Will China Succeed in its Modernisation Bid?

When:17 Jul 2018, 12pm - 1pm
Venue:Room 221/223, Level 2, John Goodsell Building, UNSW Kensington Campus
Who:Professor Yang Yao, National School of Development, Peking University
Will China Succeed in its Modernisation Bid?

In the 19th CCP congress, the Chinese authorities proposed an ambitious plan to make China a fully modernized country by 2035 and a high-income country by 2050. Will China be able to fulfil these two goals? What are the headwinds ahead? Professor Yao will lay out the favourable factors that will help China's modernisation bid. In the meantime, he will also discuss three serious challenges, including an aging population, a more demanding society, and changing international environment after the US-China trade war.

Yang Yao is a Cheung-Kong Scholar Chair Professor at the National School of Development (NSD), Peking University, Beijing, China. He is currently the Dean of NSD and the Director of the China Center for Economic Research (CCER), a leading think tank housed in the NSD. He held the Asia Scholar Fellowship at the University of Melbourne. Professor Yao has published widely in leading economic journals such as Journal of Development Economics, Journal of Public Economics, Journal of Labour Economics, Journal of Economic Growth, Oxford Bulletin of Economics and Statistics and Journal of International Money and Finance. He is a member of the China Finance 40 Forum. His research interests include economic transition and development in China. He has authored many books on various aspects of the Chinese economy and he is also a prolific writer for magazines and newspapers, including the Financial Times and the Project Syndicate. Professor Yao was awarded the 2008 and 2014 Sun Yefang Award in Economic Science—the highest award in economic science in China, the 2008 and 2010 Pu Shan Award in International Economics and the 2008 Zhang Peigang Award in Development Economics.