The Faculty of Business and Law through its Centre for International Capital Markets hosted a conference "China after 35 Years of Economic Transition" on 8-9 May 2014.
The 'China after 35 years of Economic Transition' conference provided a platform for experts, academics, and policy makers to exchange their in-depth insights on all aspects of Chinese economic and social transformation since 1978. It was also an opportunity to evaluate the prospects for the decades ahead.
Keynote speakers at the conference included Mr Xianhong Deng, deputy governor of the State Administration of Foreign Exchange (SAFE) of China, and Dr Linda Yueh, director of the China Growth Centre at Oxford University and the BBC Chief Business Correspondent.
Conference attendees came from universities and research institutions in China, the UK, Europe, and the US, as well as from central banks and international organisations such as the European Central Bank (ECB) and the International Monetary Fund (IMF). The research papers presented at the conference covered a wide range of important issues about China. These issues included economic growth, financial development, trade, exchange rate policy, capital flows, urbanisation, environment and health.
The key message delivered at the conference was that, while China has achieved impressive transformation in the past 35 years, great challenges lay ahead in various aspects of China’s future, especially around the re-structuring of the economy to be more dependent on consumption rather than on exports, promoting productivity and innovation as growth drivers, and establishing stable and strong institutional foundations.