Sustaining China's Economic Growth after the Global Financial Crisis

March 26, 2012

Federal Reserve Bank of San Francisco, Los Angeles Branch


Nicholas R. Lardy, Senior Fellow, Peterson Institute of International Economics


Thanks to its strong stimulus program, China came through the global financial crisis almost unscathed. But the stimulus did not address longer term structural problems that China must solve. Nicholas R. Lardy's talk will explain the reforms China must undertake in order to sustain its world-beating growth performance.

Lardy is the Anthony M. Solomon Senior Fellow at the Peterson Institute for International Economics. He joined the Institute in March 2003 from the Brookings Institution, where he was a senior fellow in the Foreign Policy Studies Program from 1995 until 2003 and served as interim director of Foreign Policy Studies in 2001. Before Brookings, he served at the University of Washington, where he was the director of the Henry M. Jackson School of International Studies from 1991 to 1995. From 1997 through spring 2000, he was also the Frederick Frank Adjunct Professor of International Trade and Finance at the Yale University School of Management. He is an expert on Asia, especially the Chinese economy.

He has written numerous articles and books on the Chinese economy. His most recent book, "Sustaining China's Economic Growth after the Global Financial Crisis," was published in January 2012. Other recent books include "The Future of China's Exchange Rate Policy" (2009), "China's Rise: Challenges and Opportunities" (2008), and "China: The Balance Sheet" (Public Affairs, 2006).

This invitation-only Asia Financial Forum is presented by the Federal Reserve Bank of San Francisco, Los Angeles Branch, and the Milken Institute. Registration for this event has closed.