China’s economy in the face of a trade war

Virtual roundtableAsiaEconomic and Monetary Policy Institute
Tue 03 Jun 202513:00 - 14:00

In the light of the US-China trade war, Kai Guo, executive president and senior fellow at the CF40 Institute, and Qiyuan Xu, senior fellow and deputy director of the Institute of World Economics and Politics, Chinese Academy of Social Sciences, join Mark Sobel, OMFIF’s US chair. They discuss the outlook for China’s economy, including the likely policy response by President Xi Jinping and the People’s Bank of China. The discussion also covers growth prospects, expectations for the renminbi and China’s role in the global economy.

Speakers

Kai Guo

Executive President and senior fellow

China Finance 40 forum

Kai Guo

Executive President and senior fellow

China Finance 40 forum

Kai Guo is executive president and senior fellow of CF40 Institute. Before joining CF40 Institute, he was an economist at the International Monetary Fund and then worked at the People’s Bank of China in various capacities, including in the monetary policy and international departments. His main research areas include the Chinese economy and its macroeconomic policies as well as international finance.

Mark Sobel

Vice Chair and Chief Economist

OMFIF

Mark Sobel

Vice Chair and Chief Economist

OMFIF

Mark Sobel is Chief Economist and Vice Chair at OMFIF. Mark is a veteran US Treasury official, who was at the forefront of international financial diplomacy for two decades.

Mark, who represented the US on the International Monetary Fund executive board up to April 2018, has had a 40-year Treasury career with extensive around-the-world engagement.

He works with OMFIF in dealings with private and public sector organisations, speak regularly on international and US policy, and provide OMFIF members with insight and analysis.

Mark was Treasury Deputy Assistant Secretary for international monetary and financial policy between 2000 and early 2015. He helped lead Treasury preparations for G7 and G20 finance minister and central bank governor meetings, formulated US positions at the IMF, and coordinated Treasury and regulatory agencies’ work in the Financial Stability Board.

Mark founded the US/EU Financial Market Regulatory Dialogue and chaired an international group of private and official sovereign debt experts that developed enhanced collective action clauses for sovereign debt restructuring. He managed the $100bn-plus Treasury Exchange Stabilization Fund and played a key role in US foreign exchange policy including coordinating the Treasury’s semi-annual foreign exchange report on China and other countries.

Qiyuan Xu

Senior Fellow & Deputy Director of the Institute of World Economics and Politics

Chinese Academy of Social Sciences

Qiyuan Xu

Senior Fellow & Deputy Director of the Institute of World Economics and Politics

Chinese Academy of Social Sciences

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