Can China Reach its 2024 Growth Target? ~ Dr Yu Yongding

EAI Distinguished Public Lecture
Organised by East Asian Institute (EAI), National University of Singapore
0:00:00
0:00:15 - Introduction by Prof Alfred Schipke
0:03:20 - Lecture by Dr Yu Yongding
1:09:52 - Q & A
Topic:
Can China Reach its 2024 Growth Target?
Speaker:
Dr Yu Yongding
Academician, Chinese Academy of Social Sciences and
Member, Advisory Committee of National Planning, National Development and Reform Committee, People’s Republic of China
Date/Time:
Monday, 20 May 2024
10:00 am - 11:30 am
Venue:
Seminar Room 3-5, Manasseh Meyer Building
Lee Kuan Yew School of Public Policy, NUS Bukit Timah Campus
469C Bukit Timah Road, Singapore 259772
Abstract:
China’s GDP growth rate has steadily declined from 12.2% in the first quarter of 2010 to 6% in the last quarter of 2019. What are the factors behind this slowdown? In this public lecture, Dr. Yu Yongding will present his views on the causes. The Chinese government has set a growth target of around 5% for 2024. Will China be able to reach this target? Dr. Yu will also discuss the conditions that China must meet to achieve this goal.
About the Speaker:
Dr. Yu Yongding is an academician of the Chinese Academy of Social Sciences and a member of the Advisory Committee of National Planning of the National Development and Reform Committee of the People’s Republic of China. He served as director-general of the Institute of World Economics and Politics from 1998 to 2009 and as president of the China Society of World Economics from 2003 to 2011. Additionally, he was a member of the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006. Born in 1948, Dr. Yu graduated from the Beijing School of Science and Technology in 1969, received his MA degree in economics from the Graduate School of the Chinese Academy of Social Sciences in 1983, and obtained his PhD in economics from the University of Oxford in 1994.
About the Moderator:
Prof Alfred Schipke is the director of the East Asian Institute and Professor of the Practice of International Finance at the Lee Kuan Yew School of Public Policy at NUS. Before joining NUS, he was Director of the IMF-Singapore Regional Training Institute for Asia and the Pacific in charge of technical assistance, training, and research. Prior to that he was Assistant Director and Mission Chief for India and Senior Resident Representative and Mission Chief for China providing policy advice, spearheading analytical work, and coordinating capacity development. He has worked closely with key Chinese economic and financial sector agencies including the People’s Bank of China, the Ministry of Finance, and the financial sector regulatory agencies. At the IMF, he was also division chief in the Asia and Pacific Department leading the department’s work on fast-growing low-income countries in Southeast Asia (Frontier Economies) and was Mission Chief for Vietnam. In the IMF’s Western Hemisphere Department, he negotiated several successful IMF programs including for El Salvador and St. Kitts and Nevis.
He has taught international finance at Harvard Kennedy School and the National School of Development at Peking University and has authored and edited several books and articles. He is currently also working on China-Africa economic relationships. He holds a PhD from Duisburg-Essen University, an MPA from Harvard, and a BA from Indiana University of Pennsylvania.
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