In a National Committee on U.S.-China Relations forum, five leading economists from the China Center for Economic Research (CCER)focus on the influences on China's economy in 2010.
In the first panel discussion, moderated by Prof. Wu Ho-Mou, deputy director of CCER, Professor Lu Feng gives an economic forecast based on studies by CCER and other Chinese think tanks; Wang Jian-Ye, chief economist at the China Export-Import Bank, speaks on expansionary monetary policies in industrialized countries; Dr. Xiao Geng, director of the Brookings-Tsinghua Center, discusses China's exchange rate.
The second panel, moderated by Stephen Orlins, president of the National Committee on U.S.-China Relations, focused on the future of China’s economic model. Professor and Deputy Director Yao Yang of CCER discusses China’s reliance on an export-led growth model, household savings rates, Chinese consumer behavior and the Chinese economy. CCER Professor Huang Yiping speaks on the prospect of rebalancing China’s economy, economic investment and market distortions affecting the economy and development.
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Bio
Dr. Yiping Huang
Huang Yiping is a professor of economics at the China Center for Economic Research of Peking University and the Crawford School of Economics and Government of Australian National University. Prior to returning to academia in mid-2009, Dr. Huang was the managing director and chief Asia economist for Citigroup, based in Hong Kong, the General Mills International Professor of Economics and Finance at Columbia Business School in New York, director of the China Economy Program at Australian National University in Canberra, and policy analyst with the Research Center for Rural Development of the State Council in Beijing. He has also been consultant to international organizations such as IMF, World Bank, OECD and ADB.
Dr. Huang has published numerous journal articles and academic books, including Growth without Miracles (co-edited with Ross Garnaut, Oxford University Press), China's Last Steps across the River (Asia Pacific Press) and Agricultural Reform in China (Cambridge University Press). His current research focuses on macroeconomic policy, international finance, rural development, and Chinese and Asian economies. He obtained his PhD in economics from Australian National University and a master of economics from Remin University of China.
Dr. Feng Lu
Professor Lu Feng is a deputy dean of the National School of Development and deputy director of its China Center for Economic Research (CCER) - both at Peking University. He serves as editor of the China Economic Journal, CCER's official journal. Dr. Lu publishes extensively on China's open macro-economy, including exchange rate policy, external imbalance, inflation, capital return, food security and food trade. His analysis on these issues has been widely reported by media in China.
Dr. Lu coordinates a quarterly conference, "CCER China Economic Observer," that provides the most cutting edge information regarding China's macro-economic situation and a long-run forecast based on integrated projections of China's macro-economic variables by leading Chinese-based research institutions.
Dr. Lu has been a research fellow at Harvard University, Australian National University, and the Institute of Development Studies in the United Kingdom. Professor Lu obtained his Ph.D. from Leeds University in 1994.
Stephen A. Orlins
President of the National Committee on United States-China Relations since 2005, Mr. Orlins was managing director of Carlyle Asia and chairman of Taiwan Broadband Communications.
Prior to joining Carlyle, Mr. Orlins was senior advisor to AEA Investors, Inc. and a managing director of Lehman Brothers and president of Lehman Brothers Asia (1983-1991). From 1976 to 1979, Mr. Orlins was an attorney-advisor in the office of the Legal Advisor of the U.S. Department of State, where he was a member of the legal team that established diplomatic relations with the People's Republic of China. Mr. Orlins is a graduate of Harvard College and Harvard Law School.
Dr. Jian-Ye Wang
Dr. Wang is chief economist of the Export-Import Bank of China. He worked for the International Monetary Fund from 1989-2008 where he led policy surveillance and lending missions to countries in Africa, Asia, Eastern Europe and the Middle East. Dr. Wang was educated at Peking University, pursued graduate study at Columbia University as a Fulbright Scholar and received his Ph.D. in economics from Columbia in 1989
Dr. Ho-Mou Wu
Professor Wu Ho-Mou is the executive deputy director of the China Center for Economic Research (CCER) and executive dean of the National School of Development (NSD) at Peking University. His research interests and teaching fields include economic development, China's financial market, international economics, industrial policies and strategic competition. He is widely published in various international journals such as Econometrica, Economic Journal, Economic Theory, and the Journal of International Economics.
Professor Wu has been with an Academic Excellence Award in Humanities and Social Sciences (awarded annually to one scholar) by the Ministry of Education in Taiwan, a Research Excellence Award in Economics by Taiwan's National Science Council, an EMBA Teaching Award by the Management School of National Taiwan University and a University Teaching Excellence Award by Peking University.
He has been a university professor at National Taiwan University and at Peking University's Guanghua School of Management; a visiting professor at Stanford, Tsinghua and Nankai universities; vice president of the Chung-Hua Institution for Economic Research (CIER, the largest think tank in Taiwan); a consulting member of the Economic Construction Council of Taiwan and Taiwan's Mainland Affairs Council; a board member of Taipei Fubon Bank, Taiwan Futures Exchange, and the Overseas Chinese Bank in Taiwan; and senior advisor of Taiwan Semiconductor Corporation (TSMC).
Professor Wu obtained his B.A. in Economics from National Taiwan University in 1974, and his M.A. and Ph.D. in Economics from Stanford University in 1981 and 1982 respectively.
Dr. Geng Xiao
Dr. Xiao is a senior fellow at the Brookings Institution and the director of the Brookings-Tsinghua Center for Public Policy at the School of Public Policy and Management at Tsinghua University. He is also an honorary professor at the University of Hong Kong, a member of the Supervisory Board of teh Shenzen Development Bank in China, and a member of the International Advisory Board for Global Masters in Development Practice set up by Columbia University and the John D. and Catherine T. MacArthur Foundation.
Dr. Xiao has worked at the World Bank, the University of Hong Kong, Harvard University, and the securities and Futures Commission of Hong Kong.
Dr. Xiao obtained his B.S. in Management Sciences from the University of Science and Technology of China and his M.A. and Ph.D. in Economics from UCLA.
Dr. Yang Yao
Yao Yang is a professor at the China Center for Economic Research (CCER) and the National School of Development (NSD) - both at Peking University. He currently serves as the deputy director of CCER and deputy dean of NSD in charge of academic affairs and the editor of the center's house journal China Economic Quarterly. His research interests include economic transition and development in China. He has published widely in international and domestic journals, as well as several sole-authored and co-authored books on institutional economics and economic development in China, including Ownership Transformation in China (co-author, World Bank, 2005), Globalization and Economic Growth in China (co-editor, World Scientific, 2006), and CSR and Competitiveness in China (co-author, Foreign Languages Press, 2009). He is an associate editor of Agricultural Economics and serves in the editorial boards of several domestic and international journals. He is also a prolific writer for magazines and newspapers.
Dr. Yao was awarded the 2009 Sun Yefang Economics Award - the highest economics award in China, the 2008 Pu Shan Award in International Economics and the 2008 Zhang Peigang Award in Development Economics. He was awarded the title of Best Teacher by the Peking University Student Union in 2006 and was named a Young Leader by the Nanfang People's Weekly in 2008.
Dr. Yao obtained his B.S. in geography in 1986 and his M.S. in economics in 1989, both from Peking University; his 1966 Ph.D. in agricultural and applied economics is from the University of Wisconsin-Madison.
Encyclopædia Britannica, Inc.Country, eastern Asia. Area: 3,696,100 sq mi (9,572,900 sq km). Population (2009 est.): 1,331,433,000. Capital: Beijing. It is the world's most populous country, the Han (ethnic Chinese) forming more than nine-tenths of the population. Languages: dialects of Han Chinese, Mandarin being the most important. Religions: traditional beliefs, Buddhism, Christianity, Islam, Daoism (all legally sanctioned). Currency: renminbi (of which the unit is the yuan). China has several topographic regions. The southwestern area contains the Plateau of Tibet, which averages more than 13,000 ft (4,000 m) above sea level; its core area, averaging more than 16,000 ft (5,000 m) in elevation, is called “the Roof of the World” and provides the headwaters for many of Asia's major rivers. Higher yet are the border ranges, the Kunlun Mountains to the north and the Himalayas to the south. China's northwestern region stretches from Afghanistan to the Northeast (Manchurian) Plain. The Tien Shan (“Celestial Mountains”) separate China's two major interior basins, the Tarim Basin (containing the Takla Makan Desert) and the Junggar Basin. The Mongolian Plateau contains the southernmost part of the Gobi Desert. The lowlands of the eastern region include the Sichuan Basin, which runs along the Yangtze River (Chang Jiang); the Yangtze divides the eastern region into northern and southern parts. The Tarim is the major river in the northwest. China's numerous other rivers include the Huang He (Yellow River), Xi, Sungari (Songhua), Zhu (Pearl), and Lancang, which becomes the Mekong in Southeast Asia. The country is a single-party people's republic with one legislative house. The head of state is the president, and the head of government is the premier.
Study of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices. Until the 1930s, most economic analysis focused on specific firms and industries. The aftermath of the Great Depression and the development of national income and production statistics brought new interest to the field of macroeconomics. The goals of macroeconomic policy include economic growth, price stability, and full employment. See alsomicroeconomics; national income accounting.
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