On July 19th, the first "Chinese-style Economic Modernization Forum: Low Carbon, Efficiency, Inclusiveness, Growth, and the International Basic Science Conference Satellite Meeting on 'Digital Economy and Artificial Intelligence Basic Theory and Applications'" was held at the Zhongguancun Campus of the University of the Chinese Academy of Sciences. This forum consisted of 7 keynote speeches and roundtable discussion sessions. It invited top scientists and renowned scholars from both domestic and international backgrounds to deliver speeches. With a vision of low carbon, efficiency, inclusiveness, and growth, the forum aimed to actively address various risks and challenges. It explored how low-carbon transformation can promote economic growth that is both efficient and inclusive. The forum also focused on scientific issues related to digital economy theory, artificial intelligence technology, large-scale models, and applications. It sought to find new drivers for economic growth and further promote the intersection of low-carbon transformation, inclusive growth, artificial intelligence, and economic management disciplines. The goal was to enhance the efficiency of original innovation in relevant fields. The forum took place throughout the day, with a combination of online and offline sessions, and it attracted a total of 150,000 viewers through various livestream platforms.

The forum invited numerous domestic and international experts and scholars, including (in alphabetical order of their surnames in English and Pinyin):

Nobel Laureate in Economic Sciences and Professor at the Stern School of Business, New York University, Robert F. Engle.

Dean of the School of Economics and Management at Beihang University, Fan Ying.

Academician of the Chinese Academy of Sciences and Researcher at the Institute of Mathematics and Systems Science, Chinese Academy of Sciences, Guo Lei.

Dean of the School of Economics and Management at the University of Chinese Academy of Sciences, Hong Yongmiao.

Senior Vice President and Chief Economist of the Environmental Defense Fund, Suzi Kerr.

Executive Dean of the School of Economics and Management at the University of Chinese Academy of Sciences, Li Jianping.

Researcher at the Development Strategy and Regional Economic Research Department of the Development Research Center of the State Council, Li Shantong.

Distinguished Professor of Statistics at Purdue University, Lin Gongjin.

Assistant to the President of the University of Chinese Academy of Sciences, Lin Xiao.

Senior Economist at the Environmental Defense Fund, Oleg Lugovoy.

Vice President and Chief Representative of the Beijing Office of the Environmental Defense Fund, Qin Hu.

Director of the Forecasting Science Research Center at the Chinese Academy of Sciences and Chairman of the Academic Committee of the School of Economics and Management at the University of Chinese Academy of Sciences, Wang Shouyang.

Vice Dean of the Big Data Research Institute and Dean of the Institute of Energy and Carbon Neutrality Strategy Research at Fudan University, Wu Libo.

Academician of the Academia Sinica, Taiwan, and Professor at the University of Southern California, Xiao Zheng.

Deputy Editor-in-Chief and Director of the Editorial Office of "Bulletin of the Chinese Academy of Sciences," Yang Liuchun.

Deputy Director of the Institute of Automation, Chinese Academy of Sciences, Zeng Dajun.

Visiting Professor at Tianjin University, Zhang Wei.

Professor at the School of Economics and Management at the University of Chinese Academy of Sciences, Zhang Zhengjun.

Dean of the School of Economics and Wang Yanan Institute for Studies in Economics at Xiamen University, Zhou Yinggang. 

The forum was hosted by the University of Chinese Academy of Sciences and organized by the School of Economics and Management at the University of Chinese Academy of Sciences, the Forecasting Science Research Center of the Chinese Academy of Sciences, the Industrial Development and Environmental Governance Research Center at Tsinghua University (CIDEG), the China Energy Model Forum (CEMF), the National Natural Science Foundation Basic Science Center for Econometric Modeling and Economic Policy Research, the Ministry of Education's Philosophy and Social Science Innovation Research Base on Digital Economic Monitoring, Forecasting, Early Warning, and Policy Simulation, and co-sponsored by the "Bulletin of the Chinese Academy of Sciences."

Opening Ceremony

The conference's opening ceremony was hosted by Li Jianping, the Executive Dean of the School of Economics and Management at the University of Chinese Academy of Sciences. During the opening ceremony, speeches were given by Lin Xiao, the Assistant to the President of the University of Chinese Academy of Sciences, Suzi Kerr, Senior Vice President and Chief Economist of the Environmental Defense Fund, and Wang Shouyang, Director of the Forecasting Science Research Center of the Chinese Academy of Sciences.

In his speech, Lin Xiao introduced the hosting of the International Basic Science Conference, emphasizing the significance of the International Basic Science Conference satellite meeting with the theme of "Digital Economy and Artificial Intelligence Foundation Theory and Applications," hosted by the University of Chinese Academy of Sciences. He provided an overview of the University of Chinese Academy of Sciences, highlighting the institution's efforts in promoting interdisciplinary research in digital economy and artificial intelligence, advancing educational and teaching reforms, and the achievements of the School of Economics and Management at the University of Chinese Academy of Sciences in the fields of digital economy theory, artificial intelligence technology, policy simulation, and digital transformation. He also discussed the school's contributions to business decision-making, industry development, and national policy formulation, and called for collaboration among all stakeholders to advance breakthroughs in the foundation of digital economy and artificial intelligence science.

Speech by Lin Xiao

Suzi Kerr pointed out in her speech, that this conference has provided an excellent platform for discussing the global transition to green and digital economies. She expressed the hope to establish a more inclusive society where people and nature can coexist harmoniously, achieving prosperity and sustainable development. All of these goals require collective discussions and actions from everyone involved.

online speech by Suzi Kerr

In his speech, Wang Shouyang pointed out that the conference's theme, focusing on the basic theory and applications of digital economy and artificial intelligence, aligns well with the current needs and strategic tasks of China's economic and social development. He emphasized how digital economy and artificial intelligence are increasingly integrated into all aspects of economic and social development, profoundly changing production relationships, lifestyles, and modes of social governance. These technologies are expected to play a significant role in the process of achieving China's unique style of economic modernization. He expressed anticipation for fruitful discussions and open sharing of ideas during the conference, aiming to accumulate valuable experiences for the theory and practice of China's economic modernization and achieve constructive and outstanding results.

Speech by Shouyang Wang

Li Jianping hosted the opening ceremony.

During the opening ceremony, the launch ceremony of the China-style Economic Modernization Forum was held, with Hong Yongmiao representing the organizers to introduce the background, purpose, and plans of the forum. The vision of the China-style Economic Modernization Forum is centered around "low-carbon, efficiency, inclusiveness, and growth." It plans to be held annually and aims to gather talents from all sectors. The forum will strengthen domestic and international academic cooperation and exchanges through hosting academic seminars, collaborative research, report and product releases, and resource sharing. It seeks to collectively promote scientific research and practical actions related to China-style economic modernization, actively address various risks and challenges, and make a greater contribution to the high-quality development of China's economy and global economic modernization. Hong Yongmiao, Lin Xiao, Guo Lei, Wang Shouyang, and Qin Hu jointly launched the China-style Economic Modernization Forum.

Hong Yongmiao introduced the background, purpose and plan

Forum Launching Ceremony

Keynote Speeches

During the keynote speeches, Prof. Robert F. Engle, Ms. Suzi Kerr, Academician Guo Lei, Prof. Zhang Wei, Researcher Zeng Dajun, Prof. Lin Gongjin, and Prof. Hong Yongmiao delivered wonderful academic presentations.

The first keynote speech was hosted by Prof. Zhang Zhengjun. Prof. Robert F. Engle gave a speech on the topic of "Have Capital Markets Forgotten Sustainability? Portfolios, Greenwashing, Stress Testing, and Long Run Risk" and Ms. Suzi Kerr spoke on "Modeling to Support Global Climate Mitigation at Scale".

Online speech by Robert F. Engle

Online speech by Suzi Kerr

Zhang Zhengjun hosted  the speech.

The second phase of keynote speeches was hosted by Prof. Yang Cuihong. Academician Guo Lei gave a speech on "Theoretical Foundations of Intelligent Systems".

Speech by Guo Lei

Yang Cuihong hosted the speech

The third stage keynote speech was hosted by Yang Liuchun. Professor Zhang Wei gave a speech on "Complex Systems and Superlink Risks," and Researcher Zeng Dajun presented on "Domain-Specific Large Models, with a Focus on Financial Applications."

Speech by Zhang Wei

Speech by Zeng Dajun

Yang Liuchun hosted the speech

The fourth stage of the keynote speeches was hosted by Associate Professor Liu Ying. Professor Lin Gongjin gave a speech on "Data Management & Data Science," and Professor Hong Yongmiao presented on "Forecasting Inflation Rates Using a Large Panel of Individual Stock Prices."

Speech by Lin Yongjin

Speech by Hong Yongmiao

Liu Yin hosted the speech

Roundtable Forum

The roundtable forum session was moderated by Researcher Wang Shouyang and featured discussions with Professor Fan Ying, Researcher Li Shantong, Mr. Oleg Lugovoy, Professor Wu Libo, and Professor Zhou Yinggang on the "Development Strategy of the China-style Economic Modernization Forum."

Mr. Oleg Lugovoy emphasized the importance of transitioning to a low-carbon energy system. He highlighted the need to establish energy models to understand future energy supply and demand, find economically viable paths to replace fossil fuels with renewable energy sources, and use low-carbon energy transformation to drive economic development.

Professor Fan Ying stated that low-carbon policies should consider China's current economic characteristics and marketization level. Market mechanisms should be better utilized to channel funds from across society into green, low-carbon, and high-quality growth, thereby achieving low-carbon, inclusive, and efficient economic growth.

Researcher Li Shantong mentioned that China's modernization needs to manage the "six relationships": top-level design and practical exploration, strategy and tactics, adhering to tradition and innovation, efficiency and fairness, vitality and order, self-reliance and opening up. This requires a careful study of foreign modernization experiences and lessons, exploration of regularities, and improvement of the ability to deal with various risks based on the exploration of regularities.

Professor Wu Libo emphasized the need for optimal adaptation between low-carbon energy systems and digital infrastructure, such as the integration of data and computing. Coupling research between macro models and micro mechanisms will also be an important direction in climate research.

Professor Zhou Yinggang discussed the relationship between China-style economic modernization and inclusiveness from an inclusive perspective. Concepts like common prosperity, harmonious coexistence of humans and nature, and pursuing a peaceful path are closely related to inclusiveness. Professor Zhou also mentioned that in the future, China should explore a path of autonomous, orderly, stable, and secure financial opening to safeguard the development of China-style economic modernization.

Roundtable Forum

In addition, Professor Duan Hongbo from the School of Economics and Management at the University of Chinese Academy of Sciences, on behalf of the Carbon Neutral Economics Research Team, launched the "3E Carbon Neutrality Public Welfare Platform." This platform provides a comprehensive climate economic assessment model and a corporate carbon calculator, and it is completely open for public access. Since its launch, the platform has accumulated over 600,000 visits.

The "3E Carbon Neutrality Public Welfare Platform" published