Chinese / English
Remarks at the 3rd Great Minds China Forum


Jiang Chuanhai

(Vice President of Shanghai University of Finance and Economics)


Distinguished experts and guests:

Good morning!

First of all, welcome and thank you for attending the Third Great Minds China Forum co-organized by National Economics Foundation (NEF) and School of Economics, Shanghai University of Finance and Economics(SUFE). The forum today gathers influential economists and experts from both China and abroad, as well as some rising talents in the international academic arena. With our in-depth discussion today on development and innovation of economics in the post-crisis era, we believe there will be a grand feast for thought. Meanwhile, many thanks go to NEF for organizing the forum at our university today; this year marks the 100th anniversary of SUFE, and certainly the forum today will be an outstanding part of our anniversary celebration.

SUFE has gone through quite ups and downs over the past century. In the process of running the university, we gradually clarified the school motto of “strive for virtue and knowledge, assist in economy and governance” and the school management philosophy of “face the society, stay pragmatic, take hundreds of years to educate people and govern and benefit the country”. We emphasize the crucial strategic requirements to serve China’s economic and social development while propelling cutting-edge theoretical studies and constructing a first-class talent cultivation system. With years of efforts in reform and development under the leadership of Dean Tian Guoqiang, we enabled our advantageous economic courses to approach closer to the international leading level, and we are delighted to see that the ranking of our economic discipline is gradually rising on Tilburg University Rankings, QS World University Rankings and Shanghai Jiao Tong University’s ARWU (Academic Ranking of World Universities).

Theses achievements are realized against the backdrop of overall development of economic discipline construction in Chinese universities; in particular, our counterparts from Peking University, Tsinghua University, Fudan University, Wuhan University, Xiamen University, etc. are all making significant progress in internationalization-oriented economic discipline construction and talent cultivation, and we have all made key contributions to building up the discipline system, theory system and discourse system as well as striving for a stronger academic discourse power in the international community. The development of Chinese economics needs all different schools of thought to flourish together rather than one of them thriving alone, and it requires benign competition instead of zero-sum game. We believe that with the advance of China's "double first-class" construction, there will emerge a group of world-class economic disciplines, echoing with not only the international academic frontiers but also China’s national strategies.  

The theme today perfectly suits our national strategies. During the 13th Five Year Plan period, the most distinguished feature of our economy is the new normal. As the ancient Chinese saying goes, “A wise man changes as time and circumstances change.”In the post-crisis era with the sluggish global economic recovery, both developed and developing countries are faced with a new round of difficulties in growth. The new normal means differently for developed and developing nations, and especially it has unique meanings for China. Clarifying the economic significance of the new normal helps us see clearly the current problems and new challenges, and there will be a new round of reforms that we need to carry out, which will run throughout the future economic growth. People are trying to explain the status quo and foresee the future with different trends and schools of economic thoughts, and I think this should be an important part in line with the theme of today's forum —"Post-crisis economic reflections: perspectives from different schools of thought", and I believe a lot of inspiring thoughts and insights will be generated today focusing on this theme.

Finally, I would like to thank all the experts for your care, guidance and support for SUFE, and I wish the forum a complete success! Tomorrow is China's Dragon Boat Festival, and I wish all the guests and audience present a very happy holiday!

Thank you all!


◆please indicate the source if authorized: National Economics Foundation

◆photo:National Economics Foundation