24 25 26
May 2018
20 June
Caixin Media Televised Debate

CHINA CHANGING GEARS: NEW MODELS FOR GROWTH

18:00-19:15 Pavilion 4, Conference Hall 4.1


China’s model of building global-scale SOEs to drive export-oriented growth has proven remarkably successful over the past two decades. But many would argue that if the country is to avoid a ‘middle income trap’, investment must shift to privately held – and often smaller – enterprises.Will China be successful in adjusting its growth model?What is the likely impact on regional and global growth?


Moderator:
Wang Shuo, Managing Editor, Caixin Media Company
Panellists:
Damian Chunilal, Chief Executive Officer for Asia, VTB Capital
Pavel Grachev, General Director, Far East and the Baikal Region Development Foundation
Lu Hao, Governor of Heilongjiang Province, China
Li Jiange, Vice Chairman, Central Huijin Investment Company Ltd
Andy Xie, Independent Economist, China

Highlights

Don’t worry about the Chinese people, we need to worry about the Chinese government. Chinese people are very market-oriented.

Andy Xie
Independent Economist, China

Global competition is very important... China is a nice export country in the world... China should try to strike a free trade agreement with Europe and that would bring competition to every industry.

Andy Xie
Independent Economist, China

(About relationship between the government and the society, the economy). Should government be more concerned about preserving allocated efficiency in the economy, creating the means for businesses to grow, creating a financial system which is stable, which allocates credit appropriately, which prices credit appropriately, which encourages new businesses to set up, which attracts foreign capital into China, and encourages competition in real sectors?

Damian Chunilal
Chief Executive Officer for Asia, VTB Capital

I believe that rising property prices and turning markets into a bubble, coupled with the free convertibility of the Yuan, may be pretty harmful for the economy. If we do that – this bubble will only grow and the reforms will be postponed even longer.

Li Jiange
Vice Chairman, Central Huijin Investment Company Ltd

We need to continue reforming the tax system, to regulate the relationship between the centre and the local government, between the state and the businesses. We have to change the system that has been in existence over the past 10-20 years in terms of allocating tax revenue between the centre and the provinces.

Li Jiange
Vice Chairman, Central Huijin Investment Company Ltd

What I see is two things: one is tax cutting, the other is squeezing the property bubble. I think that the most important tax is value added tax, because it is the bulk part of tax revenue… It is a consumption tax cut. If you want to support consumption, you must reduce the cost of consumption.

Andy Xie
Independent Economist, China

At this time

18:00-19:15 Pavilion 8, Conference Hall 8.3
New Catalysts for Change Panel

BRIDGING RESEARCH TO PRODUCTS ON THE SHELF: IDENTIFYING THE FINANCE TO MAKE IT HAPPEN

18:00-19:15 Pavilion 5, Conference Hall 5.2
New Catalysts for Change Panel

THE JOBS AGENDA: NEW APPROACHES FOR BUILDING THE SKILLS BASE FOR FUTURE EMPLOYMENT

18:00-19:15 Pavilion 5, Conference Hall 5.1
Russia’s New Horizons Panel

THE LOGISTICS IMPACT: PORT, RAIL, AND ROAD DEVELOPMENT TO SPUR GROWTH

In cooperation with Russian Railways

18:00-19:15 Pavilion 4, Conference Hall 4.2
The Global Growth Agenda SPIEF Open Debate

TACKLING GLOBAL CORRUPTION AND BRINGING TRANSPARENCY TO MARKETS

Please post your thoughts on the open debate to SPIEF2013OD@gmail.com or on Twitter SPIEF2013OD

18:00-19:15 Mercedes-Benz STARBAR
Russia’s New Horizons Briefing

THE POTENTIAL FOR RUSSIA’S ACCESSION TO THE OECD

18:00-19:15 Pavilion 5, Conference Hall 5.3
Russia’s New Horizons Panel

UNDERPINNING RUSSIA’S FINANCING ASPIRATIONS

18:00-19:15 Pavilion 3, Amphitheatre
New Catalysts for Change Panel

NETWORKED HEALTHCARE SYSTEMS