On the afternoon of July 7th, GRIIS invited Mr. Huo Jianguo, president of Chinese Academy of International Trade and Economic Cooperation, Ministry of Commerce, to give a lecture on the Situation of Foreign Trade and Economic Cooperation. The participants include He Chuantian, vice president of GDUFS, Chen Weiguang, director of Development and Planning Department of GDUFS, Chen Wanling, director of Center of International Economy and Trade and researcher of GRIIS, Yuan Xin, deputy director of Center of International Economy and Trade, Liu Jisen, deputy secretary general of GRIIS and master students majoring in international economy and trade. The salon was hosted by Chen Wanling.
Huo Jianguo giving the speech
Huo Jianguo talked on the situation of foreign trade and economy from the perspectives of world economy, building of Free Trade Zone, and the growth of foreign trade. He regarded the withdraw of US from QE as the sign of economic policies’ return to neutral since the policies to stimulate economy after the financial crisis exceeded the macroeconomic theory of Keynes. He thought the economy would not return to normal until 2015 or 2017. He stressed that we should focus on the new technology revolution such as new energy, space technology, new material technology, cloud computing, big data, and intelligent city.
On the FTA, president Huo said we should take economic benefits as the top priority. He thought Sino-South Korean FTA had the biggest possibility to make breakthrough. The appeal of the developing countries should be reflected in the building of FTA.
On the growth of foreign trade, President Huo mentioned the decline of state-owned enterprises, which was caused by the insufficient market activities and public investment for people's livelihood. He predicted that the reform would be stronger before the 3rdSession of the 18thNational People’s Congress. It would guide the economy to fair competition and promote effective quality growth, which would lay a solid foundation to the future development.
At last, the participants communicated on the investment benefits of state-owned enterprises.
