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'Korea-China ties stronger than ever' |
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| 이름 | 하유진 | 등록일 | 15.11.06 | 조회수 | 243 |
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Forum sheds light on economic, political
relations By Rachel Lee Korea and China are enjoying the best period in their relations
since the establishment of diplomatic ties in 1992, Chinese Ambassador to Korea
Qui Guo-hong said at the China Forum 2015 at the Shilla Seoul,
Thursday. "The two countries have built up political trust, high-quality economic cooperation and trade, and active exchange of humanities," the ambassador said in a keynote speech. The annual conference, jointly hosted by the Hankook Ilbo and The Korea Times, consisted of speeches and three sessions under the theme "Shift in China's Paradigm." The Chinese ambassador, Korean Prime Minister Hwang Kyo-ahn, and Hankook Ilbo President Lee Jong-seoung made opening remarks. "Korea and China are close friends in various aspects including politics, trade and culture, and we expect trade between the two to expand further both in quantity and quality," Lee said. Fan Gang, National Economic Research Institute director, and Chung Duck-koo, Near Foundation chairman, spoke on China's business cycles and long-term growth prospects and the transition period of the Chinese economy, respectively. Gang pointed out major problems that China is facing — overcapacity, looming deflation and struggling companies — all of which are typical in the downturn of a business cycle. "Since the Chinese economy is slowing down, we have to think about cyclical issues in addition to the long-term factors such as institutional or structural factors," Gang said. He said the slowdown in economic growth will provide the country with opportunities to carry out the necessary restructuring for sustainable growth. Gang suggested the country needed financial reforms, technology innovation and environmental protection for future growth. He ruled out the possibility of economic growth falling sharply, claiming China will be able to sustain "reasonably high growth." "It is still likely for China to have around 7 percent growth for 10 to 20 years if things go normally," the director said. With Chung taking the moderator role, the first session on the "Renminbi Crisis & Global Economy" invited Zheng Michael Song, a professor at the department of Economics, Chinese University of Hong Kong, and Richard Duncan, author of international bestseller "The Dollar Crisis" and chief economist of Black Horse Asset Management, as presenters. Mark Faber, chairman of Marc Faber Limited, and Yun Chang-hyun, a professor at the Business Administration Division at the University of Seoul, participated as panelists. In the second session, Jin Canrong, associate dean at the School of International Studies at Renmin University, Duncan and Cheong Young-rok, a professor at Seoul National University, discussed the topic "AIIB & One belt, One road." The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank initiated by China. Faber and Jeon Byeong-seo, head of the China Economy and Finance Research Institute in Korea, participated in the third session covering "Strategies for Investment in China." Yongqiang Yang, Letv Cloud Computing CEO, gave a special speech on "Recent Developments in the Chinese IT industry and Future Outlook." |
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