Over the past four decades, China’s technocratic elite have acquired a reputation for having almost savant-like abilities to manage China’s economy. That reputation is being challenged like never before. A slowing economy has been compounded by an official deleveraging campaign and a trade war with Donald Trump’s America which both eats at exporters’ competitiveness and also targets Beijing’s efforts to transform China’s economy and extricate it from its overreliance on debt for growth. Dinny McMahon will look at how the current slowdown differs from the past, and how Beijing is trying to overhaul its economy.
Dinny McMahon spent ten years as a financial journalist in China, including six years in Beijing with The Wall Street Journal, and four years with Dow Jones Newswires in Shanghai, where he also contributed to the Far Eastern Economic Review. In 2015, he left China and The Wall Street Journal to take up a fellowship at the Woodrow Wilson International Center for Scholars, a think tank in Washington DC, where he wrote China's Great Wall of Debt. He is currently a fellow at MacroPolo, the Paulson Institute’s think tank, where he writes about China’s efforts to clean up its financial system. Dinny is an Australian who currently lives in Chicago with his wife and three-year old son.