China continues to rise as a key player in the global innovation ecosystem, ranking second globally in the number of unicorn companies and accounting for nearly 30 percent of the world's total, said a newly released report. According to a unicorn enterprise development report released at the Zhongguancun Forum in March, China's unicorn companies are gaining global prominence, with a total of 409 unicorns valued at approximately $1.5 trillion. Unicorns, generally defined as privately held compa

Li Daokui, one of China's most influential economists, told AFP that Trump's tariffs mainly aimed to squeeze other countries for concessions. It is hard to imagine that there is any other economic policy that can make people around the world, including people in the United States itself, suffer losses at the same time. This is simply a 'spectacle' of failed economic policies, Li said. Both the US government and the US economy will suffer huge losses, said Li, an economics professor at Tsingh

Despite the aggressive reciprocal tariff policy announced by the White House, senior economists believe that China's strong domestic consumption potential and its people-centric investment strategies are well-positioned to offset the risks posed by these tariff hikes. While the Chinese economy faces challenges, the sky is not falling, said Chen Wenling, former chief economist at the China Center for International Economic Exchanges. China's economy is still robust and capable of weathering stor

On April 1, the 2025 CCID Forum co-organized by the China Center for Information Industry Development (CCID Academy for Industry and Information Technology) and the New Industrialization Research Center of the Ministry of Industry and Information Technology (MIIT) was held in Beijing, China. David Daokui Li, director of the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) at Tsinghua University, pointed out in his speech during the forum’s main proceedings that the development

On March 30, the Global Unicorn Company Conference was convened during the 2025 Zhongguancun Forum Annual Conference. David Daokui Li, director of the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) at Tsinghua University, commented at the conference that the size of China’s market is immense, which therefore makes it easier for new enterprises to grow at a faster pace. Moreover, the scale of the country’s market is still in the process of further expanding, providing a solid

BMW Group and the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) of Tsinghua University jointly organized the “BMW Group Mobility Council (China) - Explore the New Frontiers of Smart Cockpit” seminar at Tsinghua University. This seminar brought together industry experts, scholars and business representatives to discuss the latest development trends, innovative application scenarios and directions for future advances in smart cockpit technology, contributing knowledge and sup

In the city of Ningbo, Zhejiang Province, the local government has earmarked 10 percent of its annual budget specifically for public services for migrant workers, covering their housing, education and vocational training. This initiative has not only improved the lives of migrant workers, but also triggered a ripple effect in the local economy courtesy of their stable employment and consumption. The investment's impact on GDP growth once achieved a one-to-one ratio, with multiplier effects in t