2016 China's Urban Infrastructure Investment and Development Annual Conference, sponsored by the National Chamber of Commerce Urban Infrastructure Association, was held in 7 Star Hotel Beijing. The theme of the annual conference was ‘the Analysis of Economic and Strategic environment’. Topics about China economic development and international safety environment and other topics which entrepreneurs interested were discussed. Mengfu Huang, the honorary president of the National Council, the former vice president of the CPPCC, made the opening speech. Yuanlong Zhang, the NPC Standing Committee, the former vice chairman of the National Federation of China presided over the conference. Lihui Tian, the economist and professor of Financial Development Institute at Nankai University, delivered the keynote speech --‘RMB Exchange Rate and the Current Economic Situation’.Kejia Sun, general at National Defense University and the famous finance and taxation expert Professor Weiguang Li also made the speech about the country’s military strategy and the finance and taxation reform issues. More than 400 entrepreneurs from National Chamber of Commerce Urban Infrastructure Association attended the conference.

Nankai University Professor Tian, combing with the academic theory of exchange rate and China's foreign exchange policy, thought that China's foreign exchange management needed to be treated with absolutely caution, and the trend of RMB depreciation could be reversed. Professor Tian criticized purchasing power parity theory, interest rate parity theory and balance of payments theory, and discussed the asset market theory. He considered that the short-term trend of RMB exchange rate depended on the specific operation of the central bank, and the medium-term trend was based on the expected guidance. He reviewed a number of major exchange rate movements in history, and analyzed the currency movements since the founding of the RMB. He studied the possible policy movements after Trump took over the presidency, arguing that China should bide its time and prevent currency wars. discussing the current economic situation in China and the United States, Professor Tian argued that the U.S. economy had recovered from the 2008 financial crisis, and the dollar interest rate was likely to hike, since the dollar became a strong currency. Through a lot of data analysis, he thought the Chinese economy was showing signs of warming, whereas the lack of the investment confidence existed. He argued to reduce tax burden at this moment, to prevent excessive speculation in second-hand real estate market and the volatility of financial market. China should create a good macro-environment for enterprise development and provide effective financial services. Professor Tian believed that the ultimate trend of RMB value depended on the confidence of Chinese enterprises and residents. Professor Tian's lecture won enthusiastic applause from the 400 entrepreneurs. Heilongjiang Provincial Party Committee Front and other relevant institutions have also invited Professor Tian and other Nankai scholars to carry out visits, exchange ideas and conduct cooperative research.