Economic conditions in China are generally showing improvement thanks to the aggressive stimulus response of the Chinese government. In recent months, the internal economy has demonstrated surprising resilience despite continued weakness in the export sector. The inland regions of China have been relatively sheltered from the global slowdown, with demand from second and third-tier cities bolstering the property, retail and auto sectors.
The European Chamber of Commerce in China and AmCham-China invite you to a luncheon briefing by Jing Ulrich, Managing Director and chairwoman of China Equities at J.P. Morgan(view bio). Ms. Ulrich will share her views on the sustainability of China’s economic recovery and will also discuss:
- China’s appetite for natural resources has returned to buoyant levels, as reflected in surging imports of iron ore, copper, oil, coal and other raw materials. What dynamics are driving these commodity imports and what is the trajectory of end demand?
- After a strong rebound in housing transaction volumes, some developers have begun to raise prices after clearing substantial inventory. Is the worst now over for China’s property market?
- Chinese banks, the primary source of financing for China’s stimulus program, saw their asset quality improve during the first quarter of 2009 even as new lending surged to record levels. Will China’s banking sector escape the asset quality problems that arose after the Asian financial crisis?
- Chinese shares are up sharply this year, despite an uncertain outlook for earnings. Is the recovery now priced in and where are the brightest spots in China’s corporate landscape?
Agenda
11:30am -12:00pm Registration
12:00pm -12:45pm Lunch
12:45pm - 1:30pm Presentation
1:30pm - 2:00pm Q&A
Event Terms & Conditions
Please be advised that the media is normally allowed to attend all EUCCC public events unless otherwise stated, on the condition that no one attending these events quotes participants by name (the “Chatham House Rule”).
Please register before 2:00pm on Thuesday, 26th May, 2009. Please note that we will send you a registration confirmation. We require 24 hours notice for cancellations, no-shows who fail to cancel before this time will be invoiced for the event. Registrations done after the deadline will be accepted only if space permits and are charged an additional 50 RMB walk-in fee.
Please note that registration starts at 11:30 and the lunch starts at 12:00. Fees will be collected in cash at the entrance.