The U.S. and China have seen remarkable economic growth born out trade relationships between the two global superpowers, but that relationship is now at a crossroads. Weijan Shan, Executive Chairman at PAG and seasoned investor with decades spent working between the U.S. and China, sat down with Anthony Scaramucci to offer his perspective on the two countries' evolving relationship. Shan analyzed the state of China's economy, escalatory policies between the countries and investment opportunities in China. He then discussed the role of AI industries in the relationship, China's changing demographics and ultimately both countries' shift towards heavier trade with geographic neighbors.
Speaker:
- Weijian Shan | Executive Chairman, PAG
- Anthony Scaramucci | Chairman, SALT
Weijian Shan is the executive chairman and co-founder of PAG - an Asia-based and focused private equity firm with more than USD50 billion in capital under management. Between 1998 and 2010, he was co-managing partner of the private equity firm Newbridge Capital (now known as TPG Asia) and a partner of TPG. Shan was a managing director of JP Morgan, where he was concurrently the chief representative for China between 1993 and 1998. He was an assistant professor at the Wharton School, the University of Pennsylvania between 1987 and 1993. He also worked at the World Bank in 1987 as a member of its Young Professionals Program. Shan is a Trustee of the British Museum. He is also a member of the International Advisory Council of Hong Kong Exchanges and Clearing Limited, and an independent director of Alibaba Group. Shan is the author of Out of the Gobi: My Story of China and America (2019), Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank (2021) and Money Machine - A Trailblazing American Venture in China (February 2023). He has published commentaries in the likes of The New York Times, the Wall Street Journal, the Financial Times, the Economist and Foreign Affairs. Shan holds an M.A. and a Ph.D. from the University of California, Berkeley, and an M.B.A. from the University of San Francisco. He graduated with a major in English from the Beijing University of International Business and Economics.
SALT iConnections New York returned to Manhattan's west side for two days of thoughtful panel discussions with leading figures across finance, technology and public policy. Through the iConnections platform, the event also brings together over 2,000 asset allocators, asset managers and entrepreneurs for curated capital introductions.
The event takes place May 20-21, 2024 at the The Glasshouse in New York City. Recorded May 20.
SALT is a global thought leadership and networking forum encompassing finance, technology, and public policy.
To learn more, visit www.salt.org/events/2024-new-...
𝐅𝐨𝐥𝐥𝐨𝐰 𝐒𝐀𝐋𝐓 𝐨𝐧 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚:
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Chapters:
0:00 - State of China's economy
2:20 - US-China history & tariffs
8:15 - Worries of escalation
10:18 - Investment opportunities in China
14:30 - Artificial Intelligence
18:30 - China's demographic concerns
21:38 - Analyzing sectors for investing
24:31 - China's neighbors
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