China's post-covid recovery was expected to be swift and remarkable. But those watching China's economic recovery thus far are remarking more on its struggles than its surge. Having become accustomed to China as a large and reliable source of growth, many firms and investors are wondering how to make sense of China's economic outlook moving forward. What are the most consequential issues for China's economy - the property sector slowdown, local government debt, youth unemployment, slowing FDI, lacklustre consumption and low consumer confidence, demographics and productivity challenges, or simply a changing growth story? And what tools might the government deploy in the final quarter of the year to improve China's trajectory and address some of the structural challenges facing the economy? Dr Ting Lu, Managing Director and Chief China Economist at Nomura, has cautioned since reopening that reviving China's economy will be a challenge. Dr Dan Wang, Chief Economist at Hang Seng Bank China, has similarly noted that the way China's economy is managed means that we will not see a quick fix for current issues. Looking at both the immediate situation and considering the long-term, we are delighted to have them join us to share their perspectives.
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Chief China Economist and Managing Director of Nomura
Ting Lu joined Nomura in 2018 as Chief China Economist and managing director. In 2015-18 he served as the Chief Economist and Head of Research and Sales at Huatai Securities. Previously he worked at Bank of America-Merrill Lynch as Managing Director and Head of Greater China Economics.
As an economist Dr. Lu has been top ranked in many surveys, including No.1 in All-Asia Institutional Investor Surveys in 2013, 2014 and 2015. He was recently ranked as the most accurate forecaster by “Consensus Economics”.
Dr. Lu holds BA and MA in Economics from Peking University, and Ph.D. in Economics from the University of California, Berkeley. He’s a CFA Charter holder, a vice chairman of China Finance Association in Hong Kong and a member of CF40.
Dr Dan Wang is the chief economist at Hang Seng Bank China, based in Shanghai. Dan holds a PhD in economics from the University of Washington, with a focus in macroeconomics, environmental economics and econometrics. Her postdoc was with the Chinese Academy of Sciences in agriculture. She's regularly quoted in international media and write columns for several media, including FT China and Pengpai (the Paper). Before joining Hang Seng Bank, Dan was previously an analyst at the Economist Intelligence Unit.
China Director of The Economist Intelligence Corporate Network
Mattie Bekink is responsible for the Economist Intelligence Corporate Network’s China strategy, including programme development and client engagement across China.
Ms Bekink has extensive experience in the public, private and policy sectors. Prior to joining The Economist Group, she was the Executive Director of the Fulbright Commission in the Netherlands. She also ran an eponymous consulting business, advising businesses, universities and non-profit organisations on China policy, strategy, public affairs, and CSR. Ms Bekink practiced law at Skadden, Arps, Slate, Meagher & Flom LLP, has worked with the US-Asia Law Initiative at NYU Law School and the American Bar Association Rule of Law Initiative China Program, and served in the legal department at General Motors China.
Ms Bekink has a BA in International Relations from Stanford University and a JD from the Georgetown University Law Center.