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DTSTART;TZID=America/New_York:20221027T090000
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SUMMARY:Debt and Financial Risk from China's Real Estate Sector: Michael Pettis and Hui Shan
DESCRIPTION:Register now\n\n\n\n\n\n\n\nSpeakers:Michael Pettis\, Professor of Finance\, Peking UniversityHui Shan\, Managing Director and Chief China Economist\, Goldman Sachs \n\n\n\nConcluding Remarks:William Overholt\, Mossavar-Rahmani Center for Business and Government\, Harvard Kennedy School \n\n\n\nModerators:Richard Yarrow and Jinlin Li\, Mossavar-Rahmani Center for Business and Government\, Harvard Kennedy School \n\n\n\nReal estate has had a vast influence on China’s economy. In particular\, real estate has taken a massive role across China’s financial system — accounting for an estimated 70 percent of Chinese households’ assets\, 30 percent of local governments’ revenues\, and almost 30 percent of all outstanding bank loans before the pandemic. \n\n\n\nAs China’s real estate sector faces a sharp crisis\, what are the implications for the financial system and the financial health of China’s broader economy? What are China’s debt risks as real estate prices plateau or fall? \n\n\n\nPlease join experts on China’s financial sector for this discussion. This event is the second in a series on China’s real estate sector and its broader economic effects. \n\n\n\n\n\n\n\n\n\n\n\nVenue
URL:https://fairbank.fas.harvard.edu/events/debt-and-financial-risk-from-chinas-real-estate-sector-michael-pettis-and-hui-shan/
LOCATION:Presented via Zoom
CATEGORIES:Co-Sponsored Lectures
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