The 2012 Central China Financial Centers Forum was held in Yuelu Academy on July 7. More than 100 world famous financial experts and domestic elites in financial fields attended the forum. They talked freely about the macroeconomic situation at home and abroad and the situation of Chinese capital security market, and discussed on such issues as the challenge and development of central China, the "Two-Oriented" Society construction in Changsha-Zhuzhou-Xiangtan City Cluster and the role of finance played in improving the development of the real economy.

After the speaker invited discussion, conversation flowed freely from the honored guests: Lu Zhongyuan, deputy director of the Development Research Center of the State Council, Qi Bin, director of the Research Center of China Stock Supervisory Committee Fan Jianqing,a professor from Princeton University in America, Yao Qiwei from the London School of Economics and Neil Pearson, a professor of Financial Institute of the University of Illinois.

As to the current situation of China's economy, Mr. Lu believed that there is a periodic law in the process of economic development and Chinese economy is now stepping out of the downturn period and begins to rebound. He predicted China's economic growth to exceed 8% and maybe hit 8.5% this year.

Experts suggested that provinces in central China should seize every opportunity and positively facilitate the industry transfer from east areas. Fueled by the State policy of expanding domestic demand, central China will provide a new driving force to the new round of economic growth with its advantages like rich natural resources and cheap labor resources.