On Saturday, January 24, 2015, the 2015 China Business Network (CBN) Shanghai Pudong New Year Forum was co-hosted by Financial Services Bureau Shanghai Pudong New Area, China Business Network, Westgate Group, Inc., and NYU Shanghai.
Included among roughly 200 participants were Municipal Party Committee member and Pudong New District Party Committee secretary Shen Xiaoming, NYU Shanghai's Chancellor Yu Lizhong, and Director of the Volatility Institute at NYU Shanghai, Professor Wang Jianye.
The Vice President of the Development Research Center of the State Council, Liu Shijin, spoke about the new benefits of China’s ‘New Normal’—a shifting economy from previous high speed to medium-to-high speed growth and where the economic structure is constantly improved and upgraded, driven by innovation instead of input and investment.
Franklin Allen, Professor of Finance and Economics at Imperial College London, followed with a discussion reassessing international financial markets and the opportunities in China’s financial markets. Afterward, Deputy CEO and Chief Economist of Haitong Securities Li Xunlei spoke on behalf of embracing the era of PE investment.
The forum included a panel discussion addressing a new look at the global economy while providing insight in the trend of world economic development and future prospects for China. At Pudong’s financial hub, Lujiazui, these gathered experts with merging perspectives on the challenges and opportunities of China’s innovation-driven economy look forward to the steady, promising growth of a prosperous new year.
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