EAST ASIA WORKSHOP: POLITICS, ECONOMY & SOCIETY
“After the Deluge: Deleveraging and the challenge of cleaning up China’s debt problems”
Dinny McMahon, Paulson Institute
Oct 17, Wed 12:00-1:30 pm
Pick Lounge, 5828 South University Ave.
Light refreshments will be provided
In the wake of the global financial crisis the pace of debt accumulation in the Chinese economy rapidly accelerated. A decade on, China’s financial authorities are now in the midst of cleaning up the waste, excess, and risk that built up in the country’s financial system as a result. This talk will look at how Beijing is approaching the clean-up, how it differs from the last time Beijing faced major debt problems, and what current efforts are trying to achieve.
About the Presenter
Dinny McMahon spent ten years as a financial journalist in China, including six years in Beijing with The Wall Street Journal, and four years with Dow Jones Newswires in Shanghai, where he also contributed to the Far Eastern Economic Review. In 2015, he left China and The Wall Street Journal to take up a fellowship at the Woodrow Wilson International Center for Scholars, a think tank in Washington DC, where he wrote China’s Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle. He is currently a fellow at MacroPolo, the Paulson Institute’s think tank, where he writes about China’s efforts to clean up its financial system.
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The East Asia Workshop is sponsored by the Council on Advanced Studies in Humanities and Social Sciences.