w88 casino News Network (provided by the w88 casino of Finance)2020At 18:30 on April 15, 2020, Professor Zheng Chaoyu’s special lecture in the Financial Culture Festival series was held in the form of a live broadcast of the Tencent conference. Professor Zheng Chaoyu is a professor of economics at Renmin University of China, a recipient of the Fok Yingdong Young Teacher Research Fund Award, a Fulbright visiting research scholar in the United States, and was selected into the Ministry of Education’s New Century Talent Support Program and the Beijing New Century Philosophy and Social Sciences “Hundred Talents Project” training program. Professor Zheng Chaoyu's representative research results include the book "Theoretical System of China's Macroeconomic Analysis" and a series of papers on "Economic Research" and "Financial Research", and won the 4th, 5th, 6th and 7th Ministry of Education Humanities and Social Sciences Outstanding Achievements in Higher Education Institutions. In this lecture, Professor Zheng Chaoyu gave a wonderful speech on China's economic outlook. The students actively and enthusiastically participated and listened carefully.
In this lecture, Professor Zheng Chaoyu mainly talked about the typical problems that will arise after the per capita income is 10,000 US dollars, international economic conditions, equalization mechanism, economic development model, economic catch-up prospects and political orientation.
Professor Zheng Chaoyu first compared the different impacts of the COVID-19 epidemic and the subprime mortgage crisis on the economic development of developing and developed countries, combined with the current international financial development situation, to analyze the possible development prospects when China's economy becomes a high-income country in the current low interest rate era. The professor then analyzed that after per capita income exceeds 10,000 US dollars, two typical problems may arise: the sustainability of high-speed economic growth and the inherent stability of the economic cycle. In particular, the "three faults" problems may arise, namely, too fast fixed investment, too large a w88 surplus, and too much money and credit.
The professor then combined the specific national positions and ideologies of different countries, especially the IMF anti-crisis plan during the Asian financial crisis and the FRB anti-crisis plan during the U.S. subprime mortgage crisis, to analyze China's future economic development path that is different from that of capitalist countries. In addition, Professor Zheng Chaoyu also analyzed China's future economic development model based on theories such as the Great Avenue Theorem, and applied relevant knowledge of macroeconomics including dynamic PPP theory and comparing economic development indicators of different countries to analyze China's economic catch-up prospects. Finally, Professor Zheng Chaoyu analyzed the future policy orientation of China's economy based on the doctrinal debate over the subprime mortgage crisis, different anti-crisis lines, and four economic policy fables.
After Professor Zheng Chaoyu’s wonderful speech, the host and the students who participated in the meeting expressed their gratitude to the guests. After the host announced that the event had ended successfully, the students exited the meeting one after another.
Through this lecture, students have a more correct and objective understanding and evaluation of the current situation and prospects of China's economic development, and learned more macroeconomic knowledge. At the same time, this lecture not only helped students expand their knowledge, but also helped cultivate students to become comprehensive financial talents who are knowledgeable, follow the correct trend of the times, have a sound personality and comprehensive qualities.
