China-US Economists Symposium: A New Pattern of Sino-US Economic Relations

Adam S. Posen (PIIE), Nicholas R. Lardy (PIIE), Jeffrey J. Schott (PIIE), Robert Z. Lawrence (PIIE), Nicolas Véron (PIIE), Caroline Freund (PIIE), Jacob Funk Kirkegaard (PIIE), Steven R. Weisman (PIIE), Sean Miner (PIIE), Zhu Guangyao (Vice Minister of Finance, China) and Yu Yongding (Chinese Academy of Social Sciences)

Details

May 24, 2015
Beijing

Event Summary

The fourth annual China-US Economists Symposium between the China Finance 40 Forum (CF40) and the Peterson Institute for International Economics (PIIE) took place May 23-24, 2015, in Beijing. Under a broad theme of trade and investment, the conference focused on diverging monetary policies, global investment including the Belt and Road Initiative, the role of Internet finance in the Chinese and European financial systems, market-based finance versus traditional banks, and the future of trade agreements between China and the United States. The PIIE delegation engaged Chinese government officials and private sector representatives on these key issues for Sino-American cooperation as China approaches its G-20 presidency and the need for global infrastructure investment rises.

PIIE attendees included PIIE board member Sir Evelyn de Rothschild; president Adam S. Posen; senior fellows Nicholas R. Lardy, Jeffrey J. Schott, Robert Z. Lawrence, Nicolas Véron, Caroline Freund, and Jacob Funk Kirkegaard; Vice President for Publications and Communications Steven R. Weisman, and China Program Manager and Research Associate Sean Miner. More than a hundred Chinese government officials, scholars, and practitioners attended the conference, including Vice Minister of Finance Zhu Guangyao, Vice Mayor of Tianjin Yan Qingmin, China Development Bank Chairman Zheng Zhijie, Executive Vice President of China Investment Corporation Xie Ping, Former Export-Import Bank President and Chairman Li Ruogu, China Academy of Social Sciences (CASS) Senior Research Fellow Yu Yongding, CF40 Secretary-General Wang Haiming, and others.

In addition to participating in the symposium, the PIIE delegation also visited numerous groups in Beijing and Shanghai during May 19-26. In Beijing, the group visited Chinese government offices and other institutes, including the Central Leading Group for Financial and Economic Affairs, Ministry of Finance, China Investment Corporation, State Administration of Foreign Exchange, People's Bank of China, and the China Securities Regulatory Commission, among others. Discussions revolved around issues of trade, investment, monetary policy, global growth, and Sino-US relations. In Shanghai, the delegation met with the municipal government and the Shanghai stock exchange to discuss China's financial development and connectivity with the world financial system.

See also previous symposium:
China-Europe-US Economists Symposium: Reform—Challenges and Opportunities
May 17–18, 2014

Event Materials

PIIE Briefing 15-3: China's Economic Transformation: Lessons, Impact, and the Path Forward
September 2015