Source: RDCY       Published:2020-10-23

Since the outbreak of the COVID-19 in 2020, the US government has initiated an unlimited quantitative easing policy. This led to the rapid rise of the Fed’s balance sheet size from nearly 4 trillion to 7 trillion U.S. dollars, and the scale of U.S. national public debt also rose from 23.2 trillion at the end of 2019 to 26.8 trillion U.S. dollars in October 2020. At the beginning of 2021, the US debt level is expected to be close to 30 trillion U.S. dollars. Three researchers from the Chongyang Institute for Financial Studies, Renmin University of China (RDCY), Wang Wen, Jia Jinjing, and Cui Yizhe, published an article called the "U.S. ‘Financial Zombification’ and Its Evolutionary Trends" in the well-known academic journal Contemporary International Relations in September 2020, and proposed that the United States will under a heavy debt burden. To this end, RDCY also specially launched the "US Dollar Dynamics Series Research Report" and held related seminars. The agenda is now arranged as follows:

Organizer: Chongyang Institute for Financial Studies, Renmin University of China (RDCY)

Contemporary International Relations Journal

Time: 19:00-21:00, October 24, 2020

Location: 6th floor, Wenhua Building, Haidian District, Beijing, China

Form: online and offline combined

Chair: Wang Wen, Executive Dean of RDCY

Agenda:

19:00-19:10  Opening address

Liu Yuanchun, Vice President of Renmin University of China

Fu Mengzi, Vice-President of China Institute of Modern International Relations

19:10-19:50  Keynote speech

Jin Zhongxia, China's Executive Director at the IMF

Grzegorz Witold Kołodkoz, former Vice-Premier and Minister of Finance of Poland

19:50-20:00  Report release

Introduction: He Guiquan, Chief editor of Contemporary International Relations Journal

Theme: "U.S. ‘Financial Zombification’ and Its Evolution Trend"

Publisher: Jia Jinjing, Assistant Dean of RDCY, Cui Yizhe, Assistant Researcher of RDCY

20:00-21:00  Discussion: U.S. Dollar Dynamics and Great Changes of the World

Moderator: Liu Ying, Director of Cooperative Research Department, RDCY

Panelists:

Wei Benhua, Former Deputy Director of China Administration of Foreign Exchange

Liao Qun, Chief Economist of CITIC International

Bian Weihong, Director and researcher, Bank of China Research Institute

Liu Zhiqin, Senior Fellow of RDCY

Tu Yonghong, Deputy Director, International Monetary Institute, Renmin University of China

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