|Date||14 September 2017 (Thursday)|
|Time||6:30 - 8:30pm|
|Venue||Multi-function Room, 19/F, Lau Ming Wai Academic Building, City University of Hong Kong|
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
President of Industry Development
NextEV Co., Ltd.
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.