On 22nd April, China Centre Continue Study Club invited Dr. Chen Dafei, previously a visiting scholar at the University of Manchester, to deliver a talk on the very hot topic of short-term challenges and long-term difficulties of China's economic development. More than 70 alumni and students attended the talk. Dr. Chen first analyzed financial risks and structural deleveraging in its logic and method. Then he explored the trade friction between America and China focusing on its cause, confrontation and prospect. He particularly looked at Chinese currency’s exchange rate and call it as a smokeless "currency war". To finish the 3-hour session, Dr. Chen briefed on disappearing demographic dividend and its impact on China's economy. During the Q&A session, alumni expressed their concerns regarding the ongoing Sino-US trade war and relevant impact on them as Chinese residents and businessmen.