Skip to main content

2021: A Pivotal Year for China's Financial System?

2021 may mark a turning point in the global standing of China’s financial system. The country’s Digital Yuan recently began its first trial in Suzhou, and will begin its national rollout soon, with implications for traditional trade, cross-border e-commerce, and the US Dollar’s global standing, to name a few. In more direct relation to the US, China recently opened its financial services market to US firms, and its purchases of US treasuries has not been inconsequential in enabling the US’ current fiscal stimulus. Taken together, trends point towards considerable technological change in China’s financial system, alongside complicated and fraught entanglements with the US. This panel explores the direction of these trends, and seeks to plot the path forwards of China’s financial system in a geopolitical context.

Watch

Listen

This event was held on Tuesday 9 March 2021.