Chinese Financial System and US-China Trade Conflict


November 6, 2019, 9:00 AM to 11:30 AM EST
PIIE Webcast, Washington, DC

HUANG Yiping (China Finance 40 Forum and Peking University’s National School of Development), Nicholas R. Lardy (PIIE), GAO Shanwen (Essence Securities), HE Jianxiong (former executive director for China, International Monetary Fund) and Mary E. Lovely (PIIE)

Event Summary

The Peterson Institute for International Economics (PIIE), jointly with China Finance 40 Forum (CF40), held the fifth annual China Economic Forum on November 6, 2019. The forum consisted of two expert panels: The first covered China’s financial system and its impact on the outlook for the Chinese economy, and the second was on the rules of engagement in the US-China trade conflict.

HUANG Yiping, chairman of the CF40 Academic Committee and deputy dean at Peking University’s National School of Development, led off the first panel with a presentation on “Financial Innovation Sustains High-quality Economic Growth in China,” to release CF40’s latest Jingshan Report. Nicholas R. Lardy, PIIE’s Anthony M. Solomon Senior Fellow, provided his insights on the outlook for the Chinese economy with an emphasis on the challenges facing China’s financial system.

The second panel discussion focused on “How to Manage the Boundary of US-China Trade Disputes.” Speakers included GAO Shanwen, member of the CF40 Academic Committee and chief economist at Essence Securities, on effective approaches to the US-China economic negotiations for a mutually beneficial outcome; HE Jianxiong, CF40 invited guest and former executive director for China at the International Monetary Fund, on how to manage China-US trade disputes; and Mary E. Lovely, senior fellow at PIIE and economics professor at Syracuse University's Maxwell School of Citizenship and Public Affairs, on the importance of continued Chinese financial liberalization to reduce current trade tensions.