14 August 2017

4:00 pm - 5:30 pm

Macquarie University City Campus, Level 24, Angel Place, 123 Pitt Street

Department of Economics Public Lecture By Professor Yang Yao 

The Department of Economics at Macquarie University looks forward to welcoming Professor Yang Yao from Peking University for his public lecture on the high savings problem in China, its impacts on the Chinese society and economy and the potential benefits for Australia.

About the Public Lecture

Household income and consumption in China have grown rapidly in recent years. Meanwhile, China has accumulated a large amount of savings due to its export-led growth model and rising demographic dividends. What does this mean for the Chinese and Australian economies?

High savings may have helped China’s economic growth, but at the same time have created excessive liquidity, which can be one of the key factors that contributes to high housing prices, volatility in the stock market and risk-taking behaviour of the corporate sector.

Professor Yao will discuss the pros and cons of the high saving rate for the Chinese economy, possible remedies to the high savings problem and the role of government in dealing with this problem. Professor Yao will also discuss how Australia can benefit from the high saving rates in China.

The Department of Economics is delighted to present the public lecture entitled Dealing with China’s High Savings Problem. Please register your attendance below and join us in welcoming renowned economist Professor Yang Yao who will shed light on this important topic.

When: Monday, August 14, 2017
Time: 4:00pm – 5:3opm, followed by canapes
Where: Macquarie University City Campus, Level 24, Angel Place, 123 Pitt Street, Sydney CBD (the closest train station is Wynyard)
RSVP: Register here by Tuesday, August 8, 2017

Professor Yang Yao

Professor Yang Yao – Image supplied the by Department of Economics

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Event contact

Sri Valli Modali

02 9850 8562