DPRK Economic and Technological Cooperation Association Visits CDI
On November 5, a delegation of DPRK Economic and Technological Cooperation Association visited CDI and discussed the development of Shenzhen Special Economic Zone and the SEZ planning with CDI experts. In the meeting, the delegation noted that the SEZ mode is a good choice as the investment environment of DPRK has been improved.
CDI Delegates attended New Silk Roads World Forum 2018 in Australia
From October 15-16, 2018, the New Silk Roads World Forum with the theme of “Forging A New Era of Connectivity” was held at Monash University in Australia, where CDI experts discussed the Belt and Road Initiative (BRI)with experts from different countries.
Experts present shared the view that the BRI has played a positive role in improving the infrastructure connectivity and promoting the economic development along the involving countries. During the meeting, CDI experts also expressed some ideas on the financing mechanism, multilateral cooperation and potential risks of the BRI. All experts reached the consensus that properly addressing the above issues will contribute to the sustainable development of the BRI.
China Financial Centers Index (CFCI 10)
CDI Exchanges Ideas on BRI and Guangdong-Hong Kong-Macau Greater Bay Area with Dutch and Danish Experts
In Amsterdam, Rotterdam, Hague, and Copenhagen from September 16 to 23, CDI had meetings with experts from The Clingendael Institute, The Hague Centre for Strategic Studies, International New Town Institute, Euronext, and Danish Institute for International Studies on which both sides discussed the Belt and Road Initiative (BRI), the Guangdong-Hong Kong-Macau Greater Bay Area, Chinese financial innovation.
In meetings with The Clingendael Institute and The Hague Centre for Strategic Studies respectively, CDI experts discussed debt, investment and risk management of BRI with their European counterparts. CDI experts shed some light on the Guangdong-Hong Kong-Macau Greater Bay Area in their discussion with experts from Danish Institute for International Studies. What’s more, CDI visited International New Town Institute and held a roundtable discussion on urbanization andmetropolis management. CDI and Euronext also discussed how to facilitate capital connectivity between China and Europe.
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Belt and Road Summit: From Vision to Action
Information
At present, global economy is facing with great uncertainty and challenge while the intense trade protectionism and friction has seriously affected the development of international economic and trade relations. With the advance of the Belt and Road Initiative, Chinese investment experiences challenges while promoting European connectivity, economic growth and China-EU cooperation. The Summit focuses on how to promote economic connection and cooperation among Eurasian countries under the framework of the Belt and Road Initiative in current world situation.
Date: November 22, 2018
Venue: Shenzhen Room, Wuzhou Guest House, Shenzhen
Host: China Development Institute and The European House – Ambrosetti
Theme: Belt and Road Initiative: From Vision to Action
China-U.S. Economic Relations: A Mixture of Challenges and Cooperation
Information
China-US trade frictions have brought negative impact on the bilateral trade and economic relations and also created uncertainties for the world economy. What are the causes for China-US trade frictions? What is the impact on the China-US trade frictions? What can be done to promote the China-US economic relations to move from competition to collaboration?
Date: November 12, 2018
Venue: Room 101, CDI Mansion, Shenzhen
Host: CDI
Theme: China-U.S. Economic Relations: A Mixture of Challenges and Cooperation
Private Enterprises Incorporated Into SOE Operation Mechanism: an Unfavorable Trend
Author: Fan Gang, President of CDI
Editor’s Note: After acquiring the shares of private enterprises, large state-owned capital tends to operate private enterprises with SOE management mechanisms. This practice undermines economic flexibility.
In recent years, state-owned enterprises have become less energetic. New regulations set up in the national anti-corruption campaign have put SOEs under more rigorous supervision, resulting in slower decision-making process and less capacity for risks. Thus the government shall consider how to further develop the private economy. The next round of economic growth needs to be underpinned by independent innovation, which inevitably comes with huge risks. Compared to SOEs, the private sector is energetic and more willing to take risks. A risk-taking spirit coupled with a good decision-making mechanism is prerequisites for fully realizing independent innovation and market flexibility to inject vigor into economic development.
Despite a lot of support given by the central government in legislation and policies to the private sector to protect their interest and create a more enabling business environment, the operation mechanisms of private enterprises are often incorporated into SOE management after their shares are acquired by state-owned capital. Although capital has remained unchanged in the short term, this practice represents an unfavorable trend in the long run as it undermines economic flexibility. To better utilize state-owned capital to serve the private sector, the preferred stocks are desirable as they allows SOEs to invest in private enterprises for profit without imposing their own management system on the latter. In this way, private enterprises can maintain their vigor while assuming risks by themselves.
New Economy: Stronger Driver for Shenzhen's Economy Development
On November 1, European and American Investment Finance Group visited our institute. Mr. Zhou Shunbo, executive director of New Economy Institute had a roundtable discussion with the group on the issues of the status quo and prospects of Shenzhen's new economy industry development. During the discussion, Zhou Shunbo gave a detailed introduction to the role of the new economy industry in promoting Shenzhen's economic development and emphasized on the key force of digital economy in driving the social development and technology change.
On Bay Area in China and US
Information
CDI and Bay Area Council co-organized the dialogue between the Guangdong-Hong Kong-Macau Greater Bay Area and San Francisco Bay Area which discussed the potential cooperation fields for the two bay areas.
Date: November 9, 2018
Venue: Room 101, CDI Mansion, Shenzhen
Host: CDI
Theme: On Bay Areas in China and US
On China-Japan Cooperation for Win-Win Benefits
Information
2018 is a year of uncertainties and challenges. The global economic orders have been challenged by protectionism and unilateralism. What impact does the US-China trade tension have on Chinese economy and the world economy? What experience can China learn from Japan-US trade frictions? How can China and Japan enhance their cooperation to address global economic uncertainties? What experience can China learn from Japan to promote its industrial upgrading and scientific innovation?
Date: October 30, 2018
Venue: Room 101, CDI Mansion, Shenzhen
Host: CDI
Theme: On China-Japan Cooperation for Win-Win Benefits
