China in Conversation on Economy Held by UWACI

[Source]    Confucius Institute at the University of Western Australia [Time]    2015-11-23 10:26:58 
 

The "China In Conversation" Forum, jointly-organised by Confucius Institute at the University of Western Australia and Perth USAsia Centre, was held at the University Club Lecture Hall on 12 November, attracting more than 180 participants from all walks of life. Professor Kent Anderson, Deputy Vice-Chancellor (Community & Engagement) of UWA opened the forum by introducing the three speakers: Professor Yuexiang Jiang, from the College of Economics, Zhejiang University, China, Winthrop Professor of Economics Rod Tyers and Professor Yanrui Wu, both from the UWA Business School. The three professors of economics delivered keynote speeches on the topic "The Chinese Economy: Myths and Realities" and also had a conversation with the audience.

Professor Yuexiang Jiang delivered a speech titled How Realities Continue Myths, in which he introduced the lessons he learnt from the reasons for the rise and fall in China's stock market in recent years. He also analyzed the characteristics of the Chinese securities market using the probabilistic method and the principle of Yin and Yang in traditional Chinese philosophy.

Winthrop Professor of Economics Rod Tyers's speech was titled The Chinese Slowdown and the Global Effects, in which he analysed in great detail the factors for China’s economic slowdown. He also spoke about the favourable and unfavourable factors impacting China's prospects for economic development, providing much food for thought for the audience.

Professor Yanrui Wu presented on the topic China’s Service Sector: The New Engine of Economic Growth. Through substantial horizontal and vertical comparisons, he concluded that the growing service sector is accounting for a larger proportion of the Chinese economy, and its impact is increasingly significant. He also affirmed that the service industry will be a new engine of growth for China's economy in the future.

After the speeches, Mr. Gordon Flake, founding CEO of Perth USAsia Centre facilitated a conversation where speakers addressed questions from the audience. Mr. Flake also summarized the discussion and gave closing comments. The large turnout and warm applause proved the success of the event.

"China in Conversation" is a newly introduced high-level forum organized by the Confucius Institute at the University of Western Australia. It aims to run every quarterly. It brings together distinguished experts, scholars, and executives of government and business sectors from both China and Australia to engage in dialogues regarding heated topics on China which are of public concern.

 
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