A two-day summit “The Currency of Trade: Formulating stronger and more sustainable U.S.-China trade relations” was held in Wenjin Hotel by Tsinghua University, from October 22 to 23.

This is the second meeting of three-session forum series on Trade, China and the World Economic Order, sponsored by the Kearny Alliance, Arizona State University and Tsinghua University. Professor Li Xiguang, Executive Dean of the School of Journalism and Communication of Tsinghua, and Michael M. Crow, president of Arizona State University attended the meeting, together with Mr. Merle A. Hinrichs, the president and founder of Global Sources, a leading business-to-business media company focused on global trade.

More than 30 experts from the United States, Sweden, Japan and China attended the forum, most of whom are government officials and scholars on finance, economics and international trade. Wu Xiaoling, the former deputy governor of the People’s Bank of China, Mr. Hans Genberg, the former executive director of research at the Hong Kong monetary authority and Mr. Louis Kuijs, senior economist in the World Bank’s China office made keynote speeches on panel discussions.

The meeting focused on eight topics, including the world currency, international trade, and the financial crisis. The participating experts and representatives focused their heated discussions on areas of China’s economic development and its contributions to the recovery of world economy, the establishment of an Asian currency unit, as well as the contradictions and solutions towards the present currency policies.

The third session of “Forums on Trade, China and the World Economic Order” will be held within this year in Washington D.C., United States.

Professor Li Xiguang, Executive Dean of the School of Journalism and Communication of Tsinghua, delivered the opening remarks for the forum.

Professor Michael M. Crow, president of Arizona State University, delivered a speech.

There were heated discussions on the forum.