EVENTS

The current paradigm within which economic discourse in China is taking place is - the ‘New normal’. Broadly understood in terms of espousing a sustainable economic growth trajectory, the Chinese President Xi Jinping in his speech at the APEC summit in November 2014, underlined the significance of ‘new normal’ as a way to transform the ‘rapid growth into high-growth’. The recent currency devaluation and the falling profits of the Chinese manufacturing sector is raising doubts over China’s ability to pursue the ‘new normal’ approach. The continuing party-state led control over economic affairs raises questions about the expected deliverables in this regard. 

With the 13th Five Year Plan round the corner, the focus of world interest would be on whether the oft-announced fourth-generation economic reforms would begin in earnest and whether the Chinese government would scale up its policies to de-regulate micro-economic controls. Would it take up the financial reforms necessary to provide the private sector with a level playing field in terms of access to capital and technology? In the session, both Chinese and Indian experts will address various issues related to China’s domestic economic policy.