On November 25-26, 2023, the 10th Academic Forum of China's Experts and Young and middle-aged Scholars in World Economics, sponsored by BNU Business School and the Institute of World Economy of Fudan University, one of the Key research bases of Humanities and Social Sciences of Ministry of Education, was successfully opened in the lecture hall of Yingdong Academic Hall of Beijing Normal University.

Professor Hong Junjie, Vice President, University of International Business and Economics; Professor Xie Shenxiang, Vice President of Shandong University of Finance and Economics; Professor Zhu Tingjun, Vice President of Lanzhou Jiaotong University; Professor Yao Shujie, Director of Li Anmin Research Institute of Economics, Liaoning University; Professor Huang Jianzhong, Director of Academic Committee, Professor of School of International Economics and Trade, Shanghai University of International Business and Economics; Professor Tang Yihong, Dean of School of International Economics and Trade, University of International Business and Economics; Professor Peng Shuijun, Deputy Dean of School of Economics, Xiamen University; Professor Shen Guobing, Deputy Director of the Institute of World Economy, Fudan University; Professor Ding Yibing, Dean of School of Economics, Jilin University; Professor Yu Zhen, Dean of Hongyi School, Wuhan University; Professor Zhu Shujin, Secretary of the Party Committee of School of Economics and Trade, Hunan University; Professor Mao Yanhua, Dean of the Institute of Regional Openness and Cooperation, Sun Yat-sen University; Professor Qiang Jianxin, Dean of School of Economics and Finance, School of International Relations; Professor Zhang Yugui, Dean of School of International Finance and Trade, Shanghai International Studies University; Wang Zhongyi, Director of the Institute of World Economy, Shanghai Institute for International Studies; Professor Wang Dihai, Institute of World Economy, Fudan University; Professor Bao Xiaohua, Director of Free Trade Zone Research Center, Shanghai University of Finance and Economics; Professor Li Lei, Associate Director of the Institute of International Economics, School of Economics, Nankai University; Professor Huang Yangping, Dean of School of Finance and Economics, Jimei University; Professor Qi Yudong, Dean of BNUBS; Professor Zhao Chunming, Director of the Academic Committee of BNUBS, and Professor Qu Ruxiao, Director of the Teaching Steering Committee of BNUBS attended the forum. Besides, people from World Economy, China Industrial Economy, Economic Trends, Finance and Trade Economics, Quantitative and Technical Economic Research, China and World Economy, International Trade Issues, Nankai Economic Research and other periodicals also attended the forum. More than 150 students and teachers from more than 40 universities and research institutions attended the forum. The opening ceremony was presided over by Professor Cai Hongbo, Associate Dean of BNUBS.

Group photo 1

Group photo 2

Professor Qi Yudong, Dean of BNUBS, mentioned in his speech that the report of the 20th National Congress of the Party pointed out that the great changes not seen in a century are accelerating the evolution of today's world, a new round of scientific and technological revolution and industrial transformation are developing deeply, the international balance of power is profoundly adjusted, and China's development is facing new strategic opportunities. At the same time, the impact of the pandemic in the 21st century is far-reaching, the trend against globalization is rising, unilateralism and protectionism are on the rise, the world economic recovery is sluggish, local conflicts and turbulence are frequent, and global problems are intensifying. The world has entered a new period of turbulence and change, and China's reform, development and stability also faces many deep-seated problems that cannot be avoided. External suppression and containment may escalate at any time, China's development has entered a period of strategic opportunities and risks and challenges, and uncertain and unpredictable factors are increasing, and various black swan and gray rhino incidents may occur at any time.These various issues of The Times with the world's questions need to be tackled and solved by experts and scholars in the field of World Economy and International Trade. It can be said that if we can answer and solve these questions of the world, the questions of China, the questions of The Times, and the questions of the people, China is expected to establish an independent knowledge system of China's world economics and make due contributions to the world economy and promote Chinese economics to enter international first-class level. Professor Shen Guobing, Associate Director of the Institute of World Economy of Fudan University, said in his speech that this year is the 10th anniversary of the "Belt and Road", and the 10th Academic Forum of China's World Economy experts and young and middle-aged scholars has come to Beijing Normal University, a major place of higher education in China, and the origin area of formal normal higher education for modernization, future and the world. It is of great significance for the 10th Forum to be held here, and he hoped that experts and scholars from all walks of life participating in this forum can help it to continue to flourish.

Professor Qi Yudong’s speech

Professor Shen Guobin’s speech

Keynote speech 1

Prof. Shen Guobing presided over the first half of the keynote speech. Professor Yao Shujie made a keynote speech entitled "The Era Connotation, Strategic Value and Realization Path of New quality Productivity".He explained the background, the development foundation and the present situation, the value and the policy suggestions of the new quality productivity.Prof. ZhaoChunming delivered a keynote speech entitled "Vanishing Profits: Import Competition and Corporate Tax Avoidance". By analyzing the relationship between import competition and corporate tax avoidance of different types of enterprises, it is found that the reduction of import tariff is the driving factor for the aggravation of corporate tax avoidance. From the perspective of micro-mechanism, there is the crowding out effect of import competition and the lagging effect of competition. From the perspective of enterprise behavior, it lasts for a long time and tend to be different. Both existing policies can mitigate this negative effect, but they are more about blood transfusion mechanisms than hematopoietic mechanisms. The title of Professor Huang Jianzhong's speech is "Four Core and Four Dimensions, Double Self-Linkage - The Logical Construction of Steadily Expanding Institutional Opening-up", he believed that the stable development of China's economy itself largely determines the uncertainty of the entire world economy and the outcome of the game between China and the United States. China's independent opening up should focus on the "double self-linkage", that is, the free trade agreement and the free trade pilot zone, the linkage between the two is a breakthrough in China's further institutional opening up. Professor Hung Junjie delivered a keynote speech on "Digitalization of Trade and New Advantages of International Competition". The development of digital globalization faces uncertainties, security and other issues, and digitalization even affects talent training and traditional market economy. From the perspective of new advantages in international competition, the digitalization degree of the trade chain and the digital transformation of foreign trade entities play an important role in the development of trade, whether from the perspective of cost, competitiveness or security and stability.

Professor Zhu Tingjun presided over the second half of the keynote speech.The topic of Professor Tang Yihong's speech is "Transnational Collaborative Research on Trade Policy under Global Value Chains". In the current situation of deepening economic globalization and full of changes, the coordination of trade policies among countries is very important. The introduction of global value chains creates a link between countries' economic linkages and the impact of one country's trade policies on others. Adhering to the multilateral coordination of trade policies and promoting the development of an open world economy is the inevitable way to promote the solution of major global economic and trade issues.The topic of Professor Peng Shuijun's speech is "External Demand Shock and Capacity Utilization of Enterprises: on Trade Digitization and Enterprise Shock Adaptation". At present, overcapacity is a serious problem, demand is biased towards the service industry, a new round of risks are accumulating, and the structural contradictions highlighted by overcapacity are becoming more apparent. He believed that making full use of the two markets and two resources of the double cycle, further improving the adaptability of international enterprises through external circulation, and improving infrastructure and digital development will inevitably play a more positive role in China's economy. Professor Zhang Yugui delivered a keynote speech entitled "Global High-end Manufacturing Investment Trends and their Impact (2018-2023)". By combing the overall development status of the global manufacturing industry, the background of "revitalizing the manufacturing industry" in Europe and the United States, the performance of "manufacturing reflux" in the United States, the cases of "manufacturing reflux" in the world, and the impact of the reshaping of the global manufacturing pattern on China, he believed that the threat of alternatives needs to be increased, the formation of controllable endogenous forces, and the prevention of possible economic decoupling.In his keynote speech entitled "The Impact of Digital Transformation and Exchange rate Changes on exports - Evidence from China's Listed Companies", Professor Ding Yibing mentioned that the high-quality development of China's exports focuses on the effective improvement of quality and reasonable growth of quantity. Through the relevant data of listed companies, he found that the effect of exchange rate changes on digital transformation and exports is different in different enterprises, and the eastern region and the central and western regions are also different. These heterogeneous results provide some references for policy choices.On the afternoon of the 25th, six parallel forums were held on topics related to the World Economy.The parallel forums focused on "Global Industrial Supply Chain Resilience and Safe Development", "Cultivating New Advantages in Export Competition", "Institutional Opening", "Digital Economy and Global Value Chain", "International Finance and Investment", and "High-quality Development of the Belt and Road".We have invited guests from Peking University, Renmin University of China, Chinese Academy of Social Sciences, Beijing Normal University, Fudan University, Jilin University, Xiamen University, Southeast University, East China Normal University, South China University of Technology, Hunan University, University of International Business and Economics, Central University of Finance and Economics, Guangdong University of Foreign Studies, Capital University of Economics and Business, Shanghai University of International Business and Economics, Beijing Posts and Telecommunications Professors and associate professors from universities, Beijing International Studies University, Shanghai Normal University, Jimei University, Anhui University of Finance and Economics and other universities acted as hosts and reviewers, and conducted in-depth discussions and exchanges on more than 40 papers selected from 142 submitted papers.

Six parallel forums

On the evening of November 25, the Forum held a journal and publishing house forum, inviting 13 well-known academic journals, publishing house leaders, editors and reviewers to talk deeply about the problems and suggestions of journal paper publication and academic work publication.

Forum of Journals and publishers

On the morning of 26 November, the two keynote speeches were held in the same time, with the first half of the second keynote speech hosted by Professor Qu Ruxiao.Professor Xie Shenxiang, Vice President of Shandong University of Finance and Economics, gave a speech entitled "Trade Theory Innovation under the Background of Digital Economy".The digital economy itself, with its low cost and endogenous factors, inevitably poses some challenges to traditional trade theories. Therefore, it is necessary to pay attention to the endogeneity of digital factors, changes in market structure, bilateral market theory, and the possible changes of location and distance under the conditions of digital economy under the integrated trade, investment and division of labor pattern. Professor Tian Suhua, Associate Dean of the School of Economics of Fudan University, gave a speech entitled "Tax Havens and International Direct Investment".He is concerned about how the quality of taxation and system affects the location of tax havens for enterprises in the home country. He may have made an in-depth analysis of the situation of the real economy for some enterprises to go to tax havens while not necessarily avoiding tax, and also provided a new perspective for observing the investment behavior of multinational corporations from the perspective of institutional quality. Professor Mao Yanhua brought the “Belt and Road People-to-people Bond and China OFDI-- An Empirical Study based on Twitter Text Sentiment Analysis." People-to-people bond is the foundation of the "Belt and Road" and the key to the sustainability of the "Belt and Road" initiative. Based on the tweets released by Twitter users, he tracked the flow of emotions through the Twitter communication network, aggregated the emotional polarity of users in various countries for the "Belt and Road", and quantified the impact of the entire people-to-people bond on investment. Prof. Bao Xiaohua delivered a keynote speech entitled "Origin, Intermediate Trade Liberalization and Export Product Quality". At present, economic globalization is facing a certain retrogression or obstruction, and regional trade agreements are increasingly setting off a new climax. She believed that, on average, rules of origin limit the improvement of export product quality of enterprises. On the basis of analyzing the influence mechanism, she found that the negative effects of rules of origin on export product quality will be exacerbated for those enterprises with low R&D capability and strong heterogeneity of intermediate products used.

The second half of the keynote speech was moderated by Professor Qiang Jianxin.Professor Zhu Shujin delivered a keynote speech on "How the Opening of High-speed rail on Common Prosperity Road Affects the Labor Pay Gap of Enterprises: Based on the perspective of Labor Market Structure". To a large extent, high-speed rail can promote the mobility of labor, especially improve the efficiency of mobility. From the mechanism point of view, how will the opening of high-speed rail affect the unity of the inter-regional labor market? The first is the inter-regional labor market structure, and the second is the intra-regional labor market structure. Therefore, the spatial effect of the opening of high-speed rail on the labor market structure can be further discussed.Professor He Shuquan, School of Economics, Shanghai University, delivered a keynote speech entitled "Research on the Impact of RTA Digital Intellectual Property Related Rules on Digital Service Trade".He believed that the depth of knowledge-intensive provisions has an impact on the export of knowledge services. Compared with the traditional model, the intellectual property intensive or intellectual property sensitivity of the digital economy is higher, which has a good enlightenment in promoting a high level of opening up in the digital economy era. Professor Liu Chong, School of Economics, Peking University, delivered a keynote speech "Beyond Trade Sector: Effects of the Trade War with a Textual Analysis". Based on text analysis, he proposed a new understanding of the potential consequences of trade shocks, which provides a new methodology for capturing trade costs, and then attempts to use this metric to examine the mechanism by which trade wars affect domestic firms through supply chain adjustments. Professor Li Chunding, Director of the Institute of International Economics and School of Economics and Management of China Agricultural University, delivered a speech entitled "Great Power Game, Geopolitics and Global carbon Emissions".He is concerned about how Sino-US economic and trade frictions and value barriers affect global carbon emissions and other issues. Through empirical research and quantitative simulation, he believed that there should not be such a competitive game or tariff war or non-tariff barriers between China and the US, which is detrimental to the global joint reduction of carbon emissions.

Keynote speech 2

The first half of the third keynote speech was presided over by Professor Lin Faqin, Director of International Agricultural Trade Research Center and School of Economics and Management, China Agricultural University.Professor Yu Zhen delivered a keynote speech on "Pilot Free Trade Zones and Biodiversity: Evidence from China".Through data explanation and characteristic facts, he found that the establishment of pilot free trade zones in China can significantly improve biodiversity, and the next step is to accelerate the process, adjust the structure and optimize the layout.Professor Shen Guobing focused on building the "Belt and Road" and reshaping China's global industrial chain and supply chain path. Based on the general equilibrium model and its quantitative evaluation, he examined the conduction effect of the "Belt and Road" through the upstream and downstream paths of the chain at the unilateral, bilateral and multilateral levels. Professor Li Lei's speech was entitled "Irrigating Desert Flowers: Empowering African Women with Chinese Investment". His research found that China's non-OFDI has promoted the ideological cognition and social practice of gender equality, and also reflected the heterogeneity of industry, the heterogeneity of masculinity and femininity, and the intergenerational characteristics. Researcher WangZhongmei gave a talk on "Small Multilateralism, US-style Alliance and Sino-US Competition". She believed that there is a need to understand that true multilateralism is used to solve common problems, and there should be a more open multilateralism, that is, precise issues, vertical integration and strategic objectives.

The second half of the third keynote speech was presided over by Liu Junmei, Associate Dean of the School of Economics of Fudan University and associate professor of the Institute of World Economy. Lu Yue, Executive Dean of the Institute of Global Innovation and Governance of the University of International Business and Economics and professor of the School of International Economics and Trade, delivered a speech on "Dual e-commerce platforms and exports of Chinese Enterprises". She pointed out that the role of the dual platform for exports will be stronger than the role of a single international market, and the role of the international platform will be stronger than the role of a single domestic platform, and also explained the possible internal mechanism from the scale effect and intermediate effect. Professor Dai Mi, BNUBS, delivered a keynote speech entitled "Tariff Reduction, Import Share and Consumer Welfare Distribution". From a consumption and cost-of-living perspective, he explored how much of an improvement in consumer welfare the tariff reduction would bring and how it would be distributed among different income groups. After the introduction of import quotas, we will find that the distributional effect of tariff reduction changes from benefiting the poor to benefiting the rich, so we should pay attention to the corresponding distribution problem while further expanding imports. Zhu Kunfu, Associate professor of the School of Economics of Renmin University of China, gave a speech on "The Country Structure of Foreign Investment Exposure and Industrial Chain Security". As for the country structure of foreign capital exposure, the first is how fungible and important the production tasks are in the industrial chain are; The second is the concentration of foreign capital sources. He found that when the United States and its Allies are considered, the proportion of exposure is high and the change in concentration is even more significant.

Keynote speech 3

The closing ceremony was presided over by Wang Haicheng, Associate Professor of BNUBS. Professor Shen Guobing concluded the meeting. He believed that everyone had conducted a heated discussion on "new changes in the world economy and building a higher level of open economy", and he expressed his gratitude for the diversity, richness and innovative research results brought by everyone. As the organizer of the next academic forum, Professor Xie Shenxiang introduced the history and development of Shandong University of Finance and Economics, and said that he would surely run the conference well and let all attendees feel the hospitality of Shandong. He extended an invitation to all guests and looked forward to meeting them in Jinan next year!

Group photo of the closing ceremony guests

Provided by Scientific Research Office

Edited by Wang Haicheng, Kong Haiyang and Sun Yue

Reviewed byCai Hongbo