Hosts:     Sponor:    
     
 
Date: 6:30 - 8:30 pm January 9th, 2014
Location:Cassidy Turley 277 Park Avenue 42nd Floor New York, NY 10172
Seats Available: 20

Speaker

Dr. Mingchun Sun

 

Dr. Mingchun Sun
Chief Economist, Senior partner of Shanhai Broad Capital.
Dr. Sun joined Nomura in Oct 2008 and was the Chief China Economist and Head of China Equity Research based in Hong Kong. Prior to Nomura Dr. Sun was Senior China Economist at Lehman Brothers. In October 2007, Dr. Sun was one of the earliest who correctly forecast that Chinas economy had entered a downturn and overcapacity problem would be unmasked in 2H 2008. In December 2008, Dr. Sun was again one of the earliest who pointed out that China would be able to achieve 8% growth in 2009 with a V-shaped recovery lasting into 2010. Under Dr. Suns leadership, Nomuras China equity research team successfully won the 3rd position in the 2010 Institutional Investors All Asia Research poll C in the category of China research C up from No. 10 in 2009. Prior to joining Lehman Brothers, Dr. Sun worked for Capital One Financial from 2002 to 2004. From 1993 to 1999, Dr. Sun worked for the State Administration of Foreign Exchange with several functions including economic research and executive assistance. Dr. Sun received his Ph.D. degree in management science and engineering from Stanford University, specializing in Economics and Finance. He has a Master of Science degree in engineering-economic systems from Stanford University and a Bachelor of Economics degree from Fudan University, China. Dr. Sun serves as a member of China Finance 40 Forum, an association consisting of 40 members including top-notch Chinese researchers, senior government offcials and market practitioners in the fnancial sector. In November 2009, Dr. Sun was awarded the Economist of the Year by China Business News.

China Economic Outlook

China unveiled its official reform blueprint for the coming years at the end of the Third Plenary Session of the 18th CPC Central Committee that took place from November 9th to 12th in Beijing. The blueprint promises sweeping structural changes over the next decade with a much stronger role for market forces to allocate capital and resources in the economy. The plan includes, among other proposals, reform of fiscal policy, deregulation of interest rates, the further internationalization of the currency and further development of capital markets. With the unveiling of this plan, economists and observers all over the world are contemplating important questions: Does this mean vital structural changes are imminent in the Chinese economy? Chinese leaders have called for wide-ranging economic reforms, but do they have the capacity to implement the reforms urgently needed to tackle the challenges afflicting virtually every realm of the Chinese economy? These challenges and the policies implemented will have not only domestic effects but profound international effects as well.