On September 28, the 2024 Tsinghua PBCSF Chief Economists Forum gathered 20 top economists and experts from renowned global institutions to discuss “Global Industry Restructuring and Economic Outlook.” The forum covered critical topics such as industrial transformation, monetary and fiscal policy, AI, climate change, and the new energy industry. Experts provided forward-looking analyses on China and the global economy. The event was hosted by the Tsinghua University PBC School of Finance and organized by the Center for International Finance and Economic Research (CIFER), with live broadcasts across multiple platforms.

At the opening ceremony, Yang Bin, Vice President of Tsinghua University, and Tian Xuan, Associate Dean of Tsinghua PBCSF, delivered opening remarks.

Yang Bin, Vice President of Tsinghua University, emphasized that new energy and AI are key drivers of global economic transformation, reshaping industries and presenting new opportunities for growth. Tsinghua University has made significant strides in these areas through its research institutes on AI and carbon neutrality.

Tian Xuan, Associate Dean of Tsinghua PBCSF, discussed recent macroeconomic policies aimed at stimulating market confidence, stressing the need for fiscal and industrial policies to complement monetary measures.

Professor Ju Jiandong, Chair Professor of Tsinghua PBCSF and Director of CIFER, as the forum's initiator and host, extended his welcome and gratitude to all guests and viewers.

During the keynote speeches, Lin Yifu, Dean of the Institute of New Structural Economics at Peking University, Zhu Guangyao, Former Vice Minister of Finance, Liu Qiao, Dean of the Guanghua School of Management at Peking University, and Miao Yanliang, Chief Strategist at CICC, shared their insights. Professor Ju Jiandong moderated this session.

Ju Jiandong proposed that monetary, fiscal, and industrial policies should work together in a coordinated manner, describing this as a “three-horse chariot” that could drive China’s economic prosperity. He expressed optimism about China’s future growth under this approach.

Lin Yifu highlighted the importance of developing new productive capacities in regions based on local conditions, enabling China to maintain medium-to-high-speed growth.

Zhu Guangyao emphasized the rise of the digital economy in global trade and the need for technological innovation to maintain competitiveness.

Liu Qiao focused on the importance of increasing total factor productivity (TFP) through technological advancements and strategic investments in areas like carbon neutrality and AI.

Miao Yanliang discussed the need for a new financial system in the AI era to support innovation, noting challenges in financing and fostering unicorn startups.

In the first round-table on “Industry Restructuring and Economic Outlook in the Automotive / New Energy Sector", participants discussed pathways for industrial structural upgrades.

Followed up was a round-table discussion on "Monetary Policy, Fiscal Policy, and Economic Outlook". It was moderated by Tian Xuan, with panelists including Yu Yongding, Member of the Chinese Academy of Social Sciences, Sheng Songcheng, Professor at CEIBS, Guan Tao, Chief Global Economist at BOC International, and Lu Ting, Chief Economist of Nomura China — examined the role of monetary and fiscal policies, with experts stressing the need for further fiscal and industrial support to sustain economic growth.

The next round-table discussion on "Innovation, Artificial Intelligence, and Economic Outlook" was moderated by Pan Qingzhong, Executive Dean of Schwarzman Scholars at Tsinghua University. The panelists—Professor Sun Maosong from Tsinghua's Department of Computer Science and Technology, Zhou Hongyi, Founder of Qihoo 360, Wang Xiaochuan, Founder of Baichuan Intelligence, and Shen Jianguang, Chief Economist of JD.com — featured discussions on the potential of large AI models and the need for a clearer understanding of Artificial General Intelligence (AGI).

The last round-table discussion on "Climate Change, New Energy Industry Transformation, and Economic Outlook" was moderated by Li Zheng, Dean of the Institute of Climate Change and Sustainable Development at Tsinghua University. Participants included Liu Shijin, Former Deputy Director of the Development Research Center of the State Council, Zou Ji, President of the Energy Foundation China, Li Xunlei, Chief Economist of Zhongtai International, and Lin Xueping, General Manager of Lianxun Power Consulting — focused on the transformation of the new energy industry, with participants highlighting the importance of government commitment, innovation, and market-driven approaches.

The forum concluded successfully, engaging over 5 million online participants and hundreds of in-person attendees. More than 30 media platforms broadcasted the event live.