Chinese Economy

This course may be sectioned in two parts: The first part (1st) aims to shed lights on the evolution of the Chinese Economy since XIX century up to the opening up process led by Deng Xiaoping in 1979. From a Central Planned Economy (1949-1979) to an Entrepreneur Capitalist Economy (1980-1992) and later to a State Capitalist Economy or Socialist Economy with Chinese Characteristics, China has paved the way for its economy to become investment and export oriented. The second part (2nd) of the course seeks to explore the path chosen by China that led the country to become an export-oriented nation, thanks to many factors distortions and subsidies towards more production rather than domestic consumption. With consumption over GDP declining to 35% along with lower household income, the emergence of 2008 worldwide economic crisis led China to pursue sustainable ways to boost its economy what indeed might trigger positive and negative effects to the whole world. In the geopolitics and economics arena, China has become a strategic partner for Brazil. Not only due to their economic complementarity, but also an important investor in the country.

Concepts and topics to be presented:

1º Part

  • Chinese economy during XIX century and between wars (Japan and UK)
  • Planned central economy (1949-79)
  • Import substitution strategy (ISS) (1949-79)
  • Economic reform - Deng Xiaoping (1979)
  •     c.1 Open Door Policy (Special Economic Zones)
  •     c.2 Responsibility system (Rural and Urban)
  • Economic reforms and the rising of capitalist institutions
  • Tiananmen Square interlude and the change from an entrepreneur economy to a state capitalist of socialist with Chinese characteristics economy (Jiang Zhemin - Zhu Ronji era)
  • Social inequality – Rural/Urban

Duration
1º Part - 3 hours

Concepts and topics to be presented:

2º Part

  • Economic growth model: Investment and net exports
  • Factors distortions and household income
  • Savings and Investments – Who saves, anyway? Corporates or families?
  • Exchange rate policy: The role of the RMB (Yuan)
  • Chinese monetary policy: Impossible trinity
  • China´s balance of payments
  • Chinese financial system
  •      Banking system
  • The role of financial repression and the household income
  •     Stock exchange: QDII e QFII
  • The 2008 crisis and the need of rebalancing China´s economic growth model
  • Brazil and China: Chinese capital inflow towards many business sectors (why? Which sectors?)
  • US – China relation (Trade war?). Impacts on Brazil

Duration
2º Part - 6 hours

LECTURER/SPEAKER

ROBERTO DUMAS DAMAS

More than 30 years of experience in the international financial market
Dumas has worked with several FIs such as Citigroup, Lloyds Bank, UBS and Itaú BBA. From 2007 to 2011, he was the Chief Representative of Banco Itaú BBA in Shanghai and during 2016 he played an important role at the New Development Bank (BRICs bank) helping to implement the credit risk policy of the bank;

Dumas holds a Master’s degree in Chinese Economy from FUDAN University (China) and a Master in Economics from the University of Birmingham (UK), bachelor in Business Administration from Fundação Getúlio Vargas (FGV) and Specialization Course in BA from Fundação Getúlio Vargas (FGV). Dumas is also a Chartered Financial Analyst Charterholder (CFA) by the ICFA (USA)

Professor of many business school such as INSPER, IBMEC – SP, FIA/USP and Saint Paul. While in Shanghai, Dumas had the privilege to be an invited professor at CEIBS (China Europe International Business School (CEIBS) and Fudan University.

Writer of the books Economia Chinesa (CHINESE ECONOMY): Transformações, Rumos e Necessidade de Rebalanceamento do Modelo Econômico da China, and Crises Econômicas Internacionais (INTERNATIONAL ECONOMIC CRISES)

He has given lectures and speeches for more than 30 years for companies and financial institutions such as Santander, CPFL, Banco do Brasil, Evonik Industries, Prologis Logistics Real Estate & Supply Chain, General Motors do Brasil, Delphi Automotive, Ford Motor Company do Brasil, Revestcar, Porto Sudeste, etc.

Would you like to have further information about our courses and seminars?

All of our courses are in company.

+55 11 9-6267-8256 e 11 9-9153-7071

contato@dumasconsulting.com.br

Please contact us for more details.