Watson Events

Hong Yinxing -- Innovative Development of China's Future Economy

"Innovative Development of China's Future Economy," with Hong Yinxing, Chancellor of Nanjing University.

Cosponsored by the Department of Economics, the Office of International Affairs, the Rhodes Center for International Economics and Finance, the Watson Institute for International Studies, and the Year of China.

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 will focus on role of domestic consumption, equality of income, technological innovation, and structural changes of the economy.

Professor Hong Yinxing was born in Jiangsu Province, China. He graduated from the Department of Foreign Languages at Nanjing Normal University in January, 1976. He received his Master’s Degree in Economics from Nanjing University in October, 1982 and his Ph.D. in Economics from Renmin University of China (Beijing) in 1987. He is now Chancellor, and Professor in the Business School, of Nanjing University.

Outside Nanjing University, Professor Hong also serves as Director of both the Jiangsu Development Institute and the Center for Yangtze River Delta’s Socioeconomic Development. He is a member of the Theoretical Economics Discipline Appraisal Group of the Academic Degree Committee of the State Council, the Standing Committee of Jiangsu Provincial People’s Congress, the Economy and Trade Committee of Jiangsu Provincial People’s Congress, the Social Sciences Commission of the Ministry of Education, and Chair of the Jiangsu Federation of Philosophy and Social Sciences. He also serves as Deputy Chief Editor for the Economist and Vice-Chair of the Chinese Society for Research journal, the Capital.

Professor Hong specializes in theory and policy of economic operation mechanisms, economic development and macroeconomics. He has received several awards from the Ministry of Education and the Central Government. In 2000, he visited the U.S. on a Fulbright fellowship; during this time he delivered speeches on China’s Economy and China’s Economic Opening Up in many universities including: the UC, Duke, Yale and John Hopkins. In 2001, editors of the magazine Chinese Market selected Professor Hong as one of twenty-five economists who have had a substantial influence on China’s market economy.


Location: Joukowsky Forum, Watson Institute, 111 Thayer Street.