Perry Wong
Showing 1–7 of 7 transcripts.
- Milken Institute1h 1m
The Chinese Economy in the Next 30 Years: Political Reform vs. Status Quo?
Sheryl WuDunn, Nicholas Lardy, Michael Pillsbury, Sophie Richardson, Stephen Roach, Perry Wong, Max, Michael Chewy
A panel of five experts, including Michael Pillsbury and Nicholas Lardy, evaluates the trajectory of the Chinese economy and U.S.-China relations over the coming three decades. The discussion highlights critical tensions surrounding the Belt and Road Initiative's lack of regulatory standards, China's high corporate debt levels, and the strategic risks posed by tightening political control on innovation. Speakers ultimately forecast inevitable trade confrontations and potential Cold War-style standoffs if Beijing fails to adhere to future agreements while the U.S. reassesses the foundational architecture of the bilateral relationship.
- Milken Institute1h 1m
Speed Bumps Ahead: China's Belt and Road Initiative
Sheryl WuDunn, Lincoln Leong, Kevin Lu, Winston Ma, Dominic Ng, Perry Wong
The Belt and Road Initiative represents a trillion-dollar, 68-nation infrastructure strategy by China designed to export industrial overcapacity, secure energy routes, and achieve geopolitical dominance by 2049. While the project faces significant sovereign debt risks and regulatory hurdles in emerging markets, it has attracted Western corporate participation and positioned Hong Kong as a key financing hub despite US strategic hesitancy. Experts anticipate a transition from state-led funding to private market dominance over the next decade, driven by the commercial viability of interconnected digital and physical networks.
- Milken Institute1h 2m
Speed Bumps Ahead: China's Belt and Road Initiative
Cheryl Wu-Dun, Lincoln Leung, Kevin Liu, Winston Ma, Dominic Ng, Perry Wong, HONG LIU, CAROLINE BUCKEE, CAROLINE MECKFESSELSENMILLER JR., DAVID LEONHARDT JR., DAVID LEONG HSUI, LINCOLN CROWE, WINSTON TAYLOR JR., MARTHA MINOWE, YONGJIE LEE CHOI, KEVIN VLKONNOSOHN
The Belt and Road Initiative represents a $1 trillion infrastructure project connecting 68 countries to reshape global trade routes and secure China's western borders, with success metrics targeted for 2049. Panelists from the MTR Corporation, Milken Institute, and other firms discuss the initiative's evolution from state-led construction to a commercial model driven by private capital, while navigating risks like debt sustainability and regulatory scrutiny. Although critics highlight concerns over transparency and geopolitical disintermediation, the consensus suggests that active international participation remains essential to influence standards and mitigate political risks.
- Milken Institute48 min
Immigration and the California Economy
Andrea Bernstein, Gray Davis, Maria Elena Durazo, Iliana Perez, Perry Wong, Caroline Walker, Krishna Thangavelu
Panelists including Perry Wong, Governor Gray Davis, and Maria Elena Durazo convened to address the economic instability caused by shifting U.S. trade policies under the Trump administration and the looming uncertainty surrounding DACA and immigration reform. The discussion highlighted California's heavy reliance on immigrant labor to fill critical roles in technology and healthcare while warning that the proposed sunset clauses in NAFTA and restrictive immigration enforcement strategies threaten billions in economic activity and workforce continuity. Participants emphasized the necessity of comprehensive legislative solutions to stabilize the labor market against a coming demographic shift as the Baby Boomer generation exits the workforce.
- Milken Institute1h 2m
Global Cities Roundtable: Economic Dynamics from China to California
Henny Sender, Kevin Klowden, Perry Wong
A panel discussion analyzes urbanization as a critical economic strategy for China, contrasting its infrastructure-led growth model with the bureaucratic and political obstacles hindering modernization in the U.S. and India. The conversation highlights divergent regional trajectories, noting how cities like Guiyang and Shenzhen have successfully reinvented themselves through strategic investment and entrepreneurial flexibility while others face stagnation from structural rigidity or talent outflows. Ultimately, the analysis emphasizes that long-term viability depends on a city's capacity to continuously adapt its industrial base and governance to evolving technological and global market demands.
- Milken Institute59 min
Innovative Cities: Transforming the Urban Ecosystem
Ross Duvall, Andy Cohen, Claire Cockerton, Shirley Franklin, Ned Couric, Perry Wong, Rasmus Silkaitisenkovskiy, Eric Schmidt, David Plylar
This analysis examines how rising global urbanization rates are driving innovations in vertical architecture, sustainable transportation, and inclusive community models like Purpose Built Communities. Key developments include Gensler's mixed-use "Dragon's Tale" skyscraper in Shanghai, Toyota's infrastructure expansion for hydrogen vehicles, and public-private partnerships transforming distressed areas in the US and Hong Kong. While these advancements offer pathways for economic vibrancy and environmental resilience, experts warn that without equitable policy implementation, such rapid growth risks exacerbating social segregation and affordability crises.
- Milken Institute1h 1m
Reform 3.0: China's Next Direction
Evan Feigenbaum, Robert Hormats, James McGregor, Perry Wong, Mei Fong, Bob Hormats, Jim McGregor
China's leadership is steering "Reform 3.0" to transition the economy from investment-led growth to a consumption-driven model, prioritizing quality and equity over rapid expansion despite structural bottlenecks. Facing a demographic crisis, environmental degradation, and entrenched vested interests, President Xi Jinping has consolidated power to implement experimental pilots in fiscal decentralization and household registration reform. While political liberalization is unlikely, the strategy focuses on converting migrant workers into legal citizens and opening capital markets to sustain long-term stability and international competitiveness.