic Revolution, a study that evaluates the reform of China's banking system and measures the economic consequences of deferring reform in the state-owned sector.

Some of his other publications include "China and the Asian Contagion," Foreign Affairs 77, no. 4 (July/August 1998); "The Role of Foreign Trade and Investment in China’s Economic Transformation," The China Quarterly, no. 144 (December 1995); China in the World Economy (Institute for International Economics, 1994); "Chinese Foreign Trade" The China Quarterly, no. 131 (September 1992); Foreign Trade and Economic Reform in China, 1978-1990 (Cambridge University Press, 1992, paperback, 1993); Agriculture in China's Modern Economic Development (Cambridge University Press, 1983); and Economic Growth and Distribution in China (Cambridge University Press, 1978).

He serves on the Board of Directors and Executive Committee of the National Committee on United States-China Relations and is a member of the Council on Foreign Relations. He is also on the editorial boards of The China Quarterly, the Journal of Asian Business, the China Review, and the China Economic Review.

He received his BA from the University of Wisconsin in 1968 and his PhD from the University of Michigan in 1975, both in economics.

Greg Fager
Institute for International Finance, Inc.


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