On 26th May 2019, the lecture “China in the Age of Globalization” was presented by Dr. Jin Keyu in Dakin Lecture Hall, School of Economics. The lecture discussed the impact of China’s opening up as well as the shed light on the recent U.S. China trade tension. Professor Jin Yijia, Dean of the Institute for Global Public Policy, Fudan University hosted the event. Other guests were Professor Zhang Jun, Dean of School of Economics and Professor Li Dan, assistant to the Dean of School of Economics and Professor Wang Yongxin, Director of Fudan Greencourt Institue and Professor Sun Lijian, Director of Financial Research Center, Fudan University. 

At the beginning, Professor Jin Yijia warmly welcomed all the guests and introduced the academic background about Dr. Jin Keyu. She is an associate professor of Economics (with tenure) at the London School of Economics, and her research interests are globalization and the Chinese economy. She was born in Beijing, China,and got her B.A., M.A., and PhD from Harvard University. Her multiple academic works on international macroeconomic and China have been published in the top journals in economics, such as the 《American Economic Review》. During 2009-2017, she was on the editorial board of Review of Economic Studies. She writes widely on Chinese economy, and writes for the Project Syndicate, Financial Times, and Caijin Magazine in China. Previously, she worked for the World Bank, the IMF, and the New York Fed.  

As Dr. Jin Keyu showed, the China Shock was an important but unprecedented event. The global financial and trading system have never been the same again. Although the increasing export from China has led to the decline of employment in labor-intensive industries, totally, the employment rate of American has the up-trend. Secondly, China’s export has promoted global creativity. Thirdly, from consumer’s perspective, the export from China has led to lower price of commodity, but increased the diversity. Hence, Dr. Jin Keyu believed that “The China Shock” was not convincing, and the impact of China’s opening up to the world should be analyzed in a more integrated framework.