Workshop
Workshop on Catalyzing Domestic Demand
January 21, 2010, 8:00 – 16:45
On January 21, 2010 International Monetary Fund sponsored a Workshop on Catalyzing Domestic Demand at the Ritz Carlton Beijing, Financial Street.
The objective of the workshop was to have frank discussions on what are the policies needed to achieve the government’s goal of boosting household consumption in China.
The main areas of focus were the international experience on catalyzing consumption and the role of social policies, tax and transfer policies, and financial policies. The workshop was attended by government officials, academicians, researchers, and IMF staff.
Disclaimer
The website contains papers and web links to papers that were presented at the Workshop on Catalyzing Domestic Demand. The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers.
PROGRAM
| Workshop on Catalyzing Domestic Demand | |
|---|---|
| January 21, 2010, 8:00 – 16:45 The Ritz-Carlton Beijing, Financial Street |
|
| 8:00–8:30 | Registration
Discussion |
| 8:30–9:00 | Opening Remarks
Anoop SINGH (Director, Asia and Pacific Department, IMF) ZHU Min (Deputy Governor, PBC) |
| 9:00–10:15 |
Session 1: An International Perspective on Consumption The international experience in the relative importance of consumption, investment, and net exports along the development path, and the relevance of this international experience to China. Panelists: BAI Chong-En, Professor, Tsinghua University (English/Chinese) |
| 10:15–10:30 | Tea Break |
| 110:30 – 12:00 | Session 2: Social Policies and Precautionary Savings The potential impact on consumption that reforms in social services could have, such as reforms of the pension, health, and education systems. The experience in other countries with regard to how such reforms influenced the propensity of different age groups to save and spend and the implications for China. Chairperson: TANG Min (Deputy Secretary General, CDRF) Panelists: GONG Sen (Deputy Director General, Research Dept., DRC) Arthur KROEBER, Managing Director, Dragonomics (English/Chinese) Steve BARNETT, ep. Division Chief, Asia and Pacific Dept., IMF (English/Chinese) Benedict CLEMENTS, Division Chief, Fiscal Affairs Dept., IMF (English/Chinese) Discussion |
| 12:00–13:30 | Lunch |
| 12:15–13:45 | Venue: 2nd Floor, The Ritz-Carlton Beijing, Financial Street |
| 13:30–14:45 | Session 3: Tax and Transfer Policies to Boost Consumption The international evidence for and against various policies to raise household income and to increase incentives to consume, and their relevance for China. Selected policies introduced during this financial crisis and their impact. Chairperson: CHEN Shixin (Deputy Director General, International Dept., MOF) Panelists: ZHENG Binwen, Director, Institute of Latin American Studies, CASS (English/Chinese) JIA Kang, Director General, Institute of Fiscal Science, MOF(English/Chinese) Louis KUIJS, Senior Economist, WB (English/Chinese) Discussion |
| 14:45–15:00 | Tea break |
| 15:00–16:30 | Session 4: Financial Policies and Consumption How different levels of financial development and, in particular, household access to financing effects household consumption and saving decisions. Recent case studies of countries that have introduced reforms that raise access to finance and the implications for both lending behavior and household decisions. Chairperson: Vivek ARORA (Senior Resident Representative, IMF) Panelists: TANG Min, Deputy Secretary General, CDRF (English/Chinese) LI Daokui, Professor, Tsinghua University (English/Chinese) Nigel CHALK, Assistant Director, Asia and Pacific Department, IMF (English/Chinese) Papa N'DIAYE, Senior Econimist, Asia and Pacific Dept., IMF (English/Chinese) Discussion |
| 16:30–16:45 | Concluding remarks
Nigel CHALK (Assistant Director, Asia and Pacific Department, IMF) |
For additional questions on this workshop, please contact Tarhan Feyzioglu, Resident Representative, in Beijing, China at TFeyzioglu@imf.org.
