EVENTS

Abstract

Following the global crisis, the stimulus package of 2009-2010, with its huge expansion of credit, marked the end of ‘Cheap China’, with the under-pricing of labour, capital, land, energy and currency, and disproportionally shifted growth in favour of the public sector and real estate, the lion’s share of the State Party system. The present process of deleveraging must address the unprecedented inequities which stem from distortions in the allocations of resources and the respective functions of the central and local governments.

About the Speaker

Prof. Guilhem Fabre, a Sinologist and Socio-economist, is a professor at the French University of Le Havre, GRIC (Research Group on Identities and Cultures) and Associate Researcher, China Centre (CECM). He is also co-director of seminars on BRICs at the FMSH/EHESS (School for Advanced Studies in Social Sciences in French). His research focuses on China and globalization. Two of his recent works are "The Fortunes of Crime: Drug Trafficking and Money Laundering and Financial Crises” and “Intellectual Property Infringement and Innovation: Multinationals Facing the Knowledge Economy”.