'The air is coming out of the China bubble at a faster pace.’
‘But no, it’s not going to pop.’
Join us at the CHINARoundtable where Tom Orlik, Chief Economist at Bloomberg Economics, will discuss:
China's Economy: 'The Bubble That Never Pops' [?]
Thursday, December 1
In 2020, our guest speaker, Tom Orlik, published China: The Bubble That Never Pops to great acclaim.
- Then just two years later so much had changed that he published an update.
As he explains in his recent Bloomberg essay ‘The China Bubble Is Losing Air But Won’t Burst’:
- ‘If China is in for a hard landing, the consequences would be cataclysmic for the financial system and economy; for the ruling Communist Party; for global markets.’
‘Amid the host of potential losers, spare a thought for the author who—in 2020—published a book with the provocative title China: The Bubble That Never Pops.’
- ‘I made the case that the country’s economic and financial system is more resilient, and its policymakers more ingenious, than critics in Washington and on Wall Street would have you believe.’
‘In the two years since, that thesis has undergone an extreme stress test.’
- ‘Some might say it’s failed.’
‘In the second edition of my book, I take a different view.’
- Yes, the air is coming out of the China bubble at a faster pace.’
- ‘But no, it’s not going to pop.’
Tom will give us his latest thinking on the Chinese economy at the upcoming CHINARoundtable.
Tom Orlik is Chief Economist at Bloomberg Economics.
- He was formerly the Chief Asia Economist for Bloomberg and China economics correspondent for The Wall Street Journal.
- Before turning to journalism, he worked at the British Treasury, European Commission, and International Monetary Fund.
- Tom earned a Master of Public Policy degree from the Harvard Kennedy School.
- Besides China: The Bubble That Never Pops, he is also the author of Understanding China's Economic Indicators: Translating the Data into Investment Opportunities.
- And Tom lived in China for 10 years.
Look forward to hearing your comments and your questions for Tom on December 1.