The Tsinghua Wudaokou Chief Economists' Forum was held in Beijing. Former Vice Minister of Finance Zhu Guangyao delivered a keynote speech on changes in the global economic landscape and industrial structure. Zhu Guangyao said that after the COVID-19 pandemic, the global economy began to slowly recover, but the recovery fell far short of expectations, and far below the average annual growth rate of 3.8% of the global economy in the 20 years before the COVID-19 pandemic. Facing the current Sino-US relationship, Zhu Guangyao believes that first, we must return to multilateralism, return to the G20 framework, have new innovations under the new situation, and also have long-term strategic plans for development, and at the same time overcome short-term difficulties. Furthermore, assets related to the digital economy, including cryptocurrencies, have undergone major policy evolutions in Western countries, especially the US, since this year. Under such circumstances, it is worth paying attention to how the country faces up to problems and challenges and develops new types of productivity.

The Tsinghua Wudaokou Chief Economists' Forum was held in Beijing. Former Vice Minister of Finance Zhu Guangyao delivered a keynote speech on changes in the global economic landscape and industrial structure. Zhu Guangyao said that after the COVID-19 pandemic, the global economy began to slowly recover, but the recovery fell far short of expectations, and far below the average annual growth rate of 3.8% of the global economy in the 20 years before the COVID-19 pandemic. Facing the current Sino-US relationship, Zhu Guangyao believes that first, we must return to multilateralism, return to the G20 framework, have new innovations under the new situation, and also have long-term strategic plans for development, and at the same time overcome short-term difficulties. Furthermore, assets related to the digital economy, including cryptocurrencies, have undergone major policy evolutions in Western countries, especially the US, since this year. Under such circumstances, it is worth paying attention to how the country faces up to problems and challenges and develops new types of productivity.