Macro-Finance Salon (No. 71): Thoughts on Current Economic Operation and Policies

On October 15, IMI hosted the 71st Macro-Finance Salon attended by policy experts and scholars in Culture Square. Dr. Yan Xiandong, Deputy Director General of Statistics Department of PBoC, delivered a keynote speech on “Current Economic Operation and Policies”. Other participants include Zhao Xijun, Associate Dean of School of Finance at RUC, Wu Ge, Chief Economist of Huarong Securities Corporation, Chen Qiqing, Director of Macroeconomic Department, Party School of the CPC Central Committee, Zhou Yinggang, Associate Dean, Wang Yanan Institute for Studies in Economics; Professor, School of Economics, Xiamen University, Di Dongsheng, Associate Dean, School of International Studies, RUC, Xiang Zhengrong, Assistant President of Union Mobile Financial Technology Co., Ltd., and research fellows of IMI including Gang Jianhua, Zhang Jinfan, Luo Yu, Peng Yuchao, Lu Zhe, and Jiang Nan. Deputy Director of IMI, Dr. Song Ke, chaired the meeting. Dr. Yan Xiandong analyzed domestic economy in his keynote speech which focused on fiscal and financial perspectives. First, he talked about local debt, introducing policies on local governments debt since 2015. Particularly, he elaborated on the operation of local PPP projects. His speech also clarified the relations among economic growth, deficit, and debt. Second, he talked about some domestic problems in finance, starting with commodity price and asset price and mentioning central bank’s role in stabilizing finance. Last, he expressed his views on national currency policies and financial stability based on China’s current economic performance.

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