Financial Deregulation in China to be Discussed at Golden Networking's China Conference October 2013
Building off of the momentum of past conferences, Golden Networking brings back China Leaders Forum 2013 (http://www.ChinaLeadersForum.com), "Will the Chinese Dream Become Long-term Investors' Dream or Nightmare", New York, October 1st.
- New York, NY (1888PressRelease) July 20, 2013 - China is "too big to fail." Nobody in the world can afford for financial liberalization to fail there. Every emerging market that has tried financial globalization has then faced a major financial crisis. To avoid a capital flight after liberalization, China first needs to make significant internal financial reforms. Kevin P. Gallagher, an associate professor of international relations at Boston University, where he coordinates the Global Development Policy Program, argues that it is in the world's interest to see that China does not de-regulate its financial system prematurely.
Indeed, last week China already started raising the ceiling on the amount of foreign speculation in China. One wonders: Why rush this issue? Guan Tao says this is about making the yuan, China's currency, a global currency. No doubt, in the long run it sure would be good to have more than U.S. dollar on offer in the world economy.
China should remember with pride that it was not as severely affected by the financial crises of the 1980s and 1990s in Latin America and East Asia. These were crises where capital account liberalization played a big role. Large countries such as Indonesia were set back by as much as a decade. Why did China not experience the same disaster? Because it prudently regulated cross-border capital flows. If China does not now proceed with great caution, few countries will weather a financial crisis when it hits China. All around the globe, we are reliant on China for trade, investment and finance. Simply put, China is too big to fail.
Thus, it is in the interests of the United States and the rest of the world to urge China not to de-regulate its financial system. But most of all, it's in China's very own interest, as it will be discussed at Golden Networking's China Leaders Forum 2013, "Will the Chinese Dream Become Long-term Investors' Dream or Nightmare?", will examine the economic and finance challenges facing China nowadays and the long-term opportunities for global investors that will be created in the world's upcoming largest economy. Recognized experts, regulators, and strategists, will return to China Leaders Forum 2013 in its fifth edition to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.
Topics that China Leaders Forum 2013 will discuss include:
• How American Interests Can Catch the Wave of Chinese Overseas Investing?
• Private Equity, Venture Capital and Capital Markets Investing in China
• Alice in Wonderland Scenario for Foreign Hedge Fund Managers?
• Is Chinese Real Estate Headed Towards a Bubble?
• Is U.S. Real Estate Headed Towards a Boom?
• The Rule of Law and its Role in Achieving the Chinese Dream
China Leaders Forum 2013 is produced by Golden Networking , the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info ( @ ) goldennetworking dot net.
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