On 4th, September, 2015, VEPR’s Chinese Economic Studies (VCES) has successfully held the International conference: “The New Normal State of the Chinese Economy: Perspective on Economic Development and Stability in the Region”
Following the success of the national scientific conference “China rebalancing the economy and variable impacts on region” held in 28thNovember 2014; on 4th, September, 2015, VEPR’s Chinese Economic Studies (VCES) has successfully held the International conference: “The New Normal State of the Chinese Economy: Perspective on Economic Development and Stability in the Region”
The conference had the participation of many leading scholars, researchers in economic, politic and diplomatic sector, also from other prestigious local and international research institute and the media.
In the beginning, Dr. Nguyen Duc Thanh, Director of Vietnam Institute for Economic and Policy Research (VEPR) gave the opening remark and introduction about the conference. This is the fourth time that VCES held an annual conference on Chinese economy to boost the research activities of local and international scholars on modern Chinese economy. Following the previous conferences, this year conference continued to discuss economic and strategic issues of China under Xi Jinping in the context which China became the second world leading economy and gained a love of socioeconomic achievements.
Then, Dr. Luu Thuy – Vice president of China Institute for Economic – People’s University of China presented the report on “Solving the issue of excess production in China traditional industry under the strategy One belt – One road”. In his report, Dr. Luu Thuy pointed out the excess production issue in some traditional industries of China and China’s direction in cooperating with other countries in the strategic “One belt – One road” area
After the Dr. Luu Thuy report, the conference is divided in two subcommittees which are Economic subcommittee and Strategic subcommittee so that participants can focus on the subject they interested in. At Economic subcommittee, Dr. Pham Sy Thanh – Director of VCES presented the report “Chinese Economic Situation under Xi Jinping: New or old? Dr. Pham Sy Thanh gave multi-dimension information and analysis on the change of policy planning structure under Xi Jinping as well as the risk that China might have to suffer when shifting to “the new normal state”.
After that, Dr. Pham Toan Thang – Deputy manager of the Business Environment and Competitiveness Department – Central Institute for Economic Management (CIEM), Ministry of Planning and Investment presented his report called “Vietnam – China trade dependence and some policy implications”. In his report, Dr. Tran Toan Thang delivered information on commercial and diplomacy cooperation between Vietnam – China over the periods and from this, offering insights on the state of trade relations between the two countries.
Dr. Duong Loi Phong – Tay An University of Transportation (China) provided useful information related to culture and knowledge shift among people through the report “The influence of culture to knowledge sharing: From theory to evidences”. His report originated from practical problems in life on awareness management through the combination of culture and knowledge aspects, characteristics and context. From those elements, Dr. Phong analyzed detailed causes which get in the way of culture interference and knowledge sharing.
After Dr. Duong Loi Phong report, Prof. Ruhanas Harun – Faculty of Strategy Research, National Defense University of Malaysia presented her research on “China soft power: Comments on Chinese economy, culture and society in Malaysia”. In her research, the presence of China in economy, politic and Malaysian life was brought in a multi-dimensional view.
After lunch, speakers and guests continued to participated two subcommittees of the conference. At Economic subcommittee, Assoc. Prof. Luu Tinh – School of Economics and Management – Tsinghua University (China) delivered the report “Research on capital account liberalization and macroeconomic adjustment mechanism of the process of internationalization of the renminbi”. In the context of an emerging economy, research and information on Chinese currency policy are essential. Under the economic perspective, the extension of Renminbi flows have huge impact to the world economy and China itself.
Afterwards, to end the session in the Economic subcommittee, MSc. Dang Ngoc Tram – Center for Information and Economic Forecast – Society National, Ministry of Planning and Investment brought to the conference the report: “Investment money directly to the outside bearing Chinese “trait” and the movement trend in the new situation”. MSc. Dang Ngoc Tram presented the FDI theory of China in this new period and the analysis of FDI flows bearing Chinese “trait”.
Dr. Truong Minh Huy Vu – Director of the Centre for International Studies (SCIS), Ho Chi Minh City University of Social Sciences and Humanities is the facilitator for the second session of Strategy subcommittee. Dr. Thanyathip Sripana – Asia Research Institute, Chulalongkorn University, Bangkok (Thailand) had a realistic and sharp view on the situation of Chinese tourist in Thailand and theirs behaviors through the report “Chinese presence in Thailand through tourism”
To end the session, MSc. Pham Ngoc Minh Trang – Faculty of International Relations, Ho Chi Minh City University of Social Sciences and Humanities talked about “International law and the disputes over the South China Sea: Recommendations for ASEAN countries”. The issues related to South China Sea is getting more concerns from international public, therefore, MSc. Pham Ngoc Minh Trang’s research brought a lot of useful information concerning South China Sea issues using international law.
The discussion part went fruitful as there are many opinions and recommendations from economic and strategic experts. The emerging of China in the world economy is a hot issue and attracts the attention of experts with the hope to have a deeper and more comprehensive view. Besides, issues related to culture and strategy also attract attendees to raise questions and discussions. Here, local and international economic experts not only pointed out the current situation but also brought to table the solutions.