In-Person Event: China Shock 2.0 - Hong Kong

Global imbalances are back. China's rapidly expanding trade surplus is the clearest manifestation of a renewed widening of external imbalances on a scale not seen since the mid-2000s. But how much of a risk do they pose to global macro stability? How long will they persist? And how disruptive would any adjustment be?

Capital Economics is pleased to invite you to this special in-person event in, The executive Centre, Hong Kong from 09:00am-13:00pm on Wednesday 21 October, where we will be examining the return of global imbalances, the implications of China Shock 2.0 and what it all means for the global economic outlook. Our economists will present their latest thinking on the forces driving these imbalances, how they are reshaping trade, competition and policy, and the implications for economies, markets and policymakers worldwide. You'll also have the opportunity to put your questions to the team and network with peers from across the industry. The discussion will cover:

• The domestic forces driving China's export strength and why its trade surplus could widen further.
• The contours of China Shock 2.0 and the economies and sectors that are most exposed to increased competition.
• Whether the US current account deficit is sustainable, and the risks of a fiscal crisis.
• How today's global imbalances could evolve over the coming years, and the mechanisms through which they might ultimately adjust.
• What shifting geo-economic dynamics mean for the outlook for trade, capital flows and financial markets