[Abstract]Recently, CCIEE held the 103rd “Monthly Economic Talk” with the theme of Economic Review of 2017 and outlook in 2018. Liu Xiangdong, Deputy Director of the Economic Research Department of CCIEE, and Mei Guanqun, Associated Researcher of the Strategic Research Department delivered their speeches respectively. The meeting was chaired by Li Deshui, Deputy Director of CCIEE Academic Committee and former Director of National Bureau of Statistics.
[Abstract]On December 22, 2017, the US President Trump has signed a 1.5 trillion USD tax reform bill. This reform is the largest tax reform since the Reagan administration’s tax reform in 1986 and has aroused widespread concern. All countries are discussing the spillover effect of the tax reform and a possible wave of tax reduction around the world. The author believes that it will take a long time to see the actual effect of the tax reform since the United States has not conducted such a drastic tax reform for 30 years. However, we should gain a better understanding of the US political parties, as the most prominent factor in the tax reform.
[Abstract] The speeches delivered by General Secretary Xi Jinping since the 18th CPC National Congress has elaborated systematically the new ideas and new strategies for China’s social development, which can be seen as an original and systematic summary of China’s experience in building the socialism with Chinese characteristics. It is not only in line with the party’s previous innovation in social theory, but also advancing with the times, forming a number of innovations in social theory.
[Abstract]On December 17, 2017, the Trump administration released its first national security strategy report since Trump took office, which will guide the US diplomatic security policy for some time. The report starts with the “America first” and considers the United States is in danger. Eternally, the US is faced with threats from China, Russia, rogue states (North Korea, Iran), extremist Islamic groups and other terrorist groups. Domestically, the criminal groups endanger community safety across the US. Plus, the unfair trade has weakened the US economy and made it a vulnerable target. The top priority of the incumbent government is to make the US more prosperous, secure and powerful. The report takes an extreme position toward China, and economic competition has become the focus of the report.
[Abstract]At the 102nd CCIEE Monthly Economic Talk, CCIEE released the research findings of 2017 China’s sustainable development index system and the ranking of cities and provinces in terms of sustainable development. The meeting participants discussed such issues as the assessment, practice, management and policies of China’s sustainable development.
[Abstract] Recently, CCIEE held the 100th Monthly Economic Talk under the theme of Interpretation of the Report of the 19th CPC Central Committee National Congress: Analysis of Chinese and International Economy. Chen Wenling, Chief Economist of CCIEE, and Xu Hongcai, Deputy Chief Economist of CCIEE delivered their speeches respectively. The meeting was presided over by Li Deshui, Deputy Director of the CCIEE Academic Committee and former Director of the National Bureau of Statistics.
[Abstract] Over recent years, many US think tanks have conducted much more researches on the investments made by Chinese enterprises in the US. Rhodium Group, a US-based think tank has followed the investment made by Chinese enterprises in the US since 1995. In March 2015, together with the National Committee on United States-China Relations, they jointly launched the report: New Neighbors: Chinese Investment in the United States by Congressional District, which caused wide public concern in the US. In 2017, the report was updated by the two organizations. The mainstream US think tanks usually prejudice Chinese enterprises, this report, however, is relatively rational and objective.
[Abstract] Recently, CCIEE hold the 99th Monthly Economic Talk under the theme of The next Generation of Trade: E-International Trade. Long Yongtu, former Vice Minister of the former Ministry of Economic and Trade Cooperation, Chen Wenling, Chief Economist of CCIEE and Xu Ping, President of Henan Bonded Zone Group delivered their presentations respectively.
[Abstract] Recently, CCIEE hold the 98th Monthly Economic Talk under the theme of Discussions on the “Land Law” Amendment. The experts had an in-depth discussion on the relationship between the economic reform and the amendment of the “Land Law”. They believe that the amendment of the “Land Law” should help to reform and transfer China’s economy.
[Abstract] Recently, CCIEE hold the 97th Monthly Economic Talk under the theme of Analysis of China’ Economy in the First Half of 2017. The speakers pointed out that the world economy has shown positive sign and is expected to experience the fastest growth, compared with the past few years. In the first half of 2017, China has further optimized its economic structure, achieved stable fiscal and financial performance, and obtained a better-than-expected economic growth of 6.9%. In the second half, the economy will continue to grow while maintaining its stability and the annual GDP growth will be no less than 6.7%. The authorities should make the best use of the favorite external environment, adapt to the New Normal of China’s economy, and expand the aggregate demand moderately. Furthermore, they should focus on the supply-side structural reform and achieve new breakthroughs in key areas, continue with the opening and reform policy as well as promote the cooperation of the belt and road initiative so as to form an open world economic system.
[Abstract] On June 14th, 2017, the Forum in Celebration of the 20th Anniversary of Hong Kong’s Return to the Motherland was held at Hong Kong Convention and Exhibition Center, under the theme of “China’s Outward Investment trends and Hong Kong’s Role”. Leung Chun-ying, Chief Executive of Hong Kong Special Administrative Region and Vice-Chairman of the Chinese People’s Political Consultative Conference, addressed the forum. Tian Guoli, Board Chairman of Bank of China, which is also the organizer of the forum, and five other speakers from the mainland, Hong Kong, Philippine government and think tank delivered their speeches respectively at the main forum. Wang Chunzheng, Director of CCIEE Consulting Committee, invited by the Hong Kong Chinese Enterprises Association, gave his speech at the main forum. This paper is a summary of his speech.
[Abstract]At the 96th Monthly Economic Talk “Research Findings Release of City Cluster Planning and Development in the Guangdong-Hong Kong-Macau Greater Bay Area”, held by CCIEE recently, the participants believe that the Guangdong-Hong Kong-Macau Greater Bay Area (the greater bay area) has a great foundation, high level of economic efficiency and huge potential for development. It is estimated that the greater bay area will overtake Tokyo and New York bay area to become the bay area with the world’s largest GDP by 2030. A vital task of the construction of the bay area is to make a good plan and realize innovative and coordinated development through integration to avoid industrial duplication and solve the land’s bottleneck problems through the enclave economic model.
[Abstract] Innovating the BRICS mode will help the BRICS nations to strengthen cooperation with other emerging economies, developing countries and international organizations. Furthermore, this will help them to build a wider partnership, enlarge their circle of friends and make the BRICS cooperation mechanism the most influential platform for south-south cooperation. In the next decade, BRICS should promote the mode of “BRICS+ new members” gradually, foster the mode of “BRICS+ regions” comprehensively, and be selective when advancing the mode of “BRICS+ international organization”, so as to inject new impetus to the cooperation and development of BRICS nations.
[Abstract] Recently, CCIEE held the 95th Monthly Economic Talk with the theme of policy changes of Trump administration and how should China respond to them? The participants interpreted the changes in foreign and economic policies since US president Trump took office. They pointed out that despite the positive development of the China-US relations, the two nations also face great challenges. Therefore, the two countries should seize opportunities to further develop economic and trade relations, and strengthen cooperation in the fields of infrastructure, manufacturing and high-tech. At the same time, they should well prepare themselves for any possible economic and trade frictions as well as controversial topics such as the depreciation of RMB.
[Abstract] How to support the building of the Belt and Road is an important topic of the 2017 China’s International Big Data Expo, held recently in the city of Gui Yang, China. The participants believe that big data has brought a great deal of opportunities for the Belt and Road. The advantages of big data and cloud service will provide relevant countries with the smart-city solution and bespoken manufacturing plan, and offer inclusive financial services to small and micro enterprises. All these measures will also help China to reduce its services trade deficit effectively. In order to promote information-sharing and help relevant countries with their integration of digital and real economies, China should establish an information connectivity mechanism for countries along the belt and road to ensure cross-border information flow, and build a platform for information exchange.
[Abstract] Wu Den-yih’s victory in the party chairman election of the Kuomintang (KMT) shows that the pan-blue is in line with the political election trend in Taiwan province. The positive influence of the two-strait relations is expected to shrink after the election. Whether or not the KMT will prevail over Democratic Progressive Party (DPP) in the future remains uncertain. Undoubtedly, KMT will form great pressure on the DPP after its adjustment. If the DPP continues to manipulate the allegation of Taiwan’s independence, the risks associated with the cross-strait relations will increase. Whether KMT is able to ensure that the cross-strait relations will be moving in a positive direction, deepen the “1992 consensus” and oppose the allegation of Taiwan’s independence firmly, need further observation.
[Abstract] At the parallel roundtable discussions of the 5th Global Think Tank Summit, participants had in-depth discussions on such issues as the new situation of globalization, global sustainable development, the Belt and Road, the connectivity of national strategies, regional and global security. They noted that the trend of globalization is irreversible, the building of the Belt and Road has brought new positive energy for global development and governance. Countries around the world should focus on regional and global security risk, lead the building of the Belt and Road and global sustainable development with innovation and green development. As for think tanks, they should play a bigger role in policies coordination and offer recommendations on promoting global sustainable development.
[Abstract] At the 5th Global Think Tank Summit, recently held in Beijing, participants believe that the inverse of globalization has emerged around the world. Despite the weak global economic recovery, globalization remains to be the trend of global development and it brings both significant challenges and opportunities. All nations should work together to promote trade and investment facilitation, strengthen cooperation in different fields, push forward global development and embrace a better globalization era by reforming global governance. They also gave positive feedback on the role played by think tanks in globalization.
[Abstract] The Chinese and foreign participants of the Thematic Session on Think Tank Exchanges of the Belt and Road Forum for International Cooperation, agreed on that the Belt and Road Initiative is a completely new way and mode of international cooperation, a remarkable milestone and an effective solution to promote new globalization. Furthermore, they hope that the initiative can be further opened to more nations and think tanks should play a positive and leading role in the building of the Belt and Road.
[Abstract] The Belt and Road Initiative, the global strategy of China’s peace and development and the harmonious and win-win global development have opened a new chapter for China’s development. At the same time, China is also faced with great challenges, for instance, it needs to face the unprecedented challenges of global governance, cope with the lack of momentum of global economic and trade, improve the new concept and system of global governance. Therefore, China should make the Belt and Road Forum for International Cooperation a regular event, establish an international cooperation committee and risk prevention mechanism. Furthermore, to connect the Belt and Road with Asian Infrastructure Investment Bank and release their potential, and make the coordinated plan for the two core regions of the initiative, Xinjiang and Fujian. Finally, China should promote coordinated development of the Yellow River Bay region and gives the guiding role of culture into play.
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