Yao Yang, President of Peking University Development Institute, will attend the 2021 Sohu Finance Summit to explain the "new driving force of consumption"

The 2021 Sohu Finance Summit will be held on November 30, and Yao Yang, Dean of the National Development Research Institute of Peking University, will attend and deliver a keynote speech entitled "New Economic Cycle and New Driving Force of Consumption".

Yang Yao graduated from the Department of Agricultural and Applied Economics of the University of Wisconsin in 1996 with a Ph.D. in Development Economics. Since 2010, he has been the director of the China Economic Research Center, and in November 2012, he was appointed as the dean of the National Institute of Development Research of Peking University.

Yao Yang's research field is China's economic development, and he has participated in the formulation and consultation of national macro policies for many times. Yao Yang believes that there is no need to worry about the current downward pressure on the economy. He expects the economy to grow at around 8.5 percent for the full year.

For the future of China's economic prospects, Yao Yang said: "The next 10-30 years, is China's highlight era in the field of technology, we want to return to the world's technological frontier, the world's best investment place is still in China." ”

Yao Yang believed at this year's EMBA Forum of the North China Development Institute that AI technology and automation are the main force of global technological progress in the coming period, and if so, this time China must be a leader on the cusp of the storm, which is the first time for China.

Consumption is the driving force for economic growth and the foundation for promoting economic development and stability. Yao Yang believes that to increase domestic consumption, the focus is on adjusting the consumption structure.

In the new economic cycle, what characteristics will domestic consumption show? Yao Yang will bring us the answer at the 2021 Sohu Finance Summit.

In addition, the summit invited Xiao Gang, Zheng Xinli, Wang Yiming, Xu Shanda, Xue Lan and many other political and academic elites. These heavyweight guests will discuss the coordinated development of the financial industry and the manufacturing industry, the opening up of internal circulation blockages, fiscal and tax arrangements to promote technological progress, and innovation in the post-epidemic era in the morning session of the summit.

In the transformation of new and old kinetic energy, new consumption formats such as new catering and new national tide are moving against the wind and thriving. A group of post-80s and post-90s entrepreneurs, with their unique vision and characteristics, explore and shape the business model of the "new generation". In the afternoon session of the summit, a number of well-known independent brand companies and "new consumption" leaders will bring wonderful speeches based on their own experience.