China must rethink growth model, Monetary policy implementation and reserves management
Commentary: China must rethink growth model
By Mark Sobel in Washington
The global press treats readers to a daily diet of US-alleged harmful Chinese trade and currency practices, as if this were the only Chinese economic story. Last week, the International Monetary Fund released its 2019 China Article IV staff report. It offers a welcome respite from the press fare. Inevitably, it addresses trade and exchange rate issues, but frames them intelligently in the broader context of the enormous challenges facing China’s growth model, urging a shift away from ‘high speed’ to ‘high quality’ growth.
Read the full commentary on the website.
Wednesday 4 September, New York, 9:00 EDT
In early 2019, the US Federal Reserve announced it would continue to operate in a framework of ample reserves as part of its normalisation strategy. Antoine Martin, senior vice-president at the Federal Reserve Bank of New York, François Haas, chief representative of the Banque de France for the Americas, and Giovanni Majnoni, chief representative of the Banca d’Italia for North America, will discuss the monetary policy implementation frameworks, the Fed’s current floor system and other related topics.
Request to attend the meeting.