European Union Chamber of Commerce in China

Banking & Securities and Consumer Finance Working Groups (Shanghai)

Working Group Meeting - OECD’s macroeconomic outlook on consumption for China

Date: Monday, 13^th January 2014, 8:30-10:00 AM

Location:

European Chamber offices Beijing (C411A, Beijing Lufthansa Center, 50 Liangmaqiao Road, Chaoyang District)

European Chamber offices Shanghai (Unit 2204, Shui On Plaza, 333 Huai Hai Zhong Lu, near Madang Lu)

Dear Consumer Finance Working Group member,

We are pleased to invite you to join the next meeting of the Consumer Finance & Non-Banking Financial Institutions Working Group which will take place on Monday, 13^th January, starting at 8:30AM.

At this meeting we will have the honour and pleasure to welcome Mr. Vincent Perrin, Senior Policy Adviser for China at the Organisation for Economic Co-operation and Development (OECD). He will focus his presentation on OECD’s macroeconomic outlook on consumption for China and how to engage China to adopt OECD tools.

According to OECD, China’s annual economic growth is likely to accelerate to 8.2 percent in 2014 from an expected 7.7 percent this year, driven by stronger domestic demand. Nevertheless, China still needs to quicken structural reforms, in particular financial liberalization, encouraging labour mobility and tax reform in favour of stronger domestic consumption, as economic expansion still relies heavily on investment. During this Working Group meeting members will be able to engage in a discussion with Mr. Perrin on the role of consumption in China’s economic rebalancing.

Dear Banking & Securities Working Group member,

The Consumer Finance Working Group would like to extend the invitation to the Banking & Securities Working Group for the meeting with the OECD that will take place on Monday, 13^th January at 8:30am.

Draft agenda:

1.         OECD’s Macroeconomic Outlook on Consumption for China by Mr. Vincent Perrin, Senior Policy Adviser for China, OECD

2.         Any other business

If you would like to join, please register with Mr. Napoleon Ji at nji@europeanchamber.com.cn by noon Friday, 10^th January, 2014. Please also feel free to suggest additional discussion points.

For more information on the Working Group, or the European Chamber in general, please contact Xavier Sans Powell in Beijing, xsanspowell@europeanchamber.com.cn or Felix Hamilton in Shanghai, fhamilton@europeanchamber.com.cn

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