Podcast appearances and mentions of Nicholas R Lardy

This week on Sinica, Kaiser chats with Bloomberg’s chief economist, Tom Orlik, about his new book, China: The Bubble That Never Pops. A longtime resident of Beijing, Tom wrote for the Wall Street Journal before joining Bloomberg as chief Asia economist. His book argues that Beijing's leaders have learned valuable lessons from their own history and from the experiences of other countries, and applied them well to China's own economy. 5:33: The bears have it wrong on China10:08: Debt obligations and local government finance18:29: What the Chinese leadership has learned, and what it hasn’t30:21: Shadow loans, and the shadow banking sector 47:42: The tools that China’s central banks have to deal with riskRecommendations:Tom: China’s Unfinished Economic Revolution, by Nicholas R. Lardy, and The Story of the Stone, or The Dream of the Red Chamber, Vol. 1: The Golden Days, by Cáo Xuěqín 曹雪芹, translated by David Hawkes.Kaiser: The 2010 Chinese television series Three Kingdoms.

As the COVID-19 pandemic presents unprecedented challenges to every level of the global economy, the National Committee on U.S.-China Relations is bringing together leading American and Chinese experts on economics and trade to share analysis and projections on the issues. We invite you to join us for a series of virtual programs, Coronavirus Crisis: What it means for U.S.-China Economic & Trade Relations, over the next month.  The final program in the series, Coronavirus Crisis: Prospects for U.S.-China Cooperation in Combatting the Global Economic Downturn, was held on May 27, 2020. The speakers included: Nicholas R. Lardy, Senior Fellow, Peterson Institute for International Economics; Robert E. Rubin, Former U.S. Treasury Secretary; Lu Feng, Director, China Macroeconomic Research Center, Peking University; Yao Yang, Boya Chair Professor and Dean, National School of Development, Peking University.   For more information on the potential economic, social, and political impacts of the coronavirus outbreak, and its long-term implications for U.S.-China relations, please visit https://www.ncuscr.org/coronavirus 

As the Chinese state—under the leadership of President Xi Jinping—continues to exert more control over China’s economy through its policies, prospects for future reforms seem uncertain. Dr. Nicholas R. Lardy of the Peterson Institute explains why economic reform has been so important to Chinese society over the past 40 years and shares his perspective on whether the country’s reform period has indeed ended.   Nicholas R. Lardy, called “everybody’s guru on China” by the National Journal, 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 was the director of the Henry M. Jackson School of International Studies at the University of Washington 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 numerous books, including Markets Over Mao: The Rise of Private Business in China (2014), Sustaining China’s Economic Growth After the Global Financial Crisis (2012), The Future of China’s Exchange Rate Policy (2009), China’s Rise: Challenges and Opportunities (2008), Debating China’s Exchange Rate Policy (2008), and China: The Balance Sheet—What the World Needs to Know Now about the Emerging Superpower (2006). Lardy is a member of the Council on Foreign Relations and of the editorial boards of Asia Policy and the China Review.

In a new book, NCUSCR Vice Chair Nicholas R. Lardy of the Peterson Institute for International Economics draws upon new data to trace how Chinese President Xi Jinping's support of state-owned enterprises has begun to diminish the role of the market and private firms in China's economy. Dr. Lardy argues that China has the potential to match growth rates from previous decades, but only if it returns to a path of market-oriented reforms. At a National Committee corporate member luncheon on March 8, 2019, Dr. Lardy discussed the impact of revived state control over China's economy, and prospects for future growth. 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. Before Brookings, 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 an expert on the Chinese economy. Dr. Lardy's most recent books are The State Strikes Back: The End of Economic Reform in China? (2019), Markets over Mao: The Rise of Private Business in China (2014), Sustaining China's Economic Growth after the Global Financial Crisis (2012), The Future of China's Exchange Rate Policy (2009), and China's Rise: Challenges and Opportunities (2008). In 2006, he contributed chapters on China's domestic economy and China in the world economy to China: The Balance Sheet (Public Affairs, 2006). In 2004, he coauthored Prospects for a US-Taiwan Free Trade Agreement with NCUSCR director Daniel Rosen. His previous book, Integrating China into the Global Economy, published in January 2002, explores whether reforms of China's economy and its foreign trade and exchange rate systems following China's WTO entry will integrate it much more deeply into the world economy. Dr. Lardy is a member of the Council on Foreign Relations and of the editorial boards of Asia Policy and the China Review. He received his BA from the University of Wisconsin and his PhD from the University of Michigan, both in economics.

An expert panel discusses the impact of the U.S.-China trade war on China’s economy and financial markets, the effect of China’s structural economic reform on the global economy, and the recent slowdown and challenges in China’s economy and relevant economic policies. Recorded 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. Panelists: Nicholas R. Lardy, Anthony M. Solomon Senior Fellow, Peterson Institute for International Economics Catherine Mann, Chief Global Economist, Citi Lu Feng, Professor, National School of Development (NSD), Peking University (PKU); Director, China Macroeconomic Research Center, PKU Yao Yang, Dean, NSD, PKU Zha Daojiong, Professor, School of International Studies, PKU Moderator: Michelle Caruso-Cabrera, Contributor, CNBC

Nicholas R. Lardy explains that the downgrade of China’s sovereign credit rating will have minimal economic impact.