The 11th China Youth Economists Forum and Talent Training Seminar, sponsored by Chinese Academy of Social Science and Peking University, undertaken by the editorial department of Economic Research Journal, Guanghua School of Management of Peking University and Institute of Advanced Study at Wuhan University was held on September 23rd – 24th, 2011 at Peking University.
Several experts gave theme speeches on the morning of Sep 23rd. Liping Deng, dean of Xiamen National Accounting Institute, delivered a speech on hot issues about China’s fiscal institution reform based on current economic situation. He also pointed out research directions on income, expenditure, reform and opening up and expressed his great hope on the youth scholars. Changhong Pei, director of Institute of Economic Research of Chinese Academy of Social Sciences shared his understanding of the "Twelfth Five-Year Plan" with the participants. To transform the mode of economic development, he believes that we should first follow the guidance of Deng Xiaoping Theory, the important thought of Three Represents and the concept of Scientific Development. We should insist in taking economic development as the central task, aim at strategic adjustment of economic structure and rely on science and technology and reform to improve people's life and construct a resource-saving and environment-friendly society. Qingwang Guo, dean of School of Finance, RenMin University of China, illustrated his ideas which contradict with current popular saying with abundant graphs and data from the aspects of investment, consumption and exports. Shaoan Huang, dean of Shandong University Economic Research Institute and School of Economics, Central University of Finance and Economics analyzed the property rights of China’s rural land, pointed out the main problems raised during the expropriation of land and gave several relevant suggestions at last. Dean of Guanghua School of Management of Peking University Hongbin Cai argued that one of the most important structural problems of our economic development was the excessive dependence on the outside and insufficient domestic demand. In the structure of domestic demand, investment accounts for a too high percentage while consumption accounts for too low. Therefore, the insufficient domestic consumption demand is the main manifestation of insufficient domestic demand. He finally summarized that accelerating marketization is the key to solve this structural problem.
About a hundred youth economists coming from different universities and research institutes discussed in groups in the fields of macro economics, micro economics, financial economics, the economic practice of China and economic theory during the following one and a half days.
In the area of macro economics, some researchers studied the factors that affect economic growth. For example, how monopoly influences economic growth through allocation of resources, how natural resources development activities could affect regional technological progress and economic growth, how historical factors such as change of ownership structure lay their impacts on economic growth as well as income gap’s dynamic effects. Some researchers paid attention to the fiscal and monetary policies’ influence on China’s economy, such as studies of capital expenditure, taxation, fiscal expenditure and money supply’s effects on economic growth