One of the highlights of my time at Johnson & Johnson was working with the terrific Consumer Group teams in the “emerging markets,” including our wonderful and talented colleagues in China. So last Friday, I was pleased to attend a fascinating conference “Escalating Risks: China’s Economy, Society and Financial System” at Princeton University’s Julis-Rabinowitz Center for Public Policy and Finance. All the speakers provided insightful—and sometimes conflicting—perspectives on China.
I particularly enjoyed the keynote address by Dr. Nicholas Lardy “Is a Resurgent Party/State Dragging Down China’s Growth?” Dr. Lardy took an in-depth look at private investment and its relation to China’s economic growth. From his presentation, one could conclude that private investment has been a major catalyst in China’s economic growth, and that the slowing of private investment could negatively affect China’s medium-term growth and financial stability. You can take a closer look at Dr. Lardy’s findings here.
This was the sixth annual Julis-Rabinowitz Center for Public Policy Conference. You can learn more about the center at: jrc.princeton.edu.