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Making China’s Economy Grow Again

Wed. June 10th, 2020
Live Online

China has been in a gradual economic slowdown for nearly a decade, but with the coronavirus pandemic its growth has fallen off a cliff, contracting 6.8 percent in the first quarter of 2020. Notably, China’s premier, Li Keqiang, has refused to set a growth target—a sign that China will be lucky if its growth rate this year makes it into positive territory at all. Yet, as the first major economy to begin the recovery process, China’s experience may have implications for the United States and Europe. Carnegie’s Yukon Huang and Michael Pettis will debate China’s growth prospects and economic policy trajectory, including the roles of the state and private sector and potential shifts in the growth model in a time of crisis.

Yukon Huang

Yukon Huang is a senior fellow in the Carnegie Asia Program, where his research focuses on China’s economy and its regional and global impact. He was formerly the World Bank’s country director for China and earlier director for Russia and the Former Soviet Union Republics. 

Michael Pettis

Michael Pettis is a nonresident senior fellow in the Carnegie–Tsinghua Center for Global Policy. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets. 

Evan A. Feigenbaum

Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees research in Washington, Beijing and New Delhi on a dynamic region encompassing both East Asia and South Asia.

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
event speakers

Yukon Huang

Senior Fellow, Asia Program

Huang is a senior fellow in the Carnegie Asia Program where his research focuses on China’s economy and its regional and global impact.

Michael Pettis

Nonresident Senior Fellow, Carnegie China

Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets. 

Evan A. Feigenbaum

Vice President for Studies, Acting Director, Carnegie China

Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees its work in Washington, Beijing, New Delhi, and Singapore on a dynamic region encompassing both East Asia and South Asia. He served twice as Deputy Assistant Secretary of State and advised two Secretaries of State and a former Treasury Secretary on Asia.