Nick Hope will consider the extent to which China has moved closer to the goals of an efficient enterprise system and a functioning banking system, and give his views on what is still needed to atttain both objectives. After China decided to implement the "socialist market economy" in a landmark decision of the Party Congress in November 1993, economic policy makers were challenged to introduce sweeping reforms that affected all aspects of the Chinese economy. Despite the apparent need to advance on all fronts simultaneously, enterprise reform and financial system reform lagged noticeably. But in the new millennium, China has been better positioned to tackle the problems of both enterprises and banks and has approached those problems with more urgency and greater purpose.

Masahiko Aoki, Senior Fellow, Shorenstein Asia-Pacific Research Center will moderate.

This series is co-sponsored with the Center for East Asian Studies at Stanford University.