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Aug. 22, Mon. 14:30 - 15:00 (UTC) etc.
Can the Chinese Economy Avoid a "Hard-Landing"?
Last week, US Vice President Joe Biden visited China, now the world's second largest economy. It's also the largest foreign holder of US debt. Earlier this month, major credit ratings agency Standard & Poor's downgraded the US debt, jeopardizing the country's economic outlook and triggering declines in stock prices. During Vice President Biden's visit, China urged the US to solve its debt problem, while asserting confidence about its own continued economic growth.
But in fact, China has problems of its own, not the least of which is worsening inflation. The public has been venting its frustration at demonstrations and strikes across the country, and economic growth seems to be losing momentum.
A little over a year before the country's leadership is due to change hands, China faces the question of how to maintain strong growth while controlling inflation.
This week, ASIA BIZ FORECAST talks with Ke Long, senior fellow at Fujitsu Research Institute, about how the Chinese government might steer its economy through these challenging times.
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