Wang Huiyao in dialogue with Yale economist Stephen Roach
While much of 2021 saw the tensions between the United States and China, the world’s two largest economies, mounting to new heights, the bilateral relations nevertheless rebounded in December as the two sides pledged to boost climate cooperation in a joint declaration in Glasgow, following a virtual summit between President Xi and President Biden. As 2021 is drawing to a close, amid worries about the unknown Omicron variant of coronavirus and rising inflation globally, what does the future hold for the world economy? How will the US and China respond to uncertainties in economic outlook and what are the implications?
Tomorrow at 9am (Beijing time), the Center for China and Globalization (CCG) is honored and pleased to be hosting a virtual dialogue between Prof. Stephen S. Roach, Senior Fellow at Yale University and former Chairman of Morgan Stanley Asia, and Dr. Wang Huiyao, CCG President.
Suggested points of discussions:
-Key takeaways from the recent developments in the US-China relations
-Outlooks on the global, US, and the Chinese economies in 2022 and their implications for the bilateral relationship
-Tackling inequality, “common prosperity” vs. “build back better”
-Infrastructure development, the BRI vs. B3W
-The Biden administration’s China policy in review, a better way moving forward?
-Decoupling, what now and what next?
Speakers
Dr. Henry Huiyao Wang is Founder and President of the Center for China and Globalization (CCG). He is a Counselor to the China State Council and a Vice Chairman of China Association for International Economic Cooperation (CAIEC) under the Ministry of Commerce (MOFCOM), Vice Chairman, China Talent Research Society under the Ministry of Human Resources and Social Security. He is also Vice Chairman of China Public Relations Association; a Director of Chinese People’s Institute of Foreign Affairs and a Director of China National Committee for Pacific Economic Cooperation, both organizations under the supervision of Ministry of Foreign Affairs. He is a Professor and Dean of the Institute of Development at Southwestern University of Finance and Economics in China and a member of Advisory Committee for Global Competence Development of Tsinghua University.
Dr. Wang is a Steering Committee Member of Paris Peace Forum and was an Advising Board Member for International Organization of Migration (IOM) of the UN. He was a Visiting Fellow at The Brookings Institution, a Senior Fellow at Harvard Kennedy School and a Senior Fellow at Asia-Pacific Foundation of Canada. He has published over 80 books in English and Chinese along with hundreds of journal articles and opinion pieces on global relations, global governance, global migration, China outbound and inbound investment and trade, Chinese Diasporas and Chinese think tanks.
He is also a frequent speaker at international events such as the World Economic Forum, Munich Security Conference, Paris Peace Forum, WTO Public Forum, Munk Debate, Berlin Foreign Policy Forum, and Milken Global Forum.
Prof. Stephen Roach is a Senior Fellow at Yale University’s Jackson Institute of Global Affairs and a Senior Lecturer at Yale’s School of Management. He was formerly Chairman of Morgan Stanley Asia and the firm’s Chief Economist for the bulk of his 30-year career at Morgan Stanley, heading up a highly regarded team of economists around the world. Mr. Roach’s current teaching and research program focuses on the impacts of Asia on the broader global economy. At Yale, he has introduced new courses for undergraduates and graduate students on the “The Next China” and “The Lessons of Japan.” His writing and research also address globalization, trade policy, the post-crisis policy architecture, and the capital markets implications of global imbalances. Stephen Roach has long been one of Wall Street’s most influential economists. His work has appeared in academic journals, books, congressional testimony and has been disseminated widely in the domestic and international media. Roach’s opinions on the global economy have been known to shape the policy debate from Beijing to Washington. His latest book, Unbalanced: The Codependency of America and China (Yale University Press, Jan. 2014) examines the risks and opportunities of what is likely to be the world’s most important economic relationship of the 21st century. His 2009 book, The Next Asia: Opportunities and Challenges for a New Globalization (Wiley), analyzes Asia’s economic imbalances and the dangers of the region’s excess dependence on overextended Western consumers. Prior to joining Morgan Stanley in 1982, Mr. Roach served on the research staff of the Federal Reserve Board and was also a research fellow at the Brookings Institution. He holds a Ph.D. in economics from New York University. Mr. Roach is a member of the Council on Foreign Relations, the Investment Committee of the Metropolitan Museum of Art, the China Advisory Board of the Environmental Defense Fund, and the Economics Advisory Board of the University of Wisconsin.
