Stephen Roach
Showing 1–2 of 2 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 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.