China's new dynamics. Go back »

2015-06-26 | Shanghai

Bart Van Ark, Chief Economist of the Conference Board, and Chen Shao, Economist at Macquarie Group, shared their insights on the new dynamics that will guide the world’s second largest economy into a new era of development.

China’s productivity crisis is a significant factor underpinning the deceleration of its economy, which in turn has contributed substantially to the global economic slowdown. The crisis has developed largely due to China’s reform agenda, which looks to move the economy towards a more sustainable model based on consumption, services and productivity that favours quality over quantity.