FORA Economy

Season 2010 Episode 0107

China's Economy in 2010: An NCUSCR Forum at the NYSE

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China's Economy in 2010: An NCUSCR Forum at the NYSE
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As China's economy influences the U.S. economy and financial markets, understanding its trajectory and the forces that will shape it in the coming year offers unique insight into the U.S. and global economies. In a National Committee on U.S.-China Relations forum, Dr. Justin Lin Yifu, chief economist and vice president of the World Bank and founder of the China Center for Economic Research, speaks about the paradigm shift in the global growth economic model. Dr. Lin had recently defended the Chinese government's currency exchange rate policy against calls for the renminbi to appreciate against the dollar.Following Dr. Lin, Dr. Qin Xiao, the chairman of the Chain Merchants Group, gives his perspective on China's economy. China Merchangs Group is one of China's largest and best-managed corporate conglamerates. The China Merchants Bank, a subsidiary, was rated No. 1 by the Wall Street Journal for leadership among all publicly-traded Chinese companies in 2009. Dr. Qin, who has a Ph.D. in economics from Cambridge University, had recently warned in the Financial Times that the stimulative loose monetary policy, if unchecked, may create asset bubbles in China.The National Committee is a nonprofit, nonpartisan educational organization that encourages understanding of China and the United States among citizens of both countries. The National Committee's continuity of experience and depth of associations with senior officials and distinguished citizens of China and the United States make it a unique national resource. The National Committee focuses its exchange, educational, and policy programs on international relations, economic development and management, governance and legal affairs, environmental and other global concerns, mass communication, and education administration -- addressing these issues with respect to the People's Republic, Hong Kong SAR and Taiwan.moreless
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