Market Reforms in
the New Millennium

A Cato Institute Conference Cosponsored with Fudan University
Shanghai, June 15-18, 1997

Schedule of Speakers

Sunday, June 15 3:00 - 5:30 p.m. Registration: The Shanghai Hilton 6:00 - 7:30 p.m. Opening Reception, U.S. Commercial Center Monday, June 16 8:45 a.m. Welcoming Remarks: Xie Xide, Director, Center for American Studies, Fudan University; Edward H. Crane, President, Cato Institute 9:00 - 9:30 a.m. Opening Address: "China's Social Security System" Wu Jie, Vice Minister, State Commission for Restructuring the Economic System

9:30 - 10:45 a.m. Session 1: China's Place in the Global Trading Order

Chair: William J. McGurn, Senior Editor, The Far Eastern Economic Review "China as an Emerging Economic Superpower," Charles Wolf Jr., Dean, RAND Graduate School of Policy Studies "The WTO and China's Objectives as a World Trading Power," Wen Hai, China Center for Economic Research, Peking University Comment by William A. Niskanen, Chairman, Cato Institute "Trade, Security, and the Crucial U.S. China Relationship," Ted Galen Carpenter, Cato Institute Comment by Zhou Dun Ren, Fudan University

11:00 a.m. - 12:30 p.m. Session 2: The Future of China's Market Economy

Chair: Zhou Mingwei, Executive Vice Director, Shanghai Municipal Office for Foreign Affairs "The Development of Nonstate Sectors and Reform of State Enterprises in China," Fan Gang, Director, China Reform Foundation Comment by Barry Naughton, University of California at San Diego "The State of China's Economic Reforms,"Justin Yifu Lin, China Center for Economic Research, Peking University Comment by James A. Dorn, Cato Institute "Free Trade and the Future of China's Market Economy: Insights from Hong Kong," Yeung Wai Hong, Editor, Next magazine Comment by Ian Vásquez, Cato Institute 12:30 - 2:00 p.m. Luncheon and Luncheon Address: Xu Kuangdi, Mayor of Shanghai (Invited)

2:00 p.m. - 3:30 p.m. Session 3: Hong Kong's Future

Chair: Y. C. Richard Wong, Director, Hong Kong Centre for Economic Research "Hong Kong and Financial Liberalization in China: Past & Future," Joseph Y. W. Pang, Executive Director, The Bank of East Asia, Ltd. Comment by Klaus Rohland, Division Chief, China and Mongolia Department, World Bank "Hong Kong as a Model for China," William J. McGurn, Deputy Editor, The Far Eastern Economic Review Comment by Li Changdao, Deputy Chief Magistrate, Shanghai High Court "Hong Kong, Economic Freedom, and Lessons for China," James Gwartney, Florida State University General Disscussion 5:30 p.m. - 6:30 p.m. Reception at Fudan University 7:00 p.m. Open Forum at Fudan University Tuesday, June 17 9:00 a.m. "Civil Society versus Political Society," Edward H. Crane, President, Cato Institute

9:30 - 10:45 a.m. Session 4: Social Development in China

Chair: David Boaz, Executive Vice President, Cato Institute "Market Development and Rural Women's Revolution in Contemporary China," Kate Xiao Zhou, University of Hawaii at Manoa Comment by Doug Bandow, Cato Institute "Private Provision of Retirement Security and Health Care," Michael Tanner, Cato Institute Comment by Mingde Yu, China Center for Economic Research, Peking University "The Growth of Civil Society in China," Minxin Pei, Princeton University Comment by Tom Palmer, Cato Institute

11:00 a.m. - 12:30 p.m. Session 5: Building China's Institutional Infrastructure

Chair: Barry Naughton, University of California at San Diego "China's Unfinished Economic Experiment," Nicholas R. Lardy, Senior Fellow, The Brookings Institution Comment by Wang Xi, Fudan University "Simple Rules for a Complex World: The Case of China," Roger Pilon, Cato Institute Comment by Cao Jianming, Director, East China University of Politics and Law "Joining the Global Information Society: China and the Regulatory Principles of the WTO Agreement on Telecommunications," Milton Mueller, Rutgers University and the Hong Kong University of Science & Technology Comment by Ren Rong Xiang, Shanghai Science and Technology Commission 12:30 p.m. - 2:00 p.m. Luncheon and Luncheon Address: "Empowering People: Chile's Success with Social Security Privatization,"José Piñera, Former Chilean Minister of Labor and Social Security and Co-Chairman of the Cato Project on Social Security Privatization 2:00 p.m. Tour of Shanghai and the Pudong New Area 6:00 p.m. Cruise on the Huangpu River Wednesday, June 18 9:00 a.m. "Air Express Systems: Trade Networks of the 21st Century," Michael L. Ducker, Senior Vice President, Asia Pacific Division, Federal Express Corp.

9:30 a.m. - 10:45 a.m. Session 6: Taxation, Regulation, and the Environment

Chair: Wang Xi, Fudan University "Simple Tax Rules for China," Stephen Moore, Cato Institute Comment by Zhang Shu-guang, Unirule Institute of Economics "Removing Regulatory Barriers in China: Changing the Foreign Exchange Regime," Y. C. Richard Wong and Sonia Wong, Hong Kong Centre for Economic Research / University of Hong Kong Comment by Wang Yuan, Division Chief, People's Bank of China "Sustainable Development: An Agenda in Search of a Problem," Jerry Taylor, Cato Institute Comment by Wang Zhan, Shanghai Economic Studies Center 11:00 a.m. - 11:45 a.m. General Discussion 11:45 a.m. - 12:00 p.m. CONCLUDING REMARKS: James A. Dorn, Cato Institute 12:30 p.m. - 2:00 p.m.CLOSING BANQUET KEYNOTE ADDRESS: "Prospects of Reform in China's Economic System," Liu Ji, Vice President, Chinese Academy of Social Sciences

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