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Thursday, September 11, 2014

Prof Oliver Rui Gives Keynote on Northeast China Revitalization

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Prof Oliver Rui Gives Keynote on Northeast China Revitalization
Professor Oliver Rui

September 11, 2014. Daqing – The GDP of China’s Northeast has more than doubled in the period between 2003 and 2012 thanks to government efforts to revitalize former industrial regions of the country. In an effort to explore the best options for keeping the region’s economy growing, more than 200 local entrepreneurs and business leaders, many who are CEIBS alumni, came together today for the CEIBS Executive Forum “Observations on the Chinese Economy: How to Revitalize Northeast China”.

In his keynote speech, Director of the CEIBS-World Bank China Centre for Inclusive Finance Professor of Finance and Accounting Oliver Rui spoke about various ways to achieve continued economic development in the region. These include innovation, market stimulus, infrastructure improvements, deepening SOE reforms, strengthening sustainable agricultural development, and increased environmental protection measures. Professor Rui also made comparisons between Northeast China and Germany’s Ruhr region, which has seen a successful economic revitalization after a significant decline in prosperity.

Today’s event was one in a series of Executive Forums led by CEIBS renowned faculty in cities across China to provide a platform for knowledge sharing and networking for senior business executives. This forum was hosted by CEIBS and co-organized by the Daqing Federation of Industry & Commerce, Daqing Youth Federation, Daqing Association of Small and Medium Enterprises and the CEIBS Alumni Association Heilongjiang Chapter.