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PKU Party Committee Theory Center
Group Holds the International
Economic Situation Symposium
PKU NEWS 2008—12—04
http://ennews.pku.edu.cn/news.php?s=228575057
Peking University, Beijing, Dec 4th, 2008: The International Economic Situation
Symposium was held by the Party Committee Theory Center Group of Peking
University in the afternoon of December 2nd. Professor Zhou Qiren, Dean of PKU
National School of Development, was invited to deliver a guidance report on the
current economic situation at home and abroad.
PKU Party and Administrative leaders and Grass-root Party Committees, secretaries
of the party's working committee, the general party branch and the party branch
directly under the general party branch and department managers of the Party
Committee System participated in the symposium, chaired by Min Weifang,
Secretary of Party Committee of PKU.
Professor Zhou Qiren analyzed the current international economic situation in his
speech entitled ―the Change of Economic Trends". First of all, he pointed out that
China's economy encountered a rapid change from "hot" to "cold" this year, which
could be seen from the decline of export market, tightening of the domestic market,
and the downturn in the asset markets. In his view, the external causes of these
unusual changes were the big problems in the fiscal and monetary policy of the
United States, which created a huge amount of debt and financial bubble, and
caused a flood of dollars in global markets and eventually led to an international
financial crisis and the impact and shock of China's economy; while the external
causes were related to the lack of timely adjustment in China's exchange rate policy
in the past period of time, which led the domestic industrial structure to lean to export
processing operations heavily, and thus China‘s economy would be influenced once
an international market crisis took place.
Professor Zhou Qiren thought it was necessary for the Party Central Committee and
State Council to decidedly implement a proactive fiscal policy and moderate
monetary policy, increase the support to guarantee people's livelihood, expand
domestic demands, change the way of development and structural adjustment with
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