6th Nobel Economics Laureate Visiting China: Power of Innovation – China’s Market-Driven Path Under the New Normal
On October 22, the sixth “Nobel Economics Laureate Visiting China” was held successfully in Shenzhen, China. The forum was featured with Prof. Jean Tirole, winner of the 2014 Nobel Economics Prize laureate, who shared his unique opinions on the theme of “Power of Innovation—China’s Market-Driven Path under the New Normal”. Over 300 audience, including entrepreneurs, financial experts, and students, participated in the forum.
Firstly, Prof. Yunguo Liu, Associate Dean of SYSBS, presented the welcome remarks. He highlighted that it was the sixth time for SYSBS to organize the serial event of “Nobel Economics Laureate Visiting China”. Prior to this forum, a number of renowned guests were invited to speak at the forum, including winners of the Nobel Economics Prize and internationally recognized scholars, who have gained frontier academic achievements and possess strong social influence.
Prof. Liu Yunguo, Associate Dean of SYSBS, delivering welcome remarks
In the following session, Prof. Tirole made an analysis on “Competition, Innovation, and the Role of the State in Industry”. He provided his optimistic prediction about China’s macro-economic policy and future economic trends. Meanwhile, Prof. Tirole discussed about topics such as “One Belt and One Road” and “How to catch the world’s emerging industry opportunities”. The audience enjoyed the great benefit from the speech and responded enthusiastically with applause and cheers.
Prof. Tirole presenting keynote speech
After the keynote speech, Prof. Daokui Li from School of Economics and Management, Tsinghua University, explained the reasons of the decline in economic growth. He pointed out the new problems in traditional industry and the fact that new industries cannot cover the shortage. Prof. Li believed that people will rise from the valley bottom and embrace the glorious age in the near future in spite of new challenges.
In addition, Prof. Renzeng Wang from South China University of Technology, believed that important innovation always comes from excellent enterprises. A dynamic financial market can play a remarkable role in optimizing resource distribution and eventually achieve the biggest benefit of social value.
At the end of the forum, a round table discussion was held to deliberate problem solving measures on self-innovation, transformation and upgrading in the China’s market.
Experts and scholars at the round table discussion
Full house audience
