Draft Program of the Third Sub-forum
Global Capital Market and Balanced Development of World Economy
29, June, 2013, Beijing
Saturday, June 29
14:00 - 14:30 |
Registration | |
14:30 - 14:40 |
Welcoming Speech | |
14:40 - 14:45 |
Video I | |
14:45 - 16:00 |
Roundtable Discussion I: New Path of Economic Rebalance
Background: The financial crisis in 2008 exposed some deep-rooted problems, such as the irrational economic structure, the unsound administration structure and the ill-placed regulatory system. In essential, the unbalanced world economy resulted in the contractual problems within each country, combined with the international currency system’s lack of flexibility and competitiveness caused that the over-all demands couldn’t digest the over-all supply, characterized by world trade and unbalanced capital at the same time. The weak demand related to the development of global partition law. The main reason triggered the contractual unbalance of the over-all supply lies in the high profit yielded from developing countries by multinational corporations in the developed countries. In the long term, only solving its own contractual problems could every country actively promote the rebalance of the world economy.
Speakers: Jean Ping, Former Chairperson, African Union Commission
Thomas A. Bernes, Executive Director, Center for International Governance Innovation
Daniel Gros, Director, Center for European Policy Studies
Martin Lees, Former Secretary General, Club of Rome
To be Confirmed: Wei Jianguo, Vice Chairman and Secretary General, CCIEE
Kenji Yumoto, Vice Chairman, Japan Research Institute
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16:00 - 16:10 |
Video II | |
16:10 - 17:00 |
Roundtable Discussion II: Global Capital Market vs. Sluggish Economic Recovery | |
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Background: In 2013, the world economy will continue to recover in a rather slow pace. In this situation, multiple earnings will still be the key investment theme. Main central banks shall further quantify their slack measure, keeping low interest rate. Global investors will continue to search for other sources of earnings, which will be in favor of high risk assets such as stock, real estate investment trust and high-yield bonds. In the background of slack global currency, which assets can retain their value? How to add alternative earnings through multiple earning strategies so as to have higher yields? How to reduce the related coefficient among assets to a lower level or even below zero, which will help investors to spread potential risks? In the unpredictable financial market, how to have a clearer view of the assets and tmake the right investment? | |
Speakers:
Marc Uzan, Executive Director, Reinventing Bretton Woods Committee
Jerrold D. Green, President, Pacific Council on International Policy, the U.S
Andrew Polk, Resident Economist, The Conference Board
Helmut Hauschild, Director, Germany and Asia Program, Bertelsmann Foundation
To be Confirmed:
Li Daokui,Professor, School of Economics and Management, Tsinghua University
Paola Subacchi, Research Director, International Economics Research, Chatham House