China in Transition: Challenges and Opportunities
In February Buck Pei, professor of accountancy and associate dean of Asia programs at the W. P. Carey School of Business at Arizona State University, delivered a lecture on “China in Transition: Challenges and Opportunities.”
“China’s rise to become a global economic power in just three decades has been amazing – one of the most transformative of our time,” Pei said. “But today China faces enormous challenges, and overcoming those challenges will be critical to continued economic growth.”
Will China succeed? “China can confront and resolve its challenges then continue to grow, and with it, expand the global economy. Or it may collapse under the weight of its own domestic challenges.” Yet the same factors that propelled China’s economy to number 2 in the world in just three decades also make it likely that the country will be able to overcome the challenges it currently faces.
China certainly has a plan to – a plan Professor Pei outlined in his talk, captured here on video by FutureofUSChinaTrade.com. Watch the videos then join the discussion below!