Jing Ulrich, Managing Director and Chairman of China Equities and Commodities at JP Morgan, spoke on the Asian Economies Post-Crisis Panel at the Salzburg Global Session "Emerging Asian Powers: Rivalry and Global Responsibility."
According to her, China's impressive recovery resulted from a substantial increase in government spending and a massive state-directed easing of credit, channeled through its well capitalized banking system. She argued that the banks still had plenty of unused lending capacity left to counter any risk of a future downturn. She said China's households seem to finally be beginning tp spent and invest giving a consumption-led push to the economy.
Jing Ulrich is J.P. Morgan's managing director and chairman of China Equities and Commodities, where she is leading the expansion of J.P. Morgan's equity business both in China and worldwide.
She serves as an advisor to asset management companies, pension and sovereign wealth funds, and to Chinese institutions seeking to invest overseas.
Ms. Ulrich has received numerous industry accolades for her work as a China watcher; in September 2009 she was ranked as one of Fortune Magazine's 50 most powerful global businesswomen.
Prior to joining J.P. Morgan, she was Managing Director of Greater China equities at Deutsche Bank. She also spent over eight years at Credit Lyonnais Securities Asia. Ms. Ulrich was educated at Harvard and Stanford Universities.