Global Economy: New Challenges and Shifting Horizons
Panel Session
Pavilion 5, Conference Hall 5.3

China’s GDP growth has recently slowed, and the country faces substantial deleveraging challenges and a need to further spur domestic consumption. However, these changes, if successfully implemented, could put China on a more sustainable growth trajectory. As a lower growth rate becomes the ‘new normal’ in the Chinese economy, what are the implications for Asian economies, which are the most dynamic in the world? How is China’s economic restructuring strategy likely to impact global demand, and what is at stake for investors and business worldwide? What are the potential risks to global growth as China continues its restructuring programme?

Bob Davis , Senior Editor, The Wall Street Journal

Xiang Bing , Founding Dean and Professor of China Business and Globalization, Cheung Kong Graduate School of Business (CKGSB)
Jonathan Woetzel , Senior Partner, McKinsey & Company
Ivan Glasenberg , Chief Executive Officer, Glencore
Kevin Michael Rudd , President, Asia Society Policy Institute (ASPI); Prime Minister of Australia (2007–2010, 2013)
Alexander Savchenkov , Founder, Chief Executive Officer, CityAds Media
Andy Xie , Independent Economist
Maxim Sokov , Chief Executive Officer, En+ Group
Xinli Zheng , Vice Chairman, China Center for International Economic Exchanges (CCIEE)
Denis Shulakov , First Vice-President, Gazprombank (Joint-Stock Company)
Xiyu Yang , Executive Vice President, Institute of Boao Forum for Asia


Key moments

China already has the largest market, and when you come to the largest market, you have to innovate to remain competitive
Xiang Bing
China’s transition from a copying model to a creation model is a new window of opportunity that China is opening for the world today.
Alexander Savchenkov
Through a wide range of structural reforms, China will become the largest consumer market in the world, after China becomes the largest producer in the world.
Xiyu Yang
China is in the middle of the urban process and this is going to lead huge opportunities for the world.
Jonathan Woetzel
Just on China’s domestic market, there is now 6 trillion in debt in dollar equivalent in circulation. At the same time, China’s offshore debt market is already 130-140 billion in dollar equivalent.
Denis Shulakov