On 28^th Aug. 2011, the lecture of “American & European debt crisis and the economic development of China” was held in Baijinwan Square. Director of The national economy research institute, Dr. Fan Gang was the guest speaker of this lecture. Assoc. Dean of COB, Prof. Luo Yuding made a welcome speech in the lecture. EMBA students of COB and other financial elites attended the lecture and discussed with Dr. Fan Gang.

 

The lecture was divided into two main parts: the analysis of American and European debt crisis and the impact of debt on China's economic and monetary policy. Dr. Fan Gang said, the current monetary policy was difficult to recover American’s economics. If fiscal policy is feasible, government should develop infrastructure projects and reduce tax. This was the core of the Keynesian policy. Moreover, Dr. Fan Gang indicated that there were two main impacts of American and European debt crisis to China’s economics. One was that the weak dollars could result in increasing price of commodity, and then the import prices increased. The other one was that this might lead to China’s monetary policy in a dilemma.

 

After the lecture, the guest speaker, Dr. Fan Gang interacted with the audience and answered their questions.