China's Economy in the“New Normal”

Beijing March 21-23, 2015        Sponsor : DRC       Organizer : CDRF

Approved by the State Council and sponsored by the Development Research Center of the State Council, China Development Forum 2015 (CDF2015) will be held on 21-23 March, 2015 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.

March 21-23, 2015 Diaoyutai State Guesthouse, Beijing

March 21 (Saturday) 08:30-09:30Major Trends in the World Economy

The world economy faces growing uncertainty. Although the US economy is gaining momentum, many countries are still threatened by deflation and quantitative easing appears to be the policy of choice for these countries. How to understand the changes in the economy and their characteristics? Will these changes persist? What is the impact on the world political-economic landscape?

March 21 (Saturday) 09:40-10:40New Model of Major Country Relations in the Changing World (Dialogue with Dr. Kissinger)

The political-economic landscape of the world is undergoing complex and profound changes. What to make of Sino-US relations in this changing landscape? What are the main obstacles in building a new relationship between China and the US? What efforts should be made by the two parties?

March 21 (Saturday) 09:40-10:40Development and Governance of Metropolis

Metropolises are the focal points of innovation and competitiveness of countries and regions, but they tend to be afflicted with overpopulation, congestion, pollution, conflict of interest with surrounding areas and other woes. What should a good governance system and institution consist of? How to form such an institution? What contingencies should be in place? How to promote cooperation between regions for coordinated development in a metropolis?

March 21 (Saturday) 09:40-10:40Reforms in the “New Normal”

As economic growth rate decline to 7.5% in 2014 from a historic average of 9.8%, the Chinese economy is said to have entered the “new normal”. How to increase the quality of growth and make a substantive transformation of growth model through reform? What progresses have been made since the conclusion of the 3rd Plenary Session of the CPC Central Committee, and how are the effects? What is the focus in the next stage of reform? Which institutional problems must be cracked?

March 21 (Saturday) 11:00-12:00Rule of Law: Laying the Cornerstone for the Market Economy

The market economy is an economy governed by law, and its development requires a solid legal infrastructure. What weaknesses are there in China’s legal infrastructure that constrains the healthy development of the market economy? What areas should be prioritized in the improvement of the legal system? How to face the possible obstacles in this process?

March 21 (Saturday) 11:00-12:00Promoting Free Trade with Equity and Inclusiveness

Free trade contributed to the growth of the world economy, but the fruits of growth are not equitably distributed among nations and social groups. As a rebalancing of political and economic landscape takes place, trade regimes and rules have a chance to be reshaped. What are the prospects for free trade regimes in the post-crisis period? How could free trade bring more benefits to Less developed countries and populations? As one of the biggest beneficiaries of globalization, what role should China take in this process?

March 21 (Saturday) 11:00-12:00Who Will Feed China?

Growth of China’s agriculture industry is increasingly constrained by environmental factors. Food safety in terms of both quantity and quality is threatened. What should be the respective responsibilities of the government and the market in assuring food safety? How could advancements in agriculture technology improve food safety?

March 21 (Saturday) 11:00-12:00Capital Account Liberalization

Since the conclusion of the 3rd Plenary Session of the CPC Central Committee, the reform and opening of the Chinese financial system has sped up. However, the problem of capital account deficit and the depreciation of RMB have emerged. To what extent is China qualified for fully opening the capital account? How should China better respond and control the ensuing risks when enjoying the benefit of opening capital account?

March 21 (Saturday) 11:00-12:00Establishing a Fairer and More Sustainable Pension System

As populations rapidly age, payment of pensions have become one of the main challenges of society and economy. After the global financial crisis, many countries are tightening fiscal spending. How to maintain the sustainability of the pension system? During the reform of pension system, how to maintain fairness across and within generations? China is hastening the consolidation of the fragmented pension system to increase the payment standard of citizens, what can we learn from international cases?

March 21 (Saturday) 11:00-12:00Prospect for China’s Economic Growth over the Next Decade

Despite the consensus that China has entered an economic “new normal”, there is a range of opinions on medium to long term prospects of China’s growth. What is China’s growth potential over the next decade? Will growth continue to decline or hold steady at a medium-high level? What is the impact of China’s ongoing reform on future growth? In which areas are reforms necessary to maintaining steady growth?

March 21 (Saturday) 11:00-12:002015 United Nations Climate Change Conference: Beyond the Copenhagen Accord?

The Lima conference in 2014 provided conditions for a new treaty in COP21 Paris. However the Paris conference still faces considerable challenges. What will be the main obstacles to progress in the conference in Paris? How to overcome them? What are the fresh opportunities? What can be learned from the Copenhagen summit where no binding resolution was reached?

March 21 (Saturday) 14:10-15:10Global Energy Landscape in the Era of Great Change

The current slump in oil price is the result of multiple market factors. How long will the slump last? What is its impact on the global energy landscape? In midst of great changes in the market and industry, what are the challenges and opportunities for the energy sector? What is the future of China’s energy security?

March 21 (Saturday) 14:10-15:10Financial Sector Development: Innovation and Risk Response

As China continues to open up, the development conditions for domestic financial sector has been further improved. How to deepen financial sector reform through innovation? How does the financial industry view the “new normal” of China’s economy? What are opportunities and risks of the “new normal”, and how to respond to the potential risks and challenges?

March 21 (Saturday) 14:10-15:10Industry 4.0: New Benchmark for Advanced Manufacturing

At present, the concept of “Industry 4.0”, based on Cyber Physical System and characterized by highly digitalized production, networking and self-organization of machines, has been widely followed and recognized by the global industrial sector. Will a fourth industrial revolution happen? How will it change current modes of production and management, and the lives of mankind? What will the market economy look like under industry 4.0? How could the Chinese government and private sector adjust to this new situation?

March 21 (Saturday) 14:10-15:10Social Responsibility: Building a Fairer Society

While China’s high speed growth in the past 30 years has created fair conditions to realize social justice, it also brought new challenges. As the economy enters the “new normal” of slower growth, how could China balance the relationship between market efficiency and social justice in reforms? What should be the function of the private sector in constructing a fair and inclusive society? How to adjust administrative functions of the government, innovate in the area of social governance, and resolve new social conflicts and problems?

March 21 (Saturday) 14:10-15:10Health Management and Reform of the Public Health System

The increased prevalence of chronic diseases has become the main threat to the health of the world population. In response to new patterns in epidemiology of diseases, how to deepen reform of the health system? How to understand the relationship between health management and reform of the public healthcare system? How to achieve effective health management through reform of the healthcare system?

March 21 (Saturday) 14:10-15:10Making the Financial System Eco-friendly

The financial system could play an active role in the transformation of China’s development model. How to guide market participants towards sustainable growth through financial policies? What are the main challenges for the eco-friendly financial system? How to coordinate the eco-friendly financial system and government policies in other sectors?

March 21 (Saturday) 14:10-15:10 The Driving Force and Influencing Factors of China’s Economic Growth

China’s economy has already entered the “New Normal”. However, slower growth has also resulted in concerns of economic downturn as well as the risk of falling into the middle-income trap. What are the main driving forces of China’s economic growth in the next stage? What aspects of structural reform could help to restore the driving force of growth?

March 21 (Saturday) 15:30-16:30Corporate Governance and Reforms

What are the foci and breakthrough points of this round’s state-owned enterprise (SOE) reform? Modern corporate governance is regarded as the core of SOE reform. What are the essential elements of corporate governance that is congruent with marketization, internationalization and China’s situation at present? What supporting institutions are needed in corporate governance reform?

March 21 (Saturday) 15:30-16:30Innovation-Driven Urbanization

Inclusive and sustainable new urbanization is an effective way to improve and realize inclusive development and integration of urban-rural areas. In order to realize urbanization, China has to go from “factor-driven” and “investment-driven” to “innovation-driven”, and maximize the role of innovation in urbanization construction. How to better combine technological innovation, industrial upgrading and the goal of new urbanization? What key role will be played by the new generation of information technology such as Big Data, the Internet of things, and cloud computing? How to innovate in urban-rural governance to make development of cities more inclusive?

March 21 (Saturday) 15:30-16:30Informatization & Economic Transformation

As China’s economy enters a period of transition, informatization will be further integrated with industrialization, urbanization and agricultural modernization. Consumption of information will become an effective driver of domestic demand, while the combining of information technology and industrial technology will be a major factor in industrial transformation. What are the shortcomings of China’s information industry? How could the industry achieve transformation and upgrading at a faster pace? In the age of information, how could various industries function more efficiently, optimize economic structure and better facilitate economic transition?

March 21 (Saturday) 15:30-16:30Efforts for Empowering Women

The World Conference on Women held in Beijing in 1995 is regarded as a milestone. In the past 20 years, although women across the world have made substantial economic, social and political progress, but it is not balanced across different sectors and regions. What are the main obstacles and challenges for balanced development in different sectors? How to enhance development abilities of women in response to the disadvantages and challenges they face? How could the public sector, private sector and social organizations in all countries jointly promote empowerment of women across sectors?

March 21 (Saturday) 15:30-16:30Energy Saving, Emission Reduction and Control of Air Pollution

China expects to achieve the emission reduction target announced in the 12th five-year plan. However, overcapacity of energy intensive and high pollution industries, the growing needs for energy caused by higher income and the problem of air pollution are still serious. As a large developing country, how could China balance economic development and energy saving and emission reduction? What roles should be taken by the government and the market respectively in energy saving and emission reduction? What experiences and lessons could China learn from other countries?

March 21 (Saturday) 15:30-16:30Industrial Upgrading and Green Growth in China’s “New Normal”

In the “New Normal”, China is simultaneously confronted with the need to stabilize growth in short term and necessity of pushing for industrial upgrading in long term. How to resolve the conflict between short-term and long-term goals? How to find new growth drivers in industry upgrading and green growth while taking both short-term and long-term goals into account? What are the main policy measures to push forward industry upgrading and realize green growth in the “New Normal”?

March 21 (Saturday) 15:30-16:30Post-2015 Global Development Agenda: Latest Progress under UN Discussions

The Millennium Development Goals (MDGs) are coming to a closure. Political leaders worldwide will gather in the summit at the UN Headquarter this September to discuss and adopt the post-2015 sustainable development agenda, which will provide guidance for the direction and notion of development for the next 15 years. What contents or framework of the new agenda will differ from that of the MDGs? How could developing countries better participate in the formation of agenda? What are the progress of UN discussions and country deliberations? What roles could China play during the process?

March 21 (Saturday)Enterprises Going Global: Opportunities and Cooperation

March 21 (Saturday)High-tech Innovation: Leading the “New Normal”

March 22 (Sunday) 09:50-10:50China’s Development and Reform in the “New Normal”

What opportunities and challenges will the “New Normal” bring to China’s reform, development and transition? How to balance steady growth and structural adjustment and maintain the continuity and stability of macro policy? How to realize the coordinated development of new industrialization, informationization, urbanization and agricultural modernization? How to resolve risks that may materialize in the process of reform? Reforms in which areas will have substantial progress in 2015?

March 22 (Sunday) 11:10-12:10Pursuing a Proactive Fiscal Policy and Deepening the Reform of the Fiscal and Taxation Systems

Fiscal system is the basis and pillar of administration, The reform of the fiscal and taxation systems is significant to the modernization of governance. What are the essential elements of a proactive fiscal policy under the “New Normal”? What problems might hinder the reform and how to tackle them? How to coordinate fiscal reform and reforms in other area?

March 22 (Sunday) 14:20-15:20Sound Monetary Policy in the “New Normal”

The Central Economic Working Conference concluded that in 2015, the continuity and stability of macroeconomic policy should be maintained and sound monetary policy should be continued with more emphasis on moderate easing. What to make of “moderate easing”? How does sound monetary policy play a role in structural adjustment in the New Normal? How to steadily advance the internationalization of RMB?

March 23 (Monday) 08:30-09:30Opening-up in the “New Normal”

The “New Normal” and the political economic rebalancing of the world is the internal and external background of China’s opening-up. Within this setting, how should opening-up be positioned strategically, and how to set domestic and foreign development goals? How should China reallocate resources through opening-up to aid domestic structural reform and increase the quality of growth? How to proactively participate in the management of international economics and exert a positive influence?

March 23 (Monday) 10:20-11:20Promoting Interconnection and Building “One Belt and One Road”

“One Belt, One Road” is the China’s strategy for the new round of opening-up. What lasting effects of the strategy could we expect on China and relevant countries? How to achieve mutual benefit though the strategy? What obstacles must be overcame in its implementation? How to innovate in the financing of infrastructure construction to accelerate the interconnection of China and its surrounding region?

March 23 (Monday) 09:45-10:45Restructuring the Industries and Pursuing the Innovation-driven Development

With “New Normal” as the background, innovation has become a critical factor in economic growth. Under the “New Normal”, what opportunities and challenges are there in the transformation and upgrading of industries? What are the limiting factors in a development strategy based on innovation-driven growth and transition? What are the possible measures? How to ensure that private sector take the dominant role in innovation, and that the market dictates resource allocation?

March 23 (Monday) 12:00-12:40International Cooperation in the “New Normal”