FOCUS ON CHINA

OUT OF BALANCE: SUSTAINING ECONOMIC GROWTH IN CHINA

Nicholas R. Lardy, Anthony M. Solomon Senior Fellow, Peterson Institute for International Economics

Nicholas LardyImbalances within China’s economy threaten the future of its economic growth. These imbalances, which developed in the prelude to the global economic crisis, include low domestic consumption relative to GDP, an outsized industrial sector, and massive foreign exchange reserves. As the world looks for help to sustain the fragile global economic recovery, China’s policy responses both during and in the aftermath of the global crisis have enormous consequences. What was China’s response to the global economic crisis, and has it been effective? What policy changes and reforms must China make now to rebalance its economy and why haven’t they done so sooner? What are the implications of China’s response to the global crisis for the United States and the rest of the world? Please join The Chicago Council with the Peterson Institute’s Nicholas R. Lardy as he explains the arguments in his latest book: Sustaining China’s Economic Growth After the Financial Crisis

Nicholas R. Lardy is the Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics. He joined the Institute in March 2003 from the Brookings Institution, where he was a senior fellow from 1995 until 2003. He served at the University of Washington, where he was the director of the Henry M. Jackson School of International Studies from 1991 to 1995. From 1997 through the spring of 2000, he was also the Frederick Frank Adjunct Professor of International Trade and Finance at the Yale University School of Management. He is author, coauthor, or editor of The Future of China's Exchange Rate Policy, China's Rise: Challenges and Opportunities, Debating China's Exchange Rate Policy, and China: The Balance Sheet—What the World Needs to Know Now about the Emerging Superpower. He is a member of the Council on Foreign Relations and a member of the editorial boards of the China Quarterly, China Review, and Journal of Contemporary China. Lardy earned his B.A. from the University of Wisconsin and holds a Ph.D. from the University of Michigan.
 
Lardy’s new book, Sustaining China's Economic Growth After the Global Financial Crisis, will be available for purchase and signing following the program.

 



WEDNESDAY MARCH 14, 2012

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