James Fong
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- Milken Institute59 min
Chinas Future: The Sky Is Not Falling
Timothy Dattels, James Fong, Stephen Roach, Neil Shen, Jing Ulrich, Xiao Yuqiang
A comprehensive panel analysis examines China's structural shift from a manufacturing-driven "old economy" toward a 20% growth "new economy" fueled by digital giants, entertainment, and domestic consumption. While total social lending reaches 250% of GDP, the government is actively de-leveraging heavy industry and utilizing a $3.25 trillion currency reserve to manage financial stability alongside a transition to managed RMB convertibility. Long-term strategic outlooks highlight a critical demographic inverted pyramid and an unfunded pension system, prompting urgent investments in automation and AI to offset labor shortages and support a consumption-led future.
- Milken Institute1h 12m
Asia Summit 2015 - China's Growing Movie Industry: Does It Still Need Hollywood?
Kevin Clowden, Chris Bremble, Peter Hsiao, Ellen Eliasoff, James Fong, Rose Kuo
Driven by a youthful demographic and aggressive infrastructure expansion, China is projected to surpass the U.S. as the world's largest film market despite a regulatory quota system that limits Hollywood imports to 34 films annually. This interdependence has catalyzed massive strategic investments, such as the $2.5 billion Dream Center and the Qingdao Oriental Movie Metropolis, while prompting Hollywood to produce dual-version content tailored specifically for Chinese audiences. Although local production faces significant challenges regarding talent and commercial storytelling mechanics, the market is evolving toward a sustainable fusion model that blends domestic folklore with international production values to sustain long-term growth.