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The opening of the 8th Financial Culture Festival and the keynote speech by economists

Published: March 25, 2009 Edit:

w88 casino News Network (Reporter Zhi Jingya)3month24At 7pm today, the opening ceremony of the 8th Financial Culture Festival and Economist hosted by the Student Union of the Youth League of the w88 casino of Finance1+1The keynote speech kicked off grandly in the international conference hall on the third floor of the Chengxin Building. Liu Ya, Vice President of the w88 casino, Wu Jun, Dean of the w88 casino of Finance of the w88 casino, Guo Hongyu, Director of the Department of Monetary Economics of the w88 casino of Finance of the w88 casino, and Dr. Liu Guangcan, visiting guest of the w88 casino of Finance of the w88 casino, attended the opening ceremony.

The two economists invited to give speeches at the opening ceremony were Su Jian, deputy director of the Economics Department of the w88 casino of Economics at Peking University and director of the Beijing Foreign Economic Doctrine Research Association, and Ding Zhijie, deputy dean of the w88 casino of Finance at the w88 casino and director of the China Society for Finance and Banking. The two professors had unique views and conducted an in-depth discussion with the students on site about my country's macroeconomic trends under the background of the global financial crisis.

The opening ceremony was packed with seats

At the beginning of the opening ceremony, Wu Jun, Dean of the w88 casino of Finance, delivered an opening speech. He said that the Financial Culture Festival is the brand feature of the w88 casino of Finance. He hoped that finance, culture and energy conservation would create a good learning atmosphere at the University of International w88 and Economic Cooperation and provide a broad exchange and learning platform for University of w88 and Economic Affairs students. Finally, he wished the 8th Financial Culture Festival a complete success.

Wu Jun, Dean of the w88 casino of Finance, delivers an opening speech

Afterwards, Liu Ya, Vice President of the w88 casino, delivered a speech. He said that being knowledgeable does not mean being literate. The first classroom mainly solves knowledge-level problems, while the second classroom transforms knowledge into abilities, thereby improving students' quality and cultural literacy. The holding of the Financial Culture Festival demonstrates the purpose of the Second Classroom and plays an important role in training students' abilities and improving their quality.

Speech by Liu Ya, Vice President of w88 casino

Economist1+1The keynote speech officially started with warm applause.

Can technological innovation turn the tide

In his speech, Professor Su Jian started from the Second World War, based on the U.S. federal funds rate and the United StatesGDPChanges in growth rate and analysis of the causes of the US financial crisis. He also put forward reasonable countermeasures for our country to deal with the financial crisis. He believes that our country should adopt innovation support policies to innovate from five types: new products, new processes, new markets, new management technologies, and new raw materials; moreover, it should also increase investment in science and technology; carry out scientific and technological, educational, and political reforms; and adjust foreign policies to ensure the supply of key raw materials.

Professor Su Jian’s unique and in-depth analysis

Professor Su Jian elaborated on the causes and consequences of the U.S. financial crisis and my country's countermeasures, revealing the essence of the U.S. financial crisis from a unique perspective.

Facing the wind and waves, opportunities and challenges coexist

After that, Professor Ding Zhijie discussed with the audience the issues related to the game between great powers in the crisis and China’s response. In his speech, he analyzed how the Wall Street economic crisis caused the U.S. economic crisis and then triggered a worldwide financial tsunami. He believes that China's accumulation of huge foreign exchange assets and huge domestic market potential are important guarantees for China to get out of the crisis. China's economic recovery depends not only on its own policies, but also on the uncertain external world. He proposed that the focus of expanding domestic demand should be consumption. Insufficient consumer demand is an important problem facing the sustainable development of our country's economy. He also analyzed the long-term fluctuation process of the U.S. exchange rate, emphasizing that the financial crisis is both a challenge and an opportunity for China.

Professor Ding Zhijie’s in-depth analysis from the outside to the inside

Finally, he hoped that the audience would believe in China and believe that the Chinese government must be able to turn crises into opportunities.

After the speech, Professor Su Jian and Professor Ding Zhijie jointly answered several financial questions raised by the audience.

Professor Su JianheProfessor Ding Zhijie answered the audienceAsk a question

The activities held at this Financial Culture Festival are rich and colorful, creating a learning atmosphere that combines academics and practice, and providing a broad communication platform for University of w88 and Economics students. Please stay tuned for the follow-up activities of the 8th Financial Culture Festival.

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