The closed-door seminar of the 50-person Forum on Global Economic Governance, which focused on 'China-U.S. Relations in the U.S. Election Year,' was successfully conducted

On March 23, the first closed-door seminar of the 50-person Forum on Global Economic Governance in 2024 was held in Financial Street. The seminar, which focused on "China-U.S. Relations in the U.S. Election Year," featured keynote speeches by Nicholas Lardy, senior fellow at the Peterson Institute for International Economics and senior fellow at Yale University; Douglas Peterson, President and CEO of S&P Global; Peter Jungen, Chairman of Peter Jungen Holdings Co., Ltd.; and Li Cheng, founding director and professor of the Center for Contemporary China and World Studies at the University of Hong Kong. The seminar was hosted by Zhu Min, founder of the 50-member Forum on Global Economic Governance and former Vice President of the IMF. More than 30 guests attended the meeting, including expert members of the 50-member Forum on Global Economic Governance, and teachers and alumni representatives of Tsinghua University PBC School of Finance.

From left to right: Zhu Min, Nicholas Lardy, Douglas Peterson, Peter Jungen, Li Cheng.

The US election, artificial intelligence, and Sino-US relations are the keywords of this closed-door seminar. First, Nicholas Lardy analyzed the nature of U.S. policy toward China from an economist’s perspective. He believes that the U.S.'s policy in the economic and technological fields is shortsighted and overlooks long-term costs, which could accelerate China's move toward self-reliance, thus affecting U.S. companies and employment. Douglas Peterson discussed five key areas: financial markets, trade flows and supply chains, digitalization and artificial intelligence, the green economy, and demographic structure. He suggested that China and the United States should strengthen cooperation in data, artificial intelligence, and the green economy, as these sectors could bring about disruptive transformations across various industries and face a significant funding gap in green financing. Peter Jungen addressed the dynamics between China and the U.S. in terms of current challenges, globalization, technology and entrepreneurship, and artificial intelligence. He remarked that the rapid development of artificial intelligence poses a major challenge and is an important factor influencing humanity. He emphasized that China, the United States, and other countries have common interests and must consider the future development of humanity. Li Cheng discussed the interplay of competition and cooperation between China and the U.S., focusing on two significant events: the U.S. election and the Munich Security Conference. He highlighted three key issues: artificial intelligence and governance, warfare, and financial markets. Following the presentations, the guests engaged in a lively discussion on topics including the long-term economic impacts of U.S. policies on China, the EU's trade policy towards Chinese electric vehicle exports, the TikTok incident, the development and cooperation in artificial intelligence, and higher education in China and the U.S. This conference was hosted by the 50-person Forum on Global Economic Governance and held at Tsinghua University PBC School of Finance. The "50-person Forum on Global Economic Governance" is dedicated to conducting independent, forward-looking, and academically supported policy research on improving and reforming the global economic governance system, offering solutions for China to better engage in global economic and financial governance.