Innovative Development of China’s Future Economy

Chancellor Hong Yinxing
Nanjing University
Innovative Development of China’s Future Economy
December 6
4:00-5:30 PM
Joukowsky Forum, Watson Institute
111 Thayer Street

After becoming the world’s second largest economy, China needs a new, innovative theory of economic development to push itself forward. Old approaches are faced with challenges: cheap labor supply will run out, exports alone is insufficient to sustain growth, and China’s energy-intensive industries are largely unsustainable. In crafting a “new theory for economic development,” Chancellor Hong focused on role of domestic consumption, equality of income, technological innovation, and structural changes of the economy.

A Year of China event in collaboration with the Rhodes Center for International Economics and Finance, the Watson Institute, the Office of International Affairs, and the Department of Economics.

Brown and Nanjing University signed an exchange agreement during Chancellor Hong's visit.Brown and Nanjing University signed an exchange agreement during Chancellor Hong's visit.

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