China’s Economy, America’s Risks—What Lies Ahead?

At a moment of profound economic and geopolitical change, understanding where China and the U.S. are headed—and what it means for the global economy—has never been more important.

China Institute is pleased to welcome Stephen Roach, one of the world’s most distinguished economists and leading authorities on China and the global economy, for a timely conversation with Susan Yuqing Feng, Director of Programs at China Institute.

Dr. Roach will examine the key questions facing China: What is driving its economy? Can China reignite growth? And can the U.S. and China manage mounting tensions without further fracturing the global economy?

The conversation will also turn to the U.S. economy and markets: Is a recession ahead? Is the AI boom becoming a bubble? And what could rising bond yields, interest rates, and debt mean for the economic outlook?

Join us for a thought-provoking look at China, U.S.-China relations, the U.S. economy, and the forces reshaping the global economic landscape.

Dr. Roach’s book Accidental Conflict: America, China, and the Clash of False Narratives is available for purchase and book signing.

Schedule
5:30 – 6:00 PM | Audience Check-in
6:00 – 6:45 PM | Conversation with Stephen Roach, moderated by Susan Yuqing Feng
6:45 – 7:00 PM | Audience Q&A
7:00 – 7:30 PM | Book Sale and Signing

Speaker & Moderator:

Stephen Roach
Stephen Roach has been a member of the Yale faculty since 2010. After thirteen years as the first senior fellow of Yale’s Jackson Institute of Global Affairs, he joined Yale Law School’s Paul Tsai China Center in 2022. He was formerly Chairman of Morgan Stanley Asia and the firm’s Chief Economist for the bulk of his 30-year career at Morgan Stanley.

A rare combination of thought leadership on Wall Street and academia places Stephen Roach in the unique position as a leading practitioner of analytical macroeconomics. At Yale, he introduced new courses for undergraduates and graduate students on the “The Next China” and “The Lessons of Japan.” Dr. Roach’s current research program focuses on the conflict-prone US-China relationship.

His latest book, Accidental Conflict: America, China, and the Clash of False Narratives (Yale University Press, 2022) examines the ominous trajectory of conflict escalation between the United States and China and a provides a unique roadmap for conflict resolution. His 2014 book, Unbalanced: The Codependency of America and China explored the risks and opportunities of the world’s most important economic relationship of the 21st century.

Prior to joining Morgan Stanley in 1982, Stephen Roach served on the research staff of the Federal Reserve Board and was also a research fellow at the Brookings Institution. He holds a Ph.D. in economics from New York University. Mr. Roach is a member of the Council on Foreign Relations, the Investment Committee of the Metropolitan Museum of Art, the Economics Advisory Board of the University of Wisconsin, and the Advisory Board of NYU’s Graduate School of Arts and Sciences.

Susan Yuqing Feng
Moderator – Director of Programs, China Institute of America
Susan Yuqing Feng joined China Institute of America as Director of Programs in October of 2023. Before joining CI, Susan was the Editor in Chief of Bitpush News, a leading block chain media based in New York and a columnist for the Financial Times Chinese Edition.

Throughout her journalism career, Susan conducted interviews with a multitude of world economic and political leaders, including Warren Buffet, Bill Gates, Alan Greenspan, Paul Volker, President Clinton, Zbigniew Brzeziński, Michael Bloomberg, Thomas Friedman, and many more. Susan has also directed the documentary series “World Movers” which was released in March 2018. It illustrated the emerging new world order 70 years after WWII, shedding light on what has changed the U.S. and the world and the forces affecting everyone. It focused on the relationships between technology and globalization, the impact on immigration, and the future of U.S.-China relations.

Susan graduated from Columbia University and got her MA in International Affairs.