The New Era of Chinese Economy and China's Financial Opening-Up

The Peterson Institute for International Economics (PIIE) and the China Finance 40 Forum (CF40) held the third annual PIIE-CF40 China Economic Forum on “The New Era of Chinese Economy and China’s Financial Opening-up” on January 11, 2018.

The first panel, “Interpreting the ‘New Era’ of Chinese Economy,” featured former chairman of China Merchants Group and China Merchants Bank; Justin Yifu Lin, professor at Peking University’s National School of Development and former chief economist at the World Bank; Chad P. Bown, PIIE senior fellow; and Nicholas R. Lardy, PIIE Anthony M. Solomon Senior Fellow.

The second panel, “Chinese Monetary Policy and Global Financial Cooperation,” featured Dong HE, deputy director of the Monetary and Capital Markets Department of the International Monetary Fund; Haizhou HUANG, a CF40 member and managing director of the China International Capital Corporation; Olivier Jeanne, PIIE senior fellow; and Adam S. Posen, PIIE president.

Yiping HUANG, chairman of the CF40 Academic Committee and deputy dean of Peking University’s National School of Development, presented the 2017 Jingshan Report during the luncheon panel. The report offers a comprehensive and indepth analysis of key areas of China’s financial opening, e.g. market access, exchange rate reform, capital controls, and offers candid policy recommendations. Tim Adams, president and CEO of the Institute of International Finance, and Joseph E. Gagnon, PIIE senior fellow, provided commentary.

The last panel discussion, “Outlook for Sino-US Economic Relations,” included Shanwen GAO, chief economist, Essence Securities; Jiming HA, CF40 senior fellow; Gary Clyde Hufbauer, PIIE Reginald Jones Senior Fellow; and Jeffrey J. Schott, PIIE senior fellow.

Agenda

Opening [video]
Adam Posen, Peterson Institute for International Economics (PIIE)
Yiping HUANG, China Finance 40 Forum and Peking University’s National School of Development

Panel 1: Interpreting the 'New Era' of Chinese Economy [video]

Moderator: Hong LIANG, China International Capital Corporation

Speakers:
Xiao QIN, China Finance 40 Forum
Justin Yifu Lin, Peking University’s National School of Development
Chad P. Bown, PIIE, "Trade Policy Developments Affecting China" [presentation]
Nicholas R. Lardy, PIIE, "Interpreting the 'New Era' of Chinese Economy" [presentation]

Panel 2: Chinese Monetary Policy and Global Financial Cooperation [video]

Moderator: Jeromin Zettelmeyer, PIIE

Speakers:
Dong HE, International Monetary Fund, "Financial Conditions and Growth At Risk" [presentation]
Haizhou HUANG, China Finance 40 Forum and China International Capital Corporation
Olivier Jeanne, PIIE, "Chinese Monetary Policy and Global Financial Cooperation" [presentation]
Adam S. Posen, PIIE

Panel 3: Release of 2017 Jingshan Report [video]

Moderator: Jiming HA, China Finance 40 Forum

Presenter:
Yiping HUANG, China Finance 40 Forum and Peking University’s National School of Development, "New Phase of China's Financial Opening" [presentation]

Commentators:
Tim Adams, Institute of International Finance
Joseph E. Gagnon, PIIE

Panel 4: Outlook for Sino-US Economic Relations [video]

Moderator: Nicholas R. Lardy, PIIE

Speakers:
Shanwen GAO, Essence Securities, "China’s supply side reform and its real estate market" [presentation]
Jiming HA, China Finance 40 Forum, "China-US Economic Relation" [presentation]
Gary Clyde Hufbauer, PIIE, "Outlook for US-China Trade & Investment" [presentation]
Jeffrey J. Schott, PIIE, "Outlook for US-China Trade & Investment" [presentation]