Introduction

SPIEF 2012: LEADERSHIP THAT WORKS: The St. Petersburg International Economic Forum will once again provide a unique platform to gain a first-hand insight and engage in discussions and debates on issues affecting the global economy, in particular the increasing role that emerging economic powers are playing in shaping regional and global agendas. SPIEF 2012 will also be of particular interest to global business, government, and media leaders who are concerned with Russian political and economic affairs, with the Forum coming shortly after the newly elected Presidential administration takes office. SPIEF 2012 will provide a unique opportunity to engage with the incoming government as the country takes steps to reinforce its reform agenda in the post-election period. (http://2012.forumspb.com/)

Caixin Summit St. Petersburg: Caixin Media will host the Caixin Debate at the St. Petersburg International Economic Forum (SPIEF), the most important international forum in Russia. together, global business leaders and well-known economists will explore the future of China's economic model. Caixin Summit：Overseas Session is an offshoot of the Summit series. It features two to four events a year. Overseas Sessions have been held in Washington, St. Petersburg, Davos, Sydney and Hong Kong, and has become an in-depth dialogue platform gathering domestic and international high profile figures.

Reports

Agreements worth 360 billion rubles signed at SPIEF 2012, number of participants exceeds 5,300 people: Agreements worth 360 billion rubles signed at SPIEF 2012, number of participants exceeds 5,300 people 23 June, 2012, Saturday The 2012 St. Petersburg International Economic Forum proved to be more fruitful in terms of agreements and contracts than the previous year’s forum.

A total of 84 agreements were signed as part of SPIEF 2012 with 9 contracts having a combined value of more than 360 billion rubles, including 4 loan agreements for 164.4 billion rubles.

In 2011, 68 agreements were signed for a total of 338 billion rubles, including 17 investment contracts for 283.54 billion rubles.

SPIEF remains one of the most media covered events in Russia’s economic life: The Forum was attended by 1,139 representatives of leading Russian and foreign media outlets from 30 countries, or slightly less than the 1,155 journalists from 30 countries who covered SPIEF last year.

However, the media was represented at the highest level at the Forum. Miguel Forbes, the president of television broadcasting and licensing at Forbes Inc., visited Russia for the first time. Catherine Dourian, the bureau chief for Platts Middle East, attended the Forum for the first time.

Leading global media that deal with economic issues were prominently represented at the Forum. Registered foreign journalists included Caixin Media Company Ltd Chief Editor Hu Shuli, CNN International host John Defterios, Mainichi Shimbun Moscow Bureau Chief Hiroyuki Tanaka, Le Figaro Moscow Bureau Chief Pierre Avril, NHK Japan Broadcasting Corporation Moscow Bureau Chief Hideo Amma, Nikkei Inc Moscow Bureau Chief Yohei Ishikawa, The Asahi Shimbun Company Moscow Bureau Chief Hideki Soejima, Economic Information Daily Chief Editor Yuejin Du, The Wall Street Journal Europe Editor-in-Chief Tracy Corrigan, The Washington Post Moscow Bureau Chief Kathleen Lally, Thomson Reuters Bureau Chief for Russia and the CIS Timothy Heritage, and Yomiuri Shimbun Moscow Bureau Chief Kenichi Ogata.

Topic Summary

While China's thirty-year economic development program has delivered remarkable success, it has been argued that the country now risks stagnation of a "middle income trap" if there is not a shift towards more consumption-driven and innovation-led sustainable growth. What reforms are necessary to keep China’s economy on track, and what is at stake for regional economies and global growth at large?

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Agenda

June 22

Time	Topic	Speakers
10:00-11:30	EVOLUTION OR DISRUPTION: IS CHINA'S ECONOMIC MODEL EXHAUSTED?	Xiaonian XU, Prof of Economics and Finance, China Europe International Business School Sergey Guriev, Prof of Economics and Rector, New Economic School Brian Leach, Chief Risk Officer, Citi Weihua Ma, President, CEO, Executive Director, China Merchants Bank Jim O’Neill, Chairman, Goldman Sachs Asset Management Artem Volynets, Chief Executive Officer, En+ Group; Member of the Board of Directors, UC Rusal Moderator: Shuo Wang, Editor, CaiXin Media Company Ltd.

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