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Beijing with us!

China International Assignment

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Who is “us”?

Richard PortesProfessor of Economics

Emeric Henry

Assistant Professor of Economics

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The context An economy that has grown at over 10% p.a. over the

last decade and now accounts for 10% of world GDP…

…with $2 trillion of foreign exchange reserves

Huge domestic market, but also an export powerhouse

A banking sector that has attracted investment from all the big Western banks

Lots of assembly plants, sure, but also hi-tech, innovation, and entrepreneurial flair

An extraordinary city – history, architecture, food, art…

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Past visits to firms – some of which will repeat in 2008

We do multiple visits rather than projects based on deep immersion in a single firm

Alibaba (yahoo china) Lenovo Huaqi – MP 3 players etc. China Mobile and China Telecom Nokia and its suppliers CNOOC (oil company)

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Visits to banks

Peoples Bank of China (central bank)

Western banks in China- Goldman Sachs- UBS- Morgan Stanley

Chinese banks- CICC- ICBC- BoC

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Exceptionally good lectures…

Chong-En Bai (Head of Department of Economics, Tsinghua University)

And the home team (well, we do our best…)

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Also this year

Agency responsible for air quality during Olympics

Go outside Beijing to see some different types of firms

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…and a bit of free time

Great Wall

Forbidden City

Silk Market

Quanjude Peking Duck, Green T. House, Lotus Flower…

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Beijing with us! Unique moment – how will China respond to a

global slowdown? Can the economy maintain its dynamism? Can the system deal with the tensions of inequality? Will China join the US in a ‘grand bargain’ to rebuild the foundations of the international financial system?

Enjoy some free time in a great city Year after year, about 40% of the students on

this trip have said afterwards, ‘I want to work at least a few years in China’…and many others look forward to working with Chinese firms.