Faculty Global Activity, global network

Darden’s Involvement with the UVA China Office Opening

By Kate Beach-

On 6-7 March, the University of Virginia celebrated the opening of its China Office in Shanghai. The purpose of the new office is to facilitate connections, strengthen academic programs, engage alumni and prospective students, and provide UVA outreach to China.

The top-level delegation from UVA included Dean Robert F. Bruner, Marc Johnson, Executive Director of the Center for Global Initiatives, and Dennis Yang, the Dale S. Coenen Free Enterprise Professor of Business Administration.

Dean Bruner with the UVA Delegation at the UVA China Office Opening Urbanization Conference.
Dean Bruner with the UVA Delegation and U.S. Consul General at the UVA China Office Opening Urbanization Conference.

 

Dean Bruner, Marc Johnson, Dennis Yang
The “China’s Urbanization: The Next Challenge” showcased Darden and UVA thought leadership in economics and development, as well as architecture. Dennis Yang led a panel  discussion with Lin Zhou, Dean of the Antai College of Economics and Management at Shanghai Jiao Tong Univeristy, Ming Lu, Distinguished Professor and Director of the Center for China Development Studies at Shanghai Jiao Tong University, and Haiming Tu, Chairman of Hodoor Real Estate Development. Some of the key takeaways of the discussion included:

  • The unprecedented rate of urbanization in China over the past 20 years has driven significant economic growth and transition, but now poses some real risks for continued sustainable growth and development.
  • One significant potential risk is the possibility of a real estate bubble driven by this urbanization and overvaluation of real assets that could cause serious problems in the financial system if not properly managed.
  • There are also serious challenges to environmental sustainability related to urbanization, including the energy demands related to urban centers, urban planning and transportation needs, etc. that need to be considered as urbanization continues.
  • There are opportunities to address some of these challenges through further liberalization of the market economy in these areas that could help to correct some potential misallocation of resources.  These challenges do not necessarily represent market failures but rather a need for further liberalization.
Dennis Yang leads the Urbanization panel discussion on business and economics development .
Dennis Yang leading the urbanization panel discussion on business and economics development.

The Darden Global Business Experience to China, a group of 19 students led by Professor Marc Lipson, attended the evening Gala reception at the UVA China Office Opening as a kick-off for their week-long intensive business exploration of Shanghai.  The China Global Business Experience explores how the unique characteristics of China influence business conduct both by Chinese and non-Chinese enterprises within and outside of China.

Dean Bruner and Marc Lipson connect at the UVA China Office Opening Events, which also served as the kick-off for the Darden China Global Business Experience.
Dean Bruner and Marc Lipson connect at the UVA China Office Opening Events, which also served as the kick-off for the Darden China Global Business Experience.

 

Dennis Yang and Marc Johnson with XXXXX
Dennis Yang and Marc Johnson with prominent Darden alumni at the UVA Office Opening Gala Reception.