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Closed-door Discussion: Sino-US Relations in US Election Year

Time: 2024-04-01 10:34 Print

On March 23, the Global Economic Governance 50 Forum held its first closed-door luncheon of 2024 on Financial Street, focusing on "Sino-US Relations in the US Election Year."

Notable speakers included Nicholas Lardy, Nonresident Senior Fellow at Peterson Institute for International Economics and Senior Fellow at Yale University; Douglas Peterson, President and Chief Executive Officer of S&P Global; Peter Jungen, Chairman of Peter Jungen Holding GmbH; and Professor Li Cheng, Founding Director of Centre on Contemporary China and the World at the University of Hong Kong.

The luncheon discussion was chaired by Zhu Min, the founder of the Global Economic Governance 50 Forum and former Deputy Managing Director of the IMF. Over thirty guests, including members of the Global Economic Governance 50 Forum, faculty members, and alumni representatives from Tsinghua University PBC School of Finance, attended the luncheon.

The US election, artificial intelligence, and Sino-US relations were the keywords of this closed-door luncheon.

Nicholas Lardy firstly analyzed the essence of Sino-US relations from an economist's perspective, and noted the defectiveness that may cause to the economy.

Douglas Peterson discussed five key areas that will shape the future of Sino-US relations: financial markets, trade flows and supply chains, digitalization and artificial intelligence, green economy, and demographic structures. He emphasized the need for Sino-US cooperation in data, artificial intelligence, and green economy sectors, noting the disruptive transformation across industries and the significant funding gap in green financing.

Peter Jungen spoke on current challenges, globalization, technology and entrepreneurship, and artificial intelligence, highlighting the rapid development of AI as a significant challenge and impact factor for humanity. He noted that the US, China, and other countries have common interests and must consider the future development of humanity.

Li Cheng analyzed the competitive and cooperative relationship between China and the US, focusing on the US election and the Munich Security Conference. He mentioned three areas of concern: artificial intelligence and its governance, war, and financial markets.

Discussions among the attendees then centered on the long-term economic impacts of Sino-US relations, the EU's trade policies on Chinese electric vehicle exports, the TikTok incident, the development and cooperation in artificial intelligence, and higher education in China and the US.

The luncheon was hosted by the Global Economic Governance 50 Forum and organized by Tsinghua PBCSF. The "Global Economic Governance 50 Forum" is committed to conducting independent, forward-looking, and academically supported policy research on the improvement and transformation of the global economic governance system, providing solutions for China to better participate in global economic and financial governance.