The Chinese economy is currently undergoing fundamental changes. In this context, the 2022 China Update examines the key characteristics of China’s transition towards a new phase of economic growth and development. This year’s update book covers a range of diverse topics that reflect the complex and changing nature of the economy. It explores critical questions: Why does China need a new development paradigm, and what is the best way to achieve it? What are China’s choices when faced with the restructuring of global industrial value chains? What key roles will domestic consumption play in the next phase of China’s development? What does the digital transformation mean for the Chinese economy? What has been the domestic impact of the Covid-19 pandemic on income inequality and labour market outcomes? What pathways exist for China in its transition towards carbon neutrality? How does China’s emissions-trading market compare with that of Europe? How will China’s carbon neutrality strategy affect the Australian economy? What are the political factors influencing bilateral trade flows between China and its trading partners? And what is at stake for China–US relations?
Kal'van / Containers at Hong Kong commercial port on May 03, 2013 in Hong Kong, China. Hong Kong is one of several hub ports serving more than 240 million tonnes of cargo during the year.
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Summary
With the Chinese economy undergoing fundamental changes in its transition into a new phase of economic growth and development the 2022 China Update conference seeks to elucidate and contextualise these regionally and globally significant trends. This year’s event hosted a series of expert panels discussing a range of diverse topics that reflect the complex and changing nature of the Chinese economy:
- Why does China need a new development paradigm, and how should this best be achieved?
- What does the digital transformation mean for the Chinese economy, and what are China’s choices when faced with the global restructuring of industrial value chains?
- What role does domestic consumption play for the next phase of China’s development and how will China manage the complexities of Hukou reform?
- Likewise, what impacts has the COVID-19 pandemic had on domestic income inequality, poverty, and labour market outcomes?
- What pathways exist for China in its transition towards carbon neutrality and what will the impacts of China’s carbon neutrality strategy be for the Australian economy?
- What are the political factors influencing bilateral trade flows between China and its trading partners and what is at stake for China-US bilateral relations?
