Grasping the Pulse of the Changing Era, Constructing an International Communication Matrix"

--The 2022 Annual Meeting of the North America Ming De Forum was Successfully Held in both Online and Offline Modes

"Mountains will be joined by clouds and rain, and the bright moon never discriminates between provinces." In the video address by Professor Du Peng, Vice President of Renmin University of China, the "North America Ming De Forum 2022 Annual Meeting," sponsored by the Renmin University of China North American Alumni Association and jointly supported by Guolian Securities and Benimax Investment Group, was unveiled in New York.

The theme of this year's meeting was "Changing Times: The Recovery and Reshaping of Global Political Economy." By combining online discussions and offline meetings, the forum focused on hot topics such as China's economic recovery, world economic trends, financial market outlook, and the restructuring of the global geopolitical landscape. The event provided a high-density intellectual feast for global elites.

Online Discussion Based on China

On the evening of November 18th, Eastern Time, the "North American Mingde Forum 2022 Annual Conference" first held an online seminar, hosted by alumnus Wu Yafeng, president of the North American Alumni Association. He first clarified the significance of this event: "The era of change has two meanings. One is the grand narrative theme, which is a major change unseen in a century; the other is the current epidemic prevention and control, economic development, geopolitics and international relations. , the major changes we are going through and are about to usher in. What these changes mean and what preparations we should make, macro and micro, are the core content of the discussion at this annual meeting.”

Professor Peng Du, vice president of Renmin University of China, delivered a speech

Vice President Peng Du also fully affirmed the significance of this annual meeting in his video speech: "This year's North American Mentor Forum is against the grand background of the world's major changes unseen in a century, facing huge challenges in the global economy, The characteristics of the era of international political turmoil, discuss the economic recovery and geopolitical reconstruction in the era of change. The majority of alumni will work together to deal with the risks and challenges of globalization, and strive to contribute wisdom to economic and social development in the post-epidemic era.”

He also said: "The world has entered a new period of turbulence and change, and the instability and uncertainty have increased significantly. It is urgent to answer the questions of the times about what is wrong with the world and where is mankind going. This forum provides an opportunity for alumni at home and abroad to It is a valuable opportunity to get together and learn from each other." He encouraged experts and alumni to further focus on major strategies, broaden their horizons, build an international communication matrix, and enhance their international discourse power.

In the keynote speech session hosted by Xiwen Fan, the founding president of the North American Alumni Association, Professor Yang Li, chairman of the National Finance and Development Laboratory, and Professor Yiping Huang, deputy dean of the National School of Development of Peking University, delivered speeches successively.

With the theme of "improving the income distribution system is a long way to go", combined with the data of China's national balance sheet, he analyzed the income distribution system such as labor compensation, primary distribution, redistribution, property income, social security and social welfare transfer expenditure and put forward a series of specific suggestions for improving the income distribution system, including increasing the proportion of wage income in the primary distribution, increasing the property income of the majority of residents, and increasing the role of national finance (taxation and expenditure) in the redistribution of national income. Function and role (secondary distribution); he also suggested strengthening technological empowerment, developing platform economy, supporting flexible employment, and improving people's well-being.

Professor Yiping Huang took "towards a new economic development model" as the theme, combined with the current situation of the "troika" of exports, investment, and consumption, and proposed that in the new stage of economic development, we are facing innovation-driven growth, from demographic dividends to aging, From the three major challenges of globalization to de-globalization, it is recommended to focus on new growth models such as innovation, productivity improvement, domestic market and green development, and less reliance on the real estate market to create a new situation.

North American Mingde Forum 2022 Annual Meeting Online Discussion

Subsequently, Yafeng Wu presided over a panel discussion - "The Road to China's Economic Recovery". Alumni Mo Ji, former Chief China Economist of Fidelity International, alumnus Liu Chenjie, Investment Director of Wangzheng Capital (Hong Kong), alumni Hong Qiao, Chief Economist of Bank of America Greater China, alumni Lei Xia, Chief Economist of Sealand Securities, Alumni Yu Zhang, Chief Macro Analyst of Huachuang Securities, and Zhengsheng Zhong, Chief Economist of Ping An Securities, delivered speeches respectively. Combining the macro data, industry data and regional data in recent years, the guests believed that "safety" and "high quality" have become the two core keywords under the situation that has not changed in a century, and balancing the relationship between prevention and control and growth is still the current focus of work, made cautiously optimistic expectations for the economic outlook in 2023. The guests predicted that China's economic growth in 2023 will be slightly better than that in 2022, but exports may be slightly lower than in 2022 due to the decline in overseas demand. Risks and opportunities coexist, and in the future there will be structural opportunities such as energy security, technological security, food security, political security, and social security. In the medium and long term, the new energy industry and the technology industry will become high-speed growth industries during the 14th Five-Year Plan period. In terms of the stock market, A-shares already have strong domestic appeal, but their external appeal still needs to be improved.

At the end of the group discussion, Yafeng Wu also announced the forecast results of China's GDP, CPI and RMB exchange rate for the next year by the six guests in the form of a dot matrix.

Offline conferences broaden the global outlook

On the afternoon of November 19th, US Eastern Time, the offline meeting of the annual conference was held at the Harvard Club in New York, hosted by Jiang Xinyi, vice president of the North American Alumni Association.

Alumni Deshun Li, chairman of the North American Alumni Association and president of Benimax Investment Group, delivered a speech first. He said that the last offline activity of the Mingde Forum was in 2019. Because of the epidemic, most of the activities have been transferred online in the past three years, but the scope and frequency have been expanded. He said that the alumni association always cares about the study, work and life of North American alumni. Since the outbreak, it has organized more than 20 webinars, including macroeconomics, public health, job hunting, and the "Wall Street Mulan" International Women's Day special event wait. Deshun Li said that despite the current global political and economic turmoil, some recent positive signals have made everyone look forward to the future.

Speeches by Deshun Li and Quan Liu

Alumnus Quan Liu, consultant of the North American Alumni Association and co-founder and chairman of Guolian, said in his speech: "In recent years, the international situation has undergone tremendous changes. The new crown epidemic has caused serious difficulties in people's livelihood and economic losses. Fiscal and monetary policies of economies have produced significant spillover effects, financial markets have been turbulent, and the business environment of enterprises has changed dramatically. International competition and confrontation have also profoundly affected each of us. These are issues that concern all of us, as an entrepreneur , We are also deeply anxious and very concerned.” He expected the insights of the guests to bring profound enlightenment to the audience, and provide useful insights for everyone to look forward to the future in an uncertain environment.

Panel Discussion on "World Economic Trends and Financial Market Outlook"

Alumni Jing Liu, vice chairman of the North American Alumni Association, presided over the panel discussion on "World Economic Trends and Financial Market Outlook". Chief Economist Hengyong Mo and Vice President of EquiTrust Life Insurance Alumnus Qi Tang attended. The guests believed that it would take some time for the US inflation to slow down, and the Fed would continue to raise interest rates before the inflation fell; and as the balance sheet situation of consumers and enterprises began to deteriorate, the guests expressed concern about the inevitable economic recession. Regarding the financial market, the guests believed that in the environment of rising interest rates, floating rate products are better than fixed rate products, and real estate is a good tool to fight against inflation; private debt and private placement have become more popular and become a new trend, and this asset class is more Suitable for qualified private and institutional investors; Emerging markets are also important as an asset class due to their strong alpha returns, but investors must have the expertise to discern good opportunities from bad ones.

Panel Discussion on "Restructuring the Global Geopolitical Landscape"

Professor Yawei Liu, Senior Advisor for China Affairs at the Carter Center, chaired a panel discussion on "Reconstruction of the Global Geopolitical Landscape", and Ruixin Ma, a researcher at the Center for Contemporary China Studies at the University of Pennsylvania, Zhe Sun, co-director of the China Program at the School of International and Public Policy at Columbia University, and US-China Public Affairs Shaojun Teng, president of the association, and other guests discussed hot issues such as the opportunities and challenges of Sino-US relations, the historical causes and future trends of the Taiwan issue, the key nodes of the situation in Russia and Ukraine, and the attitudes of China and the United States. The participants hoped that Washington and Beijing would shoulder the responsibilities of major countries, show the demeanor that major countries should have, put aside ideological and geopolitical troubles, prevent Sino-US relations from slipping into conflict, and make their own special efforts for global peace and prosperity. contribution. The recent Bali summit between the leaders of the two countries has brought dawn to an era of change, and the future is worth looking forward to.

Nearly 100 alumni from New York, Massachusetts, Connecticut, Virginia, Washington, Michigan, Illinois, Pennsylvania, Georgia and Toronto, Canada, and friends from all walks of life in New York participated in this forum.

Forum Preparatory Team

Consultant

Xiwen Fan, Deshun Li, Shanquan Li, Jing Liu, Quan Liu, Yuting Wang, Jingsheng Yue, Peibei Zhang, Lixin Zhao

President

Yafeng Wu

Members

Xuejiao Feng, Zhuo Feng, Beiqing Huang, Xinyi Jiang, Yun Lai, Jing Liu, Yang Li, Ping Lin, Cuili Lu, Kan Luo, Yiqun Nian, Qichang Pan, Ruijing Ren, Siyang Sun, Jian Ye, Yong Zhang, Hongjie Zhu

Host

联合主办

什么是“北美明德论坛”？

The way of the university is to be clear and bright, to be close to the people, and to stop at perfection.

Li Mingde regards it as a standard, and is open-minded to accept all rivers. The North American Mingde Forum established by the North American Alumni Association of Renmin University of China emphasizes both openness and internationality, and balances academic and practical aspects. It was launched in New York in October 2015 and named in November 2016. Debating, discussing, discussing and analyzing, in order to learn from things and gain knowledge; the three have teachers to learn from each other's strengths and make up for their weaknesses, with a view to self-cultivation and family harmony;

The 2022 Annual Meeting of the Middlebury Forum North America is the eighth consecutive annual meeting.