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

 

June 30-July 3, 2004

 

Organizers:  Justin Lin and Yang Yao (CCER)

Martin Feldstein and Shang-Jin Wei (NBER)

 

 

Conference Site:  China Center for Economic Research, New Building [MAP]

 

Residence for NBER participants: Da Yuan (No. 1, Fu Yuan Men, Hai Dian District, Beijing China, 100091, Tel:62561115, Fax:62566344)

 

For logistical help, please contact CCER’s Office Manager, Ms. MA Xiaoping,

tel: (86-10) 6275 3098 or 6275 7375; fax: (86-10) 6275 4719 or 6275 1474

 

For emergency help, please call 1370-114-2170 (cell phone of Professor Yang Yao)

Or 1360-129-7019 (cell phone of Ms. XING).

 

June 30

 

 

 

8: 30 – noon

(optional) A walk in the Forbidden City with Shang-Jin Wei

 

 

noon – 1 pm

(optional) Lunch at South Beauty (俏江南) – Sichuan style restaurant

 

Oriental Plaza (东方广场) Lower Level 1 BB88

 

Tel: 8518-6971, or 8518-6972

 

 

4:30 pm

Check out and move to Da Yuan near the conference site

 

[CCER will send a van or a mini-bus to pick up NBER delegates from the front

 

entrance of the Grand Hyatt]

 

 

6:30 pm

Reception at the CCER

 

 

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 & Rutgers University):  Deflation in Historical Perspective

 

 

10:30-10:45

Coffee/tea break

 

 

10:45 –12:00

Public Finance and Old-age Pension

 

Chair: Yang Yao (CCER)

 

 

 

Martin Feldstein: Public finance and social security issues

 

Yi Zeng: Aging and related issues

 

 

12:00 – 1:30

Lunch

 

 

1:30 - 2:45

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

 

 

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 & Johns Hopkins): Labor Supply

 

 

6: 15

Dinner (Old Summer Palace --Yuanming Yuan) - tentative

 

 

July 2

 

 

 

9-10:15

Financial Sector Issues 1

 

Chair: Justin Lin (CCER)

 

 

 

Mingkang Liu (China Banking 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 Fullerton (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  

 

 

7:00

Dinner

 

Oasis (Chinese name: 静颐洲Jing4 Yi2 Zhou1) – Shanghai-style restaurant

 

Dongchen District, 29 Dongzhong Jie, Donghuai Guangchang B 2nd floor).  Tel: 6418-1072

 

Comment: The best Shanghai-style restaurant in town.

 

 

July 3

 

 

 

9:00 –10:15

FDI and multinational firms

 

Chair: Feng Lu (CCER)

 

 

 

Xiaojuan Jiang: 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

 

 

 

NBER Delegation

 

Speakers:

 

Michael Bordo (Rutgers), Deflation in Historical Perspective

Mehir Desai (Harvard Bus Sch),  Multinational Firms

Sebastian Edwards (UCLA), Capital Flows

Martin Feldstein, Taxes

Don Fullerton, Environmental Economics

Robert Moffitt   ( Johns Hopkins), Labor Supply

Shang-Jin Wei, A prism into the purchasing power parity puzzles

 

NBER Observers:

 

Douglas Almond  (Columbia University)

Elizabeth Baily (Wharton, and Vice Chairman of NBER)

Alejandra Cox-Edwards (California State University)

Mischa Feldstein (Harvard University)

Brian Murray (AIG) 

Ying Qian

6/2/04