On December 15, organized by the Guangdong Provincial Foreign Economic and Trade Office, "the World's Major Economic Policies Forum" was held in Xijiang River Hall on the first floor of Guangzhou Shangri-La Hotel at 9:00 am.
Xiao Yaofei, professor of Guangdong Research Institute for International Strategies, and Professor Yang Shaogang, executive editor of "Journal of Strategy and Decision Making", participated in this forum. The forum was hosted by Zhu Zenan, the Deputy Director of Guangdong Foreign Economic and Trade Office.
Ardo Hansson, Chief economist and Director of Ministry of Economic Affair of World Bank’s Representative Office in China, and Zhao Min, the senior economist of the World Bank’s Representative Office in Beijing, gave a plenary lecture together, entitled "the Evolution of Global Trade and Production Patterns and Economic Development in Guangdong". Detailed data and rational analysis methods were used in reciting the economic situation in the world and China in 2010; the evolution of global demand in the near future; the occurring changes in global value chains; the transformation of China's economic structure and the outlook of the future; the challenges that Guangdong faces. The contents of the report were detailed, accurate and relevant. The analysis was thorough and incisive. The analysis of economic and trade situation faced by China and Guangdong was to the point, which impressed the audience of the conference.
Subsequently, Xiao Yaofei, Professor of GRIIS, the official from Foreign Trade and Economic Cooperation Bureau of Dongguan City, and representative of Guangxin Foreign Trade Group Company in Guangdong Province, spoke at the meeting respectively and analyzed the influence of “the export multiply plan” of the U.S. on Guangdong Foreign Trade and Economic and the practical strategies Guangdong Province need to take. At last, in the discussion part, over 40 representatives that attended the meeting raised a lot of poignant questions on the U.S. monetary policy, the export multiply plan and other major economic policies.
Finally, Liang Yaowen, Director of the Guangdong Foreign Economic and Trade Office gave a final summary. He said that the Foreign Economic and Trade Office have established a special research group to study the US Quantitative Easing Monetary Policy and export multiply plan. After analyzing the situation of import and export trade of Guangdong Province, Liang pointed out that the policies of the US had a great influence on the development of foreign economy and trade of our province. He suggested that (1) we should make efforts to track the trend of the current international economy and trade development, and have indepth studies of it; (2) We should learn more about the difficulties and problems Guangdong enterprises are facing, and analyze the causes; (3)We should come up with solutions in time. Only timely adjustment of corresponding strategies can maintain the continued growth of the Guangdong foreign trade and economic cooperation.
