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Vice president of IMF Doctor Zhu Min delivered a lecture in our school

作者:     日期:2014-11-14    来源:

The lecture of China Society of World Economics cum the fifty-second phase of Economic and Financial Masters Forum of Finance School was held as scheduled at academic hall 202 at 4pm, November 18th. Doctor Zhu Min, the vice president of the International Monetary Fund, delivered a wonderful public lecture called “The changing world” to the teachers and students. The lecture was hosted by Professor Zhang Liqing, the dean of Finance School and the vice president of China Society of World Economics, and leaders from Society of World Economics and Bank of China were seated in the front row. NETEASE Finance undertook whole journey direct seeding to this public lecture. Under a warm atmosphere, all seats in the hall were occupied.

Doctor Zhu Min, a famous economist, is the vice president of the International Monetary Fund and the vice president of China Society of World Economics. He received Bachelor of economics in Fudan University in 1982. From 1985 to 1990, he received master's degree of public administration in Princeton University and Ph.D. of economics in Johns Hopkins University. He once worked in Word Bank, United Nations Development Programme, Bank of China and People’s Bank of China. On July 26th, 2011, Doctor Zhu Min was appointed to be the vice president of the International Monetary Fund and became the first Chinese to enter the top management of the organization.

At the beginning, Doctor Zhu Min analyzed the global correlation from economy, trade, finance, money and other aspects and the profound changes of global economic landscape caused by the global correlation. In his opinion, the world economy was faced with an unprecedented structural change, which was led by trade and finance. Then, he analyzed the change of world economy growth focus. He pointed out that the focus was shifting from the developed countries to the emerging economies and developing countries. The GDP of emerging economies and developing countries would exceed developed countries for the first time at the end of this year and the demand of six billion people from emerging economies and developing countries was changing the demand structure of the whole world. However, the emerging economies and developing countries were still faced with ten severe challenges, including changing growth model led by export and investment, increasing R&D investment, increasing investment in agriculture sector, opening service sector, improving energy efficiency, financial reform, financial sector reform, strengthening the macro and crisis management ability, emphasizing the balance among income distribution, job creation and output growth, and developing new life style. At last, from the debt of euro area countries, America and Japan, Doctor Zhu Min analyzed the impact of deleveraging on economic growth. He thought that deleveraging had an impact on total demand of the world which was long term, and the debt wouldn’t be eliminated without economic growth. He thought that three trends above, the strengthening global correlation, the shifting of world economy growth focus and the deleveraging, would lead the future changes of world pattern in the next five to ten years.

Doctor Zhu Min delivered a speech
 
Under a warm atmosphere, all seats in the hall were occupied
 
Dean of Finance School Zhang Liqing hosted the lecture
 
In the interactive stage, students asked questions according to the lecture and Doctor Zhu Min answered carefully. Finally, Dean Zhang Liqing summarized the lecture given by Doctor Zhu Min and sent the gratitude to Doctor Zhu Min coMin to our school. The lecture ended in a relaxing atmosphere. Teachers and students were impressed by the style of economics master performed by Doctor Zhu Min and learned a lot from the lecture.

After the end of the lecture, the president of CUFE Wang Guangqian gave a banquet in honor of Doctor Zhu Min and relevant responsible people from Society of World Economics