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Properly Deal with Trade Frictions and Promote Coordinated Regional Development ---The 7th Regional Economy 50 Forum Held in Beijing

Time:2018-09-21
 

In the afternoon of 26 of August, 2018, the 7th Regional Economy 50 Forum was held in Beijing. The meeting, under the theme of “U.S.-China Trade War and Regional Economic Development” focused on the impact of the U.S. trade war on regional development and possible coping measures to promote economic structural readjustment and development against the backdrop. Members of the Forum Chen Wenling, Cao Wenlian, Fan Hengshan, Liu Yilei, Sun Jiuwen, Xu Xianchun, Yang Kaizhong, Zhang Jianqing, Zhang Keyun, Zhang Xueliang and etc. participated in the meeting and spoke at the Forum. Director General Huang Yong of ICC, Deputy Director General Liu Jianxing, Chief Economist Zhang Yaxiong, Mei Xinyu from the Research Institute of International Trade and Economic Cooperation of MOFCOM, Secretary General Shen Tiyan from the Association of Regional Science and Advisor Yao Wang of the Baoao Forum for Asia attended the meeting as visiting experts.

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Vice Secretary General Fan Hengshan of the National Development and Reform Commission briefed the participants on the background of the meeting. He pointed out, the meeting was very important in taking in the advice on the U.S.-China trade war and regional economic development and showcasing research outputs. Director General Huang Yong extended warm welcome to experts at the meeting and gave a comprehensive analysis of the current situation and trend of the U.S.-China trade war. He pointed out that mutual strategic trust was in want between China and the U.S. and the current conflicts might continue to escalate. It was great significance to put focus on regional economic development issues under such background. It was reflected from 3 perspectives: first, research should be conducted on the impact of the trade war on specific regions, industries and groups from the perspective of stabilizing domestic economic development and ways to deal with as well as eliminate such impact; second, the trade war made us reconsider China’s development direction and especially the readjustment of the regional development strategy under such background; third, it might help us have a more profound understanding of the relation between reform and opening-up.

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Vice President of the Capital 

University of Economy and Trade and Chairman of the Association of Regional Science Yang Kaizhong chaired the first session of the meeting. He said that the trade war was not a one-time fair, but a long-term process. It is a major issue that awaits the attention of a host of experts. Different participants to the meeting also gave their own thoughts on this issue and held in-depth discussions on topics that concern regional development.   


Fan made the concluding remarks at the meeting. He said, the trade war is a war on strategies and we should rethink what had been done in the past, overcome the shortcomings and be prepared for the longtime war. 

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