Lecture: From Boom to Bubble? Impacts of China’s macro policies
in 2010 Shanghai Information Session
For Tsinghua-INSEAD Dual Degree EMBA Programme
At the information session , Dr. Ruipeng DI , Associate Director of EMBA Programme, Tsinghua SEM will share with you the distinctive features of the Dual Degree EMBA Programme jointly run by the School of Economics and Management , Tsinghua University and INSEAD.This will be followed by a lecture by Mr. Sitao Xu, Chief Representative of the Economist Group in China and Director of Advisory Services for the Economist Intelligence Unit—
China’s highly-touted stimulus package is credited with bringing China’s GDP back within shooting range of its 2009 target , and for keeping the economy on track.But there have been side-effects which are now coming to light, in the form of asset inflation and a delay of industry rationalization. For instance, accommodative monetary policies have enabled real estate to continue as a pillar sector driving domestic demand and fiscal revenues, but now, with mounting signs of speculation , it’s showing signs of being a bubble. And the reassertion of state control is delaying needed shake-outs in key industries such as steel and real estate. The price will be paid in the years to come.
Has asset inflation in China reached dangerous level? Could China turn into Japan two decades ago? If Beijing decides to cool down the property market, what tools might it use ? What can China learn from the countries and economies which have experienced economic dislocation after bubbles burst? Should and will China revalue the RMB in response to the build-up of external pressures? If China steps up efforts to diversify consumers’ investment universe (options), as a way to take heat off asset prices, what would be the impacts regionally and globally?
Welcome to the information session!
² Time: 18:30pm-21:00pm, 11th Nov. 2009 (Wed.)
² Venue: Function Room 9+10, 5th Floor, JW Marriott Shanghai
Add: 399 Nanjing West Road, Shanghai
(Tel: 86-21-5359 4969)
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Time
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Activity
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Speakers
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18：30-19：00
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Registration
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19：00-19：45
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Introduction to the Tsinghua-INSEAD Dual Degree EMBA Programme
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Dr. Ruipeng DI, Associate Director of EMBA Programme, Tsinghua SEM
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19：45-20：45
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Lecture: From Boom to Bubble? Impacts of China’s macro policies in 2010
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Mr. Sitao Xu, Chief Representative of the Economist Group in China and Director of Advisory Services for the Economist Intelligence Unit.
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Mr. Sitao Xu, is Chief Representative of the Economist Group in China and Director of Advisory Services for the Economist Intelligence Unit, responsible for program and development and services for China. A trained economist , he also provides research and analysis on China for the Economist Corporate Network programs across Asia.
Previously, Mr. Xu was the Head of Economics, based in Hong Kong, for ICBC (Asia), the international flagship of China’s largest bank. Prior to that, he was the Regional Treasury Economist for Standard Chartered Bank followed by Chief Economist for Asia (ex-Japan) for Societe Generale . He began his career as an economist for Indonesia , Korea , and Thailand for MMS International of Standard and Poor’s Group, based in Singapore in 1995.
He has been a columnist for Caijing and 21st Century , China’s leading business publications and contributes frequently to leading regional and international publications, such as the Asian Wall Street Journal and Financial Times. He appears regularly on CNBC, Bloomberg, and other news shows, and also delivers numerous talks to corporate audiences , institutional investors, and boards interested in understanding China’s rapidly changing economy. Mr. Xu holds a B.A. in Economics from Peking University , an M.A. in Economics from the University of Connecticut , and a M.S. in Finance from Boston College.
Tsinghua-INSEAD Dual Degree EMBA
Ø Dual degree:The program will be sanctioned by a dual degree granted on the basis of courses grading and thesis defense.
Ø Excellent & dedicated faculty: Our faculty is composed of a mix of western and eastern world’s leading academics. They are not simply world experts in modern management techniques and entrepreneurial studies, but also expert at passing on their skills.
Ø International perspective: Each EMBA participant brings a unique culture , mindset and an international outlook . Each is eager to share best practices with people from other cultures and other industries . Blending this multiculturalism with the open-minded approach of our international faculty , and an exciting learning environment is created.
Ø Two alumni networks: Upon successful completion of the programme, you will not only be awarded two prestigious degrees from Tsinghua University and INSEAD, but will also become an alumnus of the two esteemed schools , securing an exceptional opportunity to build a lifelong professional network spanning many continents.
Ø China. Singapore. France: The 18-month Tsinghua-INSEAD EMBA is challenging and intense. Learning and doing blend together in a fast-paced, highly charged, and exhilarating environment. You will balance your professional and personal responsibilities with on-campus studies in China, Singapore and France.
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