Chinese economist Group goes to America to give lessons to Wall Street bankers

The 200-year New York Stock Exchange (NYSE), which began in 2010, gave some Chinese economists a "Chinese-style economic lesson" for Wall Street bankers and multinational entrepreneurs as the country's economic position rapidly changed, according to the US World News Network January 11. "In the past on the New York Stock Exchange, it was the Americans who told the Chinese economy to the Americans, and now everyone wants to have a first-hand understanding of China," said Wang Ding, head of the Economic and legal program at the National Commission for the Chinese Economy (NCUSCR), who hosted the forum at the China Center for So we started asking the Chinese to talk about China's economy. "China Economic Forum, which is expected to be held annually, will be launched on the New York Stock Exchange 7th," said Qin, chairman of the World Bank, and six economists from Taiwan to talk about and forecast China's economic development in 2010. Attracted more than 600 US political and business academics to listen and be packed.　　Participants were attentive and interacted with Chinese economists. reported that in 2009, although China's leading countries out of the recession, but looking forward to 2010, all sectors of the Chinese economy is not entirely optimistic.　　However, the Chinese economist 7th almost one-sided to counter the "bad China" criticism, stressing that China's economy will maintain rapid growth in 2010, the more optimistic view will continue, so that China in 2025 to overtake the United States as the world's largest economy, earlier than any Western institutions forecast.　　In response to the Sino-US trade war, he bluntly, not buying Chinese goods will make the U.S. trade imbalance expand, also hurt American consumers, which is bad for the United States; He said he was optimistic that it would create more jobs, increase income and reduce income disparities and "allow China to continue its rapid growth in the future". On inflation, Shao, an associate professor at the University of Hong Kong's School of Economics and Finance, said: "China's inflationary pressures are not as high as Japan, South Korea, Hong Kong and Taiwan, where inflation has been booming, between 5% and 8%, and less than economic growth, which is tolerable." "For the renminbi to appreciate, Chinese economists think it is a trend, but they will not appreciate it immediately."　　Huang, a professor at Beida National Development Research Institute, said that appreciation was like "Pandora's Box", which, once opened, would be difficult to close, and he believed that if the renminbi were to rise by 10%, outsiders would demand more and would never meet each other and would not be able to revive the world economy. Lin admits there is still strong economic pressure in China: the gap between rich and poor. "The gap between rich and poor in China is even bigger and bigger than in many developed countries," he said. "He believes that this problem will not only weaken China's economy, the impact of the region, and ultimately will affect the world."　　So, he says, it is better to focus on China's internal income imbalances than on the issue of China's trade and currency imbalances. However, after the Chinese economist's class, the representative of the U.S. side is still dubious. An American enterprise who asked not to be namedThe Chinese economy has a lot of problems, and there is a problem of transparency, as everyone expected, but after listening to it, it seems to be OK, "but it's unlikely." He said that if the academics could really point out the problem and discuss the solution, it might reassure him. (Gao You)