w88 casino News(Contributed by the International Office Photography Jade Lord)2016Year3month21Sunday afternoon,2001Winner of the Nobel Prize in EconomicsMichael SpenceThe professor delivered a speech in the conference hall on the third floor of the Chengxin Building and shared his views on the development of China's financial industry with the teachers and students present.

SpenceThe professor first pointed out the important position of demand in the economic structure and the basic role of the financial industry, and expressed the reasons and significance of the topic. He pointed out that in various markets including the financial industry，There are various information asymmetry problems, which need to be improved through supervision. On the issue of government debt, he expressed concern about today's excessive leverageAnd trying to use leverage to make up for the sharp drop in demand's concerns.

Professor SpenceGive a speech

Then,SpenceProfessor usesCharts and Data，Changes in the credit scale of China’s banking industry respectively、Changes in China’s debt structure and comparison with other countriesExplained, shows us the current highly leveraged situation in China, points out the potential threat to demand, and analyzes the bad bonds in China’s banking systemofratioDoneBrief analysis. While showing the trend of China's stock market, he pointed out similar problems in the banking industry,It triggered everyone’s thinking.SpenceThe professor’s speech came to an end with the analysis of exchange rates, foreign exchange reserves, and w88 surplus proportions.

SpenceThe professor then had an interactive exchange with the teachers and students of w88 casino.SpenceProfessor comes to Beijing this timeAttended the China Development Forum2016Annual Meetingactivities, and at the same time, he was invited by w88 casino to visit and give a speech. Vice President Zhao Zhongxiu presided over the event.