Professor
Wan Guanghua, director of Fudan Institute of World Economics, delivered a
speech on the economic prospect of China, inequality and the anti-globalization
wave. Three main ideas were advanced in his speech. First, China has the
potential to further revitalize its previous economic momentum by promoting its
domestic demand, in spite of the fact that the increasing rate is subject to
open discussion. The second, China should devote itself to reverse the wave of
anti-globalization which is closely connected with the global income
distribution. Therefore, The Belt and Road Initiative should also examine the
income distribution in related countries and contribute to address this issue.
Third, the domestic demand of China is largely dependent on the wealth
inequality. Without addressing fully such a decisive problem, China’s domestic
demand would not have a substantial increase. Therefore, priorities should be
given to the urbanization including that of the megacities such as Shanghai.
Wan Guanghua: Some Reflections on the Economic Prospect of China, Inequality and the Anti-Globalization Wave
22 Mar., 2018 | Hits：3610
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