[P2P-F] China’s Economic Transformation in the New Media Era: From Economic Miracle towards Financial Bubbles and Crisis?

Christian Fuchs christian.fuchs at uti.at
Fri Jan 13 14:01:10 CET 2017

China’s Economic Transformation in the New Media Era: From Economic 
Miracle towards Financial Bubbles and Crisis?
Fri 3 February 2017
18:00 – 19:30 GMT
Univ of Westminster, London



This event hosted by Westminster Institute for Advanced Studies (WIAS) 
explores China’s economic development model since 2008. Public 
discussions about China’s economy tend to be fascinated by the high 
growth of China’s gross domestic product and to celebrate such figures 
as economic miracle.

In this context, often China’s Internet economy is presented as being 
the largest online market of users in the world and experiencing similar 
growth. In summer 2015, China saw a drop of its stock-market values. 
Commodity prices for oil, gold, food, iron, metal and coal fell on the 
world market. The Chinese economy’s growth rate slowed down. Will China 
see the bursting of financial bubbles and economic crisis? What are the 
underlying forces of China’s economic development? And what are the 
implications for the Chinese Internet economy?

The event will explore these questions in the form of two talks by 
experts on the Chinese economy – Dr Dic Lo and Dr Bingqing Xia. Dr Dic 
Lo (SOAS University of London) will speak about the financialisation of 
the Chinese econoy and the role of productive investment. Dr Bingqing 
Xia (research fellow at WIAS) will focus on the financialisation of 
capital accumulation process in the Chinese Internet industry. WIAS 
director Christian Fuchs will chair the event and discussion.

Other forthcoming WIAS events:

January 25: Building Community with the Help of Information and 


March 3: The Unreality of Reality TV: From After Dark towards Twitter, 
Big Data, and Big Brother

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