Li Xiao │ The Monetary and Financial Background and Implications of International Trade Frictions
On the afternoon of December 8, 2018, the academic seminar on “International Trade Relations and the Reconstruction of Global Economic Governance” —— Sub - session 1: “International Trade Frictions and the Global Financial System” was successfully held at Tsinghua University. Experts and scholars from all walks of life participated in the meeting. This conference was co - hosted by the Center for International Finance and Economics Research (CIFER) and the Center for Monetary Policy and Financial Stability of the National Institute of Financial Research at Tsinghua University.Professor Li Xiao, the dean of the School of Economics and the School of Finance at Jilin University, delivered a speech titled “The Monetary and Financial Background and Enlightenment of International Trade Frictions” at this conference.
Professor Li Xiao obtained his Doctor of Economics degree in 1995. He is currently the dean of the School of Economics and the School of Finance at Jilin University, a specially - appointed professor of the “Changjiang Scholars Program” of the Ministry of Education, the director of the “Belt and Road Research Center” at Jilin University, the director of the Sino - Japanese Economic Joint Research Center (base), the first - batch “Changbaishan Scholars” in Jilin Province, the first - batch “Leading Disciplinary Professors”, and the “Kuang Yaming Specially - Appointed Professor” at Jilin University. He also serves as the vice - president of the China World Economics Association, a member of the Chinese side of the Financial Working Group of the Northeast Asia Economic Research Network (NEAT), an executive member of the Sino - Korean Joint Expert Research Committee (directly under the heads of state of the two countries) and the deputy head of the economic group, a member of the Chinese side of the Trilateral Think - tank Network, an expert on the subject review panel of the National Social Science Foundation, a member of the Teaching Guidance Committee for Economics and Trade Majors in Colleges and Universities under the Ministry of Education, etc. His main research fields cover world economics, international finance, and Asian economic development.
Professor Li Xiao believes that the background of the US trade protectionism is the unequal income distribution and class differentiation in the United States. Regarding the Sino - US trade frictions, China must limit the frictions to the trade field and not let them expand to the monetary and financial fields. In the process of RMB internationalization, China should focus on East Asia. At the same time, how to make China's financial system and market form a more open system and use foreign savings and reserves to support China's rise is a question worthy of consideration for China in the future.