2023 - News
Date: December 4, 2023
China Development Institute jointly held China US Bay Area Cooperation Conference with Bay Area Council Economic Institute and Standford Center on China's Economy and Institutions in San Francisco. Experts at the meeting held that despite the differences between China and the US, both countries are facing a series of common challenges, such as public health, climate change, and the stability of industrial chain and supply chain. China and the US should try to promote exchanges and cooperation between the two sides at the sub-national level, especially to strengthen non-governmental exchanges between China's Guangdong-Hong Kong-Macao Greater Bay Area and San Francisco Bay Area. More than 100 experts from the political, business and academic circles of China and the US attended the meeting.
China Development Institute also held the China-US Green Cooperation Forum with Rocky Mountain Institute in Aspen. Experts at the meeting stressed that although China and the US have been competing in terms of economic development and national security in recent years, addressing the global climate change has gradually become the common interest of the two countries, and also the whole world. Both countries should strive to reach consensus and join hands to achieve more economic progress while undertaking climate change mitigation and green transformation.
Date: November 13, 2023
CDI joined hands with the City of London Corporation and the China Chamber of Commerce in the UKin hosting the forum on Sino-British relations and China’s economic outlook on November 13th in the UK. The forum centered on fostering trust and consensus between China and the UK, delving deep into discussions regarding China's economic growth prospects, opportunities and potential risks for Sino-British relations and financial collaboration.
The forum drew over 200 delegates from government, business, and academic circles. Key speakers included Prof. Fan Gang, President of CDI, and the Lord Mayor of the City of London, Prof. Michael Mainelli. Prof. Fan Gang centered his address on the prospects for China's economic development, emphasizing the progress of China's post-pandemic economy and society while advocating for further openness and collaboration. Lord Mayor Prof. Mainelli also underscored the significance of fostering a stable relationship between China and the UK. He further encouraged active trade and investment interactions, aiming to pave the way for a new chapter in Sino-British relations.
During CDI’s visit to the UK, the delegation conducted a series of academic seminars and visited several prominent British institutions, including the City of London Corporation, the Bank of England, Z/Yen Group, Scottish Development International, and the Scottish Financial Enterprise.
During his visit to China, Dr. György Matolcsy, Governor of the Hungarian National Bank (MNB) and former Minister of National Economy of Hungary, visited CDI on Oct 31, 2023.
Although the global economy has been largely affected by geopolitical tensions and growth slowed, the overall economic development is observed to has been following pervious cycles. Both parties agreed that it is critical for economies to remain vigilant and aware of the global economic cycle while preparing and utilizing policy tools for mitigation. CDI experts also briefly introduced the development of Guangdong-Hong Kong-Macao Greater Bay Area and China’s financial sector.
From Sept 16 to 23, 2023, CDI delegation led by Dr. Guo Wanda, Executive Vice President of CDI, visited Belgium and Hungarian think tanks and financial institutions, including Bruegel, European Policy Centre, EGMONT-Royal Institute of International Relations, KBC Group, Hungarian National Bank, Institute of World Economics of the Hungarian Academy of Sciences and China-CEE Institute. During the meetings, CDI delegates and the hosts exchanged views and insights on the global economic outlook, Chinese economic prospects, as well as Sino-EU economic and trade relationship trends.
UK Foreign, Development and Commonwealth Office delegation led by Chief Economist Professor Adnan Khan visited CDI on May 24, 2023. Dr. Liu Guohong, Vice President of CDI, introduced Shenzhen’s history and development as a Special Economic Zone, and its role in China’s reform and opening-up. The two parties exchanged views on how Shenzhen should build itself towards an international city while maintaining the competitive edge in the global market. CDI experts also provided insights of Shenzhen’s role in the development of Guangdong-Hong Kong-Macao Greater Bay Area.
The New Zealand China Council delegation led by Mr. John McKinnon visited China on May 12, 2023. Dr. Guo Wanda, Executive Vice President of CDI, introduced the current trends of Guangdong-Hong Kong-Macao Greater Bay Area, as well as Shenzhen’s role in the GBA development. Experts from New Zealand provided updates and insights on CPTPP and DEPA, as well as China’s prospect in joining CPTPP. The two parties also exchanged experience and views on how to balance environmental management and economic development.
Delegation led by Australian Consul-General in Guangzhou Mr. Anthony Aspden visited CDI on Wednesday March 8, 2023. Both sides exchanged views on the latest trend of China's development. Dr. Guo Wanda, Executive Vice President of CDI, provided an overview of the recent economic developments in China, specifically in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). China will continue to expand institutional opening-up and follow the dual circulation development model. As China turned the page on Covid-19 pandemic, China’s GDP growth rate is expected to be 5% in 2023.
On Feb 24, 2023, Professor Jamie Peck of University of British Columbia, Canada visited CDI. CDI experts introduced the structure and recent developments of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). Afterwards, the two parties exchanged views on the GBA, particularly the coordination mechanism with respect to policy making and implementation. Both parties agreed that with three different legal systems, three different customs regimes and three different currencies, the GBA is distinct from the other world-renowned bay areas and faces a unique set of both opportunities and challenges. As a result, the governments are expected to explore and dynamically adjust the implementation pathway of GBA framework.
