The CICC Global Institute (CGI) convened its 2026 Q4 Macro Forum in Bangkok, Thailand, on October 13, marking the first time the institute's quarterly event was held in Southeast Asia. The forum, themed "China's Economy amid Global Rebalancing: New Paradigms and New Industries," brought together experts from the International Monetary Fund, ASEAN+3 Macroeconomic Research Office, Shanghai Advanced Institute of Finance, National University of Singapore, and other institutions to discuss China's evolving economic role.
Yanliang Miao, Chief Economist and Senior Managing Director of CICC, emphasized in his keynote that understanding China requires a global rebalancing perspective. He pointed to the dynamism of emerging industries and the implications of shifting from old to new growth engines for jobs, incomes, and demand. Miao also noted that alongside green and digital transitions, China is working toward a growth model supported by higher household incomes and services-led consumption. On the international monetary order, he observed that changes in the global economy, trade networks, and financial technology are driving a more diversified international monetary system. He cautioned that economic and trade strength do not automatically confer international currency status, stressing that institutional credibility and the depth and breadth of financial markets remain central to the internationalization of the renminbi.
Huimin Wu, Executive Dean of CGI and Deputy Head of Research Department at CICC, highlighted insights from The New Pattern of Dual Circulation, a book jointly published this year by CGI and CICC Research Department. According to Wu, China's economy is entering a new stage of development, with trade and outward investment undergoing a paradigm shift and emerging industries becoming increasingly important drivers of global growth. These changes, she noted, are both part of and shaped by global economic rebalancing, creating a new pattern of interaction between China and the world economy.
The forum featured two thematic dialogues and an evening discussion session, focusing on transformations in China's trade and outward investment and their global implications, as well as prospects for emerging industries such as innovative pharmaceuticals, green energy, and artificial intelligence.
Taking place during the week of the IMF and World Bank Annual Meetings, the event aimed to bring Chinese perspectives to international discussions on global economic opportunities and challenges. As part of CGI's efforts to strengthen international exchanges and foster a deeper understanding of China's economic transformation, the Bangkok forum represents an innovative exploration. Looking ahead, CGI plans to continue deepening its international engagement and building a dialogue platform focused on China's economy, contributing to greater mutual trust and consensus.
The forum was announced via Media OutReach Newswire.
