Overview of CAIJING Annual Conference
In 2016, multiple and intertwined political and economic risks triggered a series of events at the global level, such as Brexit, presidential election in USA, terrorist attacks, tensions in the South China Sea, exchange rate volatility and weak recovery. Structural risks come to the forefront, which will test political and economic decision-making in many countries. As divergence between emerging markets and developed countries becomes increasingly prominent, the global economy appears to lack new growth drivers, and new mediocre and new confusion have become global development issues. Finding a new equilibrium is becoming the new requirement.
China's economy, after having bottomed out, starts to show early signs of recovery. Supply-side reform is entering a deep-water zone, and structural imbalance and reform pressures are prominent. 2016 is the first year of the “13th Five-Year Plan”. The introduction and implementation of policy measures will have a direct bearing on achieving the goals of “stable growth, structural adjustment and capacity elimination”. China continues to implement the “One Belt, One Road” strategy and endeavors to offer a new model for the new era of economic globalization by advocating inclusive development and optimizing the positive impact of globalization.
Embracing new changes, devising new growth, and driving the new economy, China is faced with new growth opportunities. With the rise of artificial intelligence and the industrial waves, financial reform and innovation are unfolding, the optimization of China's economic structure and industrial upgrading are under way, and technological innovation is becoming the new driver for economic development. Government functions in China continue to be sorted out, tax reform is ongoing, state-owned enterprise reform is progressing in a comprehensive fashion, entrepreneurship and innovation are becoming prominent features, and the marketization of China's economy is accelerating. Meanwhile, capital market continues to improve, financial regulations are strengthening, and monetary and fiscal policies are seeking to find a new balance in a more complex reality.
Looking into 2017, what China would do to deal with a more complex international environment, to maintain its steady economic growth, to advance the rule of law, and to enhance social security and the protection of the rights and interests of its citizens are important questions that have received widespread attention.
In November 2016, the CAIJING Annual Conference will again bring together political, business and academic leaders at home and abroad to conduct in-depth analyses of hot topics in the world, look into future economic, political, social and technological trends, and jointly seek new drivers of development in China and the world at large.