No. 4 | The Chinese and the World Economies amidst the Winds of Change and Volatility
On July 10, 2010, Tsinghua University CCWE successfully held its fourth forum focusing on the Chinese and the world economies amidst the winds of change and volatility. David Daokui Li, Director of CCWE and Member of the State Monetary Policy Committee, moderated the forum.
Forum panelists included those from the State Statistics Bureau, NDRC Economic Research Center, Huayuan Real Estate Development Group, Peking University School of Economics, Renming University, Goldman Sachs, HKUST, Global Finance Institute and Tsinghua University Center for China in the World Economy(CCWE). International panelists were Prof. Nina Massis, Advisor at the Reinventing Bretton Woods Committee and Mr. Ousmène Jacques Mandeng, Head of Public Sector Investment Advisory, Ashmore Investment Management Limited.
The forum is held under the dynamic circumstances that the Chinese economy is experiencing a trend of V-shaped rebound and the world economies seem to be on the verge of gradual recovery from recession, the European sovereign debt crisis breaks out, which has dramatically affected the world financial markets and slowed down the growth of the Chinese economy, making the expected structural transitioning more difficult to achieve. Concern over economic sustainability and policy uncertainty has mounted, and prospects for economic growth are cast in a shadow. Debates and speculations on China’s economic and financial policies have arisen, especially on what direction the Chinese economy should go. Serious issues addressed and discussed at the forum include: European sovereign wealth debt crisis, Euro and US dollar volatility, European economic structure reform and development potentials, economic policies adjustment and market challenges in EU countries, the role of G20 for the world economy, RMB in the world financial system, international financial structure reform and its impact on emerging markets, macroeconomic policies in China, Chinese people’s livelihood and real estate market, dilemma between economic development and inflation (deflation) in China, and observations on economic development from the historic and future perspectives.
The forum also released the most recent economic forecast and analysis on the Chinese economy for the second half of 2010, covering GDP growth, CPI trend, export and import, M2 supplies and capital investment.
As a timely and effective platform, Tsinghua University has and will continue to invite extraordinary policy makers, experts and business leaders, domestic and international, to address current and long-term Chinese domestic issues amidst the international political and economic environment. The objectives of the forum are both to brainstorm/inform and to provide a good basis for policy debate and recommendations.
