CREC-IEMS Eurasia Business Dialogue - Curbing capitalism: How is state capitalism in China changing?
Supporting the below United Nations Sustainable Development Goals:支持以下聯合國可持續發展目標：支持以下联合国可持续发展目标：
The China-Russia Eurasian Studies Center (CREC) is a collaborative platform jointly created by the Hong Kong University of Science and Technology (HKUST), the New Economic School (NES), and the Moscow School of Management-SKOLKOVO to study the economic prospects and links between China, Russia, and the rest of Eurasia. Together with the Institute of Emerging Market Studies (IEMS) at both HKUST and SKOLKOVO, CREC will organize the Eurasia Business Dialogue to discuss how contemporary policy and socioeconomic issues affect the business landscapes of China, Russia and Central Asia. The first of these dialogues will be held on Thursday, 20 January 2022 on the subject “Curbing capitalism: How is state-led capitalism in China changing?”.
Dean, School of Humanities and Social Science and Chair Professor of Social Science, HKUST
Chief Economist, Asian Development Bank
Professor of Public Policy
Co-Director, China, Russia and Eurasia Studies Centre, HKUST
Rector of the New Economics School
Synopsis
Recent policy and regulatory pronouncements point to significant changes in China’s business and economic landscape. While the issues that have motivated a more intrusive and interventionist Chinese state – data security and protection, social fairness and “common prosperity”, and excessive borrowing and speculation in real estate – mirror concerns elsewhere, they also raise wider questions about the trajectory of the Chinese economy and its ability to make the transition to a productivity-led, innovation-driven one. A state that encroaches more extensively into the commercial realm and the private sector also challenges conventional notions of the developmental state and state capitalism: that as the economy grows and becomes more complex, the state recedes and the market (and private actors) play an ever larger role. To what extent do recent regulatory changes and policy pronouncements represent a major shift in China’s model of state capitalism, as opposed to a mere refinement? What do they imply for the future of innovation and entrepreneurship in China, much of which was driven by private actors in recent years? And how do these various efforts to curb (the excesses of) capitalism affect China’s near and long-term growth prospects?
Speakers
Party-State Capitalism in China
Prof Kellee TSAI
Dean, School of Humanities and Social Science and Chair Professor of Social Science, HKUST
Outlook for China’s Economy and the Common Prosperity Agenda
Prof Albert PARK
Chief Economist, Asian Development Bank
China’s regulation of big tech: Implications for innovation and entrepreneurship
Prof Xun WU
Professor of Public Policy
Co-Director, China, Russia and Eurasia Studies Centre, HKUST
Comparative perspectives on China and Russia’s regulation of digital ecosystems
Prof Ruben ENIKOLOPOV
Rector of the New Economics School
Moderator
Prof Donald Low
Director, Institute for Emerging Market Studies, HKUST