China in the New Five-Year Plan

Beijing March 19-21, 2016        Sponsor : DRC       Organizer : CDRF

Approved by the State Council and sponsored by the Development Research Center of the State Council, China Development Forum 2016 (CDF2016) will be held on 19-21 March, 2016 at the Diaoyutai State Guesthouse in Beijing.

As the first large-scale and high-profile international conference right after the National People's Congress (NPC) and the the Chinese People's Political Consultative Conference (CPPCC) in each year, CDF has been sticking to the principle of “Engaging with the world for the common prosperity” and serves as an important platform for Chinese government to carry out candid exchanges and discussions with global business elites, leaders of international organizations as well as foreign and Chinese renowned scholars. Initiated in 2000, CDF has made remarkable contributions for the policy exchange and international collaborations between China and the world.

Economic Summit

March 19-21, 2016 Diaoyutai State Guesthouse, Beijing

March 19 (Saturday) 08:30-09:30The World Economy: The Way Forward

In the recent years, the economic trends and macroeconomic policies of world’s major economies have diverged. Commodity prices declined dramatically. The fluctuations of international financial market became more exacerbated. Emerging economies are facing the pressure of restructuring and reform. What black swan events might surface in 2016? What is the likelihood of an incoming financial crisis? Has quantitative easing policies ran their course? Will there be a currency war?

March 19 (Saturday) 09:40-10:40Avoiding Thucydides's Trap

It is China’s and The US’s obligation to avoid Thucydides’s trap and build a peaceful relationship based on equality and cooperation. The world economy and political structure is undergoing profound and complicated changes. How will this impact the relationship between China and the US? What are the challenges in building a new type of relationship between great powers? What actions should two countries take to manage our differences, form consensus, expand cooperation and realize a new type of major country relation?

March 19 (Saturday) 09:40-10:40Internet as An Engine of Economic Progress

Innovation and technological progress is the key to China’s restructuring. What are the major challenges to building an innovative nation? Current level of technology, culture, institution, or other obstacles? Which areas should be targeted with priority? In which areas could we see the first breakthroughs? Are there international experiences that China can learn from?

March 19 (Saturday) 09:40-10:40Supply Side Structural Reform in the New Normal

As China’s economy enters the New Normal, the effectiveness of aggregate demand management diminishes, and supply side structural reform becomes a necessity. What is the core content and mission of supply side reform? What should be the guiding principles of the reforms in the current context? How to coordinate supply side reform and demand management? What institutions can be put in place to safeguard reform progress?

March 19 (Saturday) 11:00-12:00Envisioning 2016 G20 Summit in China

The G20 Summit will be held in China for the first time in 2016. The theme of the summit is “Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy”. How will the G20 coordinate macroeconomic policies and enhance collaboration to achieve effective governance of world economy? Facing the volatile international market and the complex international environment, how will the G20 cope with the situations actively and prudently? As the host of the summit, what role will China play?

March 19 (Saturday) 11:00-12:00New Urbanization Acceleration

To further promote the people-oriented new urbanization is a significant topic of China’s development strategy. What are the main obstacles for realizing new urbanization? How to accelerate the implementation of household registration, education and social welfare reforms while adhering to the people-oriented basic principle? How to improve the land use, fiscal and labor system to ensure the stability, orderliness and sustainability of urbanization? How to keep to the development concepts of innovation, coordination, green, open and sharing in this process?

March 19 (Saturday) 11:00-12:00A First Step: Confronting Overcapacity and Excessive Leverage

Progress of China’s economic structural reform is marred by overcapacity and excessive leverage, and their interrelated nature compounds the complexity of the problem. How to reduce the negative impact of deleveraging and reduction of capacity, and strike a balance between structural adjustment and stability of growth? What can be learned from international experiences?

March 19 (Saturday) 11:00-12:00The Renminbi: Now in the Basket of Special Drawing Rights (SDR)

The acceptance of RMB into the Basket of Special Drawing Rights (SDR) in 2015 was a substantial step towards the internationalization of RMB. However, the recent decline of China’s exchange reserves, weakening of RMB, and volatility in RMB exchange rate poses strong challenges. What’s next for the RMB? How to prevent violent fluctuations in exchange rate? How to coordinate domestic and foreign policy to ensure stable progress of the internationalization of RMB? What is the long term impact of the internationalization of RMB on China’s economy and the global economy?

March 19 (Saturday) 11:00-12:00The War on Extreme Poverty: Shared Economic Development

To eliminate extreme poverty and realize shared development is a main goal of building a moderately well of society. What is the main challenge to eradicating poverty by 2020? Which fields should the anti-poverty campaign prioritize? How to design and implement the policies? What can China learn from past experiences and international practices?

March 19 (Saturday) 11:00-12:00Higher Education and Fostering Innovation

An innovative nation cannot go without innovative talents. Higher education is the typical final stage for fostering talent and is therefore critically important. What kind of education is the most beneficial to the growth of innovative talents? How to reform the higher education system to adapt society’s demand for innovation? How to provide the external condition necessary to reform the higher education system? What can we learn from each other in this area?

March 19 (Saturday) 11:00-12:00Public-Private-Partnerships in the New Normal

With the slowdown of China’s economic growth and fiscal revenue under pressure, Public-Private-Partnerships has become an important innovation in financing and investing in public services. What are the advantages and significance of the introduction of PPP model? What is its potential? What are the challenges in the promotion of PPP? How to overcome them? Is there any international experience that China can refer to?

March 19 (Saturday) 11:00-12:00DRC Launch: China's Macro Economy and Structural Reform in 2016

Macroeconomic stability and continuously improvement of the quality and efficiency of economic growth are prerequisites to China’s transition from high growth rate to medium-high growth rate. How to recognize the moderation of growth of the Chinese economy and the concurrent significant structural changes? When will economic growth of China stabilize towards medium to high rate? How to appropriately understand and promote the supply-side structural reforms to mitigate a variety of challenges and risks during the transition process and enhance growth sustainability? What kind of macro policy mix, considering both short-run and long-run factors, are necessary for a good start of the new five year plan period?

March 19 (Saturday) 14:10-15:10The Belt and Road Initiative I: Connecting Development Dreams

The Belt and Road Initiative proposed by China aims to promote comprehensive cooperation and build a common destiny with mutual political trust, integrated economy and cultural tolerance. It was met with wide approval. What changes in international cooperation could be introduced by the implementation of the initiative? How to cope with the problems and challenges in its implementation? Which areas should be targeted first by the initiative?

March 19 (Saturday) 14:10-15:10The Internet and Future Technologies

As one of the most important innovations of the 20th century, the internet has reshaped the way technological innovations are made. As the internet becomes more open, shared and accessible, what new trends will occur in the way innovations are made? In which areas will there be breakthroughs? How will the internet reshape the traditional economy and its business organization model? In what ways will the advancement of Internet+ impact China’s economic structure?

March 19 (Saturday) 14:10-15:10Building Resilience in the Financial Market

The high volatility and risk emerged in the past year in China’s financial market and the international financial market has made the global economy more uncertain. What is the likelihood of a regional or global financial crisis arising from this uncertainty? What measures should China take to build the resilience of financial market and increase the fortitude of financial system? How to balance risk prevention and financial system reform?

March 19 (Saturday) 14:10-15:10Trends in the Energy Market: The Next Five Years

Sluggish world economy has slowed the recovery of demand for energy, the resulting fall in energy prices has in turn fueled uncertainty in the economy. What is the view on the energy market and world economy in the next five years from the energy sector? What are the impacts on alternative energy and climate change due to the decline in fossil fuel costs? How will energy providers and the global energy industry adjust? How should China adjust its energy development strategy and better participate in global energy management in the future?

March 19 (Saturday) 14:10-15:10Building a Modern Agricultural Sector

China’s agricultural sector urgently needs to begin supply side structural reform, and build a modern industry system to increase food production and farmers’ income. What is the critical step in the reform of the sector? How to transform the economic development of agricultural rural areas from factor-driven and investment-driven to innovation-driven? How to utilize the leading role of peasants in the construction of modern agriculture?

March 19 (Saturday) 14:10-15:10Health in China: Reforms and Systems of Care

Aging of population, changing epidemiology, shortage of healthcare services are important challenges that the development of China is faced with. How should China’s healthcare industry expand to satisfy citizens’ multi-leveled demand for healthcare? Under the background of slower economic growth, how should China finance healthcare? What adjustments should be made to the government and market function to jointly promote fairness and efficiency? Are there any international experience and lessons that China can draw from?

March 19 (Saturday) 14:10-15:10Action on Climate Change: Pathfinding after COP21

In COP21, the historical Paris Agreement was reached, laying foundation for solving global climate crisis. How should countries upgrade their response plans for climate change and implement various contents of the agreement? How could developed countries coordinate their goals with developing countries and provide financial and technical support? How should China combine Paris Agreement with its Thirteenth Five-Year Plan to form national strategy and implementation approach?

March 19 (Saturday) 14:10-15:10DRC Launch: Building World Class Liveable Cities

March 19 (Saturday) 14:10-15:10Strategizing Overseas Investment under Globalization

Global corporations are the leaders and shapers of current world economy, and the gold standard of international competitiveness. During the process of the corporations’ global expansion, how to cope with the problems of internal governance and the differences in the external market environment, and utilize domestic and foreign resources to increase global competitiveness? Facing the uncertainty of the current economy, how do global corporations determine their global development strategy? As the new form of multinationals, what lessons can the experiences of global corporations teach us in terms of strategy and governance?

March 19 (Saturday) 15:30-17:00The Belt and Road Initiative II: Sustainable Infrastructure Investment

In China’s Belt and Road Initiative, one of the key planning areas is the promotion of regional infrastructure construction. What are the challenges and opportunities for China and surrounding countries to cooperate in infrastructure construction? How to ensure cooperation among countries in funding, technology and resources? In what ways the sustainability of infrastructure development is reflected? What international experience that China can in the promotion of infrastructure development?

March 19 (Saturday) 15:30-16:30Unshackling the Modern Services Industry

Developing a modern services industry is a major step in China’s industry upgrading. The services industry needs to develop in an environment of openness. What should be the path for China’s services industry to open-up? What are the short term and long term impacts of opening-up? How to face the challenges of opening-up?

March 19 (Saturday) 15:30-16:30Role of “Think Tanks” in Modern Governance

Think tanks form an important part of a nation’s soft power. What institutions and policy environment is needed to promote the development of think tanks? What is the appropriate relationship between government and think tank? How does a think tank maintain a competitive edge in the knowledge sphere? What international experiences can Chinese think tanks absorb? How to encourage cooperation and communication internationally?

March 19 (Saturday) 15:30-17:30GVC: Inclusive and Coordinated Development

March 19 (Saturday) 15:30-16:30Social Impact Investment: New Trend in Philanthropy

Social Impact investment aligns social value and financial return, and is characterized as sustainable, measurable, standardized and liquid. As a social innovation, how can social impact investments expand the cooperation between government, market and society? What impact will it have on philanthropy? How to create an environment that fosters its development? What can China do to promote social impact investment?

March 19 (Saturday) 15:30-16:30Caixin Launch: 5 Megatrends in the Next 5 Years in China

March 19 (Saturday) 15:30-16:30Sustainable Development Goals (SDGs): From Vision to Action

The 2030 Agenda for Sustainable Development by UN makes an action list for the development of the planet, the list includes seventeen Sustainable Development Goals. What are the challenges in making this vision into reality? What measures should countries take to meet the challenges? To realize the Sustainable Development Goals, how to establish new global partnership? How should China actively participate in the implementation of 2030 Sustainable Development Goals?

March 19 (Saturday) 15:30-16:30DRC Launch: Strategic Development of China's Natural Gas Industry

March 19 (Saturday) 16:40-17:40Latin American Economic Outlook 2016: Towards a new Partnership with China

March 19 (Saturday) 16:40-17:40Invest in the Future

March 19 (Saturday) 16:40-17:40DRC Launch: The Development of China's Life Insurance Sector and Social Security System

March 19 (Saturday) 16:40-17:40Global Strategy for Investment Fund Management

Global corporations are the leaders and shapers of current world economy, and the gold standard of international competitiveness. During the process of the corporations’ global expansion, how to cope with the problems of internal governance and the differences in the external market environment, and utilize domestic and foreign resources to increase global competitiveness? Facing the uncertainty of the current economy, how do global corporations determine their global development strategy? As the new form of multinationals, what lessons can the experiences of global corporations teach us in terms of strategy and governance?

March 19 (Saturday) 16:40-17:40The Search for New Investment Growth

China’s economy has entered the New Normal, and new technologies, new industries and new growth points are needed to lead structural adjustment and industrial upgrading. In the next five years, what industries or technologies would become the main forces to lead economic transition and shape the future of China? What industries or technologies are bottlenecking current development transition and need breakthroughs? How to find rapidly-growing investment opportunities? What are the important development directions for China’s Five-Year Plan?

March 19 (Saturday) 16:40-17:40Exchange Rates and Global Financial Markets: Outlook

Under the background of rising U.S. interest rates and falling oil prices, in 2016, the emerging market currencies are experiencing drastic fluctuations and shocks. What are the monetary policy trends of the world’s major countries in the short term and in the medium-long term? How will the exchange rate of developed countries and emerging market countries change? What are the main risks that global financial markets are faced with? How should countries strengthen cooperation and reduce the risks and instability of global financial markets?

March 21 (Monday) 10:30-11:40Establishing New Industry and New Growth Drivers

March 20 (Sunday) 10:10-11:10China’s Economic Growth and Reform in the New Five- Year Plan

The 13th five-year period is the decisive stage for building a moderately prosperous society, as well as a time of challenges and opportunities in both economic and social development. How should China deepen reform on the supply front and revitalize growth to maintain growth targets in the next 5 years? What risks could impede growth? How can China balance growth and restructuring? Within the framework of the new normal, what innovations are needed in this round of reform? How can China coordinate economic reform and reform on other fronts?

March 20 (Sunday) 11:30-12:30Towards a Modernized Fiscal System

Deepening reform of the fiscal system and building a modernized fiscal system are the basis for transforming development and creating a modern system of state governance. What are the fundamental problems in deepening reform of the fiscal system? How can support be elicited from all sides to push reforms forward? What are the core areas of fiscal systems to modernize? How can these reforms be implemented? How can China balance the relationship among reform, growth, and social welfare?

March 20 (Sunday) 14:30-15:40Accelerating Reform to Establish a Risk Prevention System

In the 13th five-year period, the reform of China’s financial system still faces complex obstacles and must be responsive to risks and movements in domestic and foreign financial markets. In the current context, which aspects of the financial system should be prioritized for reform? How can coordination of different reform targets be improved and a reasonable timeframe set? How can the regulatory system be improved to increase capability for risk prevention? How can the RMB exchange rate mechanism be improved to promote stability in its internationalization?

March 20 (Sunday) 16:00-17:10Opening-Up to Promote Inclusive Development

China is now the world’s largest trading nation and a major player in foreign investment. In the new normal, international redistribution of the division of labor and changes in international statutes necessitate that China revamp its opening-up strategy. In the 13th five-year period, how should China organize a new opening-up strategy for cooperation in coastal, inland, and border regions? With global demand remaining low, how can China accelerate upgrading and optimization of foreign trade? How can inbound and outbound trade and investment co-develop? How can China foster action on the Belt and Road Initiative and realize inclusive global development?

March 21 (Monday) 09:00-10:10Upgrading Environment Management System for Comprehensive Environmental Improvement

The 13th five-year period presents an important window of opportunity for establishing an eco-civilization and improving environmental protection. What are the problems in creating a co-governance system of environmental management with government, corporations, and society? How would relationships among the three sectors be coordinated? How can reform of the environmental protection system be deepened?