Organizer: Asia Society and the US APEC Business Coalition
Location: Asia Society, 725 Park Avenue, New York, NY
Date: January 14, 2014
Every year, Asia Society and the U.S. APEC Business Coalition organize a briefing to review issues discussed at the APEC CEO Summit, assess priorities for the coming year, and explore what these trends mean for the region’s future. This past year in Bali, Indonesia, as host to APEC, President Susilo Bambang Yudhoyono said that the grouping was more important than ever as its member economies continued to “feel the pain” of the global economic crisis. There was a conspicuous absence — President Barack Obama, bogged down by disputes in Washington, had to cancel his trip at the last minute. This left China and its President Xi Jinping solely in the spotlight and raised questions about U.S. influence in the region.
As Chair of APEC in 2014 China takes the reins in a period marked by change and uncertainty on both domestic and international fronts. Having completed the Third Plenum, the country’s new leaders are embarking on a series of reforms that aim to restructure China’s economy. Further, next year will bring developments in the Trans-Pacific Partnership and Regional Comprehensive Economic Partnership.
How will China’s domestic reform agenda impact the development of these free trade Initiatives and how can U.S. companies find their footing in an ever changing Asian business landscape? How will China’s economic headwinds impact Asia’s role as the driver of global growth and where does the U.S., a key member of APEC, fit into this major shift?