News
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Lectures in Government and Economics | Incentives, Information and Governance: China’s History in Economic Perspective
On June 6, 2024, the Society for the Analysis of Government and Economics (SAGE) hosted an online lecture entitled "Incentives, Information and Governance: China's History in Economic Perspective." The ratio of central government debt to China’s gross domestic product — currently around 20% — should be more than doubled, Li Daokui, a regular policy adviser to the government, told Bloomberg TV on Monday. Beijing recently began issuing 1 trillion yuan ($138 billion) of special bonds to fin
2024-06-06 -
David Daokui Li: China Needs Much More Central Government Debt
China should issue much more central government debt to make up for the inability of cash-strapped local authorities to spend money and drive growth, according to one of the country’s leading economists. The ratio of central government debt to China’s gross domestic product — currently around 20% — should be more than doubled, Li Daokui, a regular policy adviser to the government, told Bloomberg TV on Monday. Beijing recently began issuing 1 trillion yuan ($138 billion) of special bonds to fi
2024-06-03 -
China nurtures unicorn firms with sci-tech innovation
With the steady improvement in China's overall strength in sci-tech innovation, a multitude of unicorn enterprises have been fostered in the country in recent years, providing continuous momentum for nurturing new quality productive forces.
2024-05-13 -
Scholars Convene at Tsinghua University for the Sixth Annual Conference of Government and Economics
On April 27, 2024, the Sixth Annual Conference of Government and Economics, co-hosted by the Society for the Analysis of Government and Economics (SAGE), together with Tsinghua University’s School of Social Sciences and the Academic Center for Chinese Economic Practice and Thinking (ACCEPT), was successfully convened. The Vice President and Provost of Tsinghua University, Yang Bin, and Dean of the School of Social Sciences of Tsinghua University, Wang Tianfu, both delivered welcoming remarks. I
2024-04-29 -
Dong Zhiyong: Local elevator installation program offers insights into government and market interrelations
The following is a summary of Dong Zhiyong's keynote address to attendees at the Sixth Annual Conference of Government and Economics held at Tsinghua University, Beijing, on April 27, 2024. Dr. Dong is a Member of the Standing Committee of the Party Committee and Vice President of Peking University, Professor and Dean of the School of Economics at Peking University, and Editor-in-Chief of the journal Economic Science.
2024-04-29 -
Ma Haitao: Latest round of fiscal and tax system reforms needs to consider issue of unified planning for fiscal resources
The following is a summary of Ma Haitao's keynote address to attendees at the Sixth Annual Conference of Government and Economics held at Tsinghua University, Beijing, on April 27, 2024. Dr. Ma is President of the Central University of Finance and Economics and Secretary-General of the Applied Economics Discipline Evaluation Group under the Academic Degree Committee of the State Council.
2024-04-29 -
Huang Xianhai: An “enabling” industrial policy represents a third major layer for macroeconomic policymaking
The following is a summary of Huang Xianhai's keynote address to attendees at the Sixth Annual Conference of Government and Economics held at Tsinghua University, Beijing, on April 27, 2024. Dr. Huang is Vice President of Zhejiang University and Executive Director of the Research Center for Regional Coordinated Development at Zhejiang University.
2024-04-29