News
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China and ASEAN step into the next phase of shared development
In steelmaking, what once relied on the seasoned eye of a master is now handled by smart systems that read flame color and brightness to guide inputs with precision. In sugarcane fields, robots take care of planting, spraying and harvesting while spotting weeds to cut pesticide use. A legal large model can translate laws from all 10 member countries of the Association of Southeast Asian Nations (ASEAN), and a fruit-focused large model offers features such as evaluating when durians are ripe, hel
2025-09-22 -
China Mulls Helping Local Governments With $1 Trillion of Bills
China is preparing to tackle the significant backlog of unpaid bills owed by local governments to the private sector, according to people familiar with the matter, an amount of arrears some have estimated at over $1 trillion. The government is considering asking state lenders and policy banks including China Development Bank to lend to local authorities so they can make the payments in arrears, the people said, asking not to be named because the matter is private. The amount of money under dis
2025-09-11 -
Professor David Daokui Li's “General Survey of Economics” selected for inclusion in third batch of first-class national-level undergraduate courses
The Ministry of Education recently announced the results for the third batch of first-class national-level undergraduate courses, with the “General Survey of Economics” course having been among those successfully selected, marking yet another major breakthrough made by the course after winning recognition as a Tsinghua University Excellent Course in 2024. This signifies that the development of such a curriculum has garnered a high degree of offical approval at the national level, fully demonstra
2025-09-05 -
Fiscal moves urged to spur economy: Weak property sector, local debt burdens cited as major challenges
As markets await China to unveil its economic policy roadmap for the second half, economists and policy advisers have renewed calls for ramping up fiscal stimulus measures to address persistent challenges in the property sector and local government debt. Despite progress in bolstering consumption — particularly through trade-in programs in the first half, weak property market performance and fiscal strain on local governments could limit further recovery in consumption and investment, they said
2025-07-29 -
Exclusive Interview with Economist David Daokui Li: Stablecoins Are Essentially Money Market Funds, Wall Street and the US Govt Are the Driving Forces Behind Dollar-Based Stablecoins
Recently, the global regulatory framework for stablecoins has begun to take shape. According to industry data, the market size of stablecoins has grown from approximately $5 billion in 2020 to over $250 billion in 2025, with an annual compound growth rate exceeding 100%. Standard Chartered predicts the market could reach $2 trillion by 2028.
2025-07-20 -
Experts call for building policy consensus on bold fiscal reforms
It is time to build a policy consensus on China's space for bold fiscal expansion, leveraging it for deep reforms aimed at improving social welfare and accelerating the country's much-anticipated economic rebalancing, according to leading economists and policy advisers at top think tanks.
2025-07-18 -
Lectures in Government and Economics | How Can Economics Help Us to Better Understand and Improve Today's World Economy?
On July 8, 2025, the Society for the Analysis of Government and Economics (SAGE) hosted an online lecture entitled “How Can Economics Help Us to Better Understand and Improve Today's World Economy?” This lecture was presented by Daron Acemoglu, 2024 Nobel Laureate in Economic Sciences and Professor of Economics at the Massachusetts Institute of Technology. The webinar represented the twentieth installment in SAGE's Lectures in Government and Economics Series.
2025-07-08



