45th Tsinghua University Forum on China and the World Economy featured in Guizhou Satellite TV's "Forum" talk show program discussing China's mid-year economic performance
In July, China’s National Bureau of Statistics released economic data for the first half of the year, with the country’s gross domestic product (GDP) having grown 5.5 percent year-on-year, which indicates a robust performance compared to last year’s modest 3.0% expansion, and up from the first quarter’s 4.5 percent year-on-year growth estimate. China’s economic growth remains well above that of major developed economies, demonstrating the strength and resiliency of its economic development.
The most recent meeting of the Political Bureau of the CPC Central Committee pointed out that the country’s economic situation faces new challenges, including most especially in the form of insufficient domestic demand, a difficult operating environment for certain enterprises, multiple underlying risks in key sectors, and a complex and grim external environment. Meanwhile, the current post-pandemic economic recovery is undergoing a process characterized by "wave-like" expansions and zigzag improvements.
Under such a backdrop, how to best go about expanding China’s domestic demand, increase the effectiveness of economic policies and promote the stable and healthy development of the country’s economy?
The 45th Tsinghua University Forum on China and the World Economy, hosted by Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking (ACCEPT), was featured in a special episode of Guizhou Satellite TV’s "Forum" talk show program broadcasted on July 30, 2023, entitled "Promoting Stable and Healthy Economic Development." "Forum" is a popular and influential talk show program in China that brings together notable guests from political, business and academic circles for serious and frank discussion on a variety of hot topics ranging from politics, economics, society and the latest current events. The Chinese-language talk show program is hosted by Long Yongtu, the Former Vice Minister for the Ministry of Foreign Trade and Economic Cooperation (MOFTEC, the forerunner to today’s Ministry of Commerce) and Chief Negotiator for China’s resumption of the General Agreement on Tariffs and Trade contracting party status and its accession to the World Trade Organization.
Click here to watch the full TV program (in Mandarin Chinese): http://m.app.cctv.com/vsetv/detail/C10243/f32bb706d2c74043b775ca6603c0065c/index.shtml#0
Photo shows a snapshot from the special episode of Guizhou Satellite TV's "Forum" talk show program broadcasted on July 30, 2023, entitled "Promoting Stable and Healthy Economic Development."
The host of Guizhou Satellite TV's "Forum" talk show program, Long Yongtu, is the Former Vice Minister for the Ministry of Foreign Trade and Economic Cooperation (MOFTEC, the forerunner to today’s Ministry of Commerce) and Chief Negotiator for China’s resumption of the General Agreement on Tariffs and Trade contracting party status and its accession to the World Trade Organization.
Photo shows a panel of distinguished guests assembled for a roundtable discussion at the 45th Tsinghua University Forum on China and the World Economy, held on campus at Tsinghua University's School of Economics and Management on June 17, 2023. The biannual event was hosted by Tsinghua University's Academic Center for Chinese Economic Practice and Thinking (ACCEPT) under the theme of "2023 Mid-Year Economic Outlook."
David Daokui Li, the Director of Tsinghua ACCEPT and Co-President of the Society for the Analysis of Government and Economics (SAGE), delivered a keynote speech at the 45th Tsinghua University Forum on China and the World Economy.
The Executive Deputy Director of Tsinghua ACCEPT, Li Ke'aobo, moderated a roundtable discussion of distinguished guests at the 45th Tsinghua University Forum on China and the World Economy.
Zhang Bin, Deputy Director of the Institute of World Economics and Politics at CASS, reiterated his call for steep interest rate cuts to reverse waning aggregate demand during the 45th Tsinghua University Forum on China and the World Economy.
At the 45th Tsinghua University Forum on China and the World Economy, Deputy Director of the Institute of Finance and Banking at CASS, Zhang Ming, said that tackling local debt will require the central government to increase financial leverage.
Francis T. Lui, Economics Professor at the Hong Kong University of Science and Technology, outlined the prospects and challenges for Hong Kong's post-pandemic recovery during the 45th Tsinghua University Forum on China and the World Economy.
At the 45th Tsinghua University Forum on China and the World Economy, Chief Economist of Industrial Bank, Lu Zhengwei, noted that multiple factors are eroding entrepreneurial confidence as China's asset allocation undergoes a major reshuffle.
Li Wenjie, Senior Vice President of Beike Zhaofang and President of the Beike Research Institute, elaborated on China's real estate market recovery prospects and risks during the 45th Tsinghua University Forum on China and the World Economy.
