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(1) Efforts to create a new,healthy, sustainable and globalised future

Zeng Peiyan

The relationship between globalization and each of us is closer than ever, The systematic improvement and structural adjustment in the process of globalization is a constantly adjusting process and the trend of globalization after overcoming the twists and turns will continue to develop. Globalization should follow the spirit of openness, cooperation and win-win, so that all countries and groups can participate in, and benefit from it. Healthy and sustainable globalization should be inclusive, fair, harmonious and innovative; the international community should build consensus, work together and form a cohesive force; the existing global economic governance mechanism should play a leading, supervisory and correction role, China plays an active role in promoting the process of globalization; the world will usher in a healthy and sustainable globalised future; countries and regions will share the common interests of globalization.

(2)The RMB’s entry into SDR and its impact

Wang Junhui

Joining the IMF special drawing rights (SDR) currency basket is an important milestone in the process of internationalization of the RMB and will significantly enhance the credibility and international influence of the RMB. Due to the lack of the payment and settlement functions of SDR itself, in the short term it is difficult to increase the frequency and amount of use of SDR in the international trade and financial system. But in the long term, SDR entry into the basket could help stabilize the international capital flow, promote domestic financial market opening, expand the use of RMB in cross-border trade and investment in the capital market, which is expected to get nearly six trillion yuan of overseas new configuration.

(3)The trend of economic globalization is irreversible

Huo Jianguo

With the change of economic structure and the expansion of economic scale, the internal demand of the development of economic globalization has not changed and the trend is irreversible. The economic globalization has long accompanying with the anti-globalization whose focus of conflicts reflected whether it is to adhere to the opening development pattern or adopt development mode of protectionism, and the transformation is decided by the level of economic development. The elephant curve has been shown to be a biased conclusions, and in the course of globalization it does not exist the problem of who is the loser, but whether a country can correctly deal with the balanced development of economy in the open environment, and how to balance the distribution of interests in economic development. It is necessary to adhere to the direction of globalization, but also need to coordinate and solve the contradictions arising from globalization. Under the current international situation, China should actively participate in global economic governance, and vigorously promote the negotiation of global investment rules.

(4)The strategic thinking of promoting China’s foreign direct investment in the new period

Wang Xiaohong

At present, the global FDI transfers from high growth to low growth, from the growth to the structure adjustment, from stable growth to volatile growth, from the domination by the developed countries to the pulling by emerging economies and developing countries. These new trends will profoundly affect adjustments and changes in the future of the global economy, trade, industry and regional patterns. In the “13th Five-Year” period, China’s foreign direct investment faces even more complicated international and domestic environment. China’s foreign direct investment has formed the productive service industry taking the lead, acceleration trend of manufacturing industry investment and global radiation of regional distribution, multinational enterprises gradually formed the pattern of double-driving of state-owned and private enterprises, and cross-border mergers and acquisitions become important way for enterprises to obtain global high-end resources. At the same time, there are still problems in the enterprise level, service system level, and policy level. We should optimize the foreign direct investment industrial distribution and regional distribution, implement internationalized strategy, improve the foreign investment promotion service system, strengthen risk prevention, in order to further promote the development of China’s foreign direct investment.

(5)New expectations in the new changes of world economy

Gu Yuanyang

New changes have occurred in the world economy in 2016 which is different from those in the past three years, the interest rate policy in developed countries showed greater differences, the international crude oil market close to the initial stage of the balance of supply and demand, emerging market countries observe the early signs of economic recovery, economic globalization and regional economic integration is on-going “against the wind”, and has not passed yet. The global economy continues to recover, the ability to tackle the risk of the economy strengthens, and the growth momentum begins to appear. Whether Trump’s economic policy is conducive to the world economy or not is an issue for people to wait and see.

(6)The basic analysis of the establishment and development of software trade power

Du Zhenhua and He Peishan

It is the goal of the software industry to upgrade from the software trade big country to the software trade strong power. From the significance of establish software trade power, this paper proposes three main signs of a software trade strong power: the large proportion of the software trade in international trade, the control of intellectual property and international bargaining power of export software, intellectual property rights of export software, strong international competitiveness of export enterprises, the international high visibility of software or software service brand. And through the international comparison and analysis of comparative advantage index and trade competitiveness index this paper shows that Chinese adaptability of international market development ability is weak, but competitiveness gradually improve; the output of software products grows, but lacks high-end software; the adaptability to the international market is weak, and stays in the low-end of international software industry value chain, but the foundation is gradually enhanced. Finally, the paper puts forward some policy suggestions to complete the transformation and upgrading of software export through import substitution.

(7)Sino-Russia energy cooperation under the vision of the “Silk Road Economic Belt”

Liu Zhongwei and Tang Huiyuan

President Xi Jinping first proposed the construction of the “Silk Road Economic Zone” in September 2013. In this new vision, every country will use the full range of regional cooperation to achieve common development and prosperity. As the two neighboring countries, China and Russia have a very important political and economic position in the relations between great powers, where energy cooperation is the most important area with the widest coverage in the Sino-Russian relations. On the basis of the specific economic problems in Sino Russia energy cooperation, the new perspective of the “Silk Road Economic Belt” , this paper presents the outlook for the prospects of Sino Russian energy cooperation under the new vision, analyzes the importance of Sino Russian energy cooperation to jointly build a “Silk Road Economic Belt”, and puts forward specific policies on the deepening of Sino Russian energy cooperation under new vision.

(8) Trade policy uncertainty and export: a micro analysis based on China ASEAN Free Trade Area

Cai Jie, Huang Xi and Bai Jiangtao

This paper studies the impact of the uncertainty of trade policy on decision-making and export trade flows of manufacturers from the microscopic view of product, and by constructing a theoretical model of the heterogeneous enterprise to predict how trade policy uncertainty will affect the export and using data of products exported to the ASEAN 2001-2013 to examine the uncertainty of trade policy on trade flow. The empirical results show that: China - the establishment of the ASEAN Free Trade Area significantly reduced the trade policy uncertainty Chinese exporters are facing, increased Chinese exports to ASEAN; the impact of trade policy uncertainty is similar to that of trade tariff, but the influence is less than the latter. On the basis of trade liberalization, the promotion of trade policy uncertainty on trade will be more obvious; the influence of trade policy is time-lagging while the influence of trade policy uncertainty on exports will increase over time.

(9) On the guiding role of Chinese planned market economic theory for the development of global economy

Jiang Yimao

The development of global economic theory and practice has entered the era of planned market economy. Planned market economic theory is a theory that is based on the theory of free market economy and planned economy theory as the source, the ICT and Internet technology as the foundation, by way of servicing production as the support, with the economic globalized market as the background, the economic practice in developed countries such as China economic and social development and in developed countries such as the United States as the basis, based on the trend and new rules of the economic and social. Planned market economic theory is not only the essential summary of Chinese economic and social development, but also trying to play a guiding role in the global economic and social development, being closely connected between theory and practice, and a strongly operational systematic theory. The main problem of China’s economic development is the planning not in place and the market economy not in place. Measures should be taken to promote the development of the theory and practice of China’s planned market economy.

Editor：Huang Yongfu