NSE WORKSHOP

Time：Friday Nov.4; 15:30-17:00

Venue：Small Classroom, Wanzhong Building, NSD, Peking University

Host：Prof. Jiajun XU, Prof. Xin WANG, Prof. Yong WANG

Speaker：Qiyuan XU ( Institute of World Economics and Politics, Chinese Academy of Social Sciences )

【ABSTRACT】

China Development Bank(CDB) is usually well known as an institution facilitating growth through infrastructure financing. This presentation will focus on other functions, which could be even more significant. Firstly, CDB is a shaper to improve the local government credit system with some institutional innovation. Secondly, CDB plays a role of counter-cyclical in the macro economy both in terms of fiscal and monetary policies. We will find how the developing financing institution in China provides the public goods, ad hoc in institutional improvement, with the regime constraints. Although CDB play a key role in China’s economy in last decades, in the wake of negative effects caused by the preceding model, CDB is facing more challenges today.

【SPEAKER】

Xujoined IWEP (Institute of World Economics and Politics), CASS (Chinese Academy of Social Sciences) since 2008, and    becomes a senior research fellow since 2011, then the head of economic development division at IWEP in 2014. In 2012, he also took up the role of advisor to the international collaboration department in Ministry of Finance of PRC.

Speaker's profile at http://www.iwep.org.cn/yjry/yjry_ayjspl/ayjspl_jjfzyjs/201404/t20140415_1902025.shtml