On July 10, 2010, Tsinghua University Center for China in the World Economy (CCWE) successfully held its fourth forum, discussing Chinese and the world economies amidst the winds of change and volatility. Professor LI Daokui, Director of the CCWE and Member of the State Monetary Policy Committee, moderated the forum.

Forum panelists include scholars from the State Statistics Bureau, National Development and Reform Commission (NDRC) Economic Research Center, Huayuan Real Estate Development Group, the School of Economics of Peking University, Renming University, Goldman Sachs, Hongkong University of Science and Technology, Global Finance Institute and the CCWE. International panelists include Professor Nina Massis, Advisor at the Reinventing Bretton Woods Committee and Ousmène Jacques Mandeng, Head of Public Sector Investment Advisory, Ashmore Investment Management Limited.

Panelists of the forum

The forum is held under the dynamic circumstances where Chinese economy is experiencing a V-shaped rebound and the world economy seems to be on the verge of gradual recovery from the recession. However, the European sovereign debt crisis dramatically affected the world financial markets and slowed down the growth of the Chinese economy, making the expected structural transition more difficult to achieve. Concern over economic sustainability and policy uncertainty has mounted, and prospects for economic growth are cast in shadow. Debates and speculations on China’s economic and financial policies have arisen, especially on where the Chinese economy should direct itself.

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 historical and future perspectives.

A shot from the forum

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.

Tsinghua University has and will continue to invite top-level 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 among/inform participants and to provide a solid foundation for policy debate and recommendations. (Source: CCWE)