[Abstract] During the “13th Five-Year Plan” period or even a longer period of time to come, China will enter a new phase of opening up featuring all-round, deep-going and high-level opening and synchronized internal and external opening. New trends and features of opening up have emerged, and more are expected in the future. Open development, which is part of the innovative, coordinated, green, open and sharing development vision that will guide China’s development for the next five years and more, aims to promote reform and development through a higher level of opening up and turn China from a regional power into a global power. China’s opening-up strategy, which used to focus on “bringing in”, will put equal emphasis on “bringing in” and “going global” by making good use of domestic and international markets, resources and rules to foster the new competitive edge of opening up. We will take the initiative to adapt to, align with and guide the setting of international trade and investment rules of a higher standard, rather than passively accept and fit in with international standards and rules. The “Belt and Road” initiative raised by Mr. Xi Jinping is a major contribution China has made to the building of an open world. China will work with other countries and regions in building a community of shared interests, responsibility and future.
[Abstract] Recently, CCIEE held the 85th Monthly Economic Talk under the theme of “Analysis of Economic Situation in the First Half of the Year”. Speakers at the meeting indicated that although the global economy is facing many uncertainties, some new bright spots have emerged. For example, China remains the locomotive of global economic growth; Asia is becoming the gravity of global economic growth; and the global economy is entering an era of innovation-driven development. In the first half of the year, inflation pressure of China’s economy has eased, and more attention needs to be paid to the possibility of deflation. The following is suggested: first, pay close attention to the implications of Britain’s exit from the EU and speed up the supply-side structural reform; second, make better use of the policy tool of lowering deposit reserve ratio; third, adopt a prudent monetary policy and work out countermeasures for a possible economic downturn; and fourth, take multi-pronged measures to ensure price stability.
[Abstract] Before the international financial crisis, Turkey’s economy had maintained a high-speed growth for a long period of time. However, in a matter of only a few years, what used to be a much envied country has fallen into a mire of disputes and unrests. Worsening economic situation has exacerbated domestic problems, and strained relations with neighboring countries have seriously undermined the external environment for Turkey’s economic and social development. Beset with troubles at home and abroad, Turkey is facing a much more complicated situation.
【Abstract】Promoting the construction of "Healthy China" is the important measures to advance the reform of medical and health system and the inevitable demand to realize the grand Two Centenary Goals. With the central government’s finance or the centralized lottery welfare fund as the guide, the national fitness sports development fund can be set up with social capital. This is helpful to guide social capital to invest into sports fitness, to promote structural reform of the supply side in the sports industry, to improve the overall fitness level and to advance people’s health threshold .
【Abstract】Recently, CCIEE held the 84th Monthly Economic Talk themed at “New Progress in Establishing the New System of Open Economy”. All the participants agree that China is facing some new situations such as slowdown of global economic growth, decline of trade growth and accelerated global economic pattern evolution when China is trying to build its own new system of open economy. Therefore, we are in urgent need to seek new breakthrough in service trade, free trade zone development, two-way financial openness, system and mechanism reform and other areas so as to establish the new system of the resource allocation in accordance with open economy. We also need to overall coordinate the interactive relationship between opening up and reform, opening up and development to realize the sound development of open economy.
【Abstract】Britain’s exit from the EU or “Brexit” will have a significant economic impact. To assess such impact will be a big challenge, not only because of the complexity of the economic relations between the UK and other EU member states, but also the multiple possible patterns of connections the UK may have with the EU after its exit, such as the Norway model, Swiss model and the WTO model. Quite a number of research institutes and scholars have analyzed the economic consequences of a Brexit, and generally agreed that UK’s economy will suffer if it votes to leave, and may fall into recession in a more pessimistic scenario. We have seen the recent reactions of the international market, which will prompt the UK and EU to make prudent decisions to minimize the economic impact of Britain’s exit.
【Abstract】Recently, the Brexit referendum has become an international hot topic. The referendum is the result of several factors at work, and its chance of getting a yes vote is increasing. The world opinion is not in favor of Britain’s leaving the EU, as it has become a destabilizing factor in the international economic and financial markets. Research has found that the vote has mirrored the discrepancies between the UK and EU in the understanding of the goals and rules of European integration, and the strong public support for a Brexit has reflected the polarization of the British society. Further research shows that if Britain eventually leaves the EU, it may spur regional separatism in the country, posing a grave challenge to the political system currently in practice in the UK.
【Abstract】Recently, CCIEE held its 83rd Monthly Economic Talk with the theme of Cross-border E-Commerce: Development Trends of E -International Trade. Attendees at the meeting pointed out that cross-border e-commerce represents the future direction of international trade. It is of ground-breaking strategic significance for China, and will bring us huge development opportunities. For now, it is a novelty in its infancy. We need to stimulate its development with new thinking, new methodology and new management models, improve its regulation system, promote its transformation and upgrading, and establish an inclusive global trade system.
【Abstract】Recent remarks by Singapore Prime Minister Lee Hsien Loong about the Asia-Pacific countries wanting the United States to be more involved in regional affairs have shown that some countries have doubts about China’s growing influence in the region. China needs to clear up the doubts and increase influence in the region and is already in a good position to do so in terms of shared interests and values and institutional arrangements. It is desirable for China to enhance its ability to promote regional economic integration and consolidate economic, political, security and other elements for greater strategic synergy. It also needs to build a regional strategic barrier to deliver a higher coefficient of regional security cooperation and cement the achievements of regional trade and economic cooperation.
【Abstract】 Recently, CCIEE held the 82th economic monthly talk in the theme of analysis of the international and domestic economic situation in the first quarter. Participants pointed out that global economy in the first quarter presented five characteristics: slowdown of the international trade and investment, frustration of emerging economies as a whole, deepening of the global deflation level, continuously downward prices of bulk commodities and weak recovery of developed economies. China's economy in the first quarter assumed signs of short-term stabilization, however, it is still facing rather downward pressure. It is recommended that, on fiscal front, a proactive fiscal policy should continue to be adopted and the reform of the fiscal and taxation systems be accelerated and also, on monetary front, a neutral or loose monetary policy be pursued to promote financial reform and opening up.
【Abstract】The core of structure reform on supply-side is to remove through reform structural and systematic obstacles and restraints that are perplexing the long-term development of China’s economy so that the supply system is more suitable to the changing demand structure. In other word, a permanent cure is of significance to the structure reform on supply-side. The following five points are suggested to advance the reform: accelerating the market-oriented reform of fundamental production factors and improving resource allocation’s efficiency, boosting the reform of state-owned enterprises and reshaping market economy’s micro-units, removing unreasonable industrial threshold and monopoly and promoting effective competition, reforming the performance appraisal system of local officials, practically advancing the Belt and Road initiative, encouraging the model of capital market plus innovation and entrepreneurship and fostering new economic engine.
【Abstract】CCIEE held its academic commission meeting on current economic situation and its countermeasures, Wang Yiming, one of CCIEE academic commission members and Vice President of DRC believes that China’s economy is fluctuating with a downward trend, the main reason for it is the continuous decreasing investment in real estate, manufacture and infrastructure. A steady economic growth requires a stable investment, specifically a recovery of real estate investment, a substantial progress of de-capacity and new impetus that partly offsets the declining effect of old engine. De-capacity and de-stocking needs to rely more on market solution, deleveraging is a process of debt structure adjustment, it needs government to bear some of leverages first. Meanwhile, financial risk is not trivial and needs to be highly taken care of.
[Abstract] To implement the requirement put forward in the 13th Five-Year Plan that the supply-side structural reform shall be the key task, the connotation of supply-side structural reform should first be made clear and the misunderstanding be clarified. Currently, there should be clear understanding of the following four questions. Firstly, it doesn’t mean that the market demand can be neglected when the importance of supply is stressed. Secondly, the reasonability of money supply should not be judged only by the monetization rate, but also by the securitization rate. Thirdly, the increase of investment in environmental governance does not mean to slow down economic growth rather than to promote it. Fourthly, the separation of rural land ownership right and usufruct right is not contrary but conducive to the perfection of public land ownership realization way.
【Abstract】Recently, CCIEE held the 81st Monthly Economic Talk on theme of “Interpretation of the 2016 Government Work Report”. Participants agreed that the report is “original”, “practical” and “flexible”; it highlights the spirit of innovation, puts forward specific measures and is close to the people, setting out the guidelines for China’s future development. The period of the 13th Five-Year Plan will be crucial for China to grow from a major economy to an economic power, during which China will leap over “three traps”, achieve “four medium-to-high” goals, and become a country capable of delivering more benefits to its people and exporting cultural values and more esteemed in the world community. The report has three overarching themes: to stay committed to development as our top priority, steadily advance reform, and develop new growth areas.
【Abstract】On 23 February 2016, CCIEE held the 80th Monthly Economic Talk on the theme of “Implementing the FTA Strategy at a Faster Pace”. Participants agreed that China needs to build as soon as possible a network of FTAs, including purpose-specific free trade zones, by promoting faster progress in setting up FTAs with countries along the “Belt and Road”, upgrading cross-border economic cooperation zones with neighboring countries to FTAs, advancing the FTA process by category, and promoting FTA negotiations with major partners. It is suggested that China move more quickly to replicate the successful experience of Shanghai Pilot FTZ in other parts of the country and gain initiative in economic development by promoting opening-up programs more proactively. We also need to improve the system of regulation during and after investment under the mode of negative list by optimizing the national security review mechanism, promoting professionalism in anti-monopoly campaigns and fostering diverse forms of social platforms for joint regulation.
[Abstract] CCIEE recently held the 79th Monthly Economic Talk with the theme of “Striving to Build Smart Cities”. Speakers at the meeting expressed the view that smart city is an important means to solve urban problems, strengthen urban management and enhance efficiency in urban governance. “Internet plus” and big data should be used to make city management more efficient and people’s life more convenient. City planning should be forward-looking, comprehensive and authoritative. The concepts of putting people first, respecting nature, carrying on historical heritage and promoting green and low carbon development should be incorporated into the whole process of city planning and the industrial and urban functions of cities be integrated. Moving forward, the spatial structure of China’s economy will take a new pattern of “integrated development in Eastern and Central China and subsidized development in peripheral regions”, and an “open and interconnected” new urban system featuring “one network and five belts” will take shape.
Abstract: Recently, CCIEE held its 2015-2016 Annual Meeting of China’s Economy. Under the theme of Sharing Achievements & Promoting Coordinating Development at Parallel Forum II, delegates agreed that “sharing” and “coordinating” are the development concepts which fit the new normal. It is an inevitable requirement to deepen China’s poverty alleviation for building a comprehensive well-off society, and food and drug safety is the main part for the well-being of the people's livelihood. Increasing the supply of public service is the one of the twin-engine to help fuel the economic growth. Establishing a more equitable and sustainable social security system is an important means to implement sharing development. Harmonious and integrated urban and rural development is necessary to accelerate the new-type urbanization. Successful Implementation of the One Belt & One Road Initiative, the Yangtze River Economic Belt Strategy and Beijing-Tianjin-Hebei Co-development Strategy is required to provide new space for regional development.
Abstract: Recently, CCIEE held its 2015-2016 Annual Meeting of China’s Economy. Under the theme of Accomplishing Green Growth by Speeding Up Innovation at Parallel Forum I, delegates all agreed that China should speed up the development of its modern agriculture, implement its strategies of China Manufacturing 2025 and Internet Plus, and let the enterprises play the dominant role in innovation, improve its idea of dealing with climate change, expedite its energy production and consumption revolution, strengthen its efforts on the environment protection and pursue the road of sustainable development.
Abstract: CCIEE held its Annual Meeting of China’s Economy 2015-2016 last month. At the theme speech session and the special session of Deepening Reform and Opening up, Releasing Development Potential, participants pointed out that during the process of transforming into the New Normal of China’s economy, new paths should be explored for the economic management, and the baton should be adjusted for the economic performance. A more balanced adjustment mode should be in place for the effective demand and supply with the aim of promoting effective connection of short-term macro-control and long-term planning. Investment in innovation and soft infrastructure should be enhanced comprehensively with more focus on the
soft investment in innovation and R&D, labor capital, significant fundamental innovation, education, health-care, and public service so as to activate a new engine of China’s economic development. Meanwhile, benefits from international macro policy coordination should be actively valued.
Abstract: 0n 11 December 2015, CCIEE, together with British Embassy in China and CCIEE Shanghai Office, held the conference of Reforming China (Shanghai) Free Trade Zone Foreign Investment Regulatory System based on the Negative List Mode in Shanghai. Participants are officials from Shanghai, Shenzhen, Tianjin Free Trade Zones and famous scholars and experts on negative list researches. The participants exchanged views on practical experiences in managing free trade zones and solutions of the existing problems. They believed foreign investment management on the basis of negative list required a fair condition, in which information sharing is the foundation, core and key. Administrative management should be executed in a transparent, clear and standardized way. Legal support is needed for regulation in the course and afterwards.
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