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In China, market institutions are still being developed and private owned enterprises need help to overcome obstacles arising from the imperfection of market institutions. Such help can come from various levels of the government or state-owned enterprises. It is believed that such help is more likely if a major shareholder of the private enterprise has formed a joint venture with a state shareholder, either directly or indirectly. In this talk, Bai Chong-en will discuss ownership connections among state and private investors (ultimate shareholders) and their changes overtime. He will also examine the relationship between the degree of such connection and some important characteristics of the investors. His model suggests that such connections have played an important role in the growth of the private sector. 

BAI Chong-En is the Mansfield Freeman Chair Professor and dean of the School of Economics and Management of Tsinghua University. He is also the director of both the National Institute for Fiscal Studies of Tsinghua University and the Institute for State-Owned Enterprises of Tsinghua University. He earned his PhD degree in economics from Harvard University. His research areas include institutional economics, economic growth and development, public economics, finance, corporate governance, and Chinese economy.

BAI is a member of the National Committee of the Chinese People’s Political Consultative Conference, the “14th Five-Year Plan” National Development Planning Expert Committee, the Chinese Economists 50 Forum, the China Finance 40 Forum, and Chinainfo 100. He was a member of the monetary policy committee of the People’s Bank of China from 2015 to 2018. He served as Adjunct Vice-President of Beijing State-Owned Assets Management Co., Ltd. from August 2011 to December 2012. He was a non-resident senior fellow of the Brookings Institution from 2006 to 2007.

 

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This event is part of the 2022 Winter webinar series, The Future of China's Economy, sponsored by the APARC China Program.

 

This is a virtual event. Please click here to register and generate a link to the talk. 
The link will be unique to you; please save it and do not share with others.

 

At the end of 2021 China Evergrande Group—one of China’s biggest property developers—finally defaulted on its bonds. The default didn’t spark a Lehman Moment—as widely prophesied—or any significant market upheaval, but it’s increasingly clear that Evergrande’s problems mark the start of a momentous shift in how China’s economy grows. Over the past 18 months, Beijing has induced a slowdown of the property sector with the goal of better ensuring financial sector stability and the sustainability of property sector growth. However, it has resulted in defaults, restructuring, and consolidation among China’s largest developers, and has implication for local government finance and the pace of economic growth. This talk will discuss the challenges posed by Evergrande’s decline and imminent restructuring, what Beijing is trying to achieve by reining in the property sector, and what risks are involved.

 

Dinny McMahon is the author of “China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle,” a ground up look at the mechanics of China’s political economy, which he wrote while a fellow at the Woodrow Wilson Center for International Scholars. He later moved to MacroPolo, the Paulson Institute’s think tank in Chicago, where he researched China’s efforts to clean up its financial system. Dinny started his career as a financial journalist in China, spending six years in Beijing with The Wall Street Journal, and four years with Dow Jones Newswires in Shanghai, where he also contributed to the Far Eastern Economic Review. Dinny is currently working on a project for the Wilson Center on China’s efforts to reduce its reliance on the US dollar. He also provides independent research on China’s financial system for financial services firms.

 

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This event is part of the 2022 Winter webinar series, The Future of China's Economy, sponsored by the APARC China Program.

 

America in One Room: Climate and Energy, a Helena project, is the largest controlled experiment with "in-depth deliberation" ever held in the U.S.  It addressed this question: What would the American public really think about our climate and energy challenges if it had the chance to deliberate about them in-depth, with good and balanced information?
 
If the American people—or in this case, a representative sample of them—could consider the pros and cons of our different energy options, which would they support? Which would they cut back on? What possible paths to Net Zero would seem plausible to them? Which proposals would they resist? Can the public arrive at solutions to our climate and energy dilemmas that transcend our great divisions, especially our deep partisan differences? Can they also find common ground across differences in age, race, and region?
 
These and other questions will be discussed on Wednesday, December 1, 2021, 12:30-2:00 pm PST
 

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Panelists will include:

• Nicole Ardoin, Director, Emmett Interdisciplinary Program in Environment and Resources (E-IPER), Associate Professor of Education and Senior Fellow at the Woods Institute for the Environment, Stanford University
• Rep. John Curtis, United States House of Representative, (R-UT)
• Larry Diamond, Senior Fellow at the Hoover Institution and the Freeman Spogli Institute for International Studies, Stanford University
• Noah Diffenbaugh, Kara J Foundation Professor and Kimmelman Family Senior Fellow at the Woods Institute for the Environment, Stanford University
• Chris Field, Perry L. McCarty Director of the Stanford Woods Institute for the Environment and the Melvin and Joan Lane Professor for Interdisciplinary Environmental Studies, Stanford University
• James Fishkin, the Janet M. Peck Professor of International Communication and Director, Center for Deliberative Democracy, Stanford University
• Rep. Ro Khanna, United States House of Representatives (D-CA)
• Alice Siu, Associate Director, Center for Deliberative Democracy, Stanford University
• Peter Weber, Co-Chair Emeritus, California Forward

This webinar is hosted by:
Stanford Woods Institute for the Environment
Center on Democracy, Development and the Rule of Law
Stanford Center for Deliberative Democracy
Stanford Crowdsourced Democracy Team
California Forward
Other sponsors of America in One Room: Climate and Energy are listed here

This is a virtual event. Please click here to register and generate a link to the talk. 
The link will be unique to you; please save it and do not share with others.

November 10, 5:00-6:15 p.m. California time / November 11, 9:00-10:15 a.m. China time
 

Based on his recent Oxford University Press book Protecting China's Interests Overseas: Securitization and Foreign Policy, Dr. Andrea Ghiselli will discuss the role of the actors that contributed to the emergence and evolution of China's approach to the protection of its interests overseas. He will show how the securitization of non-traditional security threats overseas played a key role in shaping the behavior and preferences of Chinese policymakers and military elites, especially with regard to the role of the armed forces in foreign policy. 

While Chinese policymakers were able to overcome important organizational challenges, the future of China's approach to the protection of its interests overseas remains uncertain as Chinese policymakers face important questions about the possible political and diplomatic costs associated with different courses of action.

For more information about Protecting China's Interests Overseas or to purchase a copy, please click here.
 

Dr. Andrea Ghiselli is an Assistant Professor at the School of International Relations and Public Affairs of Fudan University. He is also the Head of Research of the TOChina Hub's ChinaMed Project. His research focuses on the relationship between China's economic interests overseas and its foreign and defense policy. Besides his first monograph Protecting China's Interests Overseas: Securitization and Foreign Policy published by Oxford University Press, Dr. Ghiselli's research has been published in a number of peer-reviewed journals like the China Quarterly, the Journal of Strategic Studies, Armed Forces & Society, and the Journal of Contemporary China.

 

The Center on Democracy, Development, and the Rule of Law (CDDRL) will be accepting applications from eligible juniors on who are interested in writing their senior thesis on a subject touching upon democracy, economic development, and rule of law (DDRL) from any university department.  The application period opens on January 10, 2022 and runs through February 11, 2022.   For more information on the Fisher Family CDDRL Honors Program, please click here.

Join us online via Zoom on Friday, January 21st at 12:00pm (PST) to learn more! 

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CDDRL faculty and current honors students will be present to discuss the program and answer any questions.