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Heather Rahimi
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On February 26, 2025 the Stanford Center on China’s Economy and Institutions hosted a discussion on the role of industrial policy in U.S.-China competition, featuring insights from Skyline Scholars Loren Brandt from the University of Toronto and Xiaonian Xu from the China Europe International Business School, as well as Senior Fellow Mary Lovely from the Peterson Institute for International Economics. The panelists examined the historical context, current trends, and future implications of China’s economic strategy and its impact on global trade.

Before moving to a question and answer session moderated by SCCEI Co-Director Scott Rozelle, each panelist shared their insights on the topic through short-form presentations.



China’s Growth: From Industrialization to Innovation
Panelists highlighted the transformation of China’s economy, characterizing its past expansion as a result of rapid industrialization rather than a so-called "economic miracle." They described China’s growth in two stages: an initial phase driven by market expansion and a later phase, emerging after 2008, where state-led stimulus measures played a dominant role.

It was noted that China’s post-industrialization period has led to economic stagnation, as capital accumulation peaked in 2005, leaving excess capacity in key sectors. With investment-driven growth slowing, experts emphasized the need for a shift toward innovation. However, this transition requires structural changes, including stronger rule of law, well-functioning markets, and better incentives for entrepreneurship. While China excels in commercialization, it still lags behind other leading economies in basic and applied research, critical components for sustained innovation.

While China excels in commercialization, it still lags behind other leading economies in basic and applied research, critical components for sustained innovation.

China’s Industrial Dominance: Successes and Costs
The discussion also analyzed China’s dominance in industries such as lithium batteries, electric vehicles, solar panels, and shipbuilding. The country’s success in these sectors was attributed to industrial policies that strategically direct state resources into key industries. However, these policies come with economic inefficiencies, including excessive production capacity and stagnating productivity growth.

While China’s industrial policies aim to reduce reliance on foreign technology and foster indigenous innovation, they have also led to concerns about global trade imbalances. For instance, China’s trade surplus in manufactured goods now significantly surpasses that of historical export champions Germany and Japan, disrupting global markets. Despite substantial investments in research and development, overall productivity growth has slowed, raising questions about the long-term viability of its industrial policies.

Despite substantial investments in research and development, overall productivity growth has slowed, raising questions about the long-term viability of its industrial policies.

Trade Tensions and U.S. Policy Responses
The panelists also explored how China’s development model has triggered trade tensions with the U.S. and other nations. They noted that industrial subsidies, state ownership, forced technology transfers, and non-tariff barriers have led to accusations of unfair trade practices. In response, the U.S. has imposed tariffs, blocked WTO dispute resolution mechanisms, and debated revisions to trade agreements, including the Phase 1 trade deal.

Some participants suggested that while U.S.-China relations remain contentious, future shifts in U.S. foreign policy—such as improved U.S.-Russia ties under the new Trump administration—could influence the direction of trade negotiations with China. However, national security concerns and economic competition in emerging sectors like AI and clean energy will likely keep tensions high.

Looking Ahead
The discussion collectively emphasized that China’s economy will face significant challenges if it doesn’t move from an investment-driven approach to one centered on innovation. While China continues to exert influence in key industries, questions remain about its ability to sustain long-term growth without addressing underlying inefficiencies. Meanwhile, U.S. trade policies will play a crucial role in shaping the future of global economic competition.

The event underscored the complexity of U.S.-China economic relations, with industrial policy at the heart of the debate. As both countries navigate these challenges, the global economy will continue to feel the ripple effects of their evolving competition.

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During this SCCEI event, expert panelists Xiaonian Xu, Loren Brandt, and Mary Lovely shared insights on the historical context, current trends, and future implications of China’s economic strategy and its impact on global trade.

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SCCEI China Conference 2025 on China and The Changing Global Economy on May 14, 2025.

 

The Stanford Center on China's Economy and Institution's (SCCEI) annual China Conference brings together leading voices from policy, business, and academia to examine key economic trends in China and their implications for the world.

This year's conference will examine China's role in a changing global economy. Panels of experts from Stanford and around the world will take a deep dive into China’s evolving economic ambitions and self-perception on the global stage, assess the roles of state and private enterprises in advancing China’s goals, and analyze the impacts on global trade, finance, and institutions.



We are finalizing an outstanding lineup of speakers from academia, industry, and policy communities. Updates will be posted here as confirmed. 

*Schedule is subject to change  

Location: 

Bechtel Conference Center
Encina Hall
616 Jane Stanford Way, Stanford University



9:00 AM - 9:30 AM  Registration & Light Breakfast

9:30 AM - 9:45 AM  Welcome & Opening Remarks


Scott Rozelle 
Faculty Co-director of the Stanford Center on China's Economy and Institutions
Helen F. Farnsworth Endowed Professorship; Senior Fellow at the Freeman Spogli Institute for International Studies and at the Stanford Institute for Economic Policy Research
Stanford University


9:45 AM - 10:30 AM  Morning Fireside Chat


Elizabeth Economy
Hargrove Senior Fellow, Hoover Institution
Stanford University  

Moderator:
Hongbin Li 
Faculty Co-director of the Stanford Center on China's Economy and Institutions 
The James Liang Endowed Chair; Senior Fellow at the Freeman Spogli Institute for International Studies and at the Stanford Institute for Economic Policy Research
Stanford University
 

10:30 AM - 11:00 AM  Break
 
11:00 AM - 12:00 PM  Session 1 | The View from Beijing: China's Economic Ambitions in a Changing World


Session Panelists:
Gangsheng Bao 
Professor of Political Science, Fudan University
Skyline Scholar, Stanford Center on China’s Economy and Institutions

Jonathan Czin
Michael H. Armacost Chair in Foreign Policy Studies, John L. Thornton China Center
Brookings Institute

Stephen Kotkin
Senior Fellow, Freeman Spogli Institute for International Studies; 
Kleinheinz Senior Fellow, Hoover Institution
Stanford University

Moderator:
Ruixue Jia
Professor of Economics, School of Global Policy and Strategy
University of California San Diego
 

12:00 PM - 1:00 PM  Lunch
 
1:00 PM - 2:00 PM  Session 2 | China Inc.: The Role of State and Private Enterprises in Fulfilling China's Ambitions


Session Panelists:
Nan Jia
Professor of Management and Organization
University of Southern California

Arthur Kroeber
Founding Partner
Gavekal Dragonomics

Dan Wang
Research Fellow, Hoover Institution
Stanford University

Moderator:
Zhiguo He
James Irvin Miller Professor of Finance, Stanford Graduate School of Business; Faculty Affiliate, Stanford Center on China’s Economy and Institutions, 
Stanford University
 

2:00 PM - 2:30 PM  Break

2:30 PM - 3:15 PM  Afternoon Keynote


Sean Stein
President, U.S.-China Business Council

Moderator: 
Scott Rozelle 
Faculty Co-director of the Stanford Center on China's Economy and Institutions
Stanford University
 

3:15 PM - 3:45 PM  Break

3:45 PM – 4:45 PM  Session 3 | China in the Global Economy: Disruptor, Competitor, Partner?


Session Panelists:
Deborah Brautigam
Director of the China Africa Research Initiative; Bernard L. Schwartz Professor of Political Economy Emerita
Johns Hopkins University

Kyle Chan
Postdoctoral Research Associate and Lecturer in Sociology
Princeton University

Ramin Toloui
Distinguished Policy Fellow, Stanford Institute for Economic Policy Research
Stanford University

Moderator:
Shaoda Wang
Skyline Scholar, Stanford Center on China's Economy and Institutions, Stanford University; Assistant Professor, Harris School of Public Policy, University of Chicago

 

4:45 PM - 5:00 PM  Closing Remarks


Hongbin Li 
Faculty Co-director of the Stanford Center on China's Economy and Institutions 
Stanford University


5:00 PM - 6:00 PM  Reception in the Courtyard



Questions? Contact scceichinaconference@stanford.edu 

 


Bechtel Conference Center
Encina Hall
616 Jane Stanford Way, Stanford University

This event is by invitation only.

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Skyline Scholar (2025), Stanford Center on China's Economy and Institutions
Professor of Economics, Noranda Chair in Economics and International Trade, University of Toronto
Research Fellow, IZA
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Loren Brandt is the Noranda Chair Professor of Economics at the University of Toronto specializing in the Chinese economy. He is also a research fellow at the IZA (The Institute for the Study of Labor) in Bonn, Germany. He has published widely on the Chinese economy in leading economic journals and been involved in extensive household and enterprise survey work in both China and Vietnam. With Thomas Rawski, he completed Policy, Regulation, and Innovation in China’s Electricity and Telecom Industries (Cambridge University Press, 2019), an interdisciplinary effort analyzing the effect of government policy on the power and telecom sectors in China. He was also co-editor and major contributor to China’s Great Economic Transformation (Cambridge University Press, 2008), which provides an integrated analysis of China’s unexpected economic boom of the past three decades. Brandt was also one of the area editors for Oxford University Press’ five-volume Encyclopedia of Economic History (2003). His current research focuses on issues of entrepreneurship and firm dynamics, industrial policy and innovation and  economic growth and structural change.

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A growing body of literature explores the effect of higher education on the urban–rural divide in China. Despite an increasing number of rural students gaining access to college, little is known about their performance in college or their job prospects after graduation. Using nationally representative data from over 40,000 urban and rural college students, we examine rural students’ college performance and estimate the impact of rural status on students’ first job wages in comparison to their urban peers. Our results indicate that once accepted into college, rural students perform equally as well, if not better, than their urban counterparts. Additionally, we discovered that rural students earn a 6.2 per cent wage premium compared to their urban counterparts in their first job after graduation. Our findings suggest the importance of expanding access to higher education for rural students, as it appears to serve as an equalizer between urban and rural students despite their significantly different backgrounds.

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The China Quarterly
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Huan Wang
Claire Cousineau
Matthew Boswell
Hongbin Li
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Against the backdrop of China’s post-1978 economic transformation, recent challenges such as COVID-19 have prompted speculations about rising popular pessimism regarding current inequalities and opportunities to get ahead. This study compares findings from three new nationally representative surveys conducted in 2023 with three earlier surveys from 2004, 2009, and 2014. Results reveal a significant attitudinal shift, with 2023 respondents expressing markedly more critical views about the fairness of current inequality patterns. Respondents in the 2023 surveys increasingly attribute poverty versus wealth to structural factors like unequal opportunities rather than to variations in individual merit. Respondents also reported lower expectations for future income growth compared with the earlier surveys. While not indicating imminent threats to political stability, such trends suggest that China’s leaders will likely face increasing skepticism and even critical popular responses as they try to mobilize their citizens to confront the serious challenges that China faces in coming years.

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The China Journal
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Scott Rozelle
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The event will be webcast live from this page.

In this online event, set for November 19, 6:30-7:30 am US PT, the Stanford Center on China’s Economy and Institutions (SCCEI) and the CSIS Trustee Chair in Chinese Business and Economics are releasing a new Big Data China feature that reviews recent literature evaluating the successes and failures of industrial policy in China and the conditions that shaped policy outcomes.

Trustee Chair Deputy Director Ilaria Mazzocco will moderate a discussion among experts on industrial policy in China today and its implications for the Chinese economy, global trade, and how policymakers in other countries should respond. Panelists will include Lee Branstetter (Carnegie Mellon University), Panle Jia Barwick (UW-Madison), Chloé Papazian (OECD), and Gerard DiPippo (Bloomberg Economics).  

FEATURING

Panle Jia Barwick
Todd E. and Elizabeth H. Warnock Distinguished Chair and Professor, Department of Economics, University of Wisconsin-Madison
Ilaria Mazzocco
Senior Fellow, Trustee Chair in Chinese Business and Economics
Lee Branstetter
James Walton Professor of Economics and Public Policy, Heinz College, Carnegie Mellon University
Gerard DiPippo
Senior Geo-Economics Analyst, Bloomberg Economics
Chloé Papazian
Trade Policy Analyst, Trade and Agriculture Directorate, OECD
 

EVENT PARTNERS
 

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Panle Jia Barwick
Lee Branstetter
Gerard DiPippo
Ilaria Mazzocco
Chloé Papazian
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China’s economy registered an average annual growth of 9.5% from the start of reforms in 1978 until 2019. Throughout this period, economic performance was a key indicator of China’s success and served as a critical pillar of the Chinese Communist Party’s legitimacy. Over the past five years, however, China’s leadership has taken an ideological turn under Xi Jinping, and economic growth has no longer been a top priority.

To examine the myriad factors behind China’s recent economic slowdown and, more importantly, consider where China might be headed, the Stanford Center on China’s Economy and Institutions and Asia Society Policy Institute’s Center for China Analysis co-organized the fourth in their series of closed-door roundtables. Held in April 2024 and conducted under the Chatham House Rule, the roundtable brought together leading experts on the Chinese economy for a discussion focused on the following questions:

  1. What is the mix of determinants — cyclical, structural, and political — for slower economic growth in China?
  2. How much can China’s recent economic woes be attributed to Beijing’s own policy mistakes, and how much to tensions between China’s hybrid Leninist political regime and the dynamism of a market economy?
  3. What are the potential political, social, and geopolitical consequences of the slowdown?
  4. If the slowdown continues, or even worsens, could the leadership’s priorities shift? If so, what policy measures or structural reforms might reverse the slowdown and preempt some of the broader consequences?
     

In partnership with Asia Society Policy Institute's Center for China Analysis

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Experts Convene Roundtable to Discuss China’s Industrial Policy

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The Stanford Center on China’s Economy and Institutions and Asia Society Policy Institute’s Center for China Analysis co-organized a closed-door roundtable on China's recent economic slowdown and produced summary report of the discussion.

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The event will be webcast live from this page.

This online event, set for July 8,  7:00-8:00 am US PT, highlights new research on a significant shift in popular sentiment in China regarding the causes of economic inequality. The Stanford Center on China’s Economy and Institutions (SCCEI) and the CSIS Trustee Chair in Chinese Business and Economics are releasing a new Big Data China feature explaining growing popular angst in China about the sources of their own economic success or setbacks, and the implications for confidence in China's economy and economic governance for policymakers in China and the rest of the world. Professors Scott Rozelle of Stanford SCCEI and Martin Whyte of Harvard University will discuss their new survey research demonstrating that the Chinese populace increasingly attribute inequality to the economic system rather than individual ability.

Trustee Chair Scott Kennedy will moderate the discussion of this research, followed by a conversation on the implications for the Chinese economy and U.S. policymakers. Panelists will include Ilaria Mazzocco (CSIS Trustee Chair), Elizabeth Perry (Harvard University), Jessica C. Teets (Middlebury College), and Qin Gao (Columbia University). 

FEATURING

Qin Gao
Director, China Center for Social Policy, Columbia University
Scott Kennedy 
Senior Adviser and Trustee Chair in Chinese Business and Economics
Ilaria Mazzocco
Senior Fellow, Trustee Chair in Chinese Business and Economics
Elizabeth Perry
Henry Rosovsky Professor of Government, Harvard University
Scott Rozelle
Co-director, Stanford Center on China's Economy and Institutions
Jessica Teets
Professor of Political Science, Middlebury College
Martin Whyte
John Zwaanstra Professor of International Studies and Sociology, Emeritus, Harvard University 
 

EVENT PARTNERS
 

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Qin Gao
Scott Kennedy
Ilaria Mazzocco
Elizabeth Perry

Encina Hall East, E404
Stanford, CA 94305-6055

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Faculty Co-director of the Stanford Center on China's Economy and Institutions
Helen F. Farnsworth Endowed Professorship
Senior Fellow at the Freeman Spogli Institute for International Studies
Senior Fellow at the Stanford Institute for Economic Policy Research
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Scott Rozelle is the Helen F. Farnsworth Senior Fellow and the co-director of Stanford Center on China's Economy and Institutions in the Freeman Spogli Institute for International Studies and Stanford Institute for Economic Policy Research at Stanford University. He received his BS from the University of California, Berkeley, and his MS and PhD from Cornell University. Previously, Rozelle was a professor at the University of California, Davis and an assistant professor in Stanford’s Food Research Institute and department of economics. He currently is a member of several organizations, including the American Economics Association, the International Association for Agricultural Economists, and the Association for Asian Studies. Rozelle also serves on the editorial boards of Economic Development and Cultural Change, Agricultural Economics, the Australian Journal of Agricultural and Resource Economics, and the China Economic Review.

His research focuses almost exclusively on China and is concerned with: agricultural policy, including the supply, demand, and trade in agricultural projects; the emergence and evolution of markets and other economic institutions in the transition process and their implications for equity and efficiency; and the economics of poverty and inequality, with an emphasis on rural education, health and nutrition.

Rozelle's papers have been published in top academic journals, including Science, Nature, American Economic Review, and the Journal of Economic Literature. His book, Invisible China: How the Urban-Rural Divide Threatens China’s Rise, was published in 2020 by The University of Chicago Press. He is fluent in Chinese and has established a research program in which he has close working ties with several Chinese collaborators and policymakers. For the past 20 years, Rozelle has been the chair of the International Advisory Board of the Center for Chinese Agricultural Policy; a co-director of the University of California's Agricultural Issues Center; and a member of Stanford's Walter H. Shorenstein Asia-Pacific Research Center and the Center on Food Security and the Environment.

In recognition of his outstanding achievements, Rozelle has received numerous honors and awards, including the Friendship Award in 2008, the highest award given to a non-Chinese by the Premier; and the National Science and Technology Collaboration Award in 2009 for scientific achievement in collaborative research.

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Jessica Teets
Martin Whyte
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Where is China’s economy headed and what are the implications for the rest of the world? More than 20 expert panelists weighed in over two days of discussions during the inaugural Stanford China Conference, hosted by the Stanford Center on China’s Economy and Institutions.

The invite-only event aimed to bring empirical scholarship on China from the quantitative social sciences to the forefront of debates about China and U.S.-China relations. Over the course of the conference, panelists engaged in a lively, off-the-record exchange with an audience of scholars and students from across campus as well as experts and business leaders from Silicon Valley. 

Panel session during the SCCEI China Conference.
The conference convened over 100 people from within academia, business, and policy making. Panelists shared data-driven research to help decode the nuanced impacts of policy changes, technological advancements, demographic trends, and more.

Economic Growth is No Longer China’s Top Priority

A panel of economists from the U.S. and China agreed that China's economy is at a structural turning point where economic growth is no longer the primary objective of the government. Instead, the new focus appears to be on building a modern industrial system that prioritizes state-owned enterprises (SOEs) and state entities over the private sector whose dynamism has fueled past decades of growth.

Panelists agreed that in this new context, policymaking will be more important than ever. But the evidence suggests China’s government is abandoning its former tolerance for policy experimentation at the local level and embracing centrally formulated “moonshot” objectives driven by the state. Meanwhile, policies seeking to drive domestic consumption appear to be taking a back seat, as cautious households protect their savings and wrestle with losses in the troubled property sector.

Further complicating the picture are cash-strapped local governments. Provinces and municipalities that once financed themselves with land sales face severe fiscal strain in the wake of China’s property bust, with debts near 100% of GDP. One panelist shared analysis showing some cities face debts exceeding 800% of their annual budgets, underfunded pension systems, and reductions in civil servant benefits of up to 30%.

Genuine GDP growth on the order of 5% per year could help China grow out of its problems but no panelist was able to say with confidence what sectors could replace the property sector in driving that level of growth. While the panelists agreed we may not be at “peak China,” the country’s leadership is taking a major gamble by empowering the state sector and doubling down on manufacturing, while doing little to reassure private business and households. 

The Evolving View from Europe

China’s apparent aim to export its way out of trouble has caused a fundamental shift in Europe’s approach to the country, according to panelists from Germany and France. In response to a flood of commodity and green tech imports, the panelists point out that Europe has steadily developed and deployed policy tools like tariffs to combat the challenges posed by China’s industrial policy.

At the same time, they were careful to emphasize that Europe must also learn from China in sectors where it has surged ahead of European counterparts. One panelist deemed China “a fitness center” for foreign firms that not only draws on high levels of state support but also on a world-class pool of high-end engineers and businesses honed by the demanding Chinese consumer. Foreign firms can learn from Chinese competitors to be faster in production and take more risks. German car companies, for example, are in China not for the market, but instead to unlearn how to build traditional cars and learn how to build “mobile phones on wheels” – the electric vehicles that China’s firms lead the world in producing. 

Tech Competition with the U.S. Heats Up, Fueling Unintended Consequences

Panelists from Silicon Valley and U.S. business groups highlighted the U.S. government’s multiplying efforts to hem in China’s tech ambitions through use of export controls on advanced semiconductors, onshoring with the CHIPS act, and impending controls on outbound investments, artificial intelligence, cloud services, data flows, and biotech.

They asserted that though these measures have hurt China’s tech ecosystem and exacerbated a flow of entrepreneurial talent out of China, they have also spurred a series of unintended consequences. For example, many Chinese venture capitalists have decamped to Japan and Singapore, where they comprise a new generation adept at reading China’s policies and identifying niches to found startups where American funds are barred from playing. U.S. tech controls have also induced consolidation around China’s “national champion” firms like Huawei, which has seen profits jump, while market share for American tech firms active in China like Apple have only declined.

As for generative AI, panelists asserted that China will remain persistently behind the U.S. by two to four years, partly due to lack of access to best-in-class chips and other hardware, but also because the unpredictable nature of generative AI is unpalatable to China’s leaders seeking control over politics, society, and culture. Nevertheless, China may still jump ahead in other applications of AI, like self-driving tech, advanced manufacturing, and robotics. A case in point: China’s tremendous manufacturing capacity offers abundant use cases to train AI in advanced manufacturing.

No Easy Solutions for Demographic, Labor Market Trends

A panel of economists and sociologists highlighted troubling, longer-term trends in China’s labor force. A panelist from China presented new research showing that the rapid advancement of AI is threatening China’s white-collar jobs and causing dramatic changes in the manufacturing sector, including declining skill requirements for blue-collar workers and a steady rise in unstable, short-term employment for unskilled workers. She pointed out that the proportion of China’s college graduates taking jobs in the formal sector (i.e., salaried positions with benefits) has been declining since 2013, with more women entering these roles and consequently delaying childbearing. This trend contributes to China’s precipitously declining birth rate (from 18 million children born in 2017 to just 11 million in 2021), saddling the country with an aging society for the foreseeable future. Other panelists emphasized the hundreds of millions of underemployed rural Chinese and uneven progress in China’s universal education as posing significant obstacles to sustainable growth with few easy solutions.

Grim Outlook for U.S.-China Relations

Two panels of political scientists and historians pointed out that China’s apparent shift away from the market is a feature, not a bug, of current leader Xi Jinping’s administration. They asserted that China’s economic liberalization of the 1980s, 1990s, and 2000s was never a goal in itself, but rather a means to generate the material basis required to keep the ruling regime in power. Now, decades of growth have made it possible for China’s leaders to reembrace central planning to harness “new productive forces” in the industries of the future, harden supply chains, and extend social controls. In doing so, the leadership is purposefully choosing not to empower China’s consumers and households, and instead preparing for prolonged confrontation with the U.S., no matter the long-term cost to the economy. In this era of competition, cooperation, even when desirable by either the U.S. or China, remains difficult because both sides fear openness to cooperation will be exploited as a vulnerability by the other.

Letting Data Take the Lead

The throughline of the conference was that empirical research is essential for understanding the complex dynamics of China’s economy and politics. Data-driven research helps decode the nuanced impacts of policy changes, technological advancements, demographic trends, and more. By providing a platform for interdisciplinary exchange, SCCEI aims to put empirical research at center stage to enhance understanding of China’s current trajectory and inform more robust and adaptive policy to navigate future challenges.


 
Stanford Affiliated Panelists

Paul Gregory is a Research Fellow at the Hoover Institution. He is the Cullen Professor Emeritus in the Department of Economics at the University of Houston, a Research Fellow at the German Institute for Economic Research in Berlin, and Emeritus Chair of the International Advisory Board of the Kiev School of Economics.

Zhiguo He is the James Irvin Miller Professor of Finance at the Graduate School of Business at Stanford University.

Hongbin Li is the Co-director of Stanford Center on China's Economy and Institutions, and a Senior Fellow of Stanford Institute for Economic Policy Research and the Freeman Spogli Institute for International Studies at Stanford Unviersity.

Jennifer Pan is the Sir Robert Ho Tung Professor of Chinese Studies, Professor of Communication and (by courtesy) Political Science, and a Senior Fellow at the Freeman Spogli Institute at Stanford University.

Scott Rozelle is the Co-director of Stanford Center on China's Economy and Institutions and the Helen F. Farnsworth Senior Fellow at the Freeman Spogli Institute for International Studies and Stanford Institute for Economic Policy Research at Stanford University.

Joseph Torigian is a Research Fellow at the Hoover Institution. He is an Assistant Professor at American University in Washington, a Global Fellow at the Wilson Center, and a Center Associate of the Lieberthal-Rogel Center for Chinese Studies at the University of Michigan.

Guoguang Wu is a Senior Research Scholar at the Stanford Center on China’s Economy and Institutions at Stanford University.

Chenggang Xu is a Senior Research Scholar at the Stanford Center on China's Economic and Institutions and a Visiting Fellow at the Hoover Institution at Stanford University. He is also a Visiting Professor in the Department of Finance at Imperial College London.

Yiqing Xu is an Assistant Professor of Political Science at Stanford University.

Xueguang Zhou is the Kwoh-Ting Li Professor in Economic Development, a Professor of Sociology, and a Senior Fellow at the Freeman Spogli Institute for International Studies at Stanford University.



Discover more from the inaugural SCCEI China Conference which brought together over 20 expert panelists from around the world and from across Stanford’s schools and disciplines, as well as experts and business leaders from Silicon Valley and the Bay Area to share insights on China's economic prospects. 
 


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Where is China’s economy headed and what are the implications for the rest of the world? Over 20 expert panelists weighed in over two days of discussions during the inaugural SCCEI China Conference.

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Stanford Libraries and the Stanford Center on China’s Economy and Institutions are pleased to present the 2024 Dr. Sam-Chung Hsieh Memorial Lecture featuring Bo Li who will be speaking on The Macroeconomics of Climate Change: Key Issues, Policy Responses, and International Cooperation. Senior Research Scholar Chenggang Xu will be moderating the event.

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Bo Li will be speaking on the macroeconomic impacts of climate change. He will discuss fiscal and financial policy priorities to meet Paris Agreement goals; key policy recommendations ranging from carbon taxation to scaling up climate finance; and challenges and opportunities for international cooperation on climate action.
 


About the Speaker 
 

Bo Li headhsot

Mr. Bo Li assumed the role of Deputy Managing Director at the IMF on August 23, 2021. He is responsible for the IMF’s work on about 90 countries as well as on a wide range of policy issues.

Before joining the IMF, Mr. Li worked for many years at the People’s Bank of China, most recently as Deputy Governor. He earlier headed the Monetary Policy, Monetary Policy II, and Legal and Regulation Departments, where he played an important role in the reform of state-owned banks, the drafting of China’s anti-money-laundering law, the internationalization of the renminbi, and the establishment of China’s macroprudential policy framework.

Outside of the PBoC, Mr. Li served as Vice Mayor of Chongqing—China’s largest municipality, with a population of over 30 million—where he oversaw the city’s financial-sector development, international trade, and foreign direct investment. Mr. Li was also Vice Chairman of the All-China Federation of Returned Overseas Chinese. He started his career at the New York law firm of Davis Polk & Wardwell, where he was a practicing attorney for five years.

Mr. Li holds a Ph.D. from Stanford University and an M.A. from Boston University, both in economics, as well as a J.D., magna cum laude, from Harvard Law School. He received his undergraduate education from Renmin University of China in Beijing.



The family of Dr. Sam-Chung Hsieh donated his personal archive to the Stanford Libraries' Special Collections and endowed the Dr. Sam-Chung Hsieh Memorial Lecture series to honor his legacy and to inspire future generations. Dr. Sam-Chung Hsieh (1919-2004) was former Governor of the Central Bank in Taiwan. During his tenure, he was responsible for the world's largest foreign exchange reserves, and was widely recognized for achieving stability and economic growth. In his long and distinguished career as economist and development specialist, he held key positions in multilateral institutions including the Asian Development Bank, where as founding Director, he was instrumental in advancing the green revolution and in the transformation of rural Asia. Read more about Dr. Hsieh.



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Bo Li, Deputy Managing Director at the IMF
Lectures
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