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China is the world’s biggest exporter, the largest producer and consumer of cars and is on track to becoming the world’s largest economy.
What does this re-emergence of China as an economic superpower mean for the rest of the world? What will stand in the way of China achieving its national and international goals? And how are labour markets and enterprises evolving within Asia’s economic giant?
These are just some of the important questions that will come under the spotlight at the third Globalisation and Economic Policy conference, to be held at The University of Nottingham Ningbo, China next week.
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Some of the world’s leading economic opinion-makers and international business players will present their views and debate a range of key issues around the broad theme of enterprise and labour market adjustment in China’s transition.
The University’s own experts in economics and international business will kick off proceedings.
They include The University of Nottingham’s Vice-Chancellor Professor David Greenaway, who is Professor of Economics and who has served as a consultant to organisations like the World Bank, United Nations and European Commission.
Professor Greenaway is a world authority on macro-economics. He is appreciated by his students for his lively, accessible lecturing style and is still actively involved in teaching at the University’s three international campuses (the others are in Malaysia and the UK).
Professor Greenaway’s latest book on China and the World Economy – edited together with the University’s Professor of International Economics, Chris Milner, and School of Contemporary Chinese Studies head Professor Shujie Yao – has just been published.
Professor Yao will present his latest analysis on China’s housing market at the Conference.
Other speakers who will share their insights at the conference include Martin Wolf, chief economics commentator at the Financial Times and recipient of the CBE (Commander of the British Empire) in 2000 for ‘services to financial journalism’. In his public lecture, Mr Wolf will examine the challenges to sustaining China’s growth.
Among the line up of internationally-respected speakers delivering papers are:
• Professor Albert Park, of the University of Oxford, who will look at labour regulation and enterprise employment in China;
• Professor Innwon Park of Korea University, who will examine modes of foreign direct investment and patterns of trade, with particular attention to why multinational enterprises go to China;
• Professor Xianguo Yao, of Zhejiang University, who will explore wage determination differences between state-owned and other enterprises;
• Professor Fredrik Sjöholm, of Stockholm’s Research Institute of Industrial Economics, who speaks on foreign firms, competition and research and development in China; and
• Professor Eden Yu, of City University of Hong Kong, who will focus on exports and labour demand in Chinese manufacturing industries.
Dr Chang Liu, of The University of Nottingham Ningbo, China’s Leverhulme Centre for Research on Globalisation and Economic Policy, said: “China has changed in ways that no-one could have imagined three decades ago when Deng Xiaoping first opened it up to the world.
“Significant changes again are to be expected in the next decade as China aims to continue on its path of almost two-digit annual growth.
“This conference brings together influential scholars and leaders from business and government who will analyse remaining problems, challenges and trends for China as well as the country’s likely impact on the rest of the world,” he said.
The University of Nottingham Ningbo, China was the first foreign higher education institution in the world to establish a campus inside the People’s Republic, introducing degree programmes taught entirely in English in 2004. All degrees are delivered to the same specification as Nottingham UK degrees.
The University, in the province of Zhejiang about three hours by car from Shanghai, has grown its student population to about 4,500.
Economics, finance, investment and business-related subjects are very popular, with the Nottingham University Business School China increasingly attracting international students who want first-hand experience of the world’s most vibrant economy.
The University of Nottingham Ningbo, China’s social sciences offering is expanding to accommodate growing demand for these subjects.
The University has opened a specialist Division of Economics, with Professor Greenaway delivering the first lecture to its first intake of 60 undergraduate students earlier this semester.
Professor Nick Miles, Provost and CEO of The University of Nottingham Ningbo, China said: “Our University is ideally placed to host a high-level international economics conference. Our academics endeavour to produce world-changing research by turning their talents and abilities to the problems and challenges affecting societies and people on a wide scale.”
“Success entails developing ideas, creating discoveries and generating value and benefits by exchanging knowledge which generates real economic, social, environmental and cultural impact.”
In a move that signals its growing status as a leading research institution in China, The University of Nottingham Ningbo, China has been awarded the prestigious status of ‘International Co-operation Base’ by the Chinese Government.
The award, given by the Chinese Ministry of Science and Technology earlier this month, is a national designation only made to universities and companies who have had significant success in terms of international research collaborations.
For more details about the third Globalisation and Economic Policy Conference in China, from 9–10 November, please visit: http://www.nottingham.edu.cn/en/Events/GEP.aspx
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The University of Nottingham, described by The Times as “the nearest Britain has to a truly global university”, has award-winning campuses in the United Kingdom, China and Malaysia. It is ranked in the UK's Top Ten and the World's Top 75 universities by the Shanghai Jiao Tong (SJTU) and the QS World University Rankings.
The University is committed to providing a truly international education for its 39,000 students, producing world-leading research and benefiting the communities around its campuses in the UK and Asia.
More than 90 per cent of research at The University of Nottingham is of international quality, according to the most recent Research Assessment Exercise, with almost 60 per cent of all research defined as ‘world-leading’ or ‘internationally excellent’. Research Fortnight analysis of RAE 2008 ranked the University 7th in the UK by research power.
The University’s vision is to be recognised around the world for its signature contributions, especially in global food security, energy & sustainability, and health.
More news from the University at: www.nottingham.ac.uk/news
Facts and figures at: www.nottingham.ac.uk/about/facts/factsandfigures.aspx