China - Understanding the Fundamentals
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China is one of the most misinterpreted countries in the world, yet one of the most important to understand. Through its sheer size and integration into international supply chains, China impacts everything. Its meteoric rise and unique development model have transformed the global economy and financial markets in the past two decades.
This course will give you a compelling competitive advantage and an incredibly valuable credential for your career.
Whether you are already working in the financial sector, engineering, AI, manufacturing, the field of semi-conductors, supply chain management, or you want to get a job in any organization that interacts with China, then this is the course for you!
The Chinese economy is the second largest in the world, with ambitions to be the largest. Over the past couple of years Beijing, under Xi Jinping, has finally started to open China’s financial markets more widely to foreign investors. With the Middle Kingdom home to a large proportion of the world’s savings, financial liberalization will lead to more dramatic changes in the decades to come.
By the end of this course, you will have learned the basics of how China’s economy, political system and financial markets, (including their stock and bond market) work, and how they affect the rest of the world.
You will understand where China’s GDP growth target comes from, how China’s central bank, the People’s Bank of China, operates, why China’s real estate market is so important, and many more aspects of the fundamentals of how China works.
You will gain the China knowledge needed to make better-informed investment, business and policymaking decisions, to uncover investment and business opportunities, while guarding against idiosyncratic risks.
Unbiased analysis, real-life examples and practical guidance will equip you with the analytical frameworks and tools to apply to your investment decisions, risk assessments or policymaking. You will learn directly from Enodo Economics’ team of experts, who together have more than 250 years of experience focusing on the economics, politics, markets and culture of China.
We make use of bespoke online teaching videos of a high professional standard. The material, carefully tailored to bring to life the content of each course, includes interviews with relevant figures whose personal stories illuminate the concepts being taught. Imaginative visual aids and animation are designed to enhance the learning experience – and make it fun.
Diana Choyleva is a leading expert on China’s economy and politics. She is Chief Economist at Enodo Economics, an independent macroeconomic forecasting consultancy she set up in 2016 to untangle complexity, challenge the consensus, and give pointers to the future by making sense of today. Enodo’s focus is China, one of the most misunderstood economies in the world, yet one of the most important to figure out.
For 16 years prior she worked at Lombard Street Research (now TS Lombard), most recently as their Chief Economist and Head of Research, setting the agenda for the firm’s team of economists and strategists while conducting her own global analysis.
She has co-authored two books. In 2011 she published "The American Phoenix – and why China and Europe will struggle after the coming slump" , which predicted a wrenching slowdown in China and a troubled decade for Europe but greater resilience for America’s economy. In 2006 she co-authored "The Bill from the China Shop" , explaining how Asia’s savings glut was driving US households ever deeper into debt and why the process was unsustainable and must end in tears.
Diana writes regular opinion pieces for the Financial Times , the Wall Street Journal , Nikkei Asian Review , Barron’s , and more. She has extensive global experience engaging with all manner of audiences and has made frequent television appearances, including on BBC’s Newsnight on the day that Lehman Brothers collapsed.
Nigel Inkster has more than forty years’ experience as a geopolitical and intelligence practitioner and analyst. He worked for the British Secret Intelligence Service for 31 years, specialising in China. He retired in 2006 as assistant chief and head of operations and intelligence.
He worked for the International Institute for Strategic Studies, a London think-tank, from 2007 to 2017, and has been with Enodo Economics since 2017.
In 2016, Nigel authored "China’s Cyber Power" , an IISS Adelphi book published by Routledge, and his book, “The Great Decoupling” is due to be published by Hurst at the end of 2020.
His research has focused on China, cyber security, intelligence and security, the evolving character of conflict, transnational terrorism, insurgency and transnational organised crime. He has written and broadcast on all these topics and has also been engaged in a variety of para-diplomatic activities on behalf of the UK government, including leading a Sino-UK Track 1.5 Cyber Security Dialogue.
Nigel graduated from St John’s College Oxford with a BA in oriental studies (Chinese).
Dinny spent a decade working as a financial journalist in Beijing and Shanghai. As the Wall Street Journal’s finance correspondent, he tracked closely the evolution of China’s shadow banking system and the rapid expansion in corporate debt that followed the Global Financial Crisis.
Dinny is also the author of "China’s Great Wall of Debt: Shadow Banking, Ghost Cities, Massive Loans, and the End of Chinese Miracle", which The Economist said "comes closer than any previous writer to covering the Chinese economy as Michael Lewis, the hugely popular author of The Big Short, might do."
He spent two years in Beijing and Kunming learning Chinese before spending a year at the John Hopkins SAIS campus in Nanjing to study international relations. After that he wrote for Dow Jones Newswires in Shanghai, where he also contributed to the Far Eastern Economic Review, before moving to Beijing with WSJ.
Dinny wrote China’s Great Wall of Debt while a fellow at the Woodrow Wilson Center for International Scholars in Washington DC, before moving to MacroPolo, the Paulson Institute’s think tank in Chicago, where he focused on China’s efforts to clean up its financial system.
Fraser has worked in China’s financial markets as a practitioner and a researcher since the 1990s, giving him a rigorous understanding of the markets that is unrivalled. The book he co-authored with Carl Walters, "Red Capitalism: The Fragile Financial Foundation of China’s Extraordinary Rise", was named by The Economist as one of its books of the year in 2011. The weekly said: “Two bankers with years of experience in China shine an unprecedented light on the remarkable 32-year effort to build the country's financial system—on its vices, virtues and many conflicts of interest.”
Fraser is co-author of two more books on the Chinese financial system, “Privatizing China: Inside China’s Stock Markets” and “To Get Rich is Glorious!: China’s Stock Market in the ‘80s and ‘90s”.
He studied natural sciences (physics) at Cambridge University and Chinese at Beijing Language and Culture University. He has worked for Baring Securities, Bankers Trust, Morgan Stanley, CICC and CLSA, where from 2003 to 2012 he was a managing director in the listed derivatives and synthetic equity department.
Fraser’s work has been published in the Wall Street Journal, Foreign Policy, China Economic Quarterly and the Nikkei Asian Review. He is a regular commentator on CNBC, Bloomberg and the BBC.