China’s Investment Outlook: Optimism or Caution? | Milken Institute Global Conference 2024

Expectations were high that China would drive global economic recovery after its re-opening in early 2023. Instead, economic activity throughout much of 2023 remained subdued on account of muted domestic and global demand; restructuring among technology companies; and significant challenges to its real estate sector.

What are investors’ sentiments towards investment opportunities in China? As government efforts to inject stability and confidence flow throughout the economy, what are the opportunities for investors to find returns? What sectors are well suited for greater participation from both domestic and international investors as the economy continues its slow, but steady recovery?

Moderator:
- Susan Li, Business Correspondent, Fox Business Network

Speakers:
- Shenglin Ben, Professor and Dean, Zhejiang University International Business School (ZIBS)
- Goodwin Gaw, Founder, Chairman, and Managing Principal, Gaw Capital
- Fred Hu, Founder and Chairman, Primavera Capital Group
- Weijian Shan, Executive Chairman and Co-Founder, PAG
- Lu Zhang, Founder and Managing Partner, Fusion Fund

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0:00 - Introduction: Panelists are introduced and importance of US-China relationship is discussed
3:15 - Geopolitical tensions and US-China relations going bearish
8:58 - Taiwan investment risk
12:03 - Conversation with Kevin Rudd
14:15 - Investing in China
16:58 - China's Economic Transformation
21:46 - Lu Zhang's background, Founder and Managing Partner, Fusion Fund
24:09 - Era of Deglobalization and China
30:15 - China and liquidity
35:20 - Real Estate and Property Collapse
40:23 - Chinese companies investing vs political climate
43:00 - China, US, and TikTok
47:20 -Chinese companies investing in the US
53:31 - Fred Hu (Primavera Capital Group) giving advice to Trump and Biden
56:10 - Is China's AI industry still investable

[MilkenInstitute]

Do you find timestamps helpful? Reply here!


Here are the timestamps:
0:00 - Introduction: Panelists are introduced and importance of US-China relationship is discussed
3:15 - Geopolitical tensions and US-China relations going bearish
8:58 - Taiwan investment risk
12:03 - Conversation with Kevin Rudd
14:15 - Investing in China
16:58 - China's Economic Transformation
21:46 - Lu Zhang's background, Founder and Managing Partner, Fusion Fund
24:09 - Era of Deglobalization and China
30:15 - China and liquidity
35:20 - Real Estate and Property Collapse
40:23 - Chinese companies investing vs political climate
43:00 - China, US, and TikTok
47:20 -Chinese companies investing in the US
53:31 - Fred Hu (Primavera Capital Group) giving advice to Trump and Biden
56:10 - Is China's AI industry still investable

[jdlnameson]

Excellent! Great to hear actual chinese (top) entrepreneurs talk about their view on china.

[SavanaT]

Interesting perspective and lots of great information here... I'm bullish on China 🙏

[titusp]

20:36 The most powerful moment ... "The Chinese women are really good ... look at you"
The brainpower on this panel is amazing. With 11K views but only 182 upvotes, that is the true state of affairs.

[JosephKings-jf]

i feel like americas leaders believe because of the greatness their predecessors have caused
that they can now balance things out
i dont agree with being consumed by lusts like greed and self obsession
but at the same time ups and downs are also necessary
there just needs to be awareness for changes in circumstances
and self reflection; a realization of a continuous path to improvement.

[PrashantTayshetye]

INDIA IS NOT ANTI CHINA IT IS PRO INDIA.

[MrSiren]

it should be 2hrs talk, 1hr is less so the mod must kills the discussion sometimes.

[louistan]

To get an honest assessment, one must be apolitical in thinking. But the basic question is: Can China be ignored?

[terencelim]

A more experienced moderator would have been great for this session. Too much interruption from the irritating blonde. Where is she getting at?

[danxie-mgyv]

They estimated less than 1% chance of war. I would say more than 30% chance.

[lkhjason]

As a South East Asian, I don't see China as a treat. Yes, there are issues as with all other countries, but definitely not stooped to the level of daily China bashing/demonisation as the West is doing. When it comes to actual physical wars, I also know for a fact that in modern history, China has never been majorly involved in one, but i can't say the same for the US/West. China has never colonised, conquered any land and plundered the wealth/resources for its own from South East Asia or the Middle East. It's not in its DNA. As for all these talks about China invading Taiwan (which I very much agree with some of the panelist stating that it could only be instigated further by the US side from the current status quo) and about security concerns in South East Asia - I do feel like these are all just a mask and manufactured fake anger just to suppress the rise of China's power in the global stage. And honestly, as a SEAsian, I would feel more secure if the US didn't start meddling in this region, which they didn't even cared about 10 years ago. To me, I see China as seeking corporation and ventures globally but when it comes to the US/West, it is always agenda that also involves furtherance of their superiority, ideology, values and beliefs. The Western media likes to paint this dichotomy as democracy vs communism, but really is it ? I don't believe that China is interested in that agenda. Is it communism when an economy uplifts 700M folks out from poverty (within ~20+ years), or is it the hard work, culture and aspiration of 1.4B people wanting to uplift them and get a better life ? And if democracy is supposedly masking imperialism, this whole idea of superiority over every other poorer nation, so that 1 country gets to go around the world riding its moral high horse lecturing others whilst doing the exact opposite thing (i.e. climate crisis), then sorry, I probably give "democracy" a pass.

[chaoweiduan]

The moderator doesn't know open source