Monday, January 6, 2014
Venue: New York Stock Exchange
China unveiled its official reform blueprint for the coming years at the end of the Third Plenum of the 18th Party Congress that took place from November 9 to 12 in Beijing. The blueprint promises sweeping structural changes over the next decade with a much stronger role for market forces to allocate capital and resources in the economy. The plan includes, among other proposals, reform of fiscal policy, deregulation of interest rates, the further internationalization of the currency and further development of capital markets. With the unveiling of this plan, economists and observers all over the world are contemplating important questions: Does this mean vital structural changes are imminent in the Chinese economy? Chinese leaders have called for wide-ranging economic reforms, but do they have the capacity to implement the reforms urgently needed to tackle the challenges afflicting virtually every realm of the Chinese economy? These challenges and the policies implemented will have not only domestic effects but profound international effects as well.
China’s economic policy and development exert a profound influence on global financial markets and the U.S. economy. To better understand the future trajectory of China’s economy, each year since 2010 the National Committee on U.S.-China Relations and the China Center for Economic Research (CCER) have jointly organized an annual half-day forum at the New York Stock Exchange. The forum brings together leading authorities on China’s economy to present their forecasts of China’s economy in the coming year and their latest research on pressing economic issues.
For more information about the event, please visit:
http://www.ncuscr.org/programs/forecast-chinas-economy