The Better Hong Kong Foundation was honored to have eminent Mainland economist Professor Liu Shucheng speak at a luncheon hosted by the Foundation. Professor Liu is currently a member of the Chinese Academy of Social Sciences, and Director of the Institute of Economics. He is also Editor-in-Chief of the monthly Economic Research Journal and a member of the Experts Committee for the State’s eleventh Five-year Plan. He is an expert on macro economics and China’s cyclical economy.
In his speech, Professor Liu showed the main characteristics of China’s economic growth in recent years. In the new business cycle that started in the year 2000, China’s growth has been smooth and relatively fast, with the grow rate remaining at a modest range of about 8%-10% for seven years successively, and at a higher level of 10% or more for four years successively from 2003 to 2006. This new wave of China’s economic growth is unprecedented in China’s economic development history since its foundation. Based on Part One, Professor Liu analysed the future trends of China’s economy in theyear 2007 and in the coming 3-5 years, focusing on four heated issues: (1) macro regulation and its effect; (2) land, food supplies and the price level; (3) real estate development; (4) international payments imbalances.
The luncheon was well-received, with 70 guests and nearly 50 journalists from all the local media attended Professor Liu’s insightful speech. This luncheon was co-hosted with the Asia Society Hong Kong Centre.
