The bestselling author, acclaimed speaker and public intellectual Martin Jacques will deliver a lecture and take part in a Q & A session with the Dean of the Australian School of Business, Professor Geoffrey Garratt, to examine the problems facing China in its expected rise to global dominance, and look at what might go wrong economically or politically.
Professor Geoffrey Garratt said "these are crucial questions for China right now. The Chinese economy is already slowing down, and that may have serious implications for Australia. The huge wave of investment in new Australian mining and energy projects over the past five plus years has peaked and is slowing."
"When the US and the west collapsed into recession in 2009 it could have been curtains for China's post-Mao economic miracle.
To avert this potential disaster, the Chinese regime went on a lending and spending spree which succeeded spectacularly, and Australia was a major beneficiary. Our exports to China literally doubled. But now Chinese growth is slowing, its demand for minerals and energy is weakening, and that is bad news for Australia in the short run. Everyone in Australia should be interested in China and keep a close eye on what could go wrong."
Martin Jacques will examine the possibility of an economic collapse in China, what this would mean politically, and give his analysis of how likely China is to avoid these scenarios.
He is the author of When China Rules the World: The End of the Western World and the Birth of A New Global Order, which has sold a quarter of a million copies and been translated into 11 languages.
Based in London, Jacques is a columnist for The Guardian and New Statesman, a visiting fellow at the London School of Economics Asia Research Centre, and a visiting professor at Tsinghua University, Beijing.
Jacques is being hosted in Sydney by Asialink and the Australian School of Business at the University of New South Wales. Media are welcome at the event, but must confirm their attendance beforehand.
Date: Monday 26 August 2013
Time: 6:30 - 8:30pm
Venue: Leighton Hall, UNSW Kensington
Julian Lorkin: 02 9385 4704
Peter Kerr, Asialink: 0413 785 140 firstname.lastname@example.org