Michael Forsythe and Henry Sanderson, both at Bloomberg News in Beijing, are the authors recently of the book China’s Superbank: How China Development Bank is Rewriting the Rules of Finance. This talk will be about their new book, and about their many years of being journalists in China. Forsythe & Sanderson broke the story of the family wealth of Xi Jinping, China’s paramount leader.
About the book:
Few people outside of China have even heard of it, but China Development Bank may be the world’s most powerful financial institution in the world, argue award-winning Bloomberg News reporters Henry Sanderson and Michael Forsythe. The bank, led for the past 15 years by Chen Yuan, son of one of the PRC’s founding fathers, is the enabler of the government’s policies both at home and abroad, having invented the system of local finance that helped China weather the global financial crisis and lending billions of dollars in Latin America, Africa and Asia to power the global expansion of China’s biggest companies and to secure energy supplies.
But this is not just a book about a bank, it's a book about China's economic system, from the ''secret sauce'' of urbanization and infrastructure spending that drives growth domestically to the motivation behind the ''going out'' policy of China's premier companies that is causing friction with the U.S. and Europe
About the authors:
*Michael Forsythe* has been a reporter and editor for Bloomberg News since 2000. Prior to that, he was an officer in the United States Navy for seven years. Since returning to Beijing in 2009, Mike has focused on policy and politics. He is a graduate of Georgetown University (with a BA in international economics) and Harvard University (with an MA in East Asian regional studies).
*Henry Sanderson* has been a Beijing-based reporter for Bloomberg News since April 2010. Prior to that, he was a reporter for the Associated Press in Beijing and Dow Jones in New York. He is a graduate of the University of Leeds (with a BA in Chinese and English literature) and Columbia University (with an MA in East Asian Studies).
To reserve a seat, please RSVP here: RSVP Link, we will be in touch once your seating has been confirmed.
To view an introduction to the book, please click here (PDF).
This event is sponsored by NYU China House.