On April 24, 2010, Tsinghua SEM’s Center for China in the World Economy (CCWE) successfully held its third forum entitled “the Chinese Macroeconomic Policies amidst the World Economic Uncertainties.”

Professor LI Daokui, Director ofCCWE and a member of the State Monetary Policy Committee, moderated the forum and panel discussion. Keynote speakers at the forum include: ProfessorXIE Weihe, Vice President of Tsinghua University, Professor LIAO Li, Associate Dean of Tsinghua SEM, Director of the EMBA Program, and DU Yuejin, Chief Editor ofEconomic Information Daily, Xinhua News Agency.

Panelists of the forum includeMA Xiaohe, Vice President of the Academy of theNational Development and Reform Commission(NDRC) Macroeconomic Research,Il Houng Lee,Senior Resident Representative, International Monetary Fund (IMF), LIAO Qiang, Director of Ratings for Financial Institutions,Standard & Poor’s (China), PAN Shiyi, Chairman of the Board, SOHO China, YUAN Gangming,CCWE Research Fellow and Director of Chinese Academy of Social Sciences (CASS) Economic Research Center, and LEI Dingming, Professor of Hong Kong University of Science and Technology.

The forum, from a perspective of the global economic uncertainties, briefed the audience about Chinese economic dynamics. The forum believes that although Chinese economy has outperformed many of other power states in the global crisis and has come out with a strong recovery, China is facing a series of new issues and challenges: rising CPI and inflation pressure, hiking real estate prices, potential dangers implied in asset price bubbles, as well as increasing costs of government stimulus programs. Emerging social problems present tough challenges for Chinese policy makers: what measures should be taken? How could the government achieve a balance-off in economic, political and social terms? How to ultimately foster further economic growth and maintain both economic and social stability?

The information delivered and the views expressed by the panelists focused on the dilemmas in Chinese economy as well as governmental monetary and financial policy challenges with reference to global economic imbalances. According to panelists, the over-flow of capital in the market may have caused the rising pressure on inflation and the asset bubbles. The topic of RMB exchange rate and financial institution rating from Standard and Poor’s also came out as hot issues in discussion.

CCWE has and will continue to invite extraordinarypolicy makers, experts and business leaders from home and abroad to address current and long-term Chinese domestic issues amidst the international political and economic environment. The objective of the forum is to brainstorm among specialists, inform the audience, and to provide a solid basis for policy recommendations. (Source: CCWE)