Red Flags?: the Economic Challenges Facing China

Red Flags?: the Economic Challenges Facing China

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China has seen an extraordinary economic transformation over the past four decades. But major questions are being asked, both inside China and outside, about the need for change, and about the transition to a more sustainable model for the coming decades. Premier Li Keqiang said earlier this year that 2019 is a ‘crucial year’ for the Chinese economy.

'Is China's growth model sustainable?' is probably one of the most important questions asked about not just China itself, but also in relation to the consequences  for Asia and for the global economic system of the path China takes. In this presentation, George Magnus will consider China's prospects and their  global implications through two lenses. One focuses on four potential domestic traps that are seen as at the centre of current decision-making:  debt,  the Yuan, a rapidly  ageing population, and the middle income trap. The second features China's economic engagement with the US and rest of the world through its trade and investment relationships, and through the Belt and Road initiative. 

About the speaker
George Magnus is an independent economist and commentator, and Research Associate at the China Centre, Oxford University, and at SOAS, London. He writes and broadcasts regularly in leading media outlets, and his written work can be found at

George was the Chief Economist, and then Senior Economic Adviser at UBS Investment Bank from 1995-2016. He previously worked as the Chief Economist at SG Warburg and before that at Bank of America in London and San Francisco.

George’s current book, Red Flags: why Xi’s China is in Jeopardy was published in September 2018 and a paperback edition with a new preface is expected in the autumn. His earlier books are The Age of Aging, and Uprising: will emerging markets shape or shake the world economy?


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  • Reservations in advance are required. Please consider your booking confirmed unless notified otherwise.
  • Cancellations must be made in writing 24 hours prior to the event. No shows will be charged.
  • This event is closed to the media.
  • The event will be cancelled if the No.8 Typhoon signal or the Black Rain Storm warning is in force.
  • By attending this event, you agree to be photographed and/or filmed and give permission to use your likeness in promotional and/or marketing materials.
  • For further information please email
  • Please make cheques payable to: "The British Chamber of Commerce in Hong Kong" & send it to Room 1201 Emperor Group Centre, 288 Hennessy Road, Hong Kong
6/3/2019 6:00 PM - 7:30 PM
Financial Times, 59/F The Center, 99 Queen's Road Central
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