Singapore, 12 June 2011 --- China, currently in its 12th Five-Year Plan (2011-2015) period, faces both opportunities for growth and tough challenges. The Eminent Speakers Series returns this year with leading Chinese economist Mr Yao Jing Yuan, who will examine what will be required to achieve the objectives set out in the plan.
Mr Yao Jing Yuan, who is the former Chief Economist of the National Bureau of Statistics of China, will speak at the forum today at the SPH News Centre Auditorium on the topic of “China’s Economic Development: Opportunities and Challenges”.
The Eminent Speakers Series is jointly organised by Lianhe Zaobao and Business China, and supported by the Singapore Press Holdings (SPH) Foundation. Back for the fourth year, the series invites prominent personalities who are highly regarded authorities in their respective fields to share their unique perspectives and insights on a broad range of topics, including current affairs, politics, business, economics, media, culture and the arts.
Past eminent speakers include Professor Justin Lin Yifu (Chief Economist of The World Bank), Mr Qian Gang (Director of China Media Project, Journalism and Media Studies Centre at the University of Hong Kong), Mr Jin Wei-Tsun (Founder of Business Weekly), Mr Yau Lop Poon (Editor-in-Chief of Yazhou Zhoukan) and Mr Nan Fangshuo (Taiwan’s leading political commentator).
The forum will be followed by a Question-and-Answer session, chaired by Prof Tan Kong Yam, Professor of Economics of the Nanyang Technological University.
Synopsis of Talk
Mr Yao will address China's need to face both the opportunities for growth and tough challenges during its 12th Five-Year Plan (2011 - 2015). The former requires a good understanding of the characteristics of the various stages in China's growth, such as the process of industrialisation, urbanisation, marketisation and globalisation.
As for the latter, there is a need to dwell into the challenges related to the Chinese economy, such as the increasing constraints on growth arising from resource issues, the environment, innovations, an imbalance between investment and consumption, as well as China's structural issues.
China has been making efforts to refine its growth model and make strategic adjustments to its economic structure with a view to address the existing imbalance and ensure sustainable economic growth.
Profile of Mr Yao Jingyuan
Mr Yao Jingyuan is the former Chief Economist of the National Bureau of Statistics of China (NBS). Prior to his present work in the NBS, Mr Yao assumed the following positions:
Mr Yao has made in-depth studies in the fields of the restructuring of China’s circulation system, international economic and trade relations, rural and agriculture development, and macro-economic performance and development. He has published studies associated with macro-economic policies.
Mr Yao is also a part-time professor at the Peking University, Tsinghua University, Jilin University, Zhejiang University, and Chinese Academy of Governance.
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About Lianhe Zaobao
Lianhe Zaobao, the Chinese flagship newspaper published by Singapore Press Holdings, is the most comprehensive, contemporary Chinese daily that reflects current issues, commercial interests, lifestyles and trends of the local and global Chinese community. It is a trusted and respected source for news and opinion for both Singapore readers as well as the region’s Chinese literate community. With an extensive correspondent network in Beijing, Chongqing, Shanghai, Guangzhou, Hong Kong, Taipei, Seoul and Tokyo, Lianhe Zaobao is able to give readers timely and in-depth coverage of significant events taking place in the region and beyond.
About Singapore Press Holdings
Main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia's leading media organisation, engaging minds and enriching lives across multiple languages and platforms. It publishes 18 newspaper titles in four languages and over 100 magazine titles in Singapore and the region. Every day, 3 million individuals or 77 percent of people above 15 years old, read one of SPH’s news publications. SPH’s internet editions of its major newspapers enjoy over 263 million page views with 18 million unique visitors each month. Other new media initiatives include AsiaOne, omy, ST701, Stomp and The Straits Times RazorTV. SPH has also ventured into book publishing, broadcasting, outdoor advertising and properties.
About Business China
Business China was launched in November 2007 by our Patron, then Minister Mentor Lee Kuan Yew and Chinese Premier Wen Jiabao. We are a platform integrating language, economic and cultural elements. Our mission is to nurture an inclusive bilingual and bi-cultural group of Singaporeans through extensive use of the Chinese language as the medium of communication, so as to sustain our multi-cultural heritage, and to develop a cultural and economic bridge linking the world and China.
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