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The Hinrich Foundation invites you to a breakfast event at the China Club on November 30th to discuss the findings of Stewart Paterson’s new book: China, Trade and Power.

Since China’s accession to the World Trade Organization (WTO) in 2001, its economy has grown at a breakneck pace to become the world’s second largest. China’s WTO membership was backed by Western governments who believed that its economic integration would lead to democratic capitalism in the communist country. It was also strongly supported by Western multinationals in anticipation of labour cost arbitrage and access to China’s vast domestic market. But policymakers in the West clearly miscalculated the size of the impact of China’s entry into the WTO and severely underestimated the ability of the Communist Party of China (CPC) to capitalize on this new opportunity.

In his book, China, Trade and Power, author Stewart Paterson argues that the conditions under which China joined the WTO precipitated numerous unforeseen consequences for developed economies and the Western liberal order.

Please join us to discuss Mr. Paterson’s book, the policy ramifications for Western countries, and paths forward for dealing with the new challenges facing by our multilateral trading system.

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AGENDA

08:15Registration, networking and breakfast
08:45Welcome remarks
08:50Book presentation by Stewart Paterson
09:10Economic and policy discussion
  • Moderator: Bill Stacey, director, Lion Rock Institute
  • Stewart Paterson, book author
  • Dr. Simon Ogus, founder and CEO, DSGAsia
09:40Open discussion / Q&A
10:00Session ends

For more information, please email: [email protected]; Tel No.: (852) 2509 8662

Speakers’ bios:

Stewart Paterson, book author

Stewart Paterson spent 25 years in capital markets as an equity researcher, strategist and fund manager. He has worked in London, Mumbai, Hong Kong and Singapore in senior roles with Credit Suisse, Credit Suisse First Boston, CLSA and more recently, as a Partner and Portfolio Manager of Tiburon Partners LLP. He has covered the full spectrum of global markets equity strategy, developed market equities and emerging market equities, and has seen first-hand the economic impact of China’s integration into the global financial system. In 2007, he co-founded Riley Paterson Investment Management in Singapore, where he ran a macro-driven hedge fund that exploited the anomalies in capital markets being created by globalization and the existing monetary order. He holds an M.A. (Hons.) degree in Economics from the University of Aberdeen.

Dr. Simon Ogus, founder and CEO, DSGAsia

Dr. Simon Ogus leads DSGAsia, an independent consultancy offering analysis of the economies and politics of Asia. He serves on the board of a number of companies and official bodies including the Council of Advisers for the Hong Kong Monetary Authority’s Hong Kong Institute for Monetary Research, and the Board of Governors for the American Chamber of Commerce in Hong Kong. He is also an adviser to the Silverhorn Group, a wealth management boutique with a core focus on Asia. From 1994 to 1999, Simon was Managing Director and Chief Economist for Asia at Swiss Bank Corporation (subsequently SBC Warburg and then UBS), Hong Kong. He is recognized as one of the few analysts who accurately predicted both the Asian and the more recent global economic and financial crisis and is one of the top ranked macro analysts in the region across. Simon gained his PhD in Economics from the University of London’s School of Oriental and African Studies.

Bill Stacey, director, Lion Rock Institute

Bill Stacey has extensive experience in investment strategy, research and management for both established financial institutions and entrepreneurial boutique asset managers. He has established a profile as an authority on investment, geopolitics, financial systems and monetary systems, with a particular focus on China and the Asia region. He is a director of the Hong Kong free market think tank, the Lion Rock Institute, and an advisor to Mannkal Economic Foundation in Australia.

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More information about the book

The Hinrich Foundation sponsored the book to promote a reasoned and informed debate on the economic relationship between the West and China, to help create stronger institutions and better rules of engagement for improving global trade.