Institute of World Economics And Politics Chinese Academy of Social Sciences

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China & World Economy

World Economics and Politics

Chinese Version

The Institute of World Economics and Politics (IWEP) was established in 1981 under the auspices of the Chinese Academy of Social Sciences (CASS), as the result of the merger of the Institute of World Economy (1964-1980) with the Institute of World Politics. Prominent scholars have headed IWEP: Jiang Junchen, Qian Junrui, Pu Shan, Li Cong and Gu Yuanyang. The current director is Yu Yongding, who took office in 1998 for a five-year term.
IWEP is a leading research center in China in the fields of World Economics and International Politics, and a think tank for the government. In the Institute, there are seven research departments, a number of research centers, one data center, and a full range of administrative bodies, with total personnel of nearly 120.

Seminars:

East Asian Monetary Cooperation and China's Perspective
Aug. 24, 2006, Beijing Venue: IWEP CASS
Organizers: Forum on East Asian Monetary Cooperation
Institute of World Economics and Politics CASS
Agenda
Conference Papers:
Monetary Cooperation in East Asia: How Far Can East Asian Countries Go? Haihong Gao
Is ACU Attractive to East Asian Economies? ——The Case of China Bin Zhang, Fan He
Chinese Perspective of East Asian Exchange Rate Coordination Yibing Ding
European and Asian Perspectives on Global Imbalances
(A Conference Organized by the Asia-Europe Economic Forum)
July 13-14, 2006 Beijing
Conference Agenda
Conference Presentation / paper:
Rebalancing Growth in China: A Three-Handed Approach Olivier Blanchard, Francesco Giavazzi [Paper] Brief introduction of the Project on China and Global Economy
Global Imbalances and Emerging Markets Barry Eichengreen, Yung Chul Park [Paper]
Currency Asymmetry, Global Imbalance, and Rethinking again of International Currency System FAN Gang [P aper]
Comments on Global Imbalances and Emerging Markets by Barry Eichengreen and Yung Chul Park   David Vines [Presentation / P aper]
European Perspectives on Global Imbalances   Alan Ahearne , Jürgen von Hagen [Presentation / P aper]
Adjustment of Global Imbalances and Its Impact on China’s Economy Jianhuai Shi [P aper]
Comments on "Global Imbalances: China's Perspective" by Dr. Yu Yongding Mitsuhiro Fukao [Presentation]
Global Imbalances: China’s Perspective   Yu Yongding [Presentation / P aper]
Dual surplus in China: Imbalance vs. co-dependency? Feng Lu [Presentation ]
Global Imbalances: Japan’s Experiences Naoyuki Yoshino [Presentation ]
European Parliament ---- Committee on Economic and Monetary Affairs Pervenche BERÈS, THE CHAIR [P aper]

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PAPERS:

Understanding High Saving Rate in China (Xinhua He, Yongfu Cao)
[Abstract] This paper presents a detailed analysis of the Chinese saving rate based on the flow of funds data. It finds that the most widely adopted view of precautionary saving, which is regarded as the top reason for maintaining a high saving rate in China, is misleading because this conclusion is drawn from the household survey data. In fact, the household saving rate has declined dramatically since the mid-1990s, as is observed from the flow of funds framework. The high national saving rate is attributed to the increasing shares of both government and corporation disposable incomes. Insufficient consumption demand is caused by the persistent decrease in percentage share of household to national disposable income. Government directed income redistribution urgently needs to be improved to accelerate consumption, which in turn would make the Chinese economy less investment-led and help to reduce the current account surplus.
[Key words] flow of funds, income distribution, saving rate
China’s State Security in a Time of Peaceful Development: A New Issue on Research Agenda (Yizhou Wang)
[Abstract] This paper holds that China’s national security during its peaceful rise is a new issue on the research agenda, which requires new counter-measures and collective wisdom. The paper discusses five of China’s objectives in addressing national security; namely, from highest to lowest priority, friction among big powers, the Taiwan issue, disputes over sovereignty, protection of interests overseas, and undertaking international responsibilities. Systematically achieving these objectives is of major importance for building up national defence and China’s international image. China’s state security in the current period of peaceful development is a new issue on the research agendum, for politicians, the military, scholars and researchers alike. Extensive and in-depth discussion is needed. Global security commitments made by a big power might conflict with its own security interests and objectives. Judging by any standard, China’s tasks are heavy and the road ahead is long. Key words: big power frictions and mission, global security, national security, Taiwan issue.
Is Asian Currency Unit Attractive to East Asian Economies? (Bin Zhang, Fan He)
[Abstract] Pegging the RMB exchange rate to the Asian currency unit (ACU) has not, at least in the short term, been proved a better solution than pegging to the US dollar or pegging to a G-3 (US$, Japanese yen and euro) currency basket. Although the Asian currency unit can help Asian economies to keep the relative price of regional currencies stable, the cost of joining a formal regional monetary cooperation is the relinquishment of the autonomy of their domestic policies. Asian monetary cooperation needs to provide more potential benefits if it is to attract Asian economies. We argue that Asian monetary cooperation should be designed to solve the problem of regional trade imbalance, and regional exchange rate policy coordination should be adopted as the first step towards exchange rate cooperation.
[Key words] Asian currency unit, East Asia exchange rate policy coordination, RMB
Statistical Data:
Changes in China’s Main Economic Indicators (by Dec. 2006)
Imports and Exports by Major Trading Partners (October 2006)
Composition of Imports and Exports by Category of Commodities (October 2006)
Imports and Exports by Customs Regime (October 2006)

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Monographers:


	*REPORTS ON GLOBAL POLITICS AND SECURITY (2007)*		*Analysis and Forecast of the World Economy in 2006-2007*

	*Reports on Global Politics and Security (2006)*		*Analysis and Forecast of World Economic Situation (2005-2006)*