Podcasts about new structural economics

China's economy has again achieved a better-than-expected performance amid continuous Western doomsday predictions. How has the country shrugged off all the doomsayers and achieved the steady growth it needs over the past few decades? As China faces another turning point in its economic development, can it make a smooth transition towards high-quality development driven by New Quality Productive Forces? Find out the answers as host Tu Yun has an exclusive interview with former World Bank chief economist Justin Yifu Lin, now Dean of the Institute of New Structural Economics and Dean of the Institute of South-South Cooperation and Development at Peking University, on this episode of Chat Lounge.

Amid global economic uncertainties, economists underscored the strong resilience and great potential of China's economy, anticipating its continued prominence as a pivotal contributor to global economic growth this year.在全球经济不确定的情况下，经济学家强调中国经济具有强大的韧性和巨大的潜力，预计中国今年将继续作为全球经济增长的关键贡献者。Despite challenges stemming from weakening external demand and mounting uncertainties, they expressed optimism regarding China's capacity to achieve its annual GDP growth target of around 5 percent, citing proactive fiscal and monetary measures aimed at stimulating domestic demand as key factors supporting the outlook.尽管外部需求减弱和不确定性增加带来了挑战，但他们对中国实现5%左右的年度GDP增长目标的能力表示乐观，并指出旨在刺激国内需求的积极财政和货币措施是支撑前景的关键因素。Justin Yifu Lin, dean of Peking University's Institute of New Structural Economics, said the annual growth target is achievable if the government steps up both fiscal and monetary policies to stimulate consumption and investment.北京大学新结构经济学研究院院长林毅夫表示，如果政府加强财政和货币政策以刺激消费和投资，年度增长目标是可以实现的。"China still enjoys great potential and ample development space," Lin told a macroeconomic forum held on Wednesday by Peking University's National School of Development.2024年3月13日，林毅夫在北京大学国家发展学院举办的宏观经济论坛上表示：“中国仍然享有巨大的潜力和充足的发展空间。”Dismissing speculation that China's economy has reached its peak, he said China enjoys favorable advantages and conditions to maintain sustained growth, including its ultra-large domestic market, a complete industrial system, huge investment in industrial upgrading and its booming digital economy.他驳斥了有关中国经济已见顶的猜测，表示中国拥有保持持续增长的有利优势和条件，包括超大的国内市场、完整的工业体系、在产业升级方面的巨额投资以及蓬勃发展的数字经济。"China's role in the global economy is substantial, as it accounts for around 18 percent of the world economy," Lin said.林毅夫说:“中国在全球经济中的作用是巨大的，因为它占世界经济的18%左右。”"The nation's anticipated growth rate of around 5 percent is poised to contribute one percentage point to global economic expansion, contributing approximately 30 percent of global economic growth, solidifying China's position as the primary driver of global economic advancement."“中国5%左右的预期增长率将为全球经济增长贡献一个百分点，约占全球经济增长的30%，从而巩固中国作为全球经济发展的主要驱动力的地位。”Luo Zhiheng, chief economist at Yuekai Securities, also voiced strong optimism about China's economic prospects, saying the country still enjoys ample room and sufficient policy tools to bolster the economy.岳凯证券首席经济学家罗志恒也对中国经济前景表达了强烈的乐观态度，称中国仍有充足的空间和足够的政策工具来提振经济。He said this year's primary support for the economy could come from forceful infrastructure spending and a new round of large-scale equipment renewal, adding that the country needs to strengthen both fiscal and monetary policies to support the spending.他说，今年对经济的主要支持可能来自强有力的基础设施支出和新一轮大规模设备更新，并补充说，国家需要加强财政和货币政策来支持支出。Luo said the real estate sector and exports may continue to be a drag on China's outlook this year, and more efforts should be made to ensure supply, boost effective demand and stabilize housing prices.房地产行业和出口可能会继续拖累中国今年的前景，应该做出更多的努力来确保供应，促进有效需求和稳定房价。Xu Gao, chief economist at BOC International, said the country needs to take both short-term and long-term countermeasures to tackle issues faced by the economy, including pressures from shrinking demand and weakening expectations.中银国际首席经济学家徐高表示，中国需要采取短期和长期的对策来解决经济面临的问题，包括需求萎缩和预期减弱的压力。"More property and infrastructure investment will help stabilize the overall growth," he said.“更多的房地产和基础设施投资将有助于稳定整体增长。”Xu's views were echoed by Lu Feng, a professor of economics at the National School of Development. He called for strengthened macroeconomic policy adjustment and deepened structural reforms to boost China's supply capabilities and expand domestic demand.徐高的观点得到了国家发展研究院经济学教授陆峰的赞同。他呼吁加强宏观经济政策调整，深化结构性改革，以提高中国的供给能力，扩大国内需求。policy tools政策工具growth target增长指标

Multinational enterprises are unwaveringly committed to the Chinese market and will keep investing in China, as the country's pursuit of high-quality development and Chinese modernization are set to offer them more development opportunities, according to business executives and experts.The Chinese market has provided a conducive environment for growth of multinational enterprises. As it steps up efforts to expand high-level opening-up, more business potential is unfolding for foreign investors, especially those in high-tech and advanced manufacturing sectors such as electronics, healthcare and life sciences, they said.Allan Gabor, president of science and technology company Merck China, said he believes in the marvelous "China speed" and the country's growth momentum, which is driven by unremitting efforts to embrace high-quality development through the Chinese path to modernization.Over the past decade, Merck has invested nearly 6 billion yuan ($820 million) in China. The country is the company's second-largest market worldwide, with approximately 3 billion euros ($3.18 billion) in sales last year.Merck has invested about 70 million euros to increase its high-purity reagent production capacity and to expand its Nantong Life Sciences Center in Jiangsu province, which is expected to begin operations in 2026.It has also announced its "Level Up" growth plan to further invest at least 1 billion yuan in China by 2025 to enhance localized manufacturing, technology and supply chain capabilities in the electronics sector."Despite the uncertainties and challenges in the post-pandemic era, China insists on embracing foreign direct investment and is continuously rolling out measures and policies that facilitate multinational companies to deepen their footprints in the country. In my opinion, that practical approach is the precious certainty in an uncertain world," Gabor said.In its unique path to modernization, China has increasing needs in healthcare, high-quality food and drugs, solutions on environmental protection and the digital economy, and Merck is in a "sweet spot to continuously contribute with its innovative products and services", he added.Will Song, global senior vice-president of Johnson & Johnson and chairman of the healthcare company's China division, said the Chinese market is increasingly becoming an important growth engine and innovation hub in the company's global business portfolios, and its long-term commitment to the Chinese market remains unchanged."We are pleased to see that China strives to create a first-class business environment that is market-oriented, rules-based and internationalized, making greater efforts to attract foreign investment, and continuing to promote high-level opening-up," Song said.He said his company believes that China's high-quality economic development will bring many diverse opportunities for multinational enterprises, and it looks forward to the country's further opening-up as well as its continuous emphasis on and recognition of innovation values."With its market size, economic resilience and population, China remains an important strategic market in Johnson & Johnson's global business portfolio, and we are here for the long term," he added.The number of newly established foreign-invested enterprises in China reached 37,814 in the first three quarters, up 32.4 percent year-on-year, data from the Ministry of Commerce showed on Friday.The structure and quality of foreign direct investment saw much improvement, even though FDI into the Chinese mainland in terms of actual use dropped 8.4 percent year-on-year to 919.97 billion yuan over the period, according to the data.FDI used in China's manufacturing sector amounted to 262.41 billion yuan during the January-September period, with an increase of 2.4 percent year-on-year. High-tech manufacturing saw remarkable growth of 12.8 percent year-on-year.Justin Yifu Lin, dean of Peking University's Institute of New Structural Economics, said that the Chinese economy, with strong endogenous strength from factors such as an enormous domestic market and increasing innovation capability, is well poised to rebound and show dynamic growth, making great contribution to global economic growth.Lin, who is a former senior vice-president and chief economist of the World Bank, expects the Chinese economy to grow 5.5 percent — or even 6 percent — this year, and it will continue to be a key driver of global growth.Zhou Mi, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation, said that as China's economic recovery is gathering pace, consumption rebound and improvement in cross-regional development coordination will create a more conducive environment for foreign investors in China.Zhou said he believes that China will become more attractive to foreign investors, especially for those in the manufacturing and producer services sectors, considering the country's efforts to remove all restrictions on foreign investment access in the manufacturing sector and its strengthening growth momentum in high-tech fields.Leon Wang, executive vice-president of biopharmaceutical company AstraZeneca and president of AstraZeneca China, told China Daily earlier that the company hopes to contribute to the high-quality development of the Chinese economy.AstraZeneca will further deepen its market presence in the country through its regional-headquarters strategy, while supporting local economic development and driving dual-circulation development, he said.Zhang Fei, associate director of the Chinese Academy of International Trade and Economic Cooperation's Institute of Foreign Investment, said she expects more government moves to increase FDI inflows and improve FDI structure.Sectors such as automobile manufacturing, medical equipment and aerospace have great potential to boost FDI in China, she said.Reporter: Liu Zhihua

Co-host Janet Bush talks with Justin Yifu Lin. Lin is dean of the Institute of New Structural Economics, dean of the Institute of South-South Cooperation and Development, and professor and honorary dean of the National School of Development at Peking University. He served as chief economist at the World Bank from 2008 to 2012, and he actually took up his World Bank position after serving for 15 years as professor and founding director of the China Center for Economic Research at Peking University. In this podcast, he covers topics including the following: What is new structural economics? How can emerging economies catch up? Is globalization going into reverse? Will the economies of China and Asia maintain momentum? See www.mckinsey.com/privacy-policy for privacy information

Bards Logic streams the first half of the Conference to Establish a New Security and Development Architecture for All Nations hosted by the Schiller Institute.  Speakers Include: Helga Zepp-LaRouche, Founder, The Schiller Institute; Welcome and Keynote Address: “The Need for a New Paradigm.” H.E. Ambassador Anatoly Antonov, Ambassador of The Russian Federation to the United States Sam Pitroda (U.S./India), Innovator, Entrepreneur and Policy Maker Jay Naidoo (South Africa), Cabinet Minister under President Nelson Mandela Chen Xiaohan (China), Chinese People's Association for Peace and Disarmament Alessia Ruggeri (Italy), Spokeswoman of the Comitato per le Repubblica, trade  unionist Amb. P. S. Raghavan (India), former Indian Ambassador to The Russian Federation Dennis Small (U.S.), Ibero-American Editor, Executive Intelligence Review Prof. Justin Yifu Lin (China), Dean, Institute of New Structural Economics; Dean, Institute of South-South Cooperation and Development; Honorary Dean, School of National Development, Peking University Saeed Naqvi (India), Indian journalist, television commentator and interviewer Dr. George Koo (U.S.), retired Business Consultant; Chairman, Burlingame Foundation Fraydique Alexander Gaitán (Colombia), President of USCTRAB Trade Union Confederation of Colombia, and Pedro Rubio, Colombian trade union leader Bards Logic is the Grassroots, We the People show.

EIRI 12/28/21: The following is an edited transcription of an interview with Justin Yifu Lin conducted December 20, 2021 by EIR Editor Michael Billington. Dr. Lin was the Chief Economist and Senior Vice President at the World Bank from 2008 to 2012, and is now the dean at several institutes at Peking University: the Dean of the Institute for New Structural Economics; the Dean at the Institute for South-South Cooperation and Development; as well as a Professor and Honorary Dean at the National School of Development.

Justin Yifu Lin is the  former Chief Economist of the World Bank. He is one of China's leading economists and has worked extensively on the industrialization policies of rapidly developing countries. Justin is currently the Dean of the Institute of New Structural Economics at Peking University. At the same university, he is also the Dean of the Institute of South-South Cooperation and Development and Professor and Honorary Dean of the National School of Development. ResourcesWorld Bank names Chinese academic as chief economistWorld Bank archives on Justin LinBeating the Odds: Jump-Starting Developing Countries (Justin Yifu Linand Célestin Monga) Host:Professor Dan Banik, University of Oslo, Twitter: @danbanik  @GlobalDevPodhttps://in-pursuit-of-development.simplecast.com/ 

"Made in China" once represented the lowest-cost manufacturing in the world. Not anymore. Labor costs have been steadily rising, environmental regulations are much stricter now, and, as of last year, Chinese products exported to the U.S. come with expensive tariffs.In response, Chinese manufacturers have been moving their operations overseas, sparking an intense global competition among many of the world's poorest countries to see who can attract that investment. Southeast Asia, at least so far, appears to be the big winner. But other regions, including Africa, aren't giving up -- countries such Ethiopia are aggressively positioning themselves as an ideal gateway for Chinese producers to access the European, U.S., and even the Chinese market itself.Jia Yu from the Institute of New Structural Economics at Peking University, one of Beijing's most prestigious international development think tanks, closely follows the Chinese offshoring trends and has conducted extensive research on Chinese Special Economic Zone development in Ethiopia and in various Asian countries. She joins Eric & Cobus to explain where Chinese manufacturers are going and whether African countries are well-positioned now to pick up some of that business.JOIN THE DISCUSSION:Facebook: www.facebook.com/ChinaAfricaProjectTwitter: @eolander | @stadenesque SUBSCRIBE TO THE CAP'S DAILY EMAIL NEWSLETTER:Your subscription supports independent journalism. Subscribers get the following:1. A daily email newsletter of the top China-Africa news.2. Access to the China-Africa Experts Network3. Unlimited access to the CAP's exclusive analysis content on chinaafricaproject.com

It's going to be much more difficult for countries in Africa and other developing regions to borrow money from China. New research from Boston University's Global Development Policy Center reveals a sharp drop in overseas lending by the country's two largest policy banks, from $75 billion in 2016 to just $4 billion last year. After years of sometimes profligate lending, Chinese creditors are showing newfound discipline on what they finance.Dr. Yan Wang, a senior visiting fellow at the Institute of New Structural Economics at Peking University, is among the world's leading experts in Chinese overseas development finance. She joins Eric & Cobus to discuss her latest research on the issue and why she thinks Beijing is now pulling back the reins on lending. JOIN THE DISCUSSION:Facebook: www.facebook.com/ChinaAfricaProjectTwitter: @eolander | @stadenesque | @yanwang2005bSUBSCRIBE TO THE CAP'S DAILY EMAIL NEWSLETTERYour subscription supports independent journalism. Subscribers get the following:1. A daily email newsletter of the top China-Africa news.2. Access to the China-Africa Experts Network3. Unlimited access to the CAP's exclusive analysis content on chinaafricaproject.comTry it free for two weeks: www.chinaafricaproject.com/subscribe

Justin Lin, Director of the National School for Economic Development in Beijing, talks to Rob Johnson about how economists can work together internationally for shared prosperity.

Happy Birthday, UN Charter! As the United Nations turns 75, UN-Scripted looks at the past, present and future of the organization through the sharp eyes of elders and youth. In this episode, you’ll hear from former heads of states, diplomats and United Nations officials on what they believe are the UN’s greatest accomplishments and the path ahead for the organization. In this episode, you'll hear strong, controversial opinions: disillusioned UN youth delegates, elders desperate for international cooperation and pro-Asian scholars who believe the region is bound to lead the world soon. You’ll also hear from leading UN scholars who look at the key events that have shaped the United Nations since its its inception. For more information about our guests, in order of appearance: • Stephen Schlesinger, United States, Senior Fellow at the Century Foundation and former Director of the World Policy Institute at the New School; author of, among other books, “Act of Creation: The Founding of The United Nations," available here: https://www.amazon.com/Act-Creation-Founding-United-Nations/dp/0813332753 • Thomas G. Weiss, United States, Presidential Professor of Political Science at The CUNY Graduate Center and former director of the Ralph Bunche Institute for International Studies at CUNY; author of numerous books on the UN. For more information: https://www.futureun.org/en/Home • Fabrizio Hochschild, Chile, Special Adviser to Secretary-General António Guterres on the Commemoration of the UN-75th Anniversary. The United Nations worldwide survey is available at: https://www.un.org/UN75 • Mary Robinson, Ireland, Former President of Ireland, former UN High Commissioner for Human Rights and currently Chair of The Elders. Mary Robinson has also discussed human rights and multilateral cooperation in a post-pandemic world with fellow members of The Elders in special episodes of a new podcast series called “Finding Humanity”. The series also features interviews with frontline activists and human rights defenders working for change in their communities. Listen here: findinghumanitypodcast.com • Sir Richard Jolly, United Kingdom, Former Deputy Director of Unicef and a UN Assistant Secretary-General • Kishore Mahbubani, Singapore, Former Permanent Representative to the UN and Distinguished Fellow at the National University of Singapore. His book, "Has China Won," is available at: https://www.publicaffairsbooks.com/titles/kishore-mahbubani/has-china-won/9781541768123/ • Carol Bellamy, United States, Former Executive Director of Unicef • Justin Yifu Lin, China, Former Chief Economist at the World Bank and Dean of the Institute of New Structural Economics at Peking University. • Edward Mortimer, United Kingdom, Former Director of Communications for Secretary-General Kofi Annan And our youth leaders: • Côme Girschig, France, Representative at the UN’s 2019 Youth Climate Change Summit • Yen Ba Vu, Vietnam, Law and History Student • Dr. Joannie M. Bewa, Benin, Sexual and Reproductive Health Advocate and UN Youth Leader for the Sustainable Development Goals • Sophie Arsenault, Canada, delivered a speech on behalf of Canada at the UN PassBlue’s Twitter: @pass_blue Facebook: @passblueUN Instagram: @passblue ----- And check out our sponsors! • The Centre for United Nations Studies at the University of Buckingham in the United Kingdom offers a one-year masters degree program in United Nations and Diplomatic Studies. www.buckingham.ac.uk/humanities/ma/united-nations-and-diplomatic-studies • Fordham University offers a Master of Science in Humanitarian Studies via online and evening classes at Fordham's campuses in the Bronx and Manhattan. fordham.edu/mshs. • The Fletcher School at Tufts University offers a two-year Master of Arts in Law and Diplomacy and a one-year master’s degree program for mid-career professionals. https://fletcher.tufts.edu

Il lavoro in Italia è un aspetto estremamente critico, e non da oggi. La visione che si ha in Italia del mondo del lavoro è arretrata e ideologica, e questo si riflette in un mondo del lavoro dove le differenti tipologie contrattuali hanno tutele e regolamentazioni estremamente diverse che finiscono per distorcere e rendere inefficiente il mercato. A questo si aggiunge una forte concentrazione di imprese di dimensione medio piccola, estremamente inefficienti, che tuttavia in questo momento bisogna cercare di preservare essendo un bacino di lavoratori estremamente ampio. Michele e Adalberto analizzeranno cosa è stato fatto finora dal governo, e soprattutto perché quello che è stato fatto è dannoso. Gli Ospiti: - Michele Boldrin: è Joseph G. Hoyt Distinguished University Professor of Economics presso la Washington University in Saint Louis. E’ anche Visiting Professor presso l’Università Ca' Foscari di Venezia, Research Fellow presso il CEPR a Londra e Scientific Advisor presso l’Institute for New Structural Economics di Pechino. https://artsci.wustl.edu/faculty-staff/michele-boldrin - Adalberto Perulli: Prof. Ordinario di Diritto del Lavoro nell'Università Ca' Foscari Venezia, nonché fondatore dell’omonimo studio che svolge incarichi di consulenza e assistenza giudiziale ed extragiudiziale per conto di imprese, soggetti privati ed Enti pubblici. https://www.unive.it/data/persone/5592568

Former Senior Vice President and Chief Economist at the World Bank Justin Yifu Lin presents his view of the Chinese economy's future at the annual Forecast of China’s Economy for 2019, hosted by the National Committee on U.S.-China Relations and Peking University’s China Center for Economic Research, at the Citigroup Center on January 10, 2019. Justin Yifu Lin, Ph.D. in economics from the University of Chicago, is director of Center for New Structural Economics, dean of Institute of South-South Cooperation and Development, and professor and honorary dean of the National School of Development at Peking University. He was the senior vice president and chief economist of the World Bank, 2008-2012.

Dr. Jia Yu is Senior Operations Officer and the Director of International Development Cooperation at the Institute of New Structural Economics at Peking University. Previously, Dr. Yu worked more than 8 years for State Power Investment Corp. (SPIC) International Minerals & Investment Co., Ltd as the director of the Dept. of Business Development & Public Relations. She was responsible for overseas energy and mining investment and public relations at the corporate level; global resources market research, China’s outward FDI policy and empirical studies at a macro level. Before joining SPIC, Dr. Yu started her career as a consultant for the utility industry with Accenture. Dr. YU graduated from Peking University with a double major in French and Economics and received a scholarship from the French government to continue her studies in France. Dr. Yu has two Masters’ degrees, in Economics and one in Development Economics and Project Management, at CERDI-CNRS in France. Her current focus is on Chinese “Go Global” empirical studies, Industrial Park and Special Economic Zones (SEZ) development, as well as China's overseas investment and the interaction of the manufacturing, energy and mining sector and their roles in the process of industrialization for countries along the Belts and Road. On this podcast, Jia Yu discusses what she learned as part of a team doing large-scale investing in Africa from both a business and personal perspective. The colorful examples she discusses on the podcast highlight the importance of cultural understanding and the need for building the “soft” human infrastructure as well as the “hard” infrastructure components such as mining facilities, power generation plants and industrial parks.

Dr. Jia Yu is Senior Operations Officer and the Director of International Development Cooperation at the Institute of New Structural Economics at Peking University. Previously, Dr. Yu worked more than 8 years for State Power Investment Corp. (SPIC) International Minerals & Investment Co., Ltd as the director of the Dept. of Business Development & Public Relations. She was responsible for overseas energy and mining investment and public relations at the corporate level; global resources market research, China’s outward FDI policy and empirical studies at a macro level. Before joining SPIC, Dr. Yu started her career as a consultant for the utility industry with Accenture. Dr. YU graduated from Peking University with a double major in French and Economics and received a scholarship from the French government to continue her studies in France. Dr. Yu has two Masters’ degrees, in Economics and one in Development Economics and Project Management, at CERDI-CNRS in France. Her current focus is on Chinese “Go Global” empirical studies, Industrial Park and Special Economic Zones (SEZ) development, as well as China's overseas investment and the interaction of the manufacturing, energy and mining sector and their roles in the process of industrialization for countries along the Belts and Road. On this podcast, Jia Yu discusses what she learned as part of a team doing large-scale investing in Africa from both a business and personal perspective. The colorful examples she discusses on the podcast highlight the importance of cultural understanding and the need for building the “soft” human infrastructure as well as the “hard” infrastructure components such as mining facilities, power generation plants and industrial parks.

A growth slowdown in the People's Republic of China causing a decline in trade would be felt across Asia, with commodity exporters and trade partners closest to the country hit hardest. Although the region's dependence on trade with China has been expanding fast, the effects of such a slowdown would not be catastrophic, says a new book published by the Asian Development Bank Institute. Read the transcript https://bit.ly/2x7Fyau Read the book https://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia About the authors Peter Morgan is co-chair of ADBI's Research Department. Fan Zhai is the former managing director of the China Investment Corporation. About the book editors Peter Morgan is co-chair of the Research Department at the Asian Development Bank Institute. Justin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China. Guanghua Wan is director of the Institute of World Economy, Fudan University, China. Know more about ADBI's work on PRC https://bit.ly/2vVC0Yi https://bit.ly/2vQ3fDf

Domestic structural change is necessary if the People's Republic of China is to sustain economic growth of as high as 8% a year over the next 10 years. Research published in an Asian Development Bank Institute book, Slowdown in the People's Republic of China, Structural Factors and the Implications for Asia, found the worldwide trade slowdown that followed the global financial crisis in 2008 is mostly to blame for the recent decline in China's growth rate. Read the transcript https://bit.ly/2IH1aPj Read the book https://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia About the book editors Peter Morgan is co-chair of the Research Department at the Asian Development Bank Institute. Justin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China. Guanghua Wan is director of the Institute of World Economy, Fudan University, China. Know more about ADBI's work on PRC https://bit.ly/2vVC0Yi https://bit.ly/2vQ3fDf

The nature of the People's Republic of China's growth slowdown is a key question for the global economy. If it's a bump in the road, growth in China should soon return to a high rate that can help support global growth. If it reflects deeper problems, the world may have to live without the contribution that has come to be expected from China's hard-charging economy. Economists must first determine the factors behind China's growth, which poses statistical problems. Read the transcript https://bit.ly/2rurpP7 Read the book https://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia About the author Harry X. Wu, professor at the Institute of Economic Research at Japan's Hitotsubashi University. About the book editors Peter Morgan is co-chair of the Research Department at the Asian Development Bank Institute. Justin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China. Guanghua Wan is director of the Institute of World Economy, Fudan University, China. Know more about ADBI's work on PRC https://bit.ly/2vVC0Yi https://bit.ly/2vQ3fDf

The bulk of Asia's exports runs through, rather than to, the People's Republic of China, leaving the region more exposed to downturns and anti-trade sentiments in developed countries than to a domestic slowdown in China. Governments should promote domestic growth and trade within Asia to lessen that exposure, economists argue in a new book by the Asian Development Bank Institute, Slowdown in the People's Republic of China, Structural Factors and the Implications for Asia. Peter Morgan, co-chair of the research department at ADBI and one of the editors of the book, explains the conclusions of a paper by Willem Thorbecke of Japan's Research Institute of Economy, Trade and Industry. Read the transcript https://bit.ly/2KO2jD0 Read the book https://www.adb.org/publications/slowdown-prc-structural-factors-and-implications-asia About the author Willem Thorbecke is a senior fellow at Japan's Research Institute of Economy, Trade and Industry. About the book editors Peter Morgan is co-chair of the Research Department at the Asian Development Bank Institute Justin Yi-fu Lin is director of the Center for New Structural Economics, Peking University, China. Guanghua Wan is director of the Institute of World Economy, Fudan University, China. Know more about ADBI's work on PRC https://bit.ly/2vVC0Yi https://bit.ly/2vQ3fDf