w88 casino News Network (Reporter Wang Mingwei）Focus on the new financial normal and interpret new economic policies.5month11日18:30, Zong Liang, the current deputy general manager of the Development Department of the Bank of China, visited the University of w88 and Economics. He enthusiastically and humorously interpreted the new form of China's economy under the new normal for the students of the University of w88 and Economics, and analyzed the new international trends under financial globalization.
The Belt and Road Initiative is an artistic policy
Zong Liang explained at the beginning of the lecture that the basic characteristics of the new economic normal include the change of economic growth from high-speed to medium-high speed, the change of economic driving force from factors and investment-driven to innovation-driven, and the optimization and upgrading of structure. In this new era, China has the opportunity to surpass the United States to become the largest economy and become a net capital exporter. Zong Liang mainly explained the policy that has had extraordinary influence in the recent past-One Belt, One Road, from2014year9Proposal of the Silk Road Economic Belt in May10Proposed in Indonesia21The Century Maritime Road Economic Belt, “One Belt, One Road” has been carefully planned and has caused great repercussions in the world. In order to curb China's rapid development in the economic world, the United States created theTTPand other cooperative relations, but China is not afraid, and proposes the strategic vision of “One Belt, One Road” and attempts to establish the Asian Infrastructure Investment Bank.
“The proposal of the Belt and Road Initiative is artistic,” Zong Liang said of the “Belt and Road Initiative”. The countries along the “Belt and Road” are all at an important stage of industrialization and urbanization, and today’s world economic center is shifting to the “Belt and Road”. Although the implementation of the "Belt and Road" policy has risks that cannot be ignored in terms of project sustainability and overseas investment, Zong Liang pointed out that economic globalization through the "Belt and Road" is something that must be done in the economic development stage.
RMB internationalization is the general trend
When further elaborating on the importance of the AIIB, Zong Liang said that China must stand on the moral high ground when developing its economy and pay more attention to ecology and humanity. Therefore, it is a wise choice for the AIIB not to have a "veto power". The establishment of the AIIB gives China a voice in current international finance and a say in future international economic development. At the same time, in order for the AIIB to play a more significant role, policymakers must have a macro vision and a strategic vision, act in a timely manner, and make decisions.
Zong Liang emphasized that if China wants to truly surpass the United States, the internationalization of the RMB is essential, and this is also the general trend today. There are six major fronts for RMB internationalization today: currency swaps, offshore RMB market, regional cooperation, “loans for commodities”, and RMB accessionSDR, the establishment of the RMB global clearing system. They make the internationalization of the renminbi more than just talk. However, in order to truly make the internationalization of the RMB possible, the problems arising from cultural differences and differences in thinking that Bank of China encounters when developing overseas also need to be resolved urgently.
At the end of the lecture, Zong Liang lamented that walking into campus again had to trigger his emotions. He shared his poems with the students and received praise and admiration from the students.
This event is organized by the Student Union of the Youth League Committee of the w88 casino of Finance.
