file
Date 14 September 2017 (Thursday)
Time 6:30 - 8:30pm
Venue Eminence Galaxy –
Alumni Function Room, 11/F, Lau Ming Wai Academic Building, CityU
Language Putonghua

Global economic observation and analysis - structural factors caused a continued global economic downturn
全球經濟形勢觀察與分析 - 結構性因素導致全球經濟持續低迷

Dr. ZHANG Yang 張洋博士

Vice President of Industry Development
NextEV Co., Ltd.
蔚來汽車產業發展副總裁

[ Biography ]

 

It has been 10 years since global financial crisis started in 2008. However, it is more obviously influencing the global economy than expected. One of the highlights is that global economy never goes out of low ebb and has been operating at a low level.

Compared to the situation 10 years ago, global economy is presenting seven highlights in terms of “lowness”. Firstly, lower growth: global economy is still on the way of recovery and fails to reach the original level before 2008; Secondly, lower domestic investment: investment level of developed countries obviously decreases; Thirdly, lower international trade volume: global trading growth rate is lower than the growth rate of yearly GDP; Fourthly, lower foreign direct investment (FDI): FDI scale accounts for nearly half of global GDP share; Fifthly, lower oil prices: the price of crude oil and commodities continues to decline; Sixthly, lower inflation level: inflation rate of most of countries is less than 2%; Seventhly, lower interests: quantitative loose monetary policy causes global overall interests level continuously to fall down.

Behind “Seven Lowness”, we could see some deep structural changes that are affecting the outlook of global economic growth. The changes of population structure and concentration of wealth are influencing global potential growth rate. During this speech, Dr. Zhang will illustrate these factors and its actions towards global economy, and tell the story of Nio’s way in such economic circumstances.

2008年爆發的全球金融危機,距今已過去近10年,但它對全球經濟的影響不僅沒有消散,反倒更加明顯。其中最突出的一點,是全球經濟始終沒有走出低谷,一直在低水平下運行。

與10年前相比,世界經濟活動呈現7“低”,一是低增長,全球經濟一直未能恢復到2008年危機爆發前的水平;二是低國內投資,發達國家的投資水平下降顯著;三是低貿易,全球貿易增速低於年度GDP增速;四是低對外直接投資,FDI規模佔全球GDP的比重減少近一半;五是低油價,原油等大宗商品價格持續走低;六是低通脹水平,大部分國家的通脹率不足2%;七是低利率,量化寬鬆貨幣政策使全球整體利率水平不斷下調。

在這“七低”背後,我們看到一些影響全球經濟發展前景的深層次結構性變化正在發生,人口結構變化,財富集中度變化等因素影響著全球經濟潛在增長水平。在本次演講中,張洋博士將為聽眾一一解析這些因素及其對全球經濟的作用原理,同時講述在這種經濟大環境之下蔚來汽車的生存之道。

 

Previous Seminars

  • Prof. Chan Chak-keung 陳澤強教授
    Chair Professor of Atmospheric Environment and Dean of the School of Energy and Environment, City University of Hong Kong
    Topic: Particulate Matter (PM) Air Pollution <大氣污染 - 顆粒物>
    Date: Thursday, 1 June 2017

  • Prof. XUE Quan 薛泉教授
    Associate Head and Chair Professor of Microwave Engineering, Department of Electronic Engineering, City University of Hong Kong
    Topic: The Coming 5G Mobile Communications Opportunities and Threats <呼之欲出的第五代移動通信-商機與危機>
    Date: Thursday, 20 April 2017

  • Dr. Sun Xiaoping 孫小平博士
    Doctorate of Theology
    University of Hamburg, Germany
    Topic: The reflection process on the war crimes of the Nazis after World War II in Germany <戰後德國對納粹戰爭罪行的反思>
    Date: Thursday, 6 April 2017

  • Prof. Jiang Yi-Huah 江宜樺教授
    Professor of College of Liberal Arts and Social Sciences, City University of Hong Kong
    Former Premier of the Republic of China (Taiwan)
    Topic: The Successes and Failures of Taiwanese Democracy and Its Meaning  <臺灣民主政治的成敗及其意義>
    Date: Thursday, 16 February 2017

  • Prof. Xun-Li Wang 王循理教授
    Chair Professor and Head, Department of Physics and Materials Science, City University of Hong Kong
    Topic: Social and Economic Impact of Neutron Scattering  <散裂中子對社會經濟的影響>
    Date: Thursday, 12 January 2017

  • Prof. Jonathan J. H. Zhu 祝建華教授
    Professor of Department of Media and Communication, City University of Hong Kong
    Topic: Network Thinking: 10 Ways to See How the World is Connected <網絡思維:萬物相連的10種方式>
    Date: Thursday, 3 November 2016

  • Prof. Longxi Zhang 張隆溪教授
    Chair Professor of Comparative Literature and Translation, City University of Hong Kong
    Topic: Aspects of World Literature <世界文學的方方面面>
    Date: Thursday, 22 September 2016

  • Prof. Michael M. Yang 楊夢甦教授
    Head of Department of Biomedical Sciences and Chair Professor of Chemistry and Biomedical Sciences, City University of Hong Kong
    Topic: Biotechnology for Better Health – From Human Genome to Precision Medicine <生物科技與健康 – 從人類基因組到精準醫療>
    Date: Thursday, 23 June 2016

  • Dr. David X. Cheng 程星博士
    Associate Vice President (Global Services), City University of Hong Kong
    Topic: The American University: From Ideas to Management <細讀美國大學 ̶ 從理念到管理>
    Date: Thursday, 21 April 2016

  • Ms. WU Clare 吳青女士
    Chief Executive Officer, Aon-COFCO Insurance Broker Co., Ltd.
    Topic: Gobi March <戈壁長征>
    Date: Thursday, 25 February 2016

  • Dr. POON Steven 潘國濓博士
    Chairman, Bright World Enterprise Limited
    (Formerly General Manager, China Light & Power Company Limited)
    Topic: Energy – Where Do We Go From Here <能源 — 從哪裡來,往哪裡去>
    Date: Thursday, 7 January 2016

  • Prof. YIN, Kaipu 印開蒲教授
    Researcher, Chengdu Institute of Biology
    Topic: Tracing One Hundred Years of Change, Illustrating the History - Tracing Wilson’s Journey
    <追尋百年曆史,見證環境變遷 - 重走威爾遜之路>
    Date: Thursday, 12 November 2015

  • Prof. LIU, Chain Tsuan 劉錦川教授
    Center for Advanced Structural Materials, MBE Department, CSE
    University Distinguished Professor (CSE)
    City University of Hong Kong
    Topic: Materials, Civilization, and Technology Innovation <材料ˎ文明與科技創新>
    Date: Thursday, 15 October 2015

  • Prof. Guanrong (Ron) CHEN 陳關榮教授
    Director, Centre for Chaos and Complex Networks
    Chair Professor of Department of Electronic Engineering
    City University of Hong Kong
    Topic: Complex Networks in Daily Life <日常生活中的複雜網絡>
    Date: Thursday, 2 July 2015

  • Mr Herman Hu Shao-ming 胡曉明BBS太平紳士
    Chairman, Council of the City University of Hong Kong
    Chairman, Ryoden Development Limited
    Topic: Sports. Industry. Society <體育.產業.社會>
    Date: Friday, 5 June 2015

  • Prof. Jenny Kwok Wah Lau 劉幗華教授
    Visiting Professor of School of Creative Media
    City University of Hong Kong
    Topic: Cinema and Culture: Human Dilemma As Expressed in International Cinema <電影與文化:世界電影中所顯現人的困境>
    Date: Thursday, 16 April 2015

  • Prof. CHAN, Johnny C. L. 陳仲良教授
    Dean of School of Energy and Environment
    Chair Professor of Atmospheric Science
    City University of Hong Kong
    Topic: Global Warming: Natural or Human-Induced? <全球暖化:天然或人為?>
    Date: Friday, 9 January 2015

  • Prof. ZANG Xiaowei, 臧小偉教授
    Dean, College of Liberal Arts and Social Sciences
    Chair Professor of Social Sciences
    Topic: Uyghurs and Xinjiang <維吾爾族與新疆 - 兼談金庸筆下與西域有關的幾個人物>
    Date: Thursday, 18 December 2014

  • Prof. YAN Hong, 嚴洪教授
    Acting Dean, College of Science and Engineering
    Chair Professor of Computer Engineering

    Topic: The Quest for Creative Research <尋求創造性的研究 >
    Date: Thursday, 30 October 2014
     
  • Prof. CHENG Pei-kai, 鄭培凱教授
    Visiting Professor of the Department of Chinese and History
    Topic: Lu Yu and Tea <陸羽與茶道:人文品味與道德修養>
    Date: Friday, 10 October 2014