On 5 July 2016, the Brasserie Schumann opened it’s doors in the early hours for CHINALUX’s first Breakfast Seminar. We were delighted to see so many members and friends in attendance to hear from David Schlesinger, Founder of Hong Kong-based Tripod Advisors and Chairman of the International Advisory Board of VitalBriefing.
Having recently returned from the World Economic Forum Meetings in Tianjin, David presented a seminar entitled: “The view of China after the summer World Economic Forum meetings in Tianjian: What’s the future for economic growth, investment and change?”.
David began by outlining the historical background of China’s rapid economic “miracle” since the 1980s and the economic shifts of the past few years. Within this context, he noted the tone in Tianjin was surprisingly upbeat on previous years, highlighting the impact of Brexit on the perception of China on the world economic stage. He followed by outlining a “Case for Concern” for China, from a slowing economy and environmental degradation, to a lack of action on and commitment to reforms, as well as a “Case for Calm”, such as growing innovation, high savings rates and the “One Belt One Road” as a source of growth and opportunities. He also cautioned giving undue weight to China commentary, and to be weary of China bears. David’s view is of a more balanced nature – that China is much more likely to muddle through its difficulties than to experience a collapse.
The floor was then opened for questions, moderated by David Schrieberg, Pulitzer prize winning CEO and co-founder of VitalBriefing.
