China Helps Germany—And The EU—Through The Winter of The Second Wave
China’s continued recovery is providing a much-needed source of external demand, a vital offset to self-imposed Euro Area weakness via strict lockdown measures.
As one of the largest and most important economies in the world, China is almost universally viewed by investors through a bullish lens. In the first two sessions of PGIM’s China Investment Symposium covering public debt and public equity markets, our experts talked about the upside in China. Part three of our series, featuring Stephen Joske in a fireside chat, focused on some of the less-bullish considerations that institutional investors should give weight to before allocating to China. Mr. Joske, having spent much of his personal and professional life in and around China, brings a unique perspective to the dialogue. He has worked for both the Australian Treasury and Australian Embassy in Beijing, and he served as the head of the Economist Intelligence Unit’s China Forecasting Service. Most recently, he advised AustralianSuper on financial market implications of Chinese macroeconomic issues.
Following are a few highlights of the discussion:
The next installment of PGIM’s China Investment Symposium, slated for early 2021, will focus on post-US election implications of the US-China relationship and its impact on the investment landscape. In the meantime, to access previous webinars visit our China Investment Symposium page.
Stephen was Senior Advisor to the Australian Treasurer during the 1997-98 Asian financial crisis. He later worked as the Senior Treasury Representative at the Australian Embassy in Beijing. Stephen also worked on Chinese economic issues at the Office of National Assessments. After leaving government he ran the Economist Intelligence Unit’s China Forecasting Service in Beijing and then spent six years with AustralianSuper in Beijing looking at financial market implications of Chinese macroeconomic issues.