The new development paradigm with dual circulation has two backgrounds. One is the complex international environment brought up by a large population leading up to getting big before getting rich. The other is the inevitable development norm of a major economy.

According to Zou Ji, firstly, China can no longer go down the path of environmental pollution to achieve growth, as the country has already passed this developmental stage. Second, green development is a huge business opportunity. Here, we must consider the following two facts: 1) China’s per capita energy consumption is far lower than that of many developed countries, and 2) Green development implies costs that are higher than the costs of unconstrained investment and subject to faster growth.

As 2021 approaches, the outline of the 14th Five-Year Plan will be announced soon. During the implementation of the 14th Five-Year Plan and beyond, what are China’s prospects for growth and high-quality socioeconomic development? On December 27, Tsinghua University’s Academic Center for Chinese Economic Practice and Thinking (ACCEPT) and Tencent Finance jointly held a live online broadcast to explore this question.

The total working-age population in China began to fall after a peak around 2012, which has led to obvious changes in the macroeconomy in recent years.

The “Southbound Shift” of China’s economy and population has been occurring for 1,500 years; Beijing, Shanghai, Guangzhou, and Shenzhen account for 12.5% of China’s total GDP, but 5.2% of the population

The Start of the 14thFive-Year Plan: Reconfiguring Economic Geography to Enhance Domestic Circulation and Readjusting Economic and Trade Relations to Open Up New Space in the International EconomyResearch Team:David Daokui Li, Li Keaobo, Huang Zhangkai, Li Bing, Lu Lin, Guo Meixin, Long Shaobo, Feng Xuming, Shi Jinjian, Sean Xu, Fu Lin, Jin Xingye, Wu Shuyu, Hu Sijia, Chen Dapeng, Li Yusha, David Zhang, Zhou Peng, Zhang He, Lang Kun, Wang ZihangRead Full text of the Report (in Chinese):http://ww

Abstract: Potential economic growth rate is of great significance for medium and long-term economic development planning and public policy making. The forecasts on China's potential economic growth rate vary a lot in the literature, due to differences in measurement methodology, premise assumptions, and parameter selection. In general, most of the forecasts for the year 2025 fall in the range of 5%-6.5%; most of the forecasts for 2035 fa

Abstract: As consumers in countries around the world become increasingly aware of and sensitive to the products that their foreign counterparts consume, a natural question is what predictions do classic trade frameworks hold when incorporating social comparison-based preferences? We analyze this question in a general equilibrium framework for a two-country, tw