Breakfast Briefing: Does the future of globalisation depend on China?


These audio and slides are from the basis of an hour-long briefing by Charles Parton and Richard Lloyd on 28 April 2017.

Preview of the video-slideshow:


In particular the presentation addressed:

  • Xi Jinping will take a major step in consolidating his power at the 19th Party Congress and he will need to as the economic clouds gather
  • The progress of key reforms will always come second to the ultimate priority of maintaining social and political stability. Rhetoric about ‘supply side reform’ will therefore run ahead of bellwether reforms in areas such as the state owned enterprises, debt management, and local government financing
  • It is important to realise that the ‘Belt and Road Initiative’ is a domestic policy despite its geostrategic consequences
  • There are some black, or at least grey, swans in China’s foreign relations that could affect foreign investors in the coming 12 months: the Trump factor, Brexit, North Korea, and, greyest of all, the environment


The following text sets the context in which the briefing was given. 

The China Policy speakers will analyse how President Xi Jinping will use this autumn’s 19th Party Congress to further consolidate his power. It will look at what that means for: the progress of the domestic reform programme; tackling major economic and social issues; and for a more assertive role in global affairs in light of recent developments in both the US and Europe.

Charles Parton spent 22 of 37 years as a diplomat, first for the British Government and latterly for the EU working in or on China. He has had postings in the British Embassy in Beijing working on trade and economic matters, in Hong Kong in the team negotiating the 1997 handover, and in the EU Delegation in Beijing as its expert on the domestic politics of China.  He speaks and reads Chinese fluently. Other postings have included Afghanistan, Cyprus, Libya and temporary duty in Mali. He is now based in London working with China Policy and Menas Associates.

Richard Lloyd has been working as a Research Manager at China Policy for two years, covering technology and industry policy. Richard’s research includes strategic emerging industries and Made in China 2025. Richard graduated with a First class honours degree from the University of Oxford in Chinese Studies.


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