Can the PRC's economy still become number one?

Over the past decade the rate of economic growth of the People’s Republic of China (PRC) has experienced steady decline. Now adding to domestic, structural economic headwinds like adverse demographics are intensifying geopolitical tensions with the US and a broader trend towards de-globalisation. Earlier this year, the Australian government released new forecasts putting the PRC's share of world GDP in 2035 at 24 percent, compared with 14 percent for the US. But many analysts view this as far too optimistic.

The Australia-China Relations Institute at the University of Technology Sydney (UTS:ACRI) will host a webinar with Guanghua Wan, Director of the Institute of World Economy at Fudan University. In a 10-minute presentation, he will review the PRC's major growth drivers to date, before being interviewed by UTS:ACRI Director Professor James Laurenceson on the formidable challenges now being faced with analysis covering the short and longer run outlooks. The discussion will be followed by audience Q&A.

 

About the speaker

Professor Guanghua Wan

Guanghua Wan is Director of the Institute of World Economy at Fudan University. He obtained his MEc and PhD from the University of New England and taught in Sydney University before joining the United Nations and the Asian Development Bank. According to the latest RePEc (September 2022), he is ranked among the top five percent economists globally and top three percent in Asia and China (some of his papers can be downloaded here).

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