The 6th CF40-PIIE Sino-US economist academic exchange activities started

The 6th "CF40-PIIE Sino-US Economist Academic Exchange Activity" kicked off this week

Chinese and American economists gather in China's economic and trade relations and globalization under the new situation of Beijing

In today's world, the most important bilateral economic and trade relationship is Sino-US economic and trade relations. How to develop Sino-US economic and trade relations is not only related to the two countries, but even affects the world. Under the background of the current counter-globalization trend and the great uncertainty of Trump's economic policy, profoundly reflect on the root causes of Sino-US trade imbalance and explore how to establish a credible bilateral economic and trade cooperation framework. Particularly important.

In order to find the answers to the above questions, the China Financial Forty Forum (CF40) and the Peterson Institute for International Economics (PIIE) will jointly host the 6th CF40-PIIE Sino-US Economist Academic Exchange on May 7. Dozens of economists from China and the United States have once again gathered in Beijing to offer advice and suggestions for bilateral economic and trade relations and globalization.

The guests of this academic exchange have a strong lineup, extensive and in-depth topics. Under the theme of "China-US Economic and Trade Relations and Globalization under the New Situation", Chen Yuan, Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference, Chairman of the CF40 Standing Council, CF40 Academic Advisor, and Yu Yongding, Member of the Faculty of World Economics and Politics of the Chinese Academy of Social Sciences , CF40 Academic Advisor, Dean of the National Finance Research Institute of Tsinghua University, Zhu Yong, former Vice Minister of Foreign Trade and Economic Cooperation Long Yongtu, CF40 Academic Committee, Deputy Director of the Development Research Center of the State Council Long Guoqiang, CF40 Senior Researcher Guan Tao, PIIE Director Adam Posen Senior Fellow of PIIE, former Chairman of the White House Council of Economic Advisers, Jason Furman, PIIE Anthony M. Solomon Senior Research Fellow Nicholas Lardy, PIIE Visiting Fellow, US Treasury Deputy Secretary Nathan Sheets, etc. Economists of national conditions and economic and trade policies will focus on Trump's new economic and financial policies, the restoration of the international system, monetary cooperation and conflicts within the G20, the prospects and challenges of Sino-US trade and investment, and the impact of US economic policy adjustments. The topic started to discuss and discuss. The support organization of the "CF40-PIIE Sino-US Economist Academic Exchange Conference" is China Huaxin Energy Co., Ltd.

The first release of the "CF40-PIIE Joint Report (2017)" (hereinafter referred to as "Joint Report") is a highlight of this academic exchange. In the "Joint Report", CF40 and PIIE researchers analyzed the current status and problems of China, the US in trade, investment and exchange rate policy, and discussed the possible economic policies of the new US government and its The economic impact and suggestions on how to achieve Sino-US cooperation and win-win situation. Guan Tao and Adam Posen will jointly publish the Joint Report at the conference site, introduce the main contents of the Joint Report, and answer questions on relevant issues with the members of the research team. In June of this year, CF40 and PIIE will also hold a US conference on the Joint Report in Washington.

During this exchange, the CF40-PIIE delegation will visit the China Banking Regulatory Commission, the China Securities Regulatory Commission, the SAFE, the National Development and Reform Commission, the Ministry of Commerce and other institutions, as well as the State Council leaders. PIIE will also hold a theme dinner with CF40 and Northern New Financial Research Institute (NFI) to discuss issues such as challenges and responses in the context of potential growth slowdown in China and the United States, and unified governance in a diversified international monetary system.

In September this year, the two sides will also hold the "CF40-PIIE Sino-US Summer Palace Talks" in Beijing, inviting Chinese and American financial and economic officials to participate in the talks in their personal capacity to discuss the issue of China-US monetary policy and financial stability in an unofficial form.

"CF40-PIIE Sino-US Economist Academic Exchange Activities" is the highest-end and most stable private independent think tank exchange mechanism in the economic and financial fields of China and the United States. In 2012, in order to strengthen in-depth exchanges and mutual understanding with Chinese economists, PIIE sent a large-scale economist delegation to China for the first time to participate in the first Sino-US economist academic exchange meeting with CF40, the Sino-US economy. An important unofficial communication door in the academic world has since opened. The members of the US delegation at that time included C. Fred Bergsten, then PIIE Director, Nicholas Lardy, a well-known economist who studied China, and Carmen Reinhart, who studied debt issues. Bergsten recalled the original intention of holding an academic exchange with CF40. : "Whether China's reform direction will change, China's development model, etc. are issues that we are particularly concerned about. We can also learn a lot from China."

Since then, CF40 has been in conjunction with PIIE for five consecutive years, each time holding a 1-2 week academic exchange series activities, has been widely participated by experts from both China and the United States, and achieved a series of results. The results of the “CF40-PIIE Sino-US Economist Academic Exchange Activities” have been submitted to the relevant decision-making departments for reference in the form of internal publications and reports, and have attracted the attention of relevant leaders. In addition, the exchange results were published in the academic journals "New Financial Review", newspapers and other media, and were published as "Great Power Dialogue" (formerly known as "Big Collision").

Vice Chairman of the National Committee of the Chinese People's Political Consultative Conference, Chairman of the CF40 Standing Council Chen Yuan, Governor of the People's Bank of China Zhou Xiaochuan, CF40 Academic Advisor, Vice Governor of the People's Bank of China Yi Gang, and Vice Minister of Finance Zhu Guangyao were all released during the CF40-PIIE exchange event. The speech. During the 5th CF40-PIIE Sino-US Economist Academic Exchange Conference in 2016, Vice Premier Wang Yang met with the PIIE delegation.

In 2013, CF40 began to send a delegation of Chinese economists to the United States. From 2013 to the beginning of 2015, the CF40 expert delegation went to the United States three times to discuss economic and financial issues such as Sino-US trade and investment, economic growth and risk, and monetary policy, as well as think tank management experience and mechanism, and channels and mechanisms for providing decision-making consultation. The topic is to communicate with American experts.

In October 2015, CF40 and PIIE jointly held the first CF40-PIIE China Economic Forum in Washington, DC, with the theme of “China Financial Stability”. During the period, the CF40 expert delegation visited the US Foreign Affairs Committee, the New York Federal Reserve and Citibank. In October 2016, the second CF40-PIIE China Economic Forum was held in Washington. More than 100 experts from China and the United States discussed the "China's economic situation and financial reforms" at the meeting. During the period, the CF40 experts visited the International Monetary Fund, the Federal Reserve, the US Treasury, the White House Economic Advisory Committee, the US National Security Council, and the International Finance Association to conduct dialogues on topics of mutual interest.

CF40 was established in April 2008. When the global financial crisis broke out, China urgently needs to understand the economic and financial situation and policy changes of countries, especially developed countries. The international community is also curious about the rapidly rising China and is extremely eager to listen. The voices of Chinese scholars, market participants, government officials, and former government officials. Therefore, since its inception, CF40 has shouldered the mission of continuing to expand international exchanges and cooperation.

At present, the CF40 has formed a stable and fruitful communication mechanism with several top international think tanks including PIIE, American Brookings Institution, Japan Nomura Research Institute, and European 50-person Forum. Since its inception, CF40 and Nomura Research have jointly organized six sessions of the “Sino-Japanese Economist Academic Exchange” series, joining the European 50-person Forum (Euro50Group), the Brookings Institution and the Canadian International Economic Governance Innovation Center. (CIGI) held two academic exchange meetings between Chinese and American economists, and conducted academic exchanges with think tanks such as the Bruegel Institute in Europe.

In 2015, CF40 officially launched the “CF40 Belt and Road + Global Access Program” and visited the United States, the United Kingdom, Pakistan, the United Arab Emirates, India and Singapore to visit local government agencies, think tanks and commercial organizations. China's "One Belt, One Road" strategy, developed countries' monetary policy and financial supervision, and the internationalization of the renminbi have initiated dialogues and exchanges with political leaders and experts from various countries.

The CF40 and its Shanghai New Financial Research Institute (SFI) and the Northern New Financial Research Institute (NFI) have also organized international exchange lunches and dinners, and international politicians, economists or international organizations from many countries. The key issues and hot issues in the economic and financial fields were discussed. IMF President Lagarde, former Federal Reserve Chairman Paul Volcker, former US Treasury Secretary Henry Paulson, IMF Vice President David Lipton, US Treasury Vice Minister Nathan Hitz, Nobel Economy Scholars such as Michael Spencer and Joseph Stiglitz attended the CF40 International Dinner and delivered keynote speeches. Internationally renowned experts such as Stiglitz, Spencer, and Fukui Toshihiko and Nicholas Stern have been invited to serve as CF40 international consultants.

Today, continuous expansion of international exchanges and cooperation has become a daily work of the CF40. The Department of International Cooperation and Communication of the CF40 Secretariat regularly sends the research results of the Forum to the world's leading think tanks, relevant government departments and large financial institutions by regularly sending Newsletter, etc., so that the international economic and financial community can better understand China's economic and financial reforms. With open directions and processes.

“In addition to the official communication channels, domestic and foreign scholars and independent researchers, senior executives and market participants need an inclusive and representative civil communication channel. A series of international academic exchanges led by CF40 It just made up for this gap and made groundbreaking work." Many scholars who have participated in the CF40 international academic exchange activities are evaluated.