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Sixth Annual NBER-CCER Conference on China and the World Economy

Time: July1-July 3, 2004

Conference Site: China Center for Economic Research, Peking University


July 1

9:00- 9:15 Opening Remarks:

Justin Lin and Martin Feldstein

9:15 – 10:30 Inflation and deflation

Chair: Martin Feldstein (NBER & Harvard)

Justin Lin (CCER): Is the Chinese economy overheated?

Michael Bordo (NBER & Rugters University):

Inflation and deflation in the world history

10:30-10:45 Coffee/tea break

10:45 –12:00 Exchange Rates

Chair: Sebastian Edwards (NBER & UCLA)

Shuqing Guo (China State Foreign Exchange Administration):

Exchange rate regime in China

Shang-Jin Wei (NBER & IMF):

A Prism into the Purchasing Power Parity Puzzles

12:00 – 1:30 Lunch

1:30 - 2:45 Public Finance and Old-age Pension

Chair: Yang Yao (CCER)

Martin Feldstein (NBER & Harvard): Public finance and social security issues

Yi Zeng (CCER): Aging and related issues

2:45 – 3:00 Coffee/tea break

3:00 – 4:15 Labor and social protection

Chair: Ling Li (CCER)

Yaohui Zhao (CCER):

The impact of labor migration on urban wage differentials

Robert Moffitt (NBER & John Hopkins): Assistance to low-income families


July 2

9-10:15 Financial Sector Issues 1

Chair: Justin Lin (CCER)

Minkang Liu (China Bank Regulatory Commission):

Banking regulation in China

Sebastian Edwards (NBER & UCLA): Capital flows

10:15-10:30 Tea/coffee break

10:30-11:45 Environment

Chair: Shang-Jin Wei (NBER & IMF)

Don Fullerston (NBER & Texas Austin): Environmental economics

Angang Hu (Tsinghua University):

Water right trading and Yellow River conservation

12- 1 pm Lunch

1:15-5:00 Company visit
(1:15 pm Departure by bus from Dayuan or CCER)


July 3
9:00 –10:15 FDI and multinational firms

Chair: Feng Lu (CCER)

Xiaojuan Jiang (CASS): China as a world factory

Mehir Desai (NBER & Harvard Business School): Multinational firms

10:15-10:30: coffee break

10:30 – 11:45 State-owned firms and financial sector reforms

Chair: Michael Bordo (NBER & Rutgers)

Xin Zhang (China Securities Regulatory Commission):

Financial sector reforms in China

Yang Yao (CCER): SOE restructuring in China

11:45 – 12:00 Concluding remarks: Martin Feldstein and Justin Lin

12:00-1:00 Lunch

1 pm Adjoin

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