China’s structural deceleration: population aging versus innovation
15
May 2023
Brussels
Gianandrea Gaetani dell'Aquila d'Aragona
Jean-Pierre Cabestan
Jens Eskelund
Alicia Garcia Herrero
Max J. Zenglein
Jeromin Zettelmeyer
The Chinese economy is expected to grow about half of what it was growing some twelve years ago and such deceleration is bound to continue. Among the many reasons for the structural deceleration of the Chinese economy, rapid – actually accelerated – aging stands out. Instead, innovation is considered to be the most important lever to mitigate the deceleration.
In this round table, we discussed the relative importance of rapid aging for the future of the Chinese economy while also dwelled on China’s major innovation trends and how much additional growth they may bring to the economy by increasing productivity.
This event was organised by Bruegel in cooperation with Asia Centre and the Mercator Institute for China Studies.
Agenda
- 15:00 Check-in and coffee
- 15:30 Opening remarks
- Jens Eskelund, Managing Director, Maersk China Ltd and Member, DWARC External Experts Advisory Board
Jeromin Zettelmeyer, Director - 15:40 Presentation on China’s growth, aging and innovation
- Alicia García-Herrero, Senior fellow - 15:55 Guided discussion
- Jean Pierre Cabestan, Research Fellow, Asia Centre, Paris
- Gianandrea Gaetani dell'Aquila d'Aragona, Policy Officer – Science, Technology, and Innovation cooperation with China
- Max Zenglein, Chief economist, MERICS - 17:30 End of meeting
About the speakers
Gianandrea Gaetani dell'Aquila d'Aragona
Policy Officer – Science, Technology, and Innovation cooperation with China
Jean-Pierre Cabestan
Emeritus Senior Researcher at French National Centre for Scientific Research, Emeritus Professor at Hong Kong Baptist University
Political Scientist and jurist specialised in contemporary China and contemporary Taiwan
Jens Eskelund
Managing Director, Maersk China Ltd and Member, DWARC External Experts Advisory Board
Alicia Garcia Herrero
Chief Economist for Asia Pacific at Natixis, Senior Fellow at Bruegel, Non-resident Senior Follow at the East Asian Institute, Adjunct Professor at the Hong Kong University of Science and Technology
Economist specialized in monetary and financial issues in emerging markets, banking crises and resolution strategies, financial development
Max J. Zenglein
Chief Economist at Mercator Institute for China Studies (MERICS)
China’s macroeconomic development; international trade and investment; economic reforms
Jeromin Zettelmeyer
Director of Bruegel