Volatility in supply-chain disruptions in and around China is bound to appear in the coming months as the country will likely maintain its targeted zero-Covid
SIEPR Economic Summit highlights policy challenges — and solutions — from the pandemic stanford.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stanford.edu Daily Mail and Mail on Sunday newspapers.
About this Episode
Shaun Roache, Chief Asia-Pacific Economist at S&P Global Ratings, joins the Essential Podcast to explain the rapid changes taking place in China today and share his optimistic perspective on the country s future.
The Essential Podcast from S&P Global is dedicated to sharing essential intelligence with those working in and affected by financial markets. Host Nathan Hunt focuses on those issues of immediate importance to global financial markets – macroeconomic trends, the credit cycle, climate risk, energy transition, and global trade – in interviews with subject matter experts from around the world.
Show Notes
Asia-Pacific is managing the pandemic well. The health and economic effects have been far tamer in the region than elsewhere in the world. However, S&P Global Ratings believes the region s slack domestic demand and reliance on exports could restrain its recovery and inflame trade tension with the West. Read Shaun s latest economic research, published
Xu Han December 11, 2020 09:19
At the United Nations General Assembly this September, Chinese President Xi Jinping announced that China aims to achieve carbon neutrality by 2060. Given that China has been the planet’s single-largest source of global carbon dioxide emissions in recent years – accounting for about 30% – decarbonization there could contribute substantially to the global effort to mitigate climate change.
China, of course, will have to rebalance its economy. Among other things, that means shifting from manufacturing to services, from capital-intensive to innovation-led activity, from exports to domestic demand, and from investment to consumption. All of these changes are mutually reinforcing, such that delivering on one facilitates progress on the others.