At the 20th International Economic Association (IEA) World Congress held in Medellín, Colombia and hosted by Universidad EAFIT, from December 11-15, 2023, economists gathered together from all around the world to present their latest research and discuss policy issues of mutual concern, including addressing and debating the major economic and policy challenges currently facing the international community. The 2023 Congress’ theme “World Economy at a Turning Point? Conflict, Fragmentation, and Di

China can leverage its unique advantages to develop in the artificial intelligence era, such as what happened with jeans manufacturers in the Gold Rush era, industry officials said. Though China has few leading firms such as OpenAI and NVIDIA, the country has an advanced supply chain and information infrastructure to develop an AI-powered economy, scientists, investors, and economists have shared in forums held recently. China's AI industry would capitalize on the business opportunity, referri

This past week, a seminar on "Win-Win Cooperation Drives Industry Transformation," hosted by the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) at Tsinghua University, was successfully held in Beijing. The seminar took aim at seizing opportunities for further developing the field of new energy while promoting the healthy integration of the automotive industry, bringing together experts and scholars from the government, universities, manufacturing and technology companies, pl

Brazilian Delegation for Economic Cooperation Visits Tsinghua ACCEPTOn November 20, 2023, a Brazilian delegation for economic cooperation visited the Academic Center for Chinese Economic Practice and Thinking (ACCEPT), with Director David Daokui Li and Deputy Executive Director Li Keaobo receiving their counterparts and engaging in informal talks.In recent years, economic ties between China and Brazil have grown increasingly warmer, with both sides eagerly looking forward to forging closer bilat

China's overall economic performance will be "warmer" next year, and the stock and foreign exchange markets are expected to embrace an upward turning point soon, said leading economists at Caijing Annual Conference, an industry event, on Wednesday. Li Daokui, an economist with Tsinghua University, said that China's overall economic performance will be "warmer" next year with a higher capital intensity than this year.

The Chinese economy is expected to be on the upswing in 2024, with much stronger momentum than this year, economists said on Wednesday amid a wave of global institutions raising their GDP forecasts for China. "Next year is likely to be an important adjustment year for China's economy. It is expected that great efforts will be made to stabilize and maintain growth, as well as to remove risks. Therefore, economic growth will see stronger momentum," Li Daokui, director of the Academic Center for C

China needs to prevent any “hard decoupling” from the global economy as the world becomes more politically divided, according to a former adviser to the People’s Bank of China. “Against the background of the polarization of global politics, the world economy is also seeing a rise in different blocs,” said Li Daokui, a former member of the central bank’s monetary policy committee, at the Caijing Annual Conference in Beijing on Wednesday. Li said the world economy is effectively divided into thr