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Event Details
Dear Members and Friends of SwissCham,
SwissCham Beijing is delighted to invite you to our supported "Staying in Dialogue with China" webinar series - Social Rebalancing, which will take place on September 11 at 3pm.
In our fourth webinar of this year's "Staying in Dialogue with China" series, we look forward to talking to Prof. LI Shi, Dean of the Institute for Common Prosperity and Development, Zhejiang University, about China's "social rebalancing" as a fourth structural transition as per CMG's conceptual framework of China's political economy (cf. CMG).
Institutional reforms kick-started in 1978 enabled China's rapid catch-up. These reforms, however, were applied selectively and thus the development has been heavily skewed towards China's coastal areas. So, despite officially having eradicated absolute poverty in 2021, the Gini coefficient for the country's income distribution still stands at 0.467 (2022), much higher than the 0.35 average in Asia.
In 2020, the late Premier Li Keqiang reminded everybody that China still has 600 million people living on a monthly income of 1,000 yuan (US$140), "barely enough to cover monthly rent in a mid-sized Chinese city". President Xi likewise conceded that "unbalanced and inadequate development remains a pronounced problem". Problems are thus manifold: domestic household consumption remains structurally subdued, migrant workers still don't enjoy the same public services as regular urban residents do, and birth rates have been falling rapidly โ also due to higher costs of living.
Coming out of the Third Plenum, the mid-year July Politburo meeting as well as the Beidaihe leadership conclave, what are Beijing's โ possibly readjusted โ policy priorities and recipes to address these social policy challenges? How has "Common Prosperity" already become a policy reality? What are first learnings from its pilot in Zhejiang province? How will China's lower-class workers be protected, allowed to unionize and taxed in the future? How can social rebalancing contribute to long-term goals such as stimulating consumption and reviving birth rates?
This webinar will be moderated by Markus Herrmann Chen, Co-Founder and Managing Director of CMG. Take the opportunity to listen in and ask your questions to Prof. LI.
This webinar will not be recorded, but a transcript will be published following the webinar.
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ไธญๅฝ็ๅฃซๅไผ่ฏๆ้่ฏทๆจๅๅ ๆไปฌๆฏๆ็"ไธไธญๅฝไฟๆๅฏน่ฏ"็ณปๅ็ฝ็ป็ ่ฎจไผไน็คพไผๅๅนณ่กก๏ผ่ฏฅๆดปๅจๅฐไบ9ๆ11ๆฅไธๅ3็นไธพ่กใ
ๅจไปๅนด"ไธไธญๅฝไฟๆๅฏน่ฏ"็ณปๅ็็ฌฌๅๆฌก็ฝ็ป็ ่ฎจไผไธญ๏ผๆไปฌๆๅพ ไธๆตๆฑๅคงๅญฆๅ ฑๅๅฏ่ฃไธๅๅฑ็ ็ฉถ้ข้ข้ฟๆๅฎๆๆๆข่ฎจไธญๅฝ็"็คพไผๅๅนณ่กก"๏ผ่ฟไธไธป้ข่ขซCMG็ไธญๅฝๆฟๆฒป็ปๆตๅญฆๆฆๅฟตๆกๆถ่งไธบ็ฌฌๅๆฌก็ปๆๆง่ฝฌๅใ
1978ๅนดๅฏๅจ็ไฝๅถๆน้ฉๆจๅจไบไธญๅฝ็ๅฟซ้่ฟฝ่ตถๅๅฑใ็ถ่๏ผ่ฟไบๆน้ฉๆฏ้ๆฉๆงๅฎๆฝ็๏ผๅ ๆญคๅๅฑไธฅ้ๅๅไธญๅฝๆฒฟๆตทๅฐๅบใๅฐฝ็ฎกไธญๅฝๅจ2021ๅนดๆญฃๅผๅฎฃๅธๆถ้ค็ปๅฏน่ดซๅฐ๏ผไฝๅฝๅฎถๆถๅ ฅๅ้ ็ๅบๅฐผ็ณปๆฐๅจ2022ๅนดไปไธบ0.467๏ผ่ฟ้ซไบไบๆดฒๅนณๅๆฐดๅนณ็0.35ใ
2020ๅนด๏ผๅทฒๆ ็ๆๅ ๅผบๆป็ๆ้ๅคงๅฎถ๏ผไธญๅฝไปๆ6ไบฟไบบๅฃๆๆถๅ ฅไป ไธบ1000ๅ ไบบๆฐๅธ๏ผ็บฆ140็พๅ ๏ผ๏ผ"ๅๅผบๅคๆฏไปไธญ็ญๅๅธ็ๆ็ง"ใไน ่ฟๅนณไธปๅธญไนๆฟ่ฎค๏ผ"ๅๅฑไธๅนณ่กกไธๅ ๅ้ฎ้ขไป็ถ็ชๅบ"ใๅ ๆญค๏ผ้ฎ้ขๅค็งๅคๆ ท๏ผๅฝๅ ๅฎถๅบญๆถ่ดน็ปๆๆงไฝ่ฟท๏ผๅๆฐๅทฅไป็ถๆ ๆณไบซๅไธๆฎ้ๅๅธๅฑ ๆฐ็ธๅ็ๅ ฌๅ ฑๆๅก๏ผๅบ็็ไนๅ ็ๆดปๆๆฌไธๅ่่ฟ ้ไธ้ใ
ๅจไธไธญๅ จไผใๅนดไธญไธๆ็ๆฟๆฒปๅฑไผ่ฎฎไปฅๅๅๆดๆฒณ้ขๅฏผๅฑไผ่ฎฎๅ๏ผๅไบฌๅฏ่ฝไผ่ฐๆดๅชไบๆฟ็ญ้็นๅ่งฃๅณ่ฟไบ็คพไผๆฟ็ญๆๆ็ๆนๆก๏ผ"ๅ ฑๅๅฏ่ฃ"ๅทฒ็ปๅฆไฝๆไธบๆฟ็ญ็ฐๅฎ๏ผๆตๆฑ็็่ฏ็นๆๅชไบๅๆญฅ็ป้ช๏ผๆชๆฅไธญๅฝ็ๅบๅฑๅทฅไบบๅฐๅฆไฝๅๅฐไฟๆค๏ผๅฆไฝ่ขซๅ ่ฎธ็ป็ปๅทฅไผๅๅพ็จ๏ผ็คพไผๅๅนณ่กกๅฆไฝๆๅฉไบไฟ่ฟๆถ่ดนๅๆขๅคๅบ็็็ญ้ฟๆ็ฎๆ ๏ผ
ๆฌๆฌก็ฝ็ป็ ่ฎจไผๅฐ็ฑChina Macro Group่ๅๅๅงไบบๅ ผ่ฃไบๆป็ป็Markus Herrmann Chenไธปๆใๆไฝๆบไผ๏ผๅพๅฌๅนถๅๆๆๆๆ้ฎใ
ๆฌๆฌก็ฝ็ป็ ่ฎจไผไธไผๅฝๅถ๏ผไฝไผๅจไผๅๅๅธๆๅญ่ฎฐๅฝใ
With best regards,
Your SwissCham Team
Online Zoom
Webinar Series
After 45 years of exceptional development and growth, structural complexities in China's political economy are becoming increasingly challenging, calling for policymakers to skillfully navigate China's economy towards the proclaimed 'High-Quality-Development'. To make sense of these complexities and potential policy conundrums that shape the strategic context for foreign business, CMG looks at China's political economy and evolving policy environment by way of six structural transitions โ three longer-term transitions that China embarked on with the 'reform and opening up' (ๆน้ฉๅผๆพ) period, and three more recent transitions involving policy-steered trade-offs and rebalancing.
In this 2024 "Staying in Dialogue with China" webinar series, CMG will explore, debate and refine this conceptualization to these six structural transitions featuring six distinguished Chinese economists as expert speakers. Click here to find out more about the entire series.
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