Annual Report 2017 Founded in December 2015, the Center for New Structural Economics at Peking University (CNSE) Was Officially Upgraded to an Institute, I.E

ANNUAL 2017 REPORT

Institute of New Structural Economics at Peking University Annual Report 2017 Founded in December 2015, the Center for New Structural Economics at Peking University (CNSE) was officially upgraded to an institute, i.e. the Institute of New Structural Economics at Peking University (INSE), in December 2017. The INSE is committed to indigenous theoretical innovations based on the development experiences of China and other developing countries and strives to become a leading academic research centre on international development and a world-class flagship think tank.

To deepen the research, application, and extension of New Structural Economics, the INSE works rhythmically on areas including fundamental academic research, talent cultivation, team development, database construction, think-tank practices and academic exchange. The INSE is devoted to helping young scholars, students, government officials, and industrial titans in China and other developing countries who want to contribute to the economic development of their own nation. The INSE helps these individuals to acquire the theoretical and practical mastery of New Structural Economics, while at the same time untangling their minds from the constraints of mainstream development theories based on prerequisites and those experiences of western countries, and to instead explore a tailored promising path for the modernization of their own country.

Advocating the academic code that “knowing and achieving being one”, New Structural Economics (NSE) emphasizes the combination of theoretical innovation with practical results. New Structural Economics opposes the notion that theory serves solely as a critical weapon, and instead upholds that “a good theory is the one that truly helps people understand the world and to build a better world”.

The core value and research perspective of New Structural Economics coincide with what President Xi Jinping advocated for and addressed at the UN General Assembly on September 26th, 2015 and at the UN High-Level Roundtable on the South- South Cooperation that, “Countries should formulate national development strategies according to their own endowments” and “Each country should give play to their own comparative advantages”. The purpose of the INSE reflects exactly President Xi’s announcement that “China would establish a knowledge center for international development and join hands with other countries to research and exchange ideas on development theories and practices tailored for their respective national conditions”.

The INSE takes on academic research as its cornerstone and think-tank practices as its pivot, and advocates a team culture featuring “professionalism, partnership, people, pace, passion, and publication”. The INSE comes up with research on critical issues regarding development strategies, institutions, policies, and fundamental theories based on developing countries’ practices in economic development and transformation. The INSE serves to explore and discover the general rules for international development with its comprehensive expertise, global top talents, and policy advisory, while integrating theory and practice so as to make contributions to the improvement of knowledge and welfare of the mankind, the rejuvenation of Chinese nation, and the enhancement of China’s cultural soft power. Words from the Dean

In 2017, the Center for New Structural Economics, with the support of Peking University, had developed and upgraded into what is now known as the Institute of New Structural Economics (INSE).

Advocating the norm of “Actual achievements justify the true knowledge”, the academic code of “Knowing and achieving being one” and the development model of “Small Institute, Big Network”, the INSE has been devoted to inspire and facilitate the exchange of ideas and thoughts and pioneer its way to practical success through unremitting efforts.

This annual report records the footsteps of the young institute. In terms of theoretical innovation and extension, the INSE has made great headway in academic studies, talent development, and international exchanges. The INSE has provided not only the intellectual and policy support that has facilitated domestic local economic restructuring and upgrading but also guided other developing countries into exploring the modernization of roads suitable for their own conditions. The cooperation network of the INSE has expanded both domestically and Professor Justin Yifu Lin internationally. As sub-centers of the INSE are making their Dean, Institute of New Structural Economics way into many Chinese universities, the INSE aspires to be at Peking University an influential think-tank with a global vision that is bolstered by the Global Research Consortium for Economic Structural Transformation (GReCEST).

The aim of theories is to understand the world and reshape the status quo. Theories feasible for one country may not be feasible for another. The intelligentsia form developing countries should get to the bottom of the structures and conditions of their nations in order to propose their own lines rather than copy the Western theories indiscriminately.

The establishment of CNSE/INSE creates the opportunity for a new trail in China’s philosophy and social sciences. The INSE expects more students to join in indigenous theoretical innovation and make their due contributions to the great rejuvenation of the Chinese nation and to the development and prosperity of other developing countries. Contents

01 Our Team 1

02 Academic Progress 9

Teaching of New Structural Economics 10 New Structural Economics Academic 18 New Structural Economics Symposium 11 Team Meeting (Summer School/ Winter School) CNSE-BICMR Discussion Group 19 International Conference on New Structural 12 Academic Exchanges and Conferences 20 Economics Researches and Publications 22 NSE Special Research Fund 13 Monographs 22 New Structural Economics Seminars 14 Paper Publications 22 New Structural Economics International 16 Working Papers 24 Development Forum Research Projects 25

03 Think Tank Practices 26

Domestic Projects 27 Benin: Developing Industrial Parks to Seize 30 Jilin Province: Research on Jilin’s Economic 27 Opportunities for Economic Transformation and Structural Transformation and Upgrading Development Tibet: Research on the Development of Tibetan 27 Pakistan: Supporting the Construction of 30 Characteristic Industries China-Pakistan Economic Corridor Guangzhou City: Supporting the Landing of 28 Ethiopia: Africa Development Transformation 31 B&R Landmark Projects Research and Investment Program of Bill & Melinda Gates Foundation Zhongshan City: Research on Industrial 28 Transformation and Upgrading Research Poland: Application of New Structural 31 Economics in Poland’s Economic Development Henan Province: Strategic Cooperative 28 Research on Manicipal Economic Restructuring Think Tank Reports 32 and Upgrading Participation in Global Governance 33 International Projects 29 Symposium on Structural Transformation and 33 Supporting Economic Transformation - Survey 29 and Upgrading for the World Economy: Theory, of Chinese Manufacturing Firms Plan and Opportunity for China Nigeria: Building Special Economic Zones 29 Leading from the South: Development Financial 33 to Drive Structural Transformation: From the Institutions and Green Structural Transformation Perspective of NSE The 2nd Annual Meeting of GReCEST 33

04 Small Institute, Big Network 34

NSE Research Network 35 Branch Centers for New Structural Economics 35 Parternship with Domestic and International 35 Institutions

05 External Exchanges & Communication 37

06 Concluding Remarks 49 01 Our Team Our Team 2 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport Justin YifuLIN Department of Treasury, Federal ReserveBank, People’s Bankof China, andKoreanInstitute of Finance. IMF, policy institutionsincluding World Bank, AsianDevelopmentUSDepartmentof State, US Economics Structural New on Debates and Thinking including books of several is theauthor He EconomicReview. for China Economics, etc. and also servesasaguesteditor Monetary of Journal Economics, Development of on Journal papers publishes He (2010-2011). Bank at theWorld fellow research was aresident trap. He structural change, industrydynamics, industrial policies,China’sstate capitalism, andmiddle-income topics include recent research His Economies. India and Economy, China Political Macroeconomics, Development, are Growthand fields Prize inPriceTheory.Hisresearch Lee the MartinandMargaret where hewon a Ph.D.fromUniversityofChicago, Heobtained Structural EconomicsatPekingUniversity. Yong Wangis an AssociateProfessorof Economics andAcademicDeputyDeanof the Institute of New British AcademyandaFellowoftheSciencesforDevelopingWorld. ence (CPPCC)andViceChairmanof CPPCC EconomicCommittee.Heis Fellow of a the Corresponding Confer- Consultation Political People’s Committee, Chinese of theStanding a member the StateCouncil, New Structural Economics: A Framework for Rethinking Development and Policy, etc. He isa councilor of Quest for Prosperity: How Developing Economies Can Take Oﬀ, Demystifying the Chinese Economy, and The Recession, Great the on Reﬂections Consensus: the Against Countries, Developing Jump-Starting from UniversityofChicagoin1986.Heistheauthormorethanthirtybooksincluding Ph.D. inEconomics 1994. Heobtained University for15yearssince at Peking (CCER) Research nomic for Eco- Centre of theChina Professor and Director as Founding served to this,Prof.Lin Prior 2008-2012. and ChiefEconomistoftheWorldBank, Vice President University. HewastheSenior opment atPeking and HonoraryDeanof Institute National Schoolof and Development of Devel South-South Cooperation of of theInstituteNewStructuralEconomics,Dean Justin YifuLinisaProfessorofEconomics,Dean Social Sciences). and Achievements inInstitutionsofHigher Education(Humanities Science Research for Outstanding FundundertheMinistryofEducation.HewasgrantedThirdPrize ofthe7thAward Sciences Research Social and the Humanities and Foundation Science Natural those oftheNational including level, provincial Economics, etc. He headedseveralresearchprogramsat the national,ministerialand of Journal and Microeconomics, Journal of Public Economics, Economic Inquiry, Energy Economics, Economics Letters Journal: Economic in American articles academic He haspublished economy. Chinese and economics, theory, behavioral regulation economics, incentive and marketdesign,industrial mechanism include Jianye YanreceivedaPh.D.degreefromToulouseSchoolof Economics.Hisresearchinterests Jianye YAN Yong WANG Jiajun XU bouti andNigeria.XuholdsaDPhil(PhD)fromtheUniversityofOxford. Dji- such asBenin, countries in developing structural transformation to achieve zones economic special projectsaimedatleveraging development University Pressin2017.Shehasledseveralpolicy-oriented by Cambridge was published Development in International US Hegemony Beyond monograph academic Report (2015).Her Financing and theleadauthorofGlobalDevelopment Economic Review itor ofChina DevelopmentandInstituteofStudiesBulletin. She istheguested- ofInternational Journal as such development international of field the in journals academic top in published has She ernance. gov- economic global and parks industrial financing, development on focuses research Her (GReCEST). on EconomicStructuralTransformation as theGeneralSecretaryofGlobalResearchConsortium Economics atPekingUniversity.XuworkedintheUnitedNationsandWorldBankcurrentlyacts Structural of theInstituteNew Dean Deputy the Executive Xu isanAssistantProfessorand Jiajun Executive DeputyDean&AssistantProfessor Faculty andAcademicResearch (Peking UniversityPress).Yongwasfrequentlyinvitedtopresent hisresearchat Associate Professor Academic DeputyDean,AssociateProfessor&Ph.D.Advisor Dean ofInstituteNewStructuralEconomicsatPekingUniversity Beating theOdds: - applied econometrics,urbaneconomics andChineseeconomy. Xiao KereceivedaPh.D.degree inEconomicsfromXiamenUniversity.Herresearchinterestsinclude Xiao KE interrelationship betweeninternationaltrade,labormarketandstructural transformation. on the focuses mainly research her Currently, economics. labor and economics trade, development international in 2011. Herresearchinterestsinclude and StatisticsfromPekingUniversity in Economics degree Boulder in2016andherbachelor’s Xin WangearnedherPh.D.fromtheUniversityofColorado Xin WANG Chinese economy-allbasedonmacromodels. financial distortion,tradefriction, industrial upgrading,incomedistributionandothertopicsrelevantto the fields areMacroeconomics,MacroFinance,andInternationalTrade. His currentresearchinterestsinclude His research California. of Southern from theUniversity in Economics hisPh.D.degree Xia obtained Junjie Junjie XIA economics. monetary and contract, assetpricing of dynamic focuses onstudies He currently Macroeconomics. Shenzhe JiangobtainedhisPh.D.fromTexasA&MUniversityin2017.Hisresearchisthefieldof Shenzhe JIANG macroeconomics andfinance. in and macroeconomics.Hefocusesontimeseriesfunctionaldataanalysis,theirapplications econometrics interests include research His primary Bloomington. University, from Indiana Economics in Bo HujoinedtheInstitute of New StructuralEconomics at Peking Universityin2017.HeobtainedhisPh.D. Bo HU Journal, European Economic Review, American Economic Theory, American Economic Journal: Journal: Superpower Economic Economic American an of Theory, Making The Economic Macroeconomics. Hismonographsinclude American Review, Economic European Journal, of Economic Theory, of Monetary Economics, Journal Review of Economic Studies, Journal Economic published more than 40 academic articles in the forefront of economics journal, such as Quantitative EasingPolicy, Developing PoliticalEconomy and China’sMacroeconomy,etc. He has under rational expectations, the MicroBasis and Dynamic General Equilibrium of Monetary Policy and Revolution (TsinghuaUniversityPress,2016). China Multiple EquilibriumandMarketFailure in Dynamic Optimization, Assetbubblesthat self-actualize field isMacroeconomics.HisresearchtopicsincludeBusinesscycleandeconomicfluctuationtheory, Program” expert.HereceivedhisPh.D.inEconomicsfromUniversityofIowa1996.Hisresearch Vice PresidentofFederalReserveBankAmerica(St.LouisBranch),Chinesenational“Millennium Yi WenisavisitingprofessorattheInstituteofNewStructuralEconomicsPekingUniversity,Assistant Yi WEN ’ ra China Industrialization(WorldBookIncPress,2016)andGreat Rapid of Secret s Assistant Professor Visiting Professor Post-doctorate Assistant Professor Assistant Professor Faculty andAcademicResearch Assistant Professor Institute ofInstituteNew StructuralEconomics ·2017Annual Report3 Econometrica, —— ’ Industrial s Unlocking

Our Team Our Team 4 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport each springsemester. Economics (Theory andPractice)at Peking Universityat Structural New to Introduction open courseon . Dr.Fualsogivean Study Case Economics Structural Upgrading, andNew and Restructuring Economic with Prof.JustinYifu Lin)including authored (co- papers andmonographs over 20 academic of nationalandlocalgovernments. Hehaspublished ones)aswellresearchprojects onthetransitionandupgrading post-doctoral Fund projects(including Science Social of National over anumber and hehaspresided University from Xiamen Ph.D. inEconomics construction atINSE. He holdsa for domesticthink-tankresearchanddiscipline Dr. Fuisresponsible of ConfuciusInstitutes,publishedbyPekingUniversityPressin2016. of Cross-Cultureis theauthor and communication on Cross-cultural papers Communication Management cultural Management,CasestudyonStructuralTransformation.She haswrittenanumberofacademic Cross- Communication, Cross-cultural in interest lies research of theU.S.Her University from theFordham University, amasterdegree at Peking Communication and of Journalism from theSchool a Ph.D.degree Xi ChenisaresearchfellowandtheChiefOfficer of theInstituteNewStructuralEconomics.Sheholds Caihui FU Xi CHEN organization andindustrialpolicy. study ofindustrial trade, empirical international University in2012.Herresearchfieldsinclude Tsinghua degree inSciencefromtheDepartmentofPhysics, in2017,andabachelor’s Tsinghua University and Management, of Economics from theSchool her Ph.D.inEconomics received Dr. Zhengwen Ministry ofEducation. and participated in several national social science fund projects and a few key projects under the papers, presidedovertwoNationalYouthScienceFundProjects(includingonepost-doctoralproject), fields include Spillover Effect of Monetary Policy and Financial Structure. He has published a dozen Economics fromtheSchoolofandManagement,WuhanUniversityin2016.Hisresearch Zirong YangisawinnerofBoyaPostdoctoralFellowshipatPekingUniversity.HereceivedhisPh.D.in Zirong YANG Economics. SheisparticularlyinterestedinDevelopmentStrategyandInequality. Industry Trade and International Structural Economics, on New focuses University. Herresearch Rutgers Xuemin receivedherPh.D. in Economicsfrom Renmin Universityof China. Shewasavisitingscholarin Xuemin TANG growth, innovation,Islamicfinanceanddevelopmentfinance. the fields of macroeconomics andnewstructuraleconomics.Hisrecent research focusesoneconomic interest liesin University. Hisresearch from Zhejiang his Ph.D.ineconomics Ren received Xiaomeng Xiaomeng REN Zhengwen LIU Research Fellow&ChiefOfficerofINSE Research Fellow Faculty andAcademicResearch Post-doctorate Domestic Think-tank Post-doctorate Post-doctorate Post-doctorate New Structural Economics: Where New, Report on Global on Report New,Where Economics: Structural New Provice), andZhongshan City(GuangdongProvince). City (Hebei inthink-tankprojectsTibet,JilinProvince,Hejian and upgrading.Shehasparticipated structure transformation industrial regional Currently, herresearch focusistheChinese policy. industrial economics,industrial structure transformation andupgrading, in developmenteconomics,population interest lies University. Herresearch Work atPeking her masterstudyinSocial Shuting Zhangfinished Province, HejianCity(HebeiProvince),andZhongshan(Guangdong Province). to facilitate of industrial restructuringandincluding Chinese localregionsincludingTibet, upgrading Jilin that aims projects domestic think-tank to several contributed in and He hasparticipated economy. China’s Economics,Macroeconomics, lies inAgricultural in2017.Hisresearchinterestmainly of China University from Renmin Development his master’sdegreeinRuralAreasandRegional Qiang Zhangobtained upgrading inChineseregions. industrial and transformation economic focuses on Shecurrently policies. industrial and market, inequality, labor structuralchange, development, are economic fields research Her in2016. of China University from Renmin Development Areas andRegional in Rural her master’sdegree received Ding Xinxin and MicroEnterpriseSurvey(CMES). several significant field projects including China Household Finance Survey (CHFS) and China Small microeconomics. Prior to joining the INSE, he gained rich field study experience as an investigator for His researchinterestmainlyliesininstitutionaleconomics,developmenteconomicsandapplied School ofEconomicsandanalumnusRonaldCoaseInstituteWorkshoponInstitutionalAnalysis. Jiewei Liobtainedhismaster’sdegreeinEconomics.HewasavisitingstudentatBarcelonaGraduate regulation andeconomicgrowth. environmental policy, and industrial structural transformation topics include research Current economics. 2016, she focuses her researchon new structuraleconomics,industrialandenvironmental in July her Ph.D.inEconomicsfromWuhanUniversity in China.Obtaining and structuralchange upgrading industrial team thataimstoenhance think-tank Li HuiworksatINSEasacorememberofthedomestic Structural Economics. projects. HisprimaryresearchfieldsareLand-useRightTransfer,FactorIncomeDistribution,andNew Science Fund Projects, National Natural Science Fund (Key) Projects and local government think tank Second Prize by Shanghai Young Economist Forum. He has participated in several National Social Doctoral AcademicForumonEconomics,TanChongtaiDevelopmentEconomicsScholarship,anda He was granted more than 30 Chinese and foreign awards, including a First Prize by the National Post- papers indomesticandinternationalcorejournalssuchasChinaEconomistFinancialResearch. Qiuyun ZhaoholdsaPh.D.degreeinEconomicsfromPekingUniversity.Hehaspublishedover20 Qiuyun ZHAO Shuting ZHANG Qiang ZHANG Xinxin DING Jiewei LI Li HUI Post-doctoral Researcher Project ResearchSpecialist Project ResearchSpecialist Post-doctoral Researcher Project ResearchSpecialist Domestic Think-tank Institute ofInstituteNew StructuralEconomics ·2017Annual Report5 Project ResearchSpecialist

Our Team Our Team 6 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport security think-thank, theRoyalUnitedServicesInstitute (RUSI),inLondon. (PPE). PoliticsandEconomics Prior tograduation,sheworkedasananalystinternatglobal in Philosophy, of Oxford is agraduateoftheUniversity Ms. Hager-Loss consulting. andeconomic evaluation, technology strategic planning, inoperational working partnership consulting a U.S.based Consulting, Oxford Logical in theprivatesector.In2012she co-founded Sarah HAGER-LOSShasmorethan fiveyears’experience Sarah HAGER-LOSS development finance,infrastructurefinancingforindustrialparks,global buyersandglobalvaluechain. are areas her research African countries,and and parks inAsian for industrial projects consulting policy in the She participated London. in PoliticalEconomyfromKing’sCollege She gothermaster’sdegree economics. andenvironmental economics,publiceconomics development His researchareasininclude Project, etc. funded Foundation Science Postdoctoral China the 62nd and of AfricanEconomies Case Policy: Industrial and Export Diversification Manufacturing”, Light Chinese Costsin to Rising “Adjusting Export ProcessingZonePromotion”, “Nigeria in includes INSE, theresearchprojectsheledorparticipated item. Afterjoining (ESRC, UK)funded Council Research and Social the Economic including projects a researchassistantandpart-timelecturerattheUniversityofExeterparticipatedmany Zuoxiang ZhaoobtainedhisPh.D. in Economicsfrom University of Exeter. He previouslyworkedas in FrenchLanguageandLiteratureEconomicsfromPekingUniversity. degrees Ph.D. degreeinDevelopmentEconomicsfromCERDI-CNRSFranceandhertwobachelor’s her after receiving with Accenture for theutilityindustry as aconsultant She startedhercareer level. government affairsandpublicrelationsat outwardFDI, corporate negotiations, and China’s business resources market in overseasinvestments(energy andmining),researchonglobal years’ experience & Public Relationsat Development State PowerInvestmentCorp.(SPIC)whereshegainedovereight the INSE, Dr. YuhadworkedasaDirectorofDept.Business & Roadscountries.Priortojoining for Belts manufacturing, energyandminingsectortheirrolesintheprocessof industrialization park andSpecialEconomicZones,aswellChina’soverseasinvestmenttheinteractionof of industrial “Going Global”,diagnosis studies ofChina’s practice. Herresearchfieldsfocusonempirical investment totheinternational of NewStructuralEconomics for theapplication Jia Yuisresponsible Xinyue WU Chenmei LI Zuoxiang ZHAO Yanchao LI Jia YU Economic andTechnicalExchanges. Center for RotterdamandonceworkedasaprojectassistantatChinainternational Erasmus University theINSE,sheusedtobearesearchassistantatInternationalInstituteofSocialStudies of to joining from ErasmusUniversity.Prior hermaster’sdegreeinEconomicsofDevelopment Li obtained Chenmei Manchester, MSc.fromTsinghuaUniversity,andBSc.ShanghaiJiaoTongUniversity. as well as book chapters and policy reports upon invitation. She received her Ph.D. from the University of led DevelopmentinLACcountries”.Shehaspublishedover10articleswell-knowninternationaljournals, “Country InnovationDiagnostics”,andtheInter-AmericanDevelopmentBankproject“SpurringInnovation- the EUH2020project“IndustrialInnovationinTransition”,WorldBankinnovationflagship entrepreneurship andindustrial policies. She performed astaskleadersinlarge-scaleprojects such as at theWorldBank,andResearchAssociateMIOIR.Yanchao’sresearchhasfocusedoninnovation, (MIOIR), theUniversityofManchester.PriortojoiningINSEYanchaoworkedasConsultant/Economist Yanchao LiisaResearcherattheINSEandHonoraryFellowManchesterInstituteofInnovationResearch Director of International Development Cooperation, Senior Operations Officer Director ofInternationalDevelopmentCooperation,SeniorOperationsOfficer Research AnalystAssistant Research AnalystAssistant Internatonal Think-tankResearcher International Think-tank Post-doctoral Researcher Part -t ime Project ResearchS pecialist &ResearchManager Tozo governments His trade. Business WOTODJO KOKOU Tozo and management of projects andresearchfunds,aswell and managementacademic of NSESummerSchool,WinterSchoolandSeminars,application for organization is responsible Shaona Shaona MA international master’s a assisting for planning, responsible mainly is Xia Beina Education fromCapitalNormalUniversityandwasavisitingstudentatCa’FoscariofVenice. Chinese in International her master’sdegree She obtained Deputy Dean. for theAcademic management Beina XIA from BeijingForeignStudiesUniversitywithamajorinFrenchLanguageandLiterature. at & Kigali Office Bridge Corporation (Rwanda), inchargeof foreign affairsandbidding.Shegraduated Road for China at INSE.Before,sheworked meetings of academic and arrangement project international of inchargeof coordination for daily routine,JingLuwaspreviously the Dean’s Currently responsible Jing LU managing foreign political party foreign political managing Committee, of the CPCCentral Department in theInternational INSE, sheservedasaliaison to joining withmajorPortuguese. Prior Studies University International from Beijing promotion, etc.Shegraduated and as brand building as well and management establishment study,application, project international for for Jing Dingis daily operations a the responsible domestic think-tankgroup,occupyingrolein Jing Ding students andvisaapplicationthefaculty.HeobtainedaMBAdegree fromBangkokUniversity. Forum, AEA recruitment, assistancefor Development and candidate visitingscholars International of conferences, forof Fund, NSE is arrangement management international Special responsible Shengtao Shengtao YU international businessofficials. KOKOU WOTODJO and Economics (UIBE). His primary research areas are global value chain, FDI, and international and FDI, chain, value global are areas research primary His (UIBE). Economics and external relations maintenance, internal operations, conference organization, etc. She holds She etc. organization, conference operations, internal maintenance, relations external main work at INSE include policy consultancy and research in industrial park projects for the for projects park industrial in research and consultancy policy include INSE at work main degree in British and American Literature from Nanjing University, where she also studied also she where University, Nanjing from Literature American and British in degree relations atHopkins-NanjingCenter. in BeninandNigeria.TozoisproficientFrenchEnglish. Assistant toDean

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Our Team Our Team 8 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport and hadrichexperienceofadministrationatChinaSecurities CCTV-6 portal. University Jiaotong from Beijing etc. Shegraduated review, reimbursement daily management, archives and financial for fixedassetsprocurementandmanagement,administrative Jiaying Wangisresponsible Jiaying WANG both domesticandinternationalactivities.ShegraduatedfromBeijingNormalUniversity. Ye Dengsheisinchargeof daily financialoperationandmanagementreimbursement verificationfor Ye DENG Academy ofSciencesasanHRofficer. worked attheChinese and previously from PekingUniversity a MPAdegree related duties.Sheobtained for Ying Huangis responsible recruitment, personnel performanceevaluation,trainingandotherHR- Ying HUANG Sheffield, UK. Economics fromtheUniversityof Political her master’sdegreeinInternational conferences. Shereceived events and for significant as newsdraftingandpublicity aswell official websiteandWeChataccount, portals including media of INSEsocial and maintenance for theoperation Zhou isresponsible Qianhe project experienceinAsianDevelopmentBank’stechnicalassistancetoChinaandnationalloans. promotion, etc. She holdsa master’s degree inEducationfrom University of Maryland, CollegePark with and as brandbuilding as well and management establishment study,application, project international think-tank group.Hermainrolesinclude fordailyoperationstheinternational Xiaolu Liisresponsible Xiaolu Li Group andEnvisionCapital,etc. at Accenture,GlobalEconomics experience economic analystatMakkahInvestmentandhadinternship and ParisSchoolofEconomics.BeforejoininginINSE, she workedasan Paris 1-PantheonSorbonne her master’sdegreeinEconomicsfromUniversité at INSE. She obtained media relationsmanagement and and public building brand and communication, promotion aroleinNSEpolicy Yanru Yeoccupies Yanru YE Qianhe ZHOU International Think-tankOperationSpecialist Policy Promotion&CommunicationSpecialist Finance Specialist Operation &Administation Human ResourcesSpecialist Policy Promotion&CommunicationAssistant Administration Specialist 02 abroad tojointhecampoftheoreticalinnovationandapplication ofNSE. of New StructuralEconomics, and` toattract excellent scholars at home and organized annually to facilitate theory development, to practice the application International Conference, andNSEInternational Development Forum, etc. are NSE School), Winter School/ (Summer Symposium NSE as NSEteaching, Economics isthecentreofINSE/CNSE’s developmentvision.Activities such Indigenous and independent theoretical innovations based on New Structural facilitating government”. the premiseofaneffectivemarket;marketisrealizationa market. NewStructural Economicsproposesthat “afacilitating government is structural change andto compensate for the defects caused by the premature government” to overcome the inevitable market failures emerging from the of resources, butalsothe“facilitating only the“effectivemarket”inallocation arrangements (superstructure). NSEemphasizes that this process entails not technological upgrading(economicbase) andthe improvement of institutional development is a process of structural change with continuous industrial and New StructuralEconomicsstartsfromtheargumentthatacountry’seconomic economics afterStructuralismandNeoliberalism. as thethirdwave ofdevelopment Spence andGeorgeAkerlof,isrecognized including JosephStiglitz, Gary Becker, Douglass North, Robert Fogel, Michael Economics hasbeenendorsedbymorethanten Nobel LaureatesinEconomics, in achievingrapid, inclusive, andsustainable development. NewStructural the essentialroleofbothaeffectivemarketandfacilitatinggovernment endowments and endowments structure at any given time. NSE underscores of change in the economic structure during development, based upon factor causes and to studythedeterminants approach the neoclassical Yifu Lin,adopts by ProfessorJustin and advocated (NSE), proposed New StructuralEconomics Academic Progress Institute ofInstituteNew StructuralEconomics ·2017Annual Report9

Academic Progress Academic Progress 10 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport students inapplying NSEtotheeconomicdevelopment oftheircountries. the international countries and guide of thedeveloping experiences the development New StructuralEconomics,introduce As a core course for the Institute of and Development, this course willwalkstudentsthrough South-South Cooperation New StructuralEconomicsand PolicyDesign,byJustinYifuLin Courses attheInstituteofSouth-South CooperationandDevelopment understanding of research in the field of economic growth. understanding ofresearchinthefieldeconomicgrowth. to independentlybuildeconomicgrowthmodelsandhaveadeeper Structural Economics.Bytheendofterm,studentswillbeable helps themtoidentifya research topicfromtheperspectiveofNew This coursefamiliarizesstudentswiththeeconomicgrowththeoryand by YongWang Advanced SeminarsonEconomicGrowth, the patterns of international trade, and the impacts of various trade policies. factors. Thetopicscoveredincludethebenefitsoftrade,factormovement, of internationaltrade,cross-boardermovementgoods,servicesand The course gives an overview on the research being done in the fields International Trade,byXinWang study andreportsdonebytheINSEresearchers. NSE issupportedbythepresentationofacouplefirst-handcase economy at a national and regional level. The practical application of and introducesthemethodologytoconductindustrialdiagnosisofan NSE inregionalindustrialupgradingandtransformationacrossChina economics, etc. The course also deliberates on the application of international economics,environmentaleconomicsandinstitutional economics, laborfinancialregional integration ofNSEwithinothereconomicdisciplinessuchasindustrial This courseintroducesthetheorydevelopmentofNSEand by CaihuiFu Introduction toNewStructuralEconomics, faces, aswellthecausesandsolutions. major economicandsocialproblemsChina reform andopening-up, since the It alsofocusesonthe achievements rise andfallofChina. and analyzesfromaNSE perspective thehistorical development economic countries orregions’ and thatofotherdeveloping China The coursesummarizesthesuccessfulpracticesandfailuresof Chinese Economy,byJustinYifuLin Undergraduate Courses collection, andempiricalanalysis. data used inNSEtheoreticalmodeling, and techniques methodology researchers fromtheINSEareinvitedtodemonstrate research. Outstanding and empirical in theoretical achievements the frameworkofNewStructuralEconomicsanditsprogress to introduction This courseaimstogiveasystematicandsolid by JustinYifuLin Advanced SeminarsonNewStructuralEconomics, Graduate Courses Teaching ofNewStructuralEconomics analysis withrealfinancialdata. students inconducting on theempiricaltechniques,andguides analyze financialdataandto test market models. The course focuses The course covers essentialtoolsandtheoriesthat can beusedto (taughtinChineseandEnglish) Financial Econometrics,byBoHu certain macroeconomicmodels,etc. employ data andaccordingly d) preciselyinterpretmacroeconomic policy; c) critically evaluatethe pros andcons of each policyand; conditions areaffected by monetarypolicyandfiscal macroeconomic how and growth;b)understand unemployment such asinflation, conditions macroeconomic to evaluate how to a)understand works. Bythecompletionofthiscourse,studentsareexpected concepts andtheoriesthat shed lightonhowtherealworldeconomy The primarygoalofthiscourseistoteachstudentsmacroeconomics Macroeconomic Theory,byJunjieXia(taughtinEnglish) in-depth discussion. with combined a publiclecture through Structural Economics New in insights their to share seminar to athemed are invited scholars domesticor exchanges onNSE. international Each sessioninfluential the researchandacademic This seminarseriesaimstoenhance by YongWang,XinWangandJiajunXu New StructuralEconomicsSeminars, perspective ofNewStructuralEconomics. closely analyzesthe development of the Chineseeconomyfrom the and and introduces and empiricalresearchitsimplications, Economics, theprogressandachievementsof NSE theoretical This courseshedslightonthetheoreticalframeworkofNewStructural Studies onChineseEconomy(1),byJustinYifuLin proposal that lays the foundation for their undergraduate dissertations. proposal thatlaysthefoundationfortheirundergraduatedissertations. research topic and independently complete a high-quality research the course,studentsareexpectedtobeabledefineainterested with presentation assignments and group discussion. By the end of writing, thecourseadoptsformofsmallclasslecturing,combined Aiming to familiarize the students with economics research and Economics ResearchTraining,byXinWang simulations withambassadorsandofficialstoChina. throughcountry-basedpolicyconsulting economic transition the practices insustainable countries’ latest progress of developing about to learn and development, of international experts inthefield face-to-face withprestigious to communicate have theopportunity and FacilitationFramework(GIFF) - topolicyresearch.Studentswill tool ofNSE -GrowthIdentification and guidedtoapplytheanalytical development. Thestudentsareencouraged frontiers ofinternational The courseaimsto inspire students’independentthinkingonthe by JiajunXu Frontiers ofInternationalDevelopment:TheoryandPractice, activities serve as platforms for academic exchanges and have gained widespread recognition both domestically and abroad. both domestically recognition widespread activities serveasplatformsforacademicexchangesandhavegained thetheoreticalsystemandresearchofNSEhelditsthirdsessionin2017.Thetwo discussionstodeepen and roundtable theWinterSchooladoptsformofsymposium countries acrosstheworld.Onotherhand, students fromdeveloping of hundreds and trained four sessions held has successfully Summer School field study.Asofnow,theNSEInternational and class teaching through experience development China’s NSE and introduces Summer School The NSEInternational related toNewStructuralEconomics. discussions roundtable and training, academic brainstorming, students forintensive young and scholars influential together The symposiumsbring andstudentsworldwide. of NSEamongyoungscholars the understanding to promoteanddeepen by INSE events hosted academic are annual School) (Summer School/Winter Symposiums Structural Economics The New (SummerSchool/WinterSchool) New StructuralEconomicsSymposium their countriesandtheworld. Justin YifuLintodevotethemselvesthedevelopmentof Certificates of Completion and encouragement from Prof. government. Attheclosingceremony,traineesreceived of NSEwasfirstembracedandappliedbythelocal data inHejianCity,HebeiProvince,wherethepolicies school arranged aone-day field study tocollect first-hand of industrialtransformationandupgrading,thesummer African countries.Tohelpstudentsgainavividimpression Economics as well as its application in China, Korea, and thoughts, methodology, and theoryofNewStructural Structural EconomicsFund.Thecontentcoveredthe mid-term paper presentations by awardees of the New international workshop on global value chain, and four and KuenLee,twothink-tankpracticesessions,an Lin, JiandongJu,YiWen,YongWang,GeneGrossman featured sixthemedlecturesbyProfessorJustinYifu scholars andstudentsfrom23countries.Thesymposium July 1stto5thandattractedatotalnumberof57young School) was successfully held atPeking University from The 4rdNewStructuralEconomicsSymposium(Summer The 4 (Summer School) 夏令营活动照片 th NewStructuralEconomicsSymposium 冬令营活动照片 Institute ofInstituteNew StructuralEconomics ·2017Annual Report11 publishing. branches, disciplineconstruction,talentcultivation,and houses were invited to discuss the cooperation of INSE a dozen of the top Chinese universities and publishing winter schoolincludedclosed-doormeetings,where Guohua Zhang,HaoZhouandXiaodongZhu,etc.The Xiaoying Wu,HaipengXing,XianchunXu,ZhigangYuan, Xinchuang Li,Guo’enLiu,GuoqiangTian,NengWang, Hong, Xiaodong Huang,Yiping Huang, Jiandong Ju, Chong’en Bai,KaijiChen,HaoquanChu,Yongmiao attended the symposium, including prestigious Professor More thanahundredrenownedeconomistsandstudents “Domestic andinternationalthink-tankstudies”,etc. mathematical methods”, “Database construction”, and trade and industrial upgrading”,“NSE modeling and solutions”, “New Structural Finance”, “International upgrading”, “China’seconomicslowdown:causesand infrastructure”, “Incomedistributionandindustrial and comprisedsessionson“Industrialdynamics (Winter School)washeldfromDecember18thto23rd The 3rdNewStructuralEconomicsSymposium (Winter School) The 3 rd NewStructuralEconomicsSymposium

Academic Progress Academic Progress 12 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport from Southwestern University of Finance and Economics, and Dr. Guiying Laura Wu from Nanyang Technological University. Technological LauraWufromNanyang UniversityofFinanceandEconomics, Dr.Guiying from Southwestern Peking University,ProfessorHanLi School ofManagement, Business andEconomics,Dr.QinghuaZhangfromGuanghua Dan Liu,AssociateProfessoratShanghaiUniversityofFinanceandEconomics,Dr.ZheFufromInternational Ueda, scholarfromtheUniversityofTokyo, Professor attheINSE,XupeiLuo,SeniorEconomistWorldBank,Kenichi Shenzhe Jiang,Assistant papers attheconference,including their academic scholars presented University. Overteneconomic Lee, ProfessoratKorea University, andJong-Wha Wei, ProfessoratColumbia Bank,Shangjin from AsianDevelopment Congress, JuzhongZhuang,expert People’s and EconomicCommitteeoftheNational ofFinancial Huang, ViceChairman Justin YifuLin,DeanoftheINSE, Qifan experts andscholars,including by world-reowned weredelivered Keynote speeches and 10th. The themeoftheconferenceis“StructuralTransformation,InfrastructureInvestment, and EconomicDevelopment”. This year, the 4th International ConferenceonNewStructuralEconomicswasheldat Peking UniversityonDecember9th systems andestablishmentofacademicbaseforeconomicresearchapplicationindevelopingcountries. of theoretical of NSEtheoreticalinnovation,whichwillinturnfacilitateautonomicdevelopment economics, thedeepening gather togetherto of discuss the positioning the theoretical system of New StructuralEconomicsinthe mainstream western and heldits economists andscholars 2nd and3rdsessioninthe year of 2015 and2016respectively.Internationally-renowned 2012 in September began and 1960s.Theconference since the1950s theories economic ofdevelopment the evolution review The InternationalConferenceonNewStructuralEconomicsisanannualacademiceventof the INSE/CNSE that aims to on NewStructuralEconomics International Conference NSE SpecialResearchFund groups asstatedinthefollowing. In 2017, the Fund created threesponsorshipsandtwo prizes to encourage andsupportten selected researchtopicsand The 2 guidance tothesponsoredcandidates. who focus on NSE, and is chaired byProfessorJustinYifuLin.Committeemembersworkas advisors to give academic economics senior scholars inthefieldofdevelopment The AcademicReviewCommitteeconsistsofdomesticandinternational Academic ReviewCommittee participate intheforthcomingInternationalconferenceonNewStructuralEconomics. the fundat the endof the year.OutstandingpapersselectedbyAcademicReviewCommitteewillhaveopportunityto of Committee Review to theAcademic their research present shall sponsored and those year, theselectedawardees Each countries, thusdrivingtheadvancementofthirdwaveeconomicthoughtdevelopment. the field of the development of the world economy,especiallyfocusing on the economic developmentof the developing into to delve scholars the young of thefundistoencourage The purpose Structural Economics. researchinNew to conduct The NSE Special ResearchFundcreatedbythe INSE/CNSE in 2016is used to sponsor PhDcandidatesandyoung scholars Economics Framework Stages ofDevelopment:Applying theNewStructural Both LEsandSMEsMatterbutDifferently atDifferent transformation (finalreport) industry Commodities:thewaytowardseconomic On thePrioritiesofComparativeAdvantageAgro- economy andits“GoGlobal”Strategy A StudyontheTransformationofChina’spark- Economics Industry Structure:APerspectivefromNewStructural Enterprise Size,BankSizeandOptimalBanking Effective Market”and“AFacilitatingGovernment” The MicroFoundationoftheUnifiedTheory“An Sector Productivity: EvidencefromChina’sManufacturing Road Infrastructure,MarketIntegration,and Tolerance Development StageandFacilitatingCorruption Industrial Upgrading Endowment Structure,IncomeInequalityand Endowment Perspective ofFiscalDecentralizationandFactor Transition ofCityExportStructureinChina:A Transformation andEconomicGrowth Capital AccountLiberalization,Structural Research Topic nd SessionofNSESpecialResearchFund Institute ofInstituteNew StructuralEconomics ·2017Annual Report13 Authers Shanji Xin Yagoub AliElryah Lu Li Jiawen Wang Yilin Zhang,SiyiHuang,and Jianming Xu Xun Zhang Muyang Zhang Wang Zhongkai ShenandYong Ruili Zhao Yi Tang,LekaiZheng,and Xiang Li,DanSu,andYangJi Center and Consultancy Industrial Research Economics and of Finance University Shanghai and Economics Southwestern UniversityofFinance Tsinghua University Beijing NormalUniversity Economics and of Finance University Shanghai Peking University Fudan University Peking University University

Academic Progress Academic Progress 14 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport NSE-related researches.Intotal,21seminarsweresuccessfullyheldthroughout2017. abroad to present hisor her study and to exchange insightsandideasontheoryfoundation,direction,methodologyof deepen andextendtheresearchofNSE. expert orscholar fromChinaor For eachseminar,theINSE invites aninfluential that and exchanges The seminarseriesforNewStructuralEconomicsprovideaplatformregularacademicdiscussion New StructuralEconomicsSeminars Seminar No.20 Seminar No.19 Seminar No.18 Seminar No.17 Seminar No.16 Seminar No.15 Seminar No.14 Seminar No.13 Siminar No.12 2017/05/26 2017/04/24 2017/04/21 2017/04/17 2017/03/31 2017/03/24 2017/03/21 2017/03/17 2017/03/03

Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker

Shenghao Zhu Investment andAssociatedFinancialSupportfromChinesePolicyBanks Energy Security,State-ownedCorporations Economics, TianjinUniversity Program, DirectorofChinaAcademyEnergy,EnvironmentalandIndustrial Zhongxiang Zhang Integration The NegativeGrowth-VolatilityRelationshipandtheGainsfromFinancial Jun Nie in China In theShadowofBanks:WealthManagementProductsandIssuingBanks Jun Qian Structural AdjustmentsandInternationalTrade:TheoryEvidencefromChina University ofFinanceandEconomics Jiandong Ju An Assignment Model of Knowledge Diffusion and Income Inequality An AssignmentModelofKnowledge DiffusionandIncomeInequality Erzo Luttmer Production NetworksandMisallocation International Studies Heiwai Tang Misery ofNewTown-Density,DistanceandDebt Shanghai JiaotongUniversity Ming LuDistinguishedProfessor,AntaiCollegeofEconomicsandManagement, the ChineseAnti-CorruptionCampaign Political Uncertainty,StateOwnership,andCreditReallocation:Evidencefrom Hao Zhou Bubbles andHousePriceDispersionintheUnitedStatesDuring1975-2007 Professor,ShanghaiAdvancedInstituteofFinance SeniorEconomist,FederalReserveBankofKansasCity Vice Dean,PBCSchoolofFinance,TsinghuaUniversity AssistantProfessor,NationalUniversityofSingapore Assistant Professor,JohnsHopkinsSchoolofAdvanced Dean, SchoolofInternationalBusinessAdministration,Shanghai Professor, UniversityofMinnesota

Distinguished ProfessorundertheThousandTalents

’ OverseasAcquisitionsand

’ Risk Seminar No.32 Seminar No.31 Seminar No.30 Seminar No.29 Seminar No.28 Seminar No.27 Seminar No.26 Seminar No.25 Seminar No.24 Seminar No.23 Seminar No.22 Seminar No.21 2017/12/29 2017/12/15 2017/12/01 2017/11/24 2017/11/17 2017/10/27 2017/10/20 2017/10/18 2017/10/13 2017/09/22 2017/06/02 2017/05/29

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Institute ofInstituteNew StructuralEconomics ·2017Annual Report15 Economic InequalityfromaStatistical PhysicsPointofView Victor YakovenkoProfessor,UniversityofMaryland Experiment Government TransparencyandCorruption:Evidencefromaquasi-natural Daniel BerkowitzProfessor,UniversityofPittsburgh Europe's GrowthChampion:InsightsfromtheEconomicRiseofPoland Marcin Piatkoski Corporate Governance,ManagerialCompensation,andDisruptiveInnovations Xu Tian “ The OriginofTaiwan Social Sciences,AcademiaSinica Wanwen Chu into the2008Chinesemilkscandal Will MediaCoverageBeInfluencedbytheLocalGovernment?-ALook and DeputyDirectorofChinaCenterforEconomicStudies,FudanUniversity Zonglai Kou Asset BubblesandForeignInterestRateShocks University ofScienceandTechnology Pengfei Wang Uncertain Technology Davin Chor Recent FindingsonChina Shi Li The CountercyclicalRoleofNationalDevelopmentBanks Alfredo CurutchetAssistantProfessor,NationalUniversityofCordoba How oftheSubsequentDevelopment Roberto Samaniego Household FinanceinChina Russell CooperProfessor,PennsylvaniaStateUniversity Just DoYourJob Professor, BeijingNormalUniversity Assistant Professor,UniversityofToronto Associate Professor,NationalUniversityofSingapore Director ofFudanCenterforIndustrialDevelopmentStudies, Professor,DepartmentofEconomicsatHongKong Research fellow,CenterforHumanitiesand ” : Obedience,RoutineTasks,andthePatternofSpecialization Senior Economist,WorldBank ’ s Post-warEconomicDevelopment:TheWhyand Professor, TheGeorgeWashingtonUniversity ’ s WealthGap

Academic Progress Academic Progress 16 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport government’s activeroleinpromoting privateequityasapositiveforceforChina’soverallgrowthanddevelopment. highlighted thecharacteristicofChina’s privateequityindustrythatdistinguishesitfromvirtuallyallother countries,inwhichthe resources andvaluecreatingopportunities thatChinesemiddlemarketcompaniesrequiretogrowand compete. Thespeechalso Equity”. Thepresentationdemonstrated thedistinctivecapacityofprivateequityinvestorstoselectivelyprovide bothscarcefinancial University, addressedakeynotespeech on“StrengtheningPerformanceofChineseMiddleMarketCompanies: theRoleofPrivate On May 31st, 2017 at the 15th NSEIDF, Roger Leeds, Professor from Institute of Advanced International Studies at Johns Hopkins 15th NSEIDF:StrengtheningPerformanceofChineseMiddle MarketCompanies:theRoleofPrivateEquity to answerquestionsrelatedthecooperationandpartnershipbetween WBandChinainAfrica. Partnerships andRegionalCoordinatorforPartnershipwithChinaof theAfricaRegionofWorldBank,alsojoinedevent the internationalcommunitytocrowd-ininvestmentfunding.Mr.Shuilin Wang,AdviserforAfricaExternalCommunicationsand the decline and in turn boost domestic and foreign investment in Africa. African countries must seize the moment and work with Africa isnotoutofthewoodsyetand that itisimperativetoimplementsoundmacroeconomicandstructuralreformsreverse a presentation on “Unlocking Africa’s Investment Potential”. The presentation showed that there are signs of recovery, but that On May25th,2017atthe14thNSEIDF,Dr.AlbertG.Zeufack,ChiefEconomistofAfricaRegionWorldBank,addressed 14th NSEIDF:UnlockingAfrica’sInvestmentPotential various relatedissues. on Bank, andMinistryofFinance,P.R. Bank, China, conductedin-depthdiscussions Asian Development Development from of the AsianInfrastructure InvestmentBank,New the OldandNewMultilateralDevelopmentBanks”.Representatives to Shareholders Five Recommendations Challenges: Development for ThisCentury’s Banking Development “Multilateral the 13thNSEIDFon organized jointly Development On May11th,2017,theCNSEandUSthink-tankCenterforGlobal Recommendations toShareholdersoftheOldandNewMultilateralDevelopmentBanks 13th NSEIDF:MultilateralDevelopmentBankingforThisCentury’sChallenges:Five development worldoverthenext15years. in fragileandconflictaffected states. They alsoshedlightonhowtheMDBscouldpossiblyadaptto address thechanging for themtooperate crisis becausetheMDBs’humanresources,instruments, andincentivesarenotyetfullyaligned financial states inthewakeof2009 have movedtofragile countries somemiddle-income because is changing model business out thattheMDBs’ pointed The speech Landscape”. Development in aChanging “MDBs’ Role gave akeynotespeechnamed at Center for Strategic andInternationalStudies(CSIS), and Dr. Conor Savoy,DeputyDirectorof PPD andFellowat CSIS, On April 25th, 2017 at the 12th NSEIDF, Dr. Daniel F. Runde, Directorof the Project onProsperityandDevelopment(PPD) 12th NSEIDF:MDBs’RoleinaChangingDevelopmentLandscape happiness andclosedpartoftheincomegap,yetbenefittoeachindividualvaries. in heightfor those bornduringthe transition. In recent years, the EBRD regionhascaughtupwithrichercountriesinterms of life satisfactionandareduction lower by comparatively far fromsmooth,indicated been had countries 34 emerging covering drew its outlines from the EBRD TransitionReport2016-2017,whichshowedthat the economic transitioninthe EBRD region Development (EBRD),gavea keynote speechentitled“Transitionfor all: Equalopportunitiesinanunequalworld”.The speech On March 21st, 2017 at the 11th NSEIDF, Dr. Sergei Guriev, Chief Economistat the European Bankof Reconstruction and 11th NSEIDF:EBRDTransitionReport2016-17:forall eleven sessionsofNSEIDF. institutes, scholars, andexpertsinthefield.In among influential 2017, theINSE dialogues had successfullyheld international by hosting development research andpracticeininternational the gapbetween Forum (NSEIDF)aimstobridge Development International Structural Economics Practice”, theNew Development Explore and Notion Development With thetenetof“Innovate International DevelopmentForum New StructuralEconomics development policywithinthecontext ofits“MadeinChina2025”initiative. issues, andsuggestedkey questions arisingfromChina’s with aparticularreferenceto and climatechange-related energy these themes Turner explored Dr. Adair cost reduction. and innovation technological in driving of statesupport role important ingreentechnologyillustratethepotentially countries, andrecentdevelopments and developed this modelfor both developing history suggests limitsto infrastructure. Buteconomic and social of physical to theprovision is limited state role appropriate is that economic development free markets alone willdriveanoptimalpathof innovation andstructuralchange,whilethe on view ofWashington The consensus State andMarketDevelopment”. a keynotespeechon“Balancing addressed On November 20th,2017 atthe21stNSEIDF, Dr. Adair Turner, FormerChairmanofUK’sFinancialServicesAuthority, challenges. development aid inaneraofglobal on foreign insights policy and offered useful level, at theglobal developments the contextofmore recent overviewandcriticalassessmentof theaideffectivenessliterature,introduced an in-depth provided The speech Challenges”. Development Aid inanEraofGlobal “Foreign entitled speech a keynote Institute, gave Research On November 16th, 2017 at the 20th NSEIDF, Dr. George Mavrotas, Senior ResearchFellow at International FoodPolicy industrialization strategies,structuraltransformation,employmentandwagedevelopmentsaswellrelatedpolicyissues. both technologicalandeconomicfeasibility.Healsodiscussedthepotentialimpactsofindustrialrobotsondevelopingcountries’ speech withthethemeof“Robots,IndustrializationandInclusiveGrowth”.Theseminaremphasizedthatrobotusedependson launched theTradeandDevelopmentReport2017-BeyondAusterity:towardsaGlobalNewDealdeliveredkeynote On September14th,2017atthe19thNSEIDF,Dr.JörgMayer,SeniorEconomistUNConferenceforTradeandDevelopment, strong productivitygrowth,bringingtogethermacroeconomic,financialtradeandindustrialpoliciestocreatesynergies. to foster and upgrading targetingdiversification policies, including withseveralpointsonindustrial policies. Heconcluded as industrial as well policies of activemacroeconomic game, withamuchgreateraccommodation economic international of the practices and of the currentrules a reassessment required therefore, thestatusquo countries, developing impact on and uneven has exertedaskewed out thathyperglobalization He pointed in theeraofhyperglobalization. economies Strategies Divisionof the UN ConferenceonTradeandDevelopment(UNCTAD), delivered a keynote speechonemerging Development and of theGlobalization Kozul-Wright, Director at the18thNSEIDF,Dr.Richard 1st, 2017 On September overview ofthebook. inequality andpopulationexplosionto occur. Dr. Chris Kutarnasharedhis own experiencewithChina’schangesanda brief such as as problems to bemorefreelyspread,aswell and forideas to bemorecloselyconnected for countries chances New Renaissance.Accordingto has broughtaboutalargeamountof him, uncertainties, whichprovidesboth globalization therisksandrewardsof our a keynotespeechonhowwecouldnavigate Renaissance. Professor IanGoldindelivered New Our of Rewards and Risks the Navigating - Discovery their newbookAgeof Fellow oftheOxfordMartinSchool,launched and ChrisKutarna, On August26th,2017atthe17thNSEIDF,IanGoldin,ProfessorandDirectorofOxfordMartinSchool Bank, andnationaldevelopmentbanksfromChina,MexicoSouthAfricaparticipatedinpaneldiscussions. Bank, NewDevelopment from theAsianInfrastructureInvestmentBank,IslamicDevelopment Representatives Development”. forStructuralTransformationandSustainable BanksandGreenEnergy:South-SouthCooperation NSEIDF on“Development the 16th On June7th,2017,theCNSEandBostonUniversityGlobalEconomicGovernanceInitiativejointlyorganized 21st NSEIDF:BalancingStateandMarketDevelopment Towards aGlobalNewDeal 19th NSEIDF:LaunchoftheUNCTADTradeandDevelopmentReport2017-BeyondAusterity: Renaissance 20th NSEIDF:ForeignAidinanEraofGlobalDevelopmentChallenges 18th NSEIDF:StructuralTransformationinDevelopingCountries:AUNCTADPerspective 17th NSEIDF:BookLaunch: formation andSustainableDevelopment 16th NSEIDF:DevelopmentBanksandGreenEnergy:South-SouthCooperationforStructuralTrans Age ofDiscovery-NavigatingtheRisksandRewards ofOurNew Institute ofInstituteNew StructuralEconomics ·2017Annual Report17 -

Academic Progress Academic Progress 18 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport In 2017,15successfulNSEResearchTeamMeetingswereheld. are invitedto present theirlatest work andconductin-depthexchangeson ideas to advance cutting-edgeresearchonNSE. the CNSE/INSE outside and inside Structural Economics.Scholars New in focus onthelatestresearchprogress meetings in September2016,the Officially launched CNSE/INSE Academic Team Meetings areorganizedona weekly basis.The Academic TeamMeetings New StructuralEconomics 15th Meeting 14th Meeting 13th Meeting 12th Meeting 11th Meeting 10th Meeting 2nd Meeting 3rd Meeting 4th Meeting 6th Meeting 5th Meeting 8th Meeting 7th Meeting 9th Meeting 1st Meeting 2017/03/27 2017/03/15 2017/03.06 2017/05/08 2017/04/13 2017/06/12 2017/05/15 2017/12/29 2017/11/20 2017/11/06 2017/10/23 2017/09/25 2017/09/18 2017/09/11 2017/02/28

Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker

New StructuralEconomics: Zhongwei Guo New StructuralIndexofCitiesinYangtzeRiverDelta Ya Tang Economics Hypothesis andEmpiricalAnalysisofNewStructuralEnvironmental Development StrategyandEnvironmentalPolution-Theoretical Jie Zheng Chinese EconomyunderSupply-sideRestriction Zhaoyang Xu new structuraleconomics Understanding thekeysuccessfactorsinEthiopiafromperspectiveof Sarah Hager The ContractualNatureoftheCity:ACityBuiltbyJiaoLongCo. Qian Lu Structural Economics Perspective Industrial TechnologyUpgrading General EquilibriumModel-ANew Yong Tao Research inEmpiricalMacroeconomics Junjie Xia Research inDynamicsContractsandChineseHousingMarkets Shenzhe Jiang of CompaniesintheLightIndustry Data-based DiscussionontheTransition,UpgradingandGlobalExpansion Jiajun Xu,JieweiLi,ZuoxiangZhao Overview ofLongCreditDatabase Ran Zhang General EquilibriumwithChoicesofTechnologies Bo Zhang Discussion onDatafromNationalBureauofStatistics Optimal ScopeofIndustrialPoliciesfromthePerspectiveRelationalContract Which ComesFirst,BusinessorPersonalRelationship?-AStudyonthe Wei Guo Corporate Quality,IndustrialRiskandOptimalFinancialStructure Zirong Yang and ScientificMacroeconomicControl

“ Effective Market ” , “ Facilitating Government ”

discussion sessions. In 2017,theCNSEandBeijingInternationalCenterforMathematicalResearch(BICMR)jointlyheldeightacademic CNSE-BICMR DiscussionGroup New StructuralEconomics 2nd Discussion 3rd Discussion 8th Discussion 7th Discussion 6th Discussion 5th Discussion 4th Discussion 1st Discussion 2017/05/02 2017/04/18 2017/06/20 2017/06/15 2017/06/06 2017/05/24 2017/05/16 2017/05/09

Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic Speaker Topic

Institute ofInstituteNew StructuralEconomics ·2017Annual Report19 Economics Perspective Macroeconomic StructuralChange inDevelopment:ANewStructural Gang Gong Endowment Structure,IndustrialDynamicsandEconomicGrowth Yong Wang of Arrow-DebreuGeneralEquilibriumModelbyNewStructuralEconomics Mathematical ModelsandKnowledgeWhichMayBeUsedforExpansion Huabin Ge Solutions New StructuralGeneralEquilibriumTheory:ProblemsandPossible Caihui Fu Capital EndowmentperPerson Technology andProgressofTechnicalStructureSelectionBasedon Literature onArrow-DebreuGeneralEquilibriumAnalysiswithNon-Convex Bo Zhang Economics Perspective Industrial UpgradingGeneralEquilibriumModel-ANewStructural Yong Tao Model Review oftheBasic(Static)SettingArrow-DebreuGeneralEquilibrium Jianye Yan Characterization andIntroducetheGeneralEquilibriumModelintoNSE How toBetterRepresenttheStructuresinNSEthroughMathematical

Academic Progress Academic Progress 20 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport presented anddiscussed. Director atCNSE,sevenacademic worksregardingeconomicgrowth,industrialupgrading,and innovation,etc.were Upgrading” and “Innovation, Productivity and Industrial Upgrading”. At the two seminars chaired by Yong Wang, Deputy and China’s Economic Transition, the CNSE organized two NSE related sessions on “Growth, Trade and Industrial On August12th,2017attheThematicForumofChinaEconomics AnnualConference&SeminaronInternationalization Economics Forum. Ye hostedthefirst session oftheNewStructural Zhao, SenWei,XibaoGuo,JianhuaZhang,andChusheng Changwen New TheoreticalInsights”, Yong Wangchairedthe Discussion attendedby NSE Justin Yifu Roundtable Lin, XianhaiHuang, and Viability Structural Economics, “New entitled the keynotespeech gave Justin YifuLin organizations. media mainstream and several universities, adozendomesticjournals, scholarsfromprestigiousdomesticandinternational about onehundred Economics Sub-AssociationundertheChineseAssociationof Foreign Economicswithassistancefrom the CNSE, hosted New StructuralEconomics”wassuccessfullyheldat Wenzhou University. Thetwo-dayconference,ledbytheDevelopment Structural Reformand On July9th,Economicsthemed“Supply-side 2017, the11thChinaConferenceonDevelopment featured keynotespeechesandten paper presentations.Expert and scholarsfromJustinYifu home andaboard,including Economy the and and Its Critics was co-hosted bythe CNSE andMan the EconomicRoleof On the State: June 3rd,2017,theInternationalSymposiumonRethinking New StructuralEconomics NSE SessionsattheThematicForumofChinaEconomics AnnualConference NSE Sessionsatthe11thChinaConferenceonDevelopmentEconomics International SymposiumonRethinkingtheEconomicRoleofState Commemorative Symposiumforthe30thAnniversaryofProfessorJustinYifuLin Academic ExchangesandConferences structural transformation”,etc. Bank ineconomic Development of China “the role trap”, and income middle “structural changeand foundation ofeconomicgrowth”,“industrialupgrading”, “institutional topics suchas“statecapacityanddevelopment”, State, covering on theeconomicfunctionsof gathered togethertohavein-depthdiscussions Rodrik, PranabBardhanGerardRoland,BillMegginsonandShipingTang, Economy ), Dani the and Lin, YongWang,NingWang(Editor-in-chiefofMan teaching, andpoliciesindevelopmentreform. guests reflecteduponProf. Lin’s contributionstowardseconomicresearch, the presenceof over 400prestigiousexpertsandscholars.Thedistinguished academic paperpresentations,threekeynotespeeches,andwasgracedby viavideo.Thesymposiumfeatured27 Garnaut extendedtheircongratulations Monga, andProf.Ross Yifu Lin’steaching.Prof.JosephStiglitz,Dr.Celestin of Prof.Justin the 30thAnniversary to celebrate Symposium Commemorative atPekingUniversityjointlyhostedthe the NationalSchoolofDevelopment and Structural Economics From May12-13th,2017,theCenterforNew (a RonaldCoaseInstitute journal). Thesymposium ’ s Teaching Agricultural Development: Symposium inHonorofProf.Justin YifuLinforHis30thAnniversaryofTeaching”.JustinLin, Symposium Development: Agricultural From October21-22nd,theCNSEandChina Agricultural Economic in the “NSEandItsApplications Review (CAER)co-held depth academicexchanges.Atotalof12papersinrelevantfieldswerepresentedanddiscussed. in- achieve activities thathelped session, andaseriesofteambuilding training academic closed-door lecture, anintensive a symposium,themed included the 1stFRI-PKUSeminaronNSE,which Institute (FRI),theCNSEteamheld Research of Financial and Director of Economics of School by Prof.GangGong,Dean team headed Together withtheresearch University ofFinance&Economics. to visittheYunnan delegation From October14-19th,YongWangledaten-person depth discussionsofthepresentedworks. in etc. Theexpertsandscholarspresentattheconferenceconducted policies, growth, infrastructure,andindustrial economic theirpaperscoveringoptimalfinancialstructure, the NSEsession.Sixscholarsfrom top domesticuniversitiespresented hosted and organized Ren and Xiaomeng Liu Yong Wang,Zhengwen Conference, Annual Economics at the17thChina 2017 New StructuralEconomicsSessionhasbecomeafixtureoftheChinaAnnualConference.FromOctober13-15th, of of Statistics,theSurveyandStatisticsDepartment Bureau from theNational (deputy) directors experts anddepartmental the firstmeetingfromSeptember15-17th,sixdomesticseniorstatistics seminars ondata.During two closed-door organized DataCenteratTsinghuaUniversity(CDC)jointly In 2017,theCenterofNewStructuralEconomics(CNSE)andChina Media WorkshoponNewStructuralEconomics His 30thAnniversaryofTeaching NSE andItsApplicationsinAgriculturalDevelopment:SymposiumHonorofProf.JustinYifuLinfor The firstFRI-PKUSeminaronNewStructuralEconomics NSE Sessionatthe17thChinaEconomicsAnnualConference The CNSE-CDCClosed-doorMeetingsonDataandStatistics issues, andfutureprospectsofChina’sstatistics. on thecurrentstatus, to givelecturesandinteractwithotherprofessionals invited were Exchange of Foreign of PaymentsatStateAdministration Balance of Department at NBSand Center & Analysis EconomicMonitoring China and and EmploymentStatistics ofPopulation Center,Department directors ofCensus statistics data.DuringthesecondmeetingfromNovember4-5th,(deputy) insights onChina’s panoramic of Customswereinvitedtosharetheirprofound Administration of General the StatisticsDepartment and Bank ofChina, People’s celebrating the30thanniversaryofProf.Linteaching. Economic issue an NSE-related published SSCI periodical, Review, anEnglish Agricultural other seniorexpertsandscholarsattendedthe symposium. China and Berkeley), of California, de Janvry(ProfessoratUniversity Jersey), Alain Academy ofSciences),CarlPray(ProfessorattheStateUniversityNew of Advanced AgriculturalSciences,PKU), Linxiu Zhang(Professorat Chinese Chairman of CPPCC EconomicCommittee),JikunHuang(Professorat School (Vice Chen Office), Xiwen Su (DirectorofCAEREditorial Yong Wang,Baozhong in theoreticalframework,methodology, application,andcasestudyreports. sessions comprehensive Century BusinessHerald).Theworkshopscontained Zhao (ChiefReporter of 21st PKU), andYining at DepartmentofSociology, the World Bank), YanShen(Professorat the NSD,PKU), Huilin Lu(Professor at Economist Fu, JiaYu,YanWang(FormerSenior Yi Wen,XiChen,Caihui Wang, about NSEfromJustinYifuLin,Yong more to learn for theworkshop registered journalists 20 senior on NewStructuralEconomics.Around workshop its firstevermedia 14-18th atPekingUniversity,theCNSEheld From November Institute ofInstituteNew StructuralEconomics ·2017Annual Report21

Academic Progress Academic Progress 7. 6. 5. 4. 3. 2. 1. ·Papers B 5. 4. 3. 2. 1. ·NSEAlnumsandSpecialColumns A Academic Publications 22 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport 6. 5. 4. 3. 2. 1. Monographs Researches andPublications Mapping aNewWorld Order: TheRestBeyondtheWest. Cheltenham,UK:EdwardElgar, pp.53-70. EconomicsPerspective", YifuLin(2017). "LessonsfromChinaandEastAsia'sCatchUp:theNewStructural Justin Development andPolicy,2(2),pp.109-119. Justin YifuLin(2017).TheRise ofChinaandItsImplicationsforEconomicsOtherDeveloping Countries.Area Economy andSociety,10(1),pp.77-81. Regions, of Journal Justin YifuLin(2017).AliceH.Amsden'sContributionstoDevelopment Economics.Cambridge ofChineseEconomicand BusinessStudies,15(1),pp.5-18. Perspective. Journal Economics Structural New a Trap: Middle-Income the Avoiding for Policies Industrial (2017). Lin Yifu Justin 鞠建东、刘政文，《产业结构调整中的有为地方政府》，《经济学报》，2017 付才辉，《新结构经济学理论及其在转型升级中的应用》，《学习与探索》，2017 济评论》，2017 付才辉，《新机构经济学：一场经济学的结构革命——一种（偏）微分方程思路下内生（总量）生产函数的解读》，《经庆祝林毅夫教授回国从教三十周年新结构经济学专辑，《经济学（季刊）》。中国经济增长速度放缓成因与对策分析，新结构经济学专栏，《学习与探索》。 Symposium onNewStructuralEconomicsandAgricultureDevelopment, Symposium onNewStructuralEconomics, 《经济评论》，新结构经济学专辑，2017 王勇《新结构经济学思与辩》北京大学出版社，2017 林毅夫、塞勒斯汀·孟加（合著）《战胜命运：跨越贫困陷阱，创造经济奇迹》北京大学出版社，2017 Jiajun Xu(2017). Warsaw FacultyofManagementPress. Justin YifuLinandAlojzyZ.Nowak(2017). University Press. Justin YifuLin(2017). Justin YifuLin(2017). 年 Beyond US Hegemony in International Development.CambridgeUniversity. Beyond USHegemonyinInternational 3 期。 Going BeyondAid:DevelopmentCooperationforStructuralTransformation. Cambridge Beating theOddsJump-StartingDevelopingCountries.PrincetonUniversityPress. 年第 China EconomicReview. New StructuralEconomicsforLessAdvancedCountries.Universityof 3 期。年。 China AgriculturalEconomicReview. 年第年第 4 期。 5 期。年。 8. 12. 11. 10. 9. 15. 14. 13. 16. 19. 18. 17. 20. 29. 28. 25. 24. 23. 27. 26. 21. 22. Justin Yifu Lin (2017). "New Structural Economics and Industrial Policies for Catching-Up Economies Justin YifuLin(2017)."NewStructuralEconomicsandIndustrialPoliciesforCatching-Up Initiative toachievewin-win. in theBeltandRoad comparativeadvantage beyond aid:Utilizing Justin YifuLinandYanWang(2017).Development ofInfrastructure,Journal PolicyandDevelopment,1(1),pp.4-23. Justin YifuLinandYanWang(2017).TheNewStructuralEconomics:PatientCapitalasaComparativeAdvantage. Press, pp.225-244. Varieties andTechnology ofIndustrialPolicy:GuidingResources, Learning forSustainedGrowth. CambridgeUniversity and Justin Yifu Lin (2017). "Industrial PolicyRevisited:A New Structural Economics Perspective",Eﬃciency,Finance, Coordination inAfricaandEastAsia.OxfordUniversityPress,pp.40-62. Justin Yifu through anAsianLens”, Lin (2017). "Coordination the TheoryandPracticeofSmartSpecialization.London,UK:AcademicPress,pp.185-199. 林毅夫，《新结构经济学的理论基础和发展方向》，《经济评论》，2017 China EconomicReview.InPress,AcceptedManuscript. Justin Yifu LinandJiajunXu (2018). Rethinking Industrial Policy from the Perspective of NewStructural Economics. New StructuralEconomics. of theStatein The Role Development: Economic State and The Facilitating Wang (2017). Xiaobing and Justin YifuLin 林毅夫，《中国经济学理论发展与创新的思考》，《经济研究》，2017 林毅夫，《新结构经济学、自生能力与新的理论见解》，《武汉大学学报（哲学社会科学版）》林毅夫，《一带一路与自贸区：中国新的对外开放倡议与举措》，《北京大学学报》，林毅夫，《产业政策与我国经济的发展：林毅夫，《全球变革时代下的中国经济发展》，《新华文摘》，2017 第 4(2), pp.23. Economy , the and Bank inIncubatingMarket.Man Jiajun Xu(2017).MarketMaker: TheRoleofChinaDevelopment 王勇、沈仲恺，《禀赋结构、收入不平等与产业升级》，《经济学（季刊）》，已收录。王勇，《新结构经济学视角下，产业政策何为？》，《社会科学报》，2016 王勇，《论有效市场与有为政府：新结构经济学视角下的产业政策》，《学习与探索》，2017 王勇，《垂直结构下的国有企业改革》，《国际经济评论》，2017 3 王勇、华秀萍，《详论新结构经济学中“有为政府”的内涵——兼对田国强教授批评的回复》，《经济评论》，王勇，《产业动态、国际贸易与经济增长》，《经济学（季刊）》，已收录。林毅夫、付才辉，《基于新结构经济学视角的吉林振兴发展研究》，《社会科学辑刊》，2017 林毅夫、王燕，《新结构经济学：将“耐心资本”作为一种比较优势》，《开发性金融研究》，期，第 5-15 页。 17-30 页。 Man andtheEconomy,4(2),online. Journal ofInfrastructure,Journal PolicyandDevelopment,1(2). 新结构经济学的视角》，《复旦学报（社会科学版）》， Institute ofInstituteNew StructuralEconomics ·2017Annual Report23 The Practice of Industrial Policy: Government-Business Government-Business Policy: Industrial of Practice The 年第年第年第 5 年第期（当期首篇论文），9-28。 6 年第期，第 5 期，第 3 期，第 1539 2017 44-45 6-10 期，01 4-16 年第页。 2017 页。 2017 页。 54 年第年第版。 2017 年第卷第年第 4 6 年第 2 期，100-104 期，第 1 1 期第，第期 ”, ，第期 70 Advances in Advances 148-153 卷第 5-20 11-13 3-15 2017 6 页。。期，页。页。页。年

Academic Progress Academic Progress 24 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport 31. 30. 35. 34. 33. 32. 12. 11. 10. 9. 8. 7. 6. 5. 4. 3. 2. 1. NSE WorkingPapers 39. 38. 37. 36. 徐佳君，《作为产业政策抓手的开发性金融：新结构经济学的视角》，《经济评论》，2017 第徐佳君，《政府与市场之间：新结构经济学视角下重思开发性金融机构的定位》，《开发性金融研究》，杨子荣、郑雨静，《为什么契约理论获得杨子荣、张鹏杨，《金融结构、产业结构与经济增长——基于新结构金融学视角的实证检验》，《经济学季刊》，已收录。大学学报》，2017 颜建晔、张超、王宁，《行为经济理论的再次问鼎—— MicroeconomicsEconomics Journal: , forthcoming. Y. He, A. Miralles, M. Pycia, andJ. Yan(2018). APseudo-Market Approachto Allocation with Priorities. American 第 Yong Wang:IndustrialDynamics, InternationalTrade,andEconomicGrowth Yong WangandZhongkaiShen: Endowment Structures,IncomeInequalityandIndustrialUpgrading Yong Wang:State-OwnedEnterprise ReformunderaVerticalStructure Structural Economics New of fromthePerspective Policies Industrial Government: Facilitating and Market Effective Onthe Wang: Yong Chen LinandBinkaiChen:DevelopmentStrategy:Evidencefrom Input-OutputAnalysis Justin YifuLin,YongWang:RemodelingStructuralChange Justin YifuLin:ReexaminingtheWashingtonConsensus Justin YifuLin,CélestinMongaandSamuelStandaert:InclusiveStructuralTransformationIndex(ISTI) Justin YifuLin,WeiXiang,andMiaojieYu:RegionalIndustrialPolicyFirmProductivity Caihui Fu:ATheoryofOptionalProductionFunction:FromNewClassicalEconomicstoStructural Caihui Fu:NewStructuralEconomicsTheoryandItsApplicationinTransformationUpgrading Binkai ChenandJustinYifuLin:DevelopmentStrategy,ResourceMisallocationEconomicPerformance 赵秋运、赵磊，《新结构经济学与“一带一路”：转入国的筛选和转出产业的甄别》，《西部论坛》，第赵秋运、李成明、胡巧玉，《地方政府干预与劳动收入份额：基于分税制的视角》，《经济理论与经济管理》，开经济研究》，2017 张天华、董志强、付才辉，《大城市劳动者工资为何更高？——基于不同规模城市劳动者收入分布差异的分析》，《南于佳，《“一带一路”战略下关于对外直接投资和央企“走出去”的探析》，《农村金融研究》， 8-14 82-92 36 卷第页。页。 12 期，第年 36-46 年第 12 期，第 1 页。期，90-110+152 139-144 2016 期。。年诺贝尔经济学奖》，《银行家》，2017 Richard Thaler — from thePerspectiveofNewStructuralEconomics 获得 2017 年经济学诺贝尔奖述评》，《中央财经年第 2017 年 1 3 期，第期，第年第 3 2017 140-143 ，第期 2017 14-24 年第年第 25-30 页。 2017 页。 6 4 期，期，页。年 5. 4. 3. 2. 1. Research Projects 17. 16. 15. 14. 13. 6. 8. 7. 9. Yong Wang: Technology, 2016-2017. Yong Wang: Application inNingbo,NingboFinancialHoldingCo.,Ltd.,2017-2018. Market andits Financial in theGlobal Technology of Financial Hua: TheLatestDevelopment Wang andXiuping Yong 2017. Caihui Fu: Industries asaBreakthrough(ongoing) Justin YifuLin: Qiuyun ZhaoandYongWang:TheOriginDevelopmentofNewStructuralEconomicsTheory From thePerspectiveofNewStructuralFinance Zirong Yang and Pengyang Zhang: Financial Structure, Industrial Structure and Economic Growth: A Empirical Test What OpportunitiesforDevelopingCountries? Manufacturing Light Costs inChinese to Rising Zhao: Adjusting Zuoxiang Li, and Gelb, Jiewei Xu, Stephen Jiajun of NewStructuralEconomics Jiajun Xu: Between State and Market: Rethinking the Role of Development FinancingInstitutionsfrom the Perspective Jiajun XuandSarahHager:ApplyingtheGrowthIdentificationFacilitationFrameworktoNepal Perspective of New StructuralEconomics Yong Wang: Central FinancialandEconomicLeadingGroup,2016-2017. Jiajun Xu: from thePerspectiveofNewStructuralEconomics Jiajun Xu: Jiajun Shanghai MunicipalGovernmentDevelopmentResearchCenter,2015-2017. United States Zirong Yang: 2017-2019. “ “ A Comparative Study on the Role of Development Finance in Promoting Medium and Long-term Financing: Long-term and Medium Promoting in Finance of Development Study ontheRole A Comparative Development Finance andEconomicRestructuring “ Research ontheDevelopmentMechanismandDrivingForceunderNewNormal ” “ “ “ “ , YoungScholarsProjectoftheNationalSocialScienceFoundation, 2017-2018. Forecast of the Impact of NewPolicies of the Trump Administration onthe Economics of Shanghai A Effects, Study onthe Spillover of Games Monetary PoliciesbetweenChinaandthe and Coordination Research onthe Relationship between State-Owned Enterprises andPrivate Enterprises The RiseoftheServiceIndustry:ImpactE-Commerce “ Overcome theMiddle-IncomeTrap:TakeLeadingTransformationandUpgradingofCoastal ” , fundedbytheNationalNaturalScienceFoundation,2014-2019. ” , Young ScholarsProjectof the National SocialScienceFoundation,2015– Institute ofInstituteNew StructuralEconomics ·2017Annual Report25 ” , NationalNaturalScienceFoundation,2017-2019. ” , NSFC-PKU Data Center of Management Science, ” , HongKongUniversityofScience& — ” , Office of from the — ” ,

Academic Progress Think Tank Practices 26 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport 03 that providesmethodological and statisticalsupporttootherthink-tanks. that featuresaNSEdatabasebasedonthecollectionof first-hand information analysis of policy toolbox an innovative by developing development international The INSE/ CNSE hasbecome aleadingflagship think-tank inthe field of international servicemodel. “Industrial Planning-Parks & Zones Design-Investment Promotion” one-stop INSE/CNSE’s implemented and investigations, first-hand for etc. Nepal, team hasvisited Ethiopia, Nigeria, Benin, Pakistan, Poland, Djibouti and in Zhejiang Province, and Shanghai for field surveys. The international Jilin Province,ZhongshanandGuangzhouinGuangdong Province,Ningbo The domesticprojectteamhastraveledtotheTibetAutonomousRegion, of businessleaders. dozens ofcountries,hundredsindustrialparksandcounties,thousands bases and workstations). The think-tankteam has so far visited and advised the development of locally-based CNSE/INSE branches (in forms of practice focused consultancy,training,implementationplanning,casesummary,and China FederationofIndustryandCommerce,tofocusonresearchpolicy- All- Commission, Reform and Development National of Commerce, Ministry countries, domesticgovernmentinstitutionssuchasCPCPublicityDepartment, INSE hasalsofosteredin-depthcooperationwithanumberofB&RandAfrican TheCNSE/ Upgrading”. and Transformation Economic Province/City/County Transformation”, “IndustrialTransferandRelocation”,the“NSEForumfor projects including“GlobalResearchConsortiumonEconomicStructural and training.TheINSE/CNSEhaslaunchedmultiplethink-tankservice-related translates theory into practice through policy-focused studies, consultancy, and upgradingindevelopingcountriesbyofferingapackageofservicesthat both domesticandinternationalexpertstoservetheeconomicrestructuring As one of the leading think-tanks in China, the INSE/CNSE brings together to upgradelocalindustrialstructuresandachieveeconomicgrowth. countries framework, theINSE/CNSEthink-tankservesdeveloping analytical and partnerships. Using the NSE growth identification and facilitation policy development anda wide rangeofthink-tanknetworks domestic andinternational also initiatesa series of discussions andexchangesonthink-tank construction, and diagnostictoolstodomesticinternational practices. TheINSE.CNSE The INSE/ CNSE is committed to applying NSE thoughts, theories, models, Think TankPractices Domestic Projects economics transformation and upgrading approaches. economics transformationandupgradingapproaches. generation informationtechnology,andexploredthepossible manufacturing, renewableenergy,newmaterials,andnext- clusters, i.e., agriculture, healthcare, textile, equipment vigorous discussionsandanalysisonJilin’smainindustry Province. Then together with the JDRC officials, the team had Transformation andUpgradingof Economic StructureinJilin Dr. CaihuiFuintroducedtheexposuredraftofReporton At apaneldiscussionchairedbyGuiwuAn,DirectorofJDRC, different governmentalentities. attendees includingdepartmentalleadersandofficialsfrom Policy and&Development”ataworkshopconsistofover400 Economy”, andpublishedaspecialreporton“Industrial Real the Rejuvenating and Upgrading and Transformation delivered athemedlectureentitled Bayin, JilinProvincialPartyCommitteeSecretary,,Prof.Lin CPC Committee collective learning session chaired by Chaolu upgrading. Duringthevisitingata500-participantProvincial (JDRC) onhowtorealizelocalindustrialtransformationand the Jilin Provincial Development and Reform Commission Lin visitedChangchunCityandhadin-depthdiscussionswith On August 19-22nd, 2017, the domestic team led by Prof. survey inNovember2016. completed a eighteen-day preliminary field investigation and NSE theory and analysis tools. The ten-person project team economic transformationandupgradingbyapplyingthe designed to provide a multifaceted plan to serve the province’s Launched inAugust2016,theJilinResearchProjectwas 1 and Upgrading Economic StructuralTransformation Jilin Province:Researchon “ Accelerating Economic Economic Accelerating Institute ofInstituteNew StructuralEconomics ·2017Annual Report27 ’ s religions, culture,religions, life. and civil industrial development, altoplana economy, ethics, characteristic Tibet’s cultivation, talent exchanges, in the areas ofSub-centre design, academic discipline the of agenda development the on opinions exchange to respectively, Governor Tibet Qizhala, and Region, Autonomous Tibet the of Secretary Wu, Party Yingjie with met team the and Lin Prof. Sub-centre. CNSE/INSE University Tibet the of ceremony inaugural the and report research the about symposium the for Tibet of capital the Lhasa, in landed team CNSE the 28-30th, September On the report. on commented and reviewed closely officials government and experts The Economics. and Finance of University Central Economics, of School the from panel review party a third- of scrutiny the under come industries characteristic Tibet’s of study 18th, 2017, the on September On report the solutions. policy feasible and effective with up come to and face Tibet’s and industries characteristic the they challenges drew on these first-hand investigations to understand report The departments. government 40 and enterprises 360 over covering Tibet, in surveys and interviews of form research team five conducted extensive field studies in the 2016-2017, During CNSE regions. the and cities across its transition and upgrading and development economic and industries distinctive Tibet’s on focused Project The 2 Tibetan CharacteristicIndustries Tibet: ResearchontheDevelopmentof

Think Tank Practices Think Tank Practices 28 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport landmark projects. landmark B&R of creation the supporting on agreed jointly to Commerce research of Department and CNSE the meeting, the of end At the needed. support policy the and Going-out, in company’s and difficulties willingness overseas investment opportunities, of enterprises, performance operation the industries, textile local of status the investment promotion in Guangdong, around the latest progress of African Department. The discussion centered Commerce the of premise at the associations, and textile enterprises Province,Guangdong industrial local of Commerce of Department the discussion with representatives from a held also team CNSE The oriented to Guangzhou enterprises. park industrial -aBenin-based project B&R alandmark establish to Benin and Guangzhou of governments the between apartnership suggested then He resources. natural and labor as such exist advantages comparative of countries where an abundant amount B&R and African in especially chain, investment layouts in the global value their expand to opportunity the seize shall enterprises local that noted Lin Economics and Investments. Prof. heads ofand department Business, Mayor Deputy Cai, Mr.City, Chaolin Guohui Wen, Mayor Guangzhou Mr. with met team the trip, the ambition of “Going Global”. During visit different enterprises with the to Guangzhou to traveled Li Jiewei Specialist Research and at CNSE) Researcher (former Post-doctoral Dr. Yu, Lin, Jia Dr. Chen Yifu Gang 21st, 2017, February On Justin Prof. 3 Landmark Projects the LandingofB&R Guangzhou: Supporting economy of Zhongshan. the modernizing in government the support will that advice policy practical provided and development industrial in practices city’s the of disadvantages and successes the the effectively report summarized Yang that noted Wenlong Mayor development”. The Executive Deputy future for suggestions targeted point to-the- and problems current of reasoned, with acute understanding and well-framed as “evidence-based, report the commented and practice into turned theory NSE of paradigm a as project the hailed panel, review of chair the Dr.review. Wang, Jun expert passed Upgrading” and City’sZhongshan Industrial Transition on Study “Case titled report final 2017, 3rd, November On the government. municipal held mid-term discussions with the also team project The industries. strategic emerging and healthcare the equipment, textile, furniture as well as appliance, household including the traditional manufacturing fields investigations further intoconduct to Zhongshan to ateam led Huang Dr. and Dr. Bin Chen Xi 23rd, to 2017, In October. 21st June form in survey field preliminary day by a three- 2016, of May in followed The launched was project officially 4 Upgrading Research Transformation and Zhongshan: Industrial upgrading. and transformation economic for agreement on think-tank cooperation astrategic on concluded Municipality Pingdingshan and CNSE the visit, the After perspective. aNSE on based city a resource-dependent of development sustainable and transformation economic the for forward paths possible the explored in development, economic and city by the faced challenges and of quo status the examined parties two The research. upgrading and transformation the on cooperation city’s the discuss to CNSE the visited at ERC, etc, Chief Yang, Section ERC, of Xiaohui Director Deputy Dai, Dahai Government, Municipal (ERC) Pingdingshan of Center Research Economic of Director and General Secretary Deputy 2017, 30th, Li, October Ming On ¦ City AResource-Dependent of Pingdingshan City: Transformation research. upgrading industrial NSE-based on cooperation for potential the and development city’s the on discussions saw meeting The Office. Government’s Luohe the from officials Technology, and Information and Industry for Commission Municipal Luohe of Director Zuo, Lemin Commission, Reform and Development Municipal Luohe of Director Gong, Shaojun City, Luohe of Mayor Vice Executive Gao, Xidong received team tank University, the think- CNSE domestic 2017 28th, at Peking August On Restructuring and Upgrading Luohe City: Economic 5 and Upgrading Economic Restructuring Cooperative Researchon Henan Province: Strategic ¦ academic institutes, andnewsagencies. leaders, scholars,researchers, representativesfrom to awideaudienceofgovernment officials,industrial and Jiewei Li introduced the report from different aspects Gelb, SeniorResearcheratODI, Dr.XiangxiangZhao, 12th. At the three book launch conferences, Dr. Stephen December 4th,inNingbo,on11th,andGuangzhou, for Developing Countries?-wasfirstpublishedinPekingon Opportunities What Manufacturing: Light Chinese in Costs Rising to The finalprojectreport-Adjusting Team meetingonOctober23rd. this datasetwerepresentedatthe12thNSEAcademic well astheirgoing-outstrategiesandactivitiesbasedon research onChinesefirm’stransitionandupgradingas of 280variablesand640observations.Thequantitive survey eventuallybroughtaboutadatasetconsistent sampling andstrictdataverificationcleaning,the Based onthestructuredquestionnaires,cluster-based categories: clothing,footwear,toysandhomeappliances. surveys to1,400foreigntradeenterprisesunderfour second phaseoftheproject,andconductedlarge-scale Starting in July 2017, the CNSE team launched the completed aroundmid-June. costs. Thedraftreportbasedontheseinterviewswas would makewhenfacedwiththechallengeofrisinglabor of local garment firms to understand what devisions they and Pearl River Delta. The team interviewed hundreds into theclothingindustryacrossYangtzeRiverDelta City andGuangzhoutoconductfieldinvestigations In May2017,theCNSEresearcherstravelledtoNingbo of Chinesemanufacturingfirms. and to advise on the development andgoing-out strategy rising costs,outwardforeigndirectinvestmentactivities, Chinese manufacturing firms may take amid pressures of partnership istoexaminethetransformationpathsthat of Chinese Manufacturing Firms”.The goal of the “Supporting EconomicTransformation-Survey think-tank, tojointlyundertakethecasestudyproject the OverseasDevelopmentInstitute(ODI),aBritish In April2017,theCNSEsignedapartnershipwith International Projects 1 Survey ofChineseManufacturingFirms Supporting EconomicTransformation- Institute ofInstituteNew StructuralEconomics ·2017Annual Report29 of China’slightmanufacturingindustryincoastalareas. the transformation,upgradingandgoingaboardstrategy findings provideinformativedescriptionsandinsightsinto based on industrial cluster sampling. The research case study combined withtheuse of extensive surveying research projectresultbasedonin-depthenterprise Transformation members.Itisalsothefirstsuccessful the GlobalResearchConsortiumforEconomicStructural The project is the first successful cooperation between accurate diagnosisandtargeted advice. A project reportwaswrittenwhichoffereda development. industries andto evaluate thestatus quo of FTZ process, identify thecountry’scompetitive restructuring economic Nigeria’s to betterunderstand the researchers in Nigeria.These funded companies discussions helped of Chinese- andrepresentatives Economic Counselor, Gas Corporation, the Chinese Ambassadorto Nigeria, Natural National Kano Governor,leadersoftheNigeria with NEPZAofficials, and hadextensiveconversations Abia. Theyinterviewedover40FTZ-basedbusinesses one, a potential - and (FTZ) -Kano,Lekki,Ogun,Calabar survey of the country’s fourexistingfreetradezones a field conducted Authority (NEPZA)officials Processing Export with Nigerian team working The research Nigeria. From May 7-18th, 2017,Dr. Jia Yu led a research team to exports, andtransformtheeconomy. in ordertoincreasejobopportunities,grow industrialization government onaprojecttofacilitate with theNigerian of the Central Bank. Prof. Lin signeda partnership of Finance,Industry,andthePresident and Agriculture, President, Secretary of thePresidentOffice, Ministers Professor JustinYifuLinmetwiththecountry’sVice From June 14-16th,2016inAbuja,thecapitalof Nigeria, 2 Perspective ofNewStructuralEconomics to DriveStructuralTransformation:Fromthe Nigeria: BuildingSpecialEconomicZones

Think Tank Practices Think Tank Practices 30 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport on December29th. another teamtoXuchangIndustrial Parkforfieldsurveys invest inWestAfrica,particularly inBenin,Dr.JiaYuled To assesstheviabilityofChinese wigmanufacturersto developers inordertoaccelerate thepark’sdevelopment. also had conversations with potential industrial park investment with local government officials. The delegation business environmentanddiscussedtheopportunityfor and garment sectorsin Xuchang,whoexaminedBenin’s included representativesfromthewig-manufacturing delegation toBeninforthethirdtime.The From October 28-November 7th, Dr. Jia Yu led a accepted bytheBeningovernment. from thetripwerereportedbyProf.Linandwidely base, farms,andriversandmanufacturers.Findings collected keyfirst-handdatafromthelocalagricultural locations fortheBenin-GuangdongIndustrialparks-and the mayorsofGodomeyandCalavi-twopotential Hydropower Station.Thedelegationhelddiscussionswith SEME IndustrialPark,CBTChinaTextile,andAjaxhar visited severalkeyindustrialprojectsincludingthe tour ofmajorindustrialfacilities.Thedelegationalso of Commerce,andChinesecompaniestoBeninfora and Development(ISSCAD),GuangdongDepartment from theCNSE,InstituteofSouth-SouthCooperation Prof. Linledadelegationconsistingof31members a mid-termreportwascompleted.FromJuly22-27th, Following thecompletionoften-dayfieldinvestigation investing inBenin. end of the investigation expressed a strong interest in discuss investment opportunities in Africa, who at the had helddiscussionswiththeShandongRuyiGroupto hand information.BeforethetriptoBenin,CNSE ed a few of the local Chinese companies to collect first- Department andChineseEmbassyinBenininterview Ministry ofForeignAffairs,Finance,State a ten-dayfieldinvestigation.TheteamvisitedtheBenin team andadelegationofpotentialinvestorstoBeninfor From April5-15th,2017,Dr.JiaYuledthethink-tank project wasagreedupon. invitation of President PatriceTalonat which time the Benin In December2016,Prof.JustinYifuLinvisitedBeninatthe 3 and Development Opportunities for EconomicTransformation Benin: DevelopingIndustrialParkstoSeize foundation forthelaunchofPakistanproject. businesses inPakistan.Theseconversationslaidthe Bank, andmetwithrepresentativesfromChinese-invested visited energy projects financed by the Asian Development Investment Promotion Agency for detailed project plans, from theMinistryofPlanningandDevelopment project cooperation.Healsohelddiscussionswithofficials Shehbaz Sharif,ChiefMinisterofPunjab,aboutpossible 2nd Punjab Investment Promotion, where he talked with From May21-28st,Dr.JiaYu’straveledtoPakistanforthe economic expansionforPakistan. transformation, jobcreation,exportgrowth,andultimately in Pakistan.Thepartnershipallowsforlocalindustrial China’s labor-intensivebusinessestorelocateandinvest MoC, CNSEwouldpartnerwithPakistantoencourage industrial upgradingandCPECdevelopment.Underthe economic zone planning in order to support the country’s based advice on investment promotion policies and special (CPEC) project.TheideaoftheprojectwastoofferNSE- Butt, Director of China-Pakistani Economic Corridor Memorandum ofCooperation(MoC)withHassanDaud International Cooperation,ProfessorLinsigneda On May15th,2017attheBeltandRoadForumfor benefit fromitscooperationwithChina. Lin also noted the opportunities fromwhich Pakistan could practice of reform and economic development. Professor Commerce, andchambersofcommercesharedChina’s Lin metwithofficialsfromtheMinistriesofPDR,Finance,and Development andReform(PDR).Duringthevisit,Professor invitation ofAhsanIqbaltheFederalMinisterforPlanning, cities includingIstanbul,Lahore,andKarachiatthe In April2017,ProfessorJustinYifuLintraveledtoPakistani 4 Economic CorridorDevelopment Pakistan: SupportingChina-Pakistan Factors intheEarlyStageofEthiopia Xinyue Wuofferedanoverviewofthereport: The Success 23rd atthethinktanksessionofCNSEwinterschool, Group, thedeveloperofindustrialpark.OnDecember the Ethiopian Investment Committee, investors, and CMC visited the Hawassa Industrial Park for discussions with From December11-17th,ProfessorLinandYongWang clothing manufacturers. and Fashion Designers Association and surveyed two Economy andTradeBureau,OfficeofGarmentIndustry, cluster tomeetwiththeleadersofZhongshan On June23rd,researcherstraveledtotheShaxigarment Shandong Province. Province, andHezeDezhiInternationalHealthcareParkin Taizhou PharmaceuticalHi-TechIndustrialParkinJiangsu Production ClusterinZhongshan,GuangdongProvince, cluster in Chengzhou, Zhejiang Province, Shaxi Garment surveys werefinalizedintoincludingthetie-manufacturing pharmaceutical industries.InMay2017,theplannedfield and plannedfieldsurveysforthelightmanufacturing early stageof industrial clusterdevelopment in China, authored byProfessorLinintoFrench,analyzedthe the CNSEstartedto translate inTheQuest for Prosperity In April2017theprojectwasrapidlymovingforwardas their impactonthetextileandfootwearindustries. study thecountry’sindustrialandinvestmentpolicies local businesses, governments, and academic institutes to manufacturing industry.Theresearcherspartneredwith the successstoriesofEthiopia’sexport-oriented capital cityAddisAbaba,inanattempttounderstand Foundation conductedatwo-weekfieldsurveyinEthiopia’s Research and Investment Program of Bill&Melinda Gates team fundedbytheAfricaDevelopmentTransformation From November27thtoDecember11th,2016,theCNSE 5 Program ofBill&MelindaGatesFoundation Transformation ResearchandInvestment Ethiopia: AfricaDevelopment ’ s Industrialization. Institute ofInstituteNew StructuralEconomics ·2017Annual Report31 development modelsaredeclining,ifnotcollapsing”. way ofrethinkingatatimewhenthetraditional Warsaw commented-“amorevaluableandmeaningful in whichProfessorDariuszMilczarekoftheUniversity by theacademicandbusinesscommunitiesinPoland, practiced inPoland.Thebookhasbeenwell-received Mateusz Morawiecki, where heintroduced how NSE was English-Polish bilingual book has a forward written by School ofManagement,waspublishedinWarsaw.This Professor AlojzyZ.Nowak,DeanofWarsawUniversity Less AdvancedCountriesco-editedbyProfessorLinand In October2017,thebookNewStructuralEconomicsfor development. door talksonthepracticeofNSEinPoland’seconomic world. The hour-long discussion was followed by closed on theeconomiclandscapeofChina,Poland,and Finance and Development and Deputy Prime Minister, open discussionwithMateuszMorawiecki,Ministerof Polish government.ProfessorLinalsoheldaone-hour to theInternationalEconomicForumorganizedby “Will China Continue to Be the World Economic Engine?” Advisers tothePresidentanddeliverakeynotespeech conversations with members of the Council of Economic Polish government,ProfessorLinvisitedWarsawtohave From January29-31st,2017attheinvitationof efficient marketandafacilitatinggovernment. economic development through a combination of an the NSEtheoryintopractice,Polandissettodrive industries andbottlenecksofindustrialupgrading.Putting five typesofindustries,Polandidentifieditscompetitive growth identificationandfacilitationclassificationof Plan) inFebruary2016.UsingtheNSEframeworkof an NSE-inspireddevelopmentplan(knownasMorawiecki in 1989.Thegovernment,ledbyMorawiecki,announced unprecedented victorysincethecountry’stransformation election withenoughvotestogovernalonewhichwasan 2015 whentheLawandJusticePartywonPolish The applicationofNSEinPolanddatesbacktoOctober 6 Development Economics inPoland Poland: ApplicationofNewStructural ’ s Economic

Think Tank Practices Think Tank Practices 32 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport 15. 14. 13. 12. 11. 10. 9. 8. 7. 6. 5. 4. 3. 2. 1. Think TankReports Experience? PublicityDepartment ofCPCCentralCommittee,December2017. Jiajun Xu (2017). How toPromote MDB Commission, December2017. Li Hui(2017).APolicyResearchonPromotingEquipmentManufacturing Industry.NationalDevelopmentandReform of CommerceandOfficetheForeignAffairsLeadingGroup CPCCentralCommittee,December2017. Caihui Fu (2017). Role and Inﬂuence of China of Inﬂuence and Role (2017). Fu Caihui Department oftheCPCCentralCommittee,December2017. Xi Chen (2017). Develop New Think Tanks to Secure a Greater Say for China in International Affairs. Publicity Priority. OfficeofForeignAffairstheCPCCentralCommittee,September2017. Jia Yu(2017). B&RInitiative: Aligningwith UNSustainable Development Goals asanInternational Development Featured Industries.TibetAutonomousRegionalPeople Justin Yifu Lin and Caihui Fu (2017). Report on Policy Suggestions on Transition and Development of Tibet Gradient ShiftofProcessingTrade.MinistryCommerce,August2017. Structure,IndustrialFactorDensity, and on Factor Endowment Xin Wang(2017).AnalysisonDifferentiatedPolicies Province. JilinProvincialDevelopmentandReformCommission,August2017. of Jilin and Upgrading Restructuring on Economic Fu (2017).ReportonPolicySuggestions Justin YifuLinandCaihui Commerce, July2017. Jia Yu(2017). Assessment of andSuggestionsonChina'sRoleinNewGlobal EconomicGovernance, Ministry of Central Committee,February2017. on theGo-GlobalStrategy,PublicityDepartmentofCPC Justin YifuLin,JiajunXu,andJiaYu(2017).Research Value Chains.London:CommonwealthSecretariat. Structural Transformation.FutureFragmentationProcesses:EffectivelyEngagingwiththeAscendancyofGlobal Economics Promoting for Approach Pragmatic A Framework: Facilitation and Identification Growth (2017). Xu Jiajun of South-SouthCooperationinGlobalDevelopmentSystem:Towards2030. Roles Destiny. Changing ACommon Cooperation: Ideas ofDevelopment New (2017). Carey Richard Xu and Jiajun Structural Transformation,GlobalEconomicGovernanceInitiativePolicyBrief003·10/2017. Jiajun Xu andKevinGallagher (2017). LeadingFrom the South Development Finance Institutions andGreen Jiajun Xu,SarahHager,andRaviPrasad(2017).KeySuccessFactorsinEthiopia manufacturing: whatopportunitiesfordevelopingcountries?London:ODI.Availablefromset.odi.org. Jiajun Xu, Stephen Gelb, JieweiLi, andZuoxiang Zhao (2017). Adjusting to risingcosts inChineselight ’ s Role in Economic Restructuring Based on China ’ s Outbound Investment in Domestic Economic Development. Ministry Development. Economic Domestic in Investment Outbound s ’ s Government,September2017. ’ s Early-StageIndustrialization. ’ s Development ’ s process, andmakinginformedpolicydecisions. the countries mayfaceduring challenges identifying economies, their roleinthetransitiontowardslow-carbon understanding banks in andsociallyinclusivedevelopment. The discussions alsosupporteddevelopment can doforenvironment-friendly GReCEST AnnualMeeting2017 Leading fromtheSouth:DevelopmentFinancialInstitutionsandGreenStructuralTransformation was organized by CNSE, supported by the Ethiopian Institute for Development StudiesandtheInstituteforInternationalAffairs Institute for Development was organizedbyCNSE,supportedtheEthiopian meeting washeldinAddisAbaba,capitalofEthiopia.Theevent From December13-14th,2017,GReCEST’ssecondannual Development Program(UNDP)andtheUnitedNationsOfficeforSouth-South Cooperation(UNOSSC). by theUnitedNations of SouthernThinkTank Networks,’co-convened of the‘GlobalCoalition areas undertheumbrella of thepriority as one serves The consortium Goals 2015-2030. Development the UNSustainable and structural transformation partnerships, promotesoriginalthinkingandinnovativepracticesin aneffort countries to to achieve economic help developing to fosterintellectual at theCNSE/INSE.It aspires countries andtheSecretariatishoused and developing both developed members from (ACET), GReCESThas33founding Transformation Institute (IFPRI)andtheAfricanCenterforEconomic Transformation (GReCEST)waslaunchedbytheCNSEwithsupportfrom the InternationalFoodPolicyResearch On May 18th,2016at the UNheadquarters inNewYork, the GlobalResearchConsortiumonEconomicStructural Think TankSummit:GlobalEconomicRestructuringandUpgrading:China’sTheory,PlansOpportunities Participation inGlobalGovernance New StructuralEconomics,co-editedbyJustinYifuLinandCaihuiFu. The Roadto Structural Economicsreport,ReportonGlobalEconomicRestructuringandUpgrading: the firsteverNew the B&RInitiative.Atsummit,CNSEreleased strategy under Go-Global pilots of a newsystem and outwardinvestment,developing of open economy,andpracticingthe for boostedinward policies focused sessiononthesharingofhowtodraftregion-specific and theB&Rcountries.Thepractice- China between and jointdevelopment future ofclosecooperation a the transformation,andenvisioning during enjoyed China opportunities restructuring, identifying of an examinationthetheory,practices Chinacontributedto which includedtheworld’seconomic study and practice sharing. The theory session reflected on the development of NSE The theorysessionreflected onthedevelopment study andpracticesharing. to theory respectively dedicated were which of twosessions The summitconsisted industrial parks, and Chinese governmental, financial, business, and research organizations. international organizations, embassies and consulates of B&R countries to China, foreign and Opportunities”.Thesummitbroughttogetherover400expertsrepresentativesfrom think tanksummit“GlobalEconomicRestructuringandUpgrading:China’sTheory,Solutions the CNSE and ISSCAD co-hosted at the Peking University Yingjie Exchange Center the On May9th,2017,inthelead-uptoBeltandRoadForumforInternationalCooperation, The symposium sparked engaging conversations on what development banks conversations onwhatdevelopment The symposiumsparkedengaging Financiera. bank, Nacional development of SouthernAfricanandMexican Bank Bank, Development Development Infrastructure InvestmentBank,China by BRICSstates,Asian Bank founded New Development Arabia, Saudi Bank, basedin the IslamicDevelopment banks, including development institutions and financial together awiderangeofexpertsfrommultilateral Development BankSymposium.The co-hosted the event brought High-Level Initiative (GEGI) Policy Center of BostonUniversity’sGlobalDevelopment In June 2017inBeijing,theCNSEandGlobalEconomicGovernance Institute ofInstituteNew StructuralEconomics ·2017Annual Report33 of theSecretary General onSouth-SouthCooperation. Minister, andJorgeChediek,UNOSSC DirectorandEnvoy Oqubay, SpecialEconomicAdviser to EthiopianPrime Economist of Bank, African Development HE Arkebe PresidentandChief Monga, Deputy of CNSE,Dr.Célestin Professor Yifu,ChairofGReCESTandDirector including world. Theevenfeaturedspeakers facing thedeveloping challenges and restructuring of economic the crucialrole on discussions platformforinspiring offered aprominent Cooperation. Themeeting German AgencyforInternational and the Policy, andsponsoredbytheFordFoundation

Think Tank Practices Small Institute, Big Network 34 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport 04 Big Network Small Institute, makes theCNSE/INSEathink-tankwithglobalvision. NSE’s theoretical research and practices, bolsters the theory’s influence and research institutions in China and abroad. The ever-widening network supports wide range of partnerships with universities, governmental organizations, and Under the modelof “Small Institute, Big Network”, the CNSE/INSE develops a universities, andtoeducateCNSEresearcherspractitioners. to The branchesof the CNSEaredevelopedadvanceNSEtheoreticalresearch and application,to improve NSE programs in Branch CentersforNewStructuralEconomics Parternship withDomesticandInternationalInstitutions 6. 5. 4. 3. 2. 1. network servesinthefollowingareas: of NSE, through enhancedcommunicationswithinthenetworkandimprovedaccessto external assistance.Theresearch for subfields platform tosupportNSEstudies,especially network iscommittedtoofferingan openresearch The NSEresearch NSE ResearchNetwork providing intellectualsupporttothinktankactivitiesandpolicyreports. evaluating theresearchfundedbyNSESpecialFundandprovidingacademicguidanceand; organizing andsupportingNSEacademicseminarsmeetings; developing CNSEdatabasedevelopment; teaching inNSESummerSchool/WinterSchool; selecting andreviewingNSEworkingpapers; of PrivateEconomyZhejiangUniversityinChina. Graduate SchoolofInternationalStudiesKoreaUniversity,andCentreforResearch of AustraliaNationalUniversity,UniversityEconomicsinHoChiMinhVietnam, Economics ofHiroshimaUniversityinJapan,ArndtCordenDepartment Japan, AsianDevelopmentBankInstitute,GrowthResearchSchoolof with membersincludingtheEGC,GraduateSchoolofEconomicsKobeUniversityin aims to facilitate exchanges between faculty and research fellows across the network, (EGC) of Nanyang TechnologicalUniversity (NTU) in Singapore. The research program Group (RCNG), a visiting research program initiated by the Economic Growth Center On August3rd,2017,theCNSEbecameamemberofResearchCentresNetworking responds todemand;andrunningexternaltrainingprograms. database that and financial aneconomic support theB&RInitiative;developing sectors to and business of financial resources issues; leveraging development and strategic on cutting-edge researchandpolicydiscussions studies; conducting finance theoryandcase was tostepupjointeffortsin:developing memorandum China Associationfor the Promotion of Development Financing.The of purpose the with the of understanding a memorandum On April13th,2017,theCNSEsigned Institute ofInstituteNew StructuralEconomics ·2017Annual Report35 Tibet Universitybranch wasfounded. In October2017,theEverestResearch Institute of the CNSE launched. was in TibetUniversity the CNSEbranch 2017, In September program, economicdevelopment, andpovertyreduction. support for Hetian’s investmentpromotion, state subsidy launched. The goal of the workstation is to provide intellectual workstation was In July 2017,theCNSE Hetian(Xinjiang) academic breakthroughs. economics researchfor frontier of new structural financial the was anattempttoexplore The partnership Research. Institute ofFinance National University with Tsinghua in partnership (RCNSFE) Economics Financial Structural New theResearchCenterfor In April2017,theCNSEestablished institutes. and research a numberoflocalgovernments,universities, with discussions the CNSE’scooperation following nationwide, in universities were established of branches In 2017,anumber

Small Institute, Big Network External Exchanges 36 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport 05 and Communication External Exchanges practitioners, andpromotetheapplicationofNSEresearch results. studies, optimize NSE-related disciplines, help develop NSE researchers and of NSEtheoretical and advancement abroad. Theseeventsdrivetheinnovation and and policycommunities inChina in academic NSE’s influence to strengthen The INSEisactivelyinvolved in multi-sectoralandmulti-levelexternalexchanges Footprints ofExchangesandCommunication Institute ofInstituteNew StructuralEconomics ·2017Annual Report37

External Exchanges External Exchanges February 2017 January 2017 38 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport performance andwillingnesstogo global,andtopinpointtheassociatedchallengespolicyneeds. theircurrentbusiness to understand textile businesses from local representatives and Government with leadersoftheDepartment ofCommerceGuangdong in paneldiscussions also participated Government anditseconomictradearms.They Municipal with thetopofficialsofGuangzhou for fieldsurveys.Theyheldtalks Februry 21st,ProfessorJustinYifuLinledateamtoGuangzhou National ResourceEconomicsResearchCenter. to Resource Blessing: A Perspective ofNewStructural Economics Blessing:APerspective to Resource Development of Cities with Resource-based Economy withakeynotespeech of Cities withResource-based Development and PKU forumontheTransformation the second Februry 18th,ProfessorJustinYifuLinaddressed Institute forDevelopmentEconomicsResearch. in Finland Economies China development issues,andwithKaiMykkanen,Finland Africa on Governance and Gender Development, for Economic from theDepartment held conversations withthedirectorof Agency forofficials the Development Cooperation, Norwegian Agency Cooperation Development International with theSwedish discussions in panel heparticipated WorldIn Sweden, Finland. in Sweden,Norway,Denmarkand Multipolar a in Cooperation Development of Ideas New events ofhis book the launch attended Februry 13-17th,ProfessorJustinYifuLin organized bytheUnitedFrontWorkDepartment(UFWD)ofCPCCentralCommittee. no partyaffiliations with for individuals a seminar attended Yifu Lin 9th, ProfessorJustin Februry University ofWarsaw. at the for catch-upeconomies policies andgavealectureonNSEindustrial government the Polish by a keynotespeechat the InternationalEconomicForumorganized development. Healsodelivered of China, Poland,andtheworld,practiceofNSEinPoland'seconomic economic landscape Prime Minister,onthe Deputy Mateusz Morawiecki, and to thePresident of EconomicAdvisers Council with membersofthe which hehelddiscussions January 29-31st,JustinYifuLinvisitedWarsawduring Bank inZurich. January 21st,JustinYifuLinattendedthe3rdAdvisoryCommitteeMeetingofAfricanDevelopment Guangzhou. January 20th,JustinYifuLinattendedtheParisroadshowfor2017FortuneGlobalForumin hosted byAtomThinkTank. participated inthedinnerdiscussion and in Davos Meeting Forum Annual attended the47thWorldEconomic 17th, JustinYifuLin January January 16th,JustinYifuLinattendedthe3rdOECD-DACHigh-levelCommissioninGeneva. January 13th,JustinYifuLinaddressedtheGaidarForuminMoscow. graded A. Situation - which was Economic Current the of Issues Key the On and Landscape Macroeconomic of the report-AnAnalysis authored he led the researches where Office oftheStateCouncil, Counselors' by the commissioned projects of research review the final attended 11th, JustinYifuLin January Association meetingandhostedafacultyrecruitmentsession. Economic American the annual Xin Wangattended Wang and 5-8, JustinYifuLin,Yong January on US-ChinaRelations. Committee (NSD) andtheNational by PKUNationalSchoolof Development an eventjointlyorganized January 4-5, Justin Yifu Lin attended the 15th China-USTrack II in NewYork Economic City, Dialogue and B&RInitiative Lin madeakeynotespeechentitled"NewStructuralEconomics Innovation andDevelopment,where January 3rd,JustinForumonChina Yifu LinandYongWangattendedthefirst High-Level ’ s economic development. Professor Lin also addressed the International Symposium on Asian Symposium the International addressed also Professor Lin development. s economic ” , andWangaddressedtheforum ’ s (SIDA) Acting LennartBageandthechiefeconomistteam. Director-General He ’ s capital Helsinki, which was organized by the UNU World Institute forWorld by theUNU was organized which Helsinki, s capital “ Global EconomicProspects:A Turning PointorGreat Turbulence ’ s NSEsession. ’ s Minister for Foreign TradeandDevelopment,on ” . The event was organized by PKU . Theeventwasorganized “ From Resource Curse From Resource Going beyond Aid: beyond Going ’ s economic ’ s Financial ”

March 2017 “ and gavethekeynoteaddress in Guangzhou Media Transformation-ACritical TimeforGlobalization for on Leader Seminar Spring the 2017 March 30-31st,AssociateProfessor YongWangattended Africa inCôted'Ivoireandaddressed thesession March 27-30th, Professor JustinYifu Lin attendedthe International Conferenceonthe Emergence of and deliveredakeynotespeechatthesession March 25th, Professor JustinYifuLin attended the2017AnnualMeetingof Boao Forumfor Asia (BFA) Gates todiscussChina in theevent March 24th,ProfessorJustinYifuLinparticipated Financial Cooperation:PromotionAssessmentandFutureProspects at thesession a keynotespeech She delivered of China. University and Renmin Tanks Council andPromoting Joint Development,aneventco-hostedby Financial Cooperation the BRICS Think March 22nd,Assistant Professor JiajunXuattendedthe BRICS ThinkTanks Seminar onDeepening hosted bytheShanghaiMunicipalGovernmentDevelopmentResearchCenter. a seminarontheimpactsofTrumpAdministration RCNSFE symposium.YongWangattended Fu attendedtheinaugural and ResearchFellowCaihui Wang, AssistantProfessorXinWang Professor Yong Professor JustinYifuLin,Associate March 22nd, Bank, wasinvitedasguestspeaker. “ as apanelmemberinthe81stNSDPolicyTalk March 20th,ProfessorJustinYifuLinparticipated the speech also attendedthe80thNSDPolicyTalk President PaulKagameinBeijing.ProfessorLin March 18th,ProfessorJustinYifumetwithRwandan Center (DRC)oftheStateCouncil. Respond to of the Inequality Global Challenge World: EconomicTransformationand Structural Reform Forum March 17-18th,ProfessorJustinYifuLinattendedthe2017ChinaDevelopment Commerce respectively. of Vice Minister and Qian, Minister Keming and Zhong by Shan The eventwasattended Commerce. held bytheMinistryof discussion in anexpertpanel March 14th,ProfessorJustinYifuLinparticipated Soft Powerthrough theB&RInitiative. TransferIndustrial the Accelerating Westernon to China Suggestions and on Developing Suggestions March 3-13th,ProfessorJustinYifuLinattendedtheNPCandCPPCC,submittingtwoproposals: the 12thCPPCCNationalCommittee. Mar 2nd,Professor Justin Yifu Lin attended the at group meetingconveners the 5th Plenary Sessionof March 1st,ProfessorJustinYifuLinattendedtheAIIBRoundtableonMacroeconomics. St. Louis. Bank of Reserve visit totheFederal an academic Wang paid Februry 28th,AssociateProfessorYong 12th CPPCCNationalCommittee. Committee ofthe of theStanding the 19thSession Februry 27-28th,ProfessorJustinYifuLinattended Think TanksCouncil. Februry 24th, Professor JustinYifuLinparticipatedintheExpandedMeetingof the NationalHigh-end respectively. Sun, headofUFWDandamemberthePolitburo, the PolitburoStandingCommittee,andChunlan People of theChinese Yu, Chairman proposals of the 19th National People of the19thNational proposals on the session andahearing conference Februry 22nd,ProfessorJustinYifuLinattendedaconsultative How theNewStructuralEconomics ShapestheWorld Urbanization and Growth Urbanization “ China's EconomyintheContextofChangingWorld ’ s roleintheglobalizationprocessanddevelopmentofphilanthropy. Institute ofInstituteNew StructuralEconomics ·2017Annual Report39 ” . Dr.PaulRomer,SeniorVicePresidentandChiefEconomistoftheWorld ’ s Political Consultative Conference (CPPCC) andamemberof Conference Consultative s Political ’ s Congress (NPC) for non-Communist, chaired by Zhengsheng chaired (NPC) fornon-Communist, s Congress “ Decode the ReportsfromNPCandCPPCC Decode ” “ . The event washostedby the Development Research Post-Election US “ Structural, Inclusive and Sustainable Transformation Structural, InclusiveandSustainable ’ s new policies on Shanghai policies s new ” . ” and chaired the luncheon discussion andchairedtheluncheon “ ” The GatestoSuccess2.0 . ” . ” . ’ s economy, an event s economy, ” , wherehegave “ China andthe ” withBill “ “ How to BRICS ” .

External Exchanges External Exchanges 40 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport April 2017 May 2017 economy. and Australiaontheoverallstate ofChina of China had conversationsonthemonetary policies from the Economic Research Department of the Australian CentralBank. During the meeting, they May 16th, Associate ProfessorYongWanghostedguestsfrom the Australian EmbassyinChinaand University ofScienceandTechnology, SKOLKOVOMoscowManagementInstitute,andCNSE. Markets StudiesofHongKong by theInstituteforEmerging which wasco-hosed discussion, panel marked theorganization that Bank(ADB)meeting Development Asian the annual attended May 4th,ProfessorJustinYifuLin Upgrading, StructuralTransformationandMiddle-IncomeTraps May 15th, Professor Justin Yifu Lin addressed the May 15th,ProfessorJustinYifuLinaddressed Business andEconomics. by theUniversityofInternational Trade andInvestmentSymposiumorganized May 14-15th,AssistantProfessorXinWangpresentedanacademic report at the BeijingInternational where hechairedthefirstpaneldiscussiononparallelsession offinancialconnectivity. Cooperation, Forum forInternational the BeltandRoad May 14th,ProfessorJustinYifuLinattended & RoadInitiative,ChinaDreamandtheGlobalLandscapeof21st Century". May 10th, Professor Justin YifuLinaddressedthe16thPKUGuoshiForum with akeynotespeech Global TransformationWorkshop2017,aneventhostedbyNSD. (IARU) Universities of Research Alliance May 8th,ProfessorJustinYifuLinaddressedtheInternational Middle-Income Challenge the academicpresentation University ofFinanceandEconomicsdelivered Shanghai May 2-5th, Associate Professor Yong Wang visitedFudanUniversity,East China NormalUniversityand Oil CompanyandwithofficialsoftheAbuDhabiInvestmentAuthorityonB&RInitiative. from theAbuDhabiNational with representatives April 27th,ProfessorJustinYifuLinhaddiscussions Mohamed Elshehy,DirectorofUAEMinistryEconomy. with discussions held the visit,ProfessorLinalso the visit.During during guestofhonor the Chinese as Book Fairandparticipated International April 26th,ProfessorJustinYifuLinattendedtheAbuDhabi for China entitled a keynotespeech he delivered where Association, Exchange Culture by PKUCross-strait series organized lecture 22nd, ProfessorJustinYifuLinattendedthecelebrity April with aspeech April 14th,ProfessorJustinYifuLinaddressedThe Economic Research Journal “ Growth duringChina on FosteringNewMomentumof Seminar April 13th,ProfessorJustinYifuLinattendedtheInternational CPC CentralCommittee. Office ofthe by theresearcharmofGeneral goals.Theeventwasorganized the TwoCentenaries of the deadlines between of strategicopportunities in theperiod changes and denotative connotative for ideas onscientificallystudyingandassessing April 12th,ProfessorJustinYifuLinwasinterviewed where hedeliveredacademicpresentations. April 1-15th,AssociateProfessorYongWangwasinvitedto ManagementUniversity, visit Singapore University andKarachiUniversity. in Lahore lectures gave of Commerce,and Chambers and Karachi from Lahore with representatives in Karachi,satdown Consulate-General by theChinese organized businesses on Chinese-funded a seminar of Investment.Healsoattended of theBoard andofSindh,Director Governors ofPunjab AmbassadortoPakistan, and Reform,Chinese Development Prime Minister,MinisterofPlanning, April 1-5th, Professor Justin Yifu Lin visitedPakistan,whereheheldconversationswiththe Pakistani University anddeliveredthepresentation April 26-28th,AssociateProfessorYongWangvisitedtheJapanCenterforEconomicResearchinTokyo Upgrading IndustrialStructureforaNewOpening-upPattern ’ s Rejuvenation:OntheEconomicDevelopmentofChineseMainlandandTaiwan “ On theDevelopmentandInnovationofChina ’ s Economic Transformation hosted by DRC, where he participated in thesession s EconomicTransformationhostedbyDRC,whereheparticipated ’ s 50th anniversary, where he participated in thesession s 50thanniversary,whereheparticipated ” jointlyorganizedbyADBandIMF. “ Trade andNon-convergenceofMiddle-IncomeCountries “ One Belt One Road: Global Perspectives One BeltRoad:Global ’ s EconomicTheory ” . ” . “ Cross-Strait Cooperation Editorial Boardseminar ” . “ Transcending the Transcending ” . ” “ luncheon Industrial ” “ . Belt ’ s June 2017 hosted bytheCNSEandGlobalEconomic GovernanceInitiativeofBostonUniversity. Development Sustainable and Transformation for Structural Cooperation South-South June 7th,ProfessorJustinYifu Lin attendedtheseminar hosted bytheUniversityofNorth CarolinaatChapelHill. Society Conference Research Intermediation the Financial addressed 6th, Professor JustinYifuLin June Growth andSystematTsinghuaUniversity. Symposium onEconomic June 6-9th,AssociateProfessorYongWangattendedtheInternational and Development,aneventco-hostedbyStockholmSchoolofEconomics andNSD. Innovation on Entrepreneurship, the Conference attended 6-7th, AssistantProfessorXinWang June Conference ofChinaDevelopmentStudiesinShanghaiJiaotongUniversity. presentation atthe3rdBiennial an academic June 3-4th,AssistantProfessorXinWangdelivered and Entrepreneurs:InfrastructureConstructionIndustrialization inAfrica session Construction ForuminMacau,whereheaddressedtheparallel Infrastructure Investmentand the 8thInternational June 2nd,ProfessorJustinYifuLinattended Office, andElizabethKnup,theFoundation Director ofSouthAfricaOffice, Helena HofbauerBalmori,DirectorofMexicoandCentralAmerica Vice PresidentMartinAbregu,NicoletteNaylor, including seven visitorsfromtheFordFoundation, Zhao hosted Xiangxian Fellow Research Post-doctoral Xuand 1st, AssistantProfessorJiajun June and WorkBank. Open Day,aneventco-hostedbythegovernment atUganda through industrialization a keynotespeechoncreatingjobs cabinet meeting,anddelivered a special Industrial Park,addressed Program. LinalsovisitedNamave Uganda, aswellofficialsfromtheUnitedNationsDevelopment andof and Cooperation, State for PrivatizationandInvestment, and Director of Investment Bureauof of Trade,Industry and Economic Development, the President,PrimeMinister,MinistersofPlanning During the visit, he offered policy advice onUganda the visit,heofferedpolicy During May 28-31st, ProfessorJustinYifu Lin visited Ugandaat the invitation of the Ugandan PrimeMinister. Institution. at Brookings Center China L. Thornton of John Fellow Senior Dollar, of David to thekeynotespeech member as apanel she participated and Economics,where Business of International by theUniversity Professor JiajunXuattendedthe Seminar onAfricanParticipationinGlobalValueChainsorganized speech at the the 89thNSDPolicyTalk. opening May 27th,ProfessorJustinYifuLindelivered Assistant 5s Agenda the high-level forum the high-level hisnewbook,Beating the and launched Odds: Jump-Starting Developing Countries. He alsoattended Bank meeting oftheAfricanDevelopment May 22-23rd,ProfessorJustinYifuLinattendedtheannual School ofDevelopmentandIMF. Fund Monetary the International Professor Jiajun Xu participated in the roundtable discussion on discussion in theroundtable Xu participated Professor Jiajun Environment Global in aNew Income Trap - A New StructuralEconomicsApproach entitled a speech Wang delivered Professor Yong Associate May 22nd, awarded the13thZhangPei-GangPrizeforExcellentDoctoralDissertations. University of Masters ofby Science andTechnology,wherehewas Huazhong Economics organized May 20-21st,postdoctoralfellowQiuyunZhaopresentedattheFourthAnnualAcademicMeetingfor Middle IncomeCountries featured report May 19th,AssociateProfessorYongWangpresented by theNDRC. was organized which Corridor, Economic of theChina-Pakistan development coordinated on the in themeeting Li participated Chenmei and Xi Chen CNSE researchers characteristics. & and SocialScienceswithChinese Seminar ontheDevelopmentof Science Foundation Philosophy Social of theNational Meeting Grant Review the 2017 attended Yifu Lin May 17th,ProfessorJustin ” . “ Accelerating the Implementation of theBank'sTen-YearStrategywithHigh the Implementation Accelerating ” Institute ofInstituteNew StructuralEconomics ·2017Annual Report41 inhisvisittotheSouthwesternUniversityofFinanceandEconomics. ” , an event organized by the Korea Institute of Finance. Assistant by theKoreaInstituteofFinance. , aneventorganized ” at 88th NSD Policy Talk, which was co-hosed by thePKUNational was co-hosed Talk, which at88thNSDPolicy ’ s Chinarepresentative. ’ s industrialization to thecountry s industrialization ” in the conference "Korea “ Development Banks andGreenEnergy: Development “ How toImprovetheEffectivenessof “ Trade and Non-Convergence of Trade andNon-Convergence “ Will China Escape the Middle- Escape China Will “ Dialogue between Ministers Dialogue ” . ’ s Economic Challenges ’ s leaders including s leaders ” , which was co- was , which

External Exchanges External Exchanges 42 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport Finance in Zhejiang University and gave lectures to theuniversity lectures gave and University in Zhejiang Finance on Macro Symposium the International Wang attended 17-19th, AssociateProfessorYong June trap andindustrialupgrading. World Economy:Past, Present, andFuture atthesession the pasttwodecades over meetings annual on theNBER-CCER reflection and achievements.Linsharedhis of NBER-CCERcollaboration event markingthe20thanniversary June 16-17th,ProfessorJustinYifuLinandAssociateYongWangattendedthecelebratory economic developmenttoforeignstudentsinthetrainingcenterofMinistryCommerce. of China Professor YongWangwasinvitedtogiveaNSE-basedintroduction Associate of theCommunistPartyChina. Commission Security by National risks, aneventorganized and financial on economic meeting in aclosed-door June 15th,ProfessorJustinYifuLinparticipated Workshop onChineseFirm-LevelData,whichwashostedbyPennWhartonChinaCenter. June 22-25th,AssociateProfessor YongWangvisitedtheUniversityofNottingham,Ningbo. secretary general. project withXiaoyongWang, theorganization on theBenin discussions he haddetailed where Council, Business by theChina-Africa organized session He alsoattendedapanel CNSE andthefoundation. between the opportunities investment andenergyinfrastructureconstructioninAfricacooperation on for discussions Gates Foundation June 22nd,Dr.JiaYuvisitedtheChinaofficeofBill&Melinda Fund. Development by theChina-Africa Initiative topromoteinvestmentinAfricaataneventorganized of theB&R theopportunity on seizing a seminar Xu attended June 21st,AssistantProfessorJiajun Symposium onMacroFinanceintheSouthwesternUniversityof andEconomics. June 20-21st,AssociateProfessorYongWangmadeanacademic presentationattheInternational National CommitteeonForeignPolicy,andtheCenterforInternational StrategicStudies. the think tanks Heritage Foundation,Peterson Institute including for International Economics,the US the scholarly forum in University experts fromColumbia the visit,theyjoined DC. During in NewYorkandWashington to visitmajor Americanthinktanks University andtheHeritageFoundationledasix-persondelegation of Columbia June 19-21st,ProfessorJustinYifuLinandCNSEChiefAdvisorYuPunHoiattheinvitation institutions. their between for cooperation opportunities onthepotential Development, for EconomicandSocial June 19th, Assistant Xu discussedwithZaw Professor Jiajun Oo, Executive Director of Burma's Center International TradeandInvestmentinSouthwesternUniversityofFinanceEconomics. on at theWorkshop the discussions in Wang participated 18-20th, AssistantProfessorXin June also visitedanumberofinnovativebusinessesandgovernmentorganizationsforresearchpurposes. market. Healsogaveakeynotespeech and competeinthe factors ofproduction field fortheprivatesectortoleverage playing a leveling ensure restrictions onmarketaccessto unreasonable lifting an addressabout Committee, delivering National June 14th, Professor Justin YifuLin attended the meeting of the Economic Councilof the CPPCC Comprehensives of ACFIC, where he made a speech titled a speech made he of ACFIC,where bytheCPCPartyGroup June 13th, Professor JustinYifuLinattendedthestudysessionorganized China's EconomicTheory economic growth,andProfessorLinmadethe closing speech traps and middle-income on the session presented and Wang chaired Yong University, where Wuhan Fellow Li Hui attendedthe Econometrics Society ChinaMeetingof the World EconometricSocietyin June 9-11th,ProfessorJustinYifuLin,AssociateYongWangandPost-doctoralResearch Asia developmentcooperation. of South andchallenges onthestrategies,opportunities, the SouthAsiaRegion,andherdelegation June 9th, Professor Justin Yifu Lin discussedwithMs. Annette Dixon,WorldBankVicePresidentfor ’” . “ China andthe West Economic Dialogues ” . “ China ” , and Wangpresentedhisresearchonthemiddle-income “ How to Implement the Strategic Layout of the the StrategicLayout to Implement How ’ s Free Trade Zone and the Belt & Road Initiative s FreeTradeZoneandtheBelt&Road ” and hadintensiveconversationswith ’ “ s Academy of Financial Research. He Research. of Financial s Academy The Development andInnovationof ’ s industrial upgrading and upgrading s industrial “ China in the in China ” atthe ‘ Four- ’ s July 2017 of China Meeting July 8-9th,ProfessorJustinYifuLinandAssociateYongWangattendedtheAnnual the region. and governmentorganizationsto explore howbest to establish a pilot zonefor in poverty alleviation State Council, traveledto Hetian insouthernXinjiang.Theysurveyedlocal businesses,industrialparks Office of the by theCounselors' July 18-20th,ProfessorJustinYifu Linandaresearchteam,organized the PrivateSector session on consulting Committee-hosted the CPPCCNational July 18th,ProfessorJustinYifuLinaddressed Economic andSocialCouncil. of theCPPCC Meeting Analysis Situation the Economic July 17th,ProfessorJustinYifuLinaddressed University Teachers. Summer Institutefor Education Economics of the9thHigh-level NSE withparticipants research on and July 14th, Professor Justin Yifu Lin andAssociateProfessorYongWangsharedtheirteachingpractices Global Forum. Business Go- meeting oftheChinese annual the 2017 July 13th,ProfessorJustinYifuLinaddressed July 11-12th, Professor JustinYifuLinattendedthe10thSessionof11thACFICStandingCommittee. Award. of NewStructuralEconomics Structure–From thePerspective Optimal Banking Lin of Finance. School presentations at the 2017 China FinancialResearchConferencehosted by Tsinghua UniversityPBC academic Professor YongWangdelivered and Associate July 10-11th,ProfessorJustinYifuLin session. Structural Economics,ViablityandNewTheoreticalInsights entitled July 7th, Professor JustinYifu Lin attendedtheTianjinForum2017,wherehemadeakeynotespeech World BankSeniorEconomist. Senior InvestmentPolicyOfficeroftheInternationalFinanceCorporation,andYanWang,former with theco-authorCélestinMonga,wheretheyheldaroundtablediscussionXiaofangShen, attended thelauncheventofhisnewbookBeatingOdds:Jump-StartingDevelopingCountries and OpportunitiesintheNewContextofGlobalization July 6th,ProfessorJustinYifuLindeliveredthekeynoteaddress “ Conference a keynotespeechat the 8thAsianLeadership July 2-4th,ProfessorJustinYifuLindelivered he chairedandaddressedthesession where Summer Instituteprogram, the CCER 27-30th, AssociateProfessorYongWangattended June Theory andEvidence keynote speech, in Rwanda,wherehedelivered Shareholders June 27-29th,ProfessorJustinYifuLinattendedAfreximbank Social Council. of theCPPCCEconomicand key reforms,andthemeetingforchairmen on accelerating discussions for group Committee Standing of CPPCC the meeting attended Yifu Lin 26th, ProfessorJustin June Economies WorkshopinJinanUniversity. attheFirmsinEmerging presentation an academic Assistant ProfessorXinWangmade 24-26th, June Province “ & Forumon Conference Innovation China the inaugural June 24th,ProfessorJustinYifuLinaddressed New LeadershipintheEraofHyper-Uncertainty:TowardsCooperationandProsperity Innovation Shapes the Future - Practices of Innovation-driven Development in China and Guangdong and inChina Development theFuture-PracticesofInnovation-driven Shapes Innovation “ The B&RImitativeandFreeTradeZone:China ” ’ s Development Economics inWenzhou,whereLingaveakeynotespeechentitled Economics s Development . “ Developing a Close and Clean Government-Business Relationship for HealthyGrowthin Relationship Government-Business a CloseandClean Developing ” . ” . ’ s joint paper with Yilin Zhang and Qiang Gong Qiang and Zhang withYilin paper s joint Institute ofInstituteNew StructuralEconomics ·2017Annual Report43 “ Economic GrowthandDevelopment ’ s NewOpening-upStrategy ” atthe100thPKUBoyaForum.Healso ” and YongWangchairedaNSE-focused “ Trade asaCatalystforIndustrialization: ’ s 24th Annual General Meetingof s 24thAnnual “ Next Stop,Africa-TheChallenges “ Firm Scale, Bank Scale and Scale Firm Scale,Bank ” . ” wontheBestPaper ” . ” . “ New

External Exchanges External Exchanges August 2017 44 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport Wave ofDevelopmentThinking the speech anddelivered Committee inChangchun Provincial of theCPCJilin session learning at thecollective August 20-21st,ProfessorJustinYifuLinpresented and industrialupgradingintheJilinProvince. August 19-20th,AssociateProfessorYongWangattendedthelaunch eventofareportonrestructuring Inspiration toOtherDevelopingCountries University of Technology andUNESCO, where hemadethe keynote speech and Poverty:ChinatheWorld August 19th, Professor Justin Yifu Lin attended the 2017 IPP International Conference IPP International August 19th,ProfessorJustinYifuLinattendedthe2017 Prosperity Xinhuanet ThinkerandthePublicPolicyResearchCenterofCounselors Development August 11th,ProfessorJustinYifuLinmadethekeynotespeech Technological UniversityinSingapore. transformation and participated in the parallel session the parallel in participated and transformation from China learn could onhowtheotherBRICScountries a keynotespeech he made where Fujian Province, in Quanzhou, Committee oftheCPCCentral Department Publicity by the hosted on Governance the BRICS Seminar attended Professor JustinYifuLin August 17-18th, August 13-15th,ProfessorJustinYifuLinaddressedtheSingaporeRegionalBusinessForum. Inner MongoliaUniversityandchairedaNSE-focusedseminar. at in Economics Meeting China the Annual August 11-13th,AssociateProfessorYongWangattended WorldandEconomics for theDeveloping August 4th, Professor JustinYifuLinmadeaspeechentitled Structural Perspective where he delivered thekeynotespeech where hedelivered Economic ReviewConference, August 2-3rd,ProfessorJustinYifuLinattendedthe7thSingapore Value Chains the keynotespeech Workshop, wherehedelivered and Research Training August 1st, Professor JustinYifuLinattendedtheUIBEGlobalValueChain and opportunitiesforTanzania'seconomicdevelopment. REPOA, the largestthinktankinTanzania,onstructuraltransformationAfricaandchallenges the B&RInitiativemightbringabout,andcomparednoteswith restructuring andtheopportunities on China Management and Economics Institute ofApplied lectures atBenin Park, delivered They also KaletaHydroelectricPowerPlantinGuineaandBeninIndustrial visited theChina-funded enterprises. Chinese-funded and counselors, business and ambassadors banks, Chinese central and with thecountries July 22-30th, Professor JustinYifu to Lin leda delegation Guinea,Benin andTanzania.The team met for academicexchanges. July 20-26th,AssociateProfessorYongWangvisitedHongKongUniversityof Science andTechnology national economicandsocialdevelopment. concerning on issues opinions and his advice the meeting,heshared During Beijing. in Zhongnanhai, by theCommittee chaired and Committee by theCPCCentral organized parties political July 21st,ProfessorJustinYifuLinattendedameetingformembersofnon-communist by theUnitedNationsDevelopment Programme. hosted - South-SouthCooperation, Solutions and Financing Development Workshop onLow-Carbon a keynotespeechinthefinancesession ofthe August 28th,AssistantProfessor JiajunXudelivered changed andtheunchangedin Chineseeconomy. report onthe of theACFICcadreswithafeatured all addressed August 24th,ProfessorJustinYifuLin ” . ” ” at a consulting session in the headquarters of Xinhuanet, which was co-hosted by was co-hosted which of Xinhuanet, in theheadquarters session ataconsulting . AssociateProfessorYongWanggalsomadeanacademicpresentationattheevent. ’ presidents, top officialsinchargeofeconomy,investment, commerce,education presidents, ” . ” atJilinUniversity ” co-organized by the InstituteofPublicPolicySouthChina co-organized ” “ ” at the Nanyang Centre for Public Administration of Nanyang Centre forPublicAdministration attheNanyang Development Ideas and Development Performance:ANew Ideas andDevelopment Development . ’ s TheoreticalStudiesCenter. “ Comparative Advantage,Task Trade andGlobal “ Increasing Communication for Cultural Communication Increasing “ The RiseofChinaandIts Implications “ “ New StructuralEconomics:TheThird New MomentumofChina ’ s General Secretary XiJinping s General ’ Office. ’ “ s successfuleconomic The China Miracle:An “ Development ’ s Economic ’ s industrial September 2017 University. and NewTheoreticalInsights September 23rd,ProfessorJustin YifuLindeliveredthe speech of Zhongnanhaifordiscussionsontheworld-China,andChina-EU economicandtradecooperation. Ma Kai andShaukat Aziz, CIC advisor and former Pakistani PrimeMinister,inthe Ziguang Pavilion in themeetingbetweenVicePremier Meetingandparticipated AdvisoryCouncil (CIC) International Investment Corporation China the Annual attended 21-22th, ProfessorJustinYifuLin September delivered anacademicpresentationatXi Wang Professor Yong Associate Xinhuanet. Office oftheStateCouncil,AQSIQ, and Counselors by the Forum co-hosted Guoshi the 2017 addressed 21st, ProfessorJustinYifuLin September Reform Commission. Conference, aneventco-hostedbytheChinaFortuneMediaGroup andXi Comprehensive Park Development Forum & Park Development Comprehensive Talk. Associate ProfessorYongWangchaireda roundtable discussionat the 2017 Euro-AsiaEconomic and Foresight Reflection University: Years ofPeking 120 and in China Opening-up speech the keynote delivered Yifu Lin 20th, ProfessorJustin September 120th anniversarycelebration,andPKUPresidentOffice. on New Structural Economics New on PKU (NSD) of Development School Talk ofNational Innovations -ASpecial Pioneering September 19th,ProfessorJustinYifuLinattended Economy. Institute ofSuburban by theChinese products inNanning,whichwasorganized strategies ofagriculture on brand program on NSEatatraining 18th, AssociateProfessorYongWanggavelessons September “ address where gavethekeynote in Russia, St. Petersburg by HSEUniversity organized Conference Innovation and Business the BRICSGlobal attended 13-16th, ProfessorJustinYifuLin September South-South Cooperation:Industrialdevelopmentandtechnologytransferforsustainable South CooperationorganizedbytheUNofficeinChina,duringwhichheaddressedsession September 12th,ProfessorJustinYifuLinattendedthecelebrationofUNInternationalDayforSouth- project onnationalassettradingplatformforPPP. between theChinaMinshengBankand NSD,whichalsomarkedthelaunchof a research cooperation of thestrategicresearch ceremony the signing attended 11th, ProfessorJustinYifuLin September Municipal People and Beijing which wasco-hostedbytheTaiwan AffairsOffice of theStateCouncil Forum inBeijing, Technology and Science the 20thBeijing-Taiwan addressed 8th, PrrrrofessorJustinYifuLin September and InclusiveGrowthatSouthwesternUniversityofFinanceEconomics. September 8-9th, Associate ProfessorYongWangattendedthe International ConferenceonInequality Economic ChallengesandOpportunities September 6-7th, Professor Justin Yifu Lin addressed the conference 6-7th, ProfessorJustinYifuLinaddressed September September 5th,ProfessorJustinYifuLinaddressedtheOverseasDevelopmentInstituteinLondon. Institute ofUrbanDevelopmentandNanjingAuditUniversity. September 2nd,AssociateProfessor conference co-hostedby Yong Wangattendedanacademic the 9th CEA(Europe)AnnualConferenceattheUniversityofManchesterinUK. September 1-4th, Professor JustinYifu Lin deliveredkeynotespeechat the 28th CEA (the UK) and the August 28-30th,ProfessorJustinYifuLinattendedtheCPPCCStandingCommitteemeeting. China ’ s 120th anniversary, where he delivered the keynote speech the keynote he delivered where s 120thanniversary, ’ s BeltandRoadInitiative:ImplicationsOpportunitiesfortheWorld. ’ s Government. Institute ofInstituteNew StructuralEconomics ·2017Annual Report45 ” ” aspartoftheNanQiangAcademic LectureSerieshostedbyXiamen . The event was co-hosted by NSD, the preparation committee for the committee by NSD,thepreparation co-hosted . Theeventwas ” ’ attheUniversityofNottinghaminUK. an JiaotongUniversity. “ Belt andRoad “ Leading the Future: Honoring Traditionsand Leading ” Industrial Park Development Roundtable Park Development Industrial “ New StructuralEconomics,Viablity “ China ’ s responsibility: Researches s responsibility: “ China at theCrossroads: China “ 40 Years of Reform and of Reform Years 40 ” ’ an Development and an Development ” ” , in celebration of , incelebration atthe51stIHSS “ Future of Future of ” .

External Exchanges External Exchanges October 2017 46 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport Standing Committee. of the 12th CPPCC the 23rdSession attended Yifu Lin 1st, ProfessorJustin October 31st-November or NewGlobalization? at theconference a keynotespeech October 29th,ProfessorJustinYifuLindelivered Memorial LectureatCambridgeUniversityintheUK. Needham Joseph annual at thesecond a speech delivered Yifu Lin Professor Justin October 26-28th, October 24th,ProfessorJustinYifuLinattendedtheclosingceremony ofthe19thCPCNationalCongress. “ of the goal supported from, which to draw countries for otherdeveloping practices development good offered that China noted interview, a CCTVbroadcast in Yifu Lin, October 21st,ProfessorJustin which theyagreedtocooperateonanumberoffields. in Finance,during professor and anassociate Finance for Inclusive oftheCentre Secretary General Hua, Xiuping Martin Lockettand Dean including (NUBS China), China School Business University Wang hostedfourvisitorsfromNottingham Professor Yong Kong. Associate in Hong Foundation October 20th, Professor Justin Yifu Lin addressedthe celebration of 30th anniversary Pei Wah the DevelopingWorld Kong, wherehedeliveredthe speech in Hong Univeristy Lingnan in Countries Asian and China between Cooperation and Initiative: Dialogue October 19th,ProfessorJustinYifuLinattendedthe2017HongKongForumonBeltandRoad presented hisunderstandingofthereport. Lin Proffesoir After themeeting, Committee. Central CPC of the18th behalf on Xi Jinping Secretary as a Party non-Communist where helistenedto representative, the work report deliveredby General Congress session ofthe19thCPCNational October 18th,ProfessorJustinYifuLinattendedtheopening Kong PolytechnicUniversity. Implications fortheEconomicsandWorld the keynote speech October 16th,ProfessorJustinYifuLindelivered School ofEconomicsanddirectortheYUFEFinancialResearchInstitute. by ProfessorGongGang,deanoftheYUFE with theresearchteamheaded economics inpartnership in the YUFE-CNSEseminar They launched exchanges. (YUFE) foracademic and Economics Finance to Yunnan Universityof October 14-19th,AssociateProfessorYongWangleda10-persondelegation Special ActiontoSupportSMEParticipateinBeltandRoadInitiative organized bytheCounselors Meeting Analysis Situation Q1-Q3 Economic the 2017 attended October 11th,ProfessorJustinYifuLin was hostedbyShanghaiInstituteofInternationalStudies. discussions onAfrica in he participated where Forum inShanghai, Cooperation South-South and the AfricanDevelopment session. Dr.JiaYuattended five yearsandtheACFICPartyBranchcollectivetheoreticallearning over thepast of ACFICachievements the exhibition attended October 10th,ProfessorJustinYifuLin Social Sciences.Theeventwashostedbythe of China September 28th, Associate Professor Yong Wangattendeda seminar on the reflection andforesight government, MinistryofFinanceChina,andChinaDevelopmentBank. through Innovation Leapfrogging September 24-28th,ProfessorJustinYifuLinaddressedthe3rdInvestinginAfricaForum October 12-13th, Dr. Jia Yu delivered akeynotespeechatthesummit October 12-13th,Dr.JiaYudelivered building acommunityofsharedfuture ’ s structural reformat the Institute of World EconomicsandPolitics of theChineseAcademy ’ ” s industrialization, industrial policies, and industrial park development.Theevent policies, andindustrial industrial s industrialization, ” . atFudanUniversity. ’ Office. ” . The eventwasco-hostedbythe World Bank,Senegalese “ ” The Belt and RoadInitiative:Implications Opportunitiesfor proposedbythe19thCPCNationalCongress. International EconomicRevieweditorialboard. International ” as partoftheGlobalLeaderLectureSeriesinHong ” inGuangzhou. “ “ Embracing Africa underthe Embracing The RiseofChinaandIts “ Deglobalization “ Africa November 2017 Committee andthe 12thACFICNationalCongress. 21-27th, ProfessorJustinYifuLinattendedthe6thMeetingof11th ACFIC Executive November income countries. of middle- and theupgrading structural transformation upgrading, on industrial he madeaspeech Landscape in the Context of Deglobalization and China and in theContextofDeglobalization Landscape November 18-19th, Associate ProfessorYongWangattendedthe seminar 2017 ChinaEconomicsPrizeAwardingCeremonyinBeijing. Congress. He also delivered the keynotespeech Congress. Healsodelivered ofthe13thPKUCPCParty ceremony 18th, ProfessorJustinYifuLinattendedtheopening November Government andIFF. Municipal bytheGuangzhou in fivesectors.Theeventwasco-hosted innovations grow strongerthrough in Guangzhou,wherehesuggested thatChinacould Finance Forum(IFF) 2017 AnnualConference sessionof the International Dialogue November 17th,ProfessorJustinYifuLinattendedtheLeadership Studies University. Rejuvenation to theWorld Rejuvenation hosted by the Harvard Center in Shanghai. He also delivered the speech hosted bytheHarvardCenterinShanghai.Healsodelivered November 16th, Professor JustinYifuLinaddressedtheShanghaiConferenceonAfrica and Asia respectively. from thePerspectiveofNewStructuralEconomics Government: IndustrialPolicies and Facilitating in ChinaandNingbo Transformation andStructuralReform Development Forum (AutumnSession) Development November 15th,ProfessorJustinYifuLinandAssociateYongWangattendedtheNingbo “ and Development" Sustainable towards Initiative Road of theBeltand asdrivers Private Partnerships Forum of theWorldEconomic Meeting the Annual 11-12th, ProfessorJustinYifuLinattended November entitled a presentation he gave where University, at Tianjin Policies and Economy Industrial and Environment, November 11th,AssociateProfessorYongWangattendedthesecondSeminaronEnergy, Economics toPromotethe Trade Cooperation Forum in Shenzhen, where he delivered the keynotespeech wherehedelivered Forum inShenzhen, Trade Cooperation November 10th,AssociateProfessorYongWangattendedthefirst Institute ofTechnologyinShenzhen. Industrial Upgrading andIndustrialPolicies Industrial Upgrading November 9th, Associate Professor Yong Wang delivered keynote speech keynote delivered Wang Professor Yong 9th, Associate November Adjustment andMiddle-IncomeTrap 8th, AssociateProfessorYongWanggaveaspeechentitled November Inclusive andSustainableIndustrializationinGhana:ANewStructuralEconomicsApproach economic restructuring and industrialization. He also delivered a speechon Healsodelivered economic restructuringandindustrialization. Sun, onAfrica Baohong Ambassador Ken OforiAtta, members ofGhanaParliament,andChinese Minister Joe Ghartey,Finance Minister Development Kyeremanten, Railways Trade MinisterJohnAlan and JohnAgyekumKufuor,Industry JerryJohnRawlings Bawumia, formerPresidents Mahamudu withGhana had conversations 7-10th, JustinYifuLinvisitedGhanaand November parties organizedbyUFWD. November 7th, Professor JustinYifu Lin attendedameetingfor members of non-communist political with themunicipalgovernment. Province, fordiscussions November 2-3,ProfessorJustinYifuLintravelledto Zhongshan, Guangdong industrial upgradingandwaspresentedwiththeYoungChineseEconomistAward. China, wherehepresidedovera roundtable discussionfor young ChineseeconomistsonChina November 1-2nd,AssociateProfessor Yong Wangattendedthe BRIC Forum Annual Conventionin Innovation Transformations:China ’ s Global FutureCouncilsinDubaiasacounselor,whereheparticipatedthesessions “ Marshall Externality,IndustrialUpgrading,andPolicy ’ s Opportunities after the 19th CPC National Congress afterthe19thCPCNational s Opportunities Institute ofInstituteNew StructuralEconomics ·2017Annual Report47 ‘ ” Belt andRoad aspartofthe ” . ” atPekingUniversityHSBCBusinessSchoolinShenzhen. ” , where they delivered speeches , wheretheydelivered ’ Initiative “ ” Build aNewEcosystemforDevelopment:Economic at the School of Economics and Management of Harbin andManagement attheSchoolofEconomics “ World•China “ ” Heralding the Age of Chinese Economists the AgeofChinese Heralding andwasappointedsenioradvisortotheforum. ’ s Countermeasures ” Lecture Series at Shanghai International LectureSeriesatShanghai “ Belt andRoad “ Industrial Upgrading, Structural Upgrading, Industrial ” . “ The ImplicationofChina “ ” How toachieveDynamic, at Jilin University, where University, atJilin “ Economic Development ” and “ The World Economic “ “ Using NewStructural Marshall Externality, Marshall ” CityEconomicand “ ’ s VicePresident Effective Market ” atIEA. ” “ atthe Public ’ ’ ’ s s s ”

External Exchanges External Exchanges December 2017 48 Institute ofInstitute New StructuralEconomics ·2017 AnnualReport the NSD under the themeof the NSDunder by Forum hosted Development National the second attended 10th, ProfessorJustinYifuLin December including LiKeqiang,YuZhengsheng,ZhangGaoli,WangHuningandHanZheng. parties in The event Zhongnanhai. was chairedby General Secretary Xi Jinping, withattendees political a meetingformembersofnon-communist December 6th,ProfessorJustinYifuLinaddressed Future. speech and of Cooperation ChinaInstitute for wherehemadethe South-South AgriculturalCooperation, under the Belt andRoadInitiative& Founding Ceremony of China Beltand Road Institute for Agricultural December 4th, Forum Professor JustinYifu on AgriculturalCooperation Lin attendedtheHigh-level paper inhisdiscussionswithstudentsandfacultymembersofKobeUniversity. speech the Integration andEconomicGrowthatKobeUniversityinJapan,wherehedelivered Trade, Financial on Conference International the 2017 Wang attended Yong Professor 1-7th, Associate December the byInternationalDepartment oftheCPCCentralCommittee. CPPCC. Dr.JiaYuattendedthe Symposiumon December 27th, Prof. Justin Yifu Lin attended the Plenary Sessionof the Economic Committee of the Prosperity Meeting, during whichhe High-level delivered the speech with WorldPoliticalParties December 1-2nd,ProfessorJustinYifuLinattendedthe CPC inDialogue Policies fromthePerspectiveofNewStructuralEconomics with aspeech the 48thNSDDPSWorkshop Market Access toGlobal Economy andFinancing Real the themeof under Media Caixin and Bank Minsheng co-hosted byChina was Summit, wherehemadethespeech development practices. ProfessorLin also attendedthe2017 development notes onEthiopia they compared the visit, During Government, andMakhtarDiop,WorldBankVicePresidentfortheAfricaRegion. Front andDeputyPrimeMinisterofEthiopian Democratic Revolutionary People's Ethiopian the ruling Demeke Mekonnen,DeputyChairmanof and Development,hostedvisitorsincluding Cooperation November 30th, Professor JustinYifu Lin andProfessorJunFu, Dean of Institute of South-South the MacroeconomicControlandMonetaryPolicysession. hostedbyGuanghuaSchoolof Management andpresidedoverthesecondhalfof Finance Conference an academicpresentationat November 25th, Associate ProfessorJianyeYandeliveredthe 2017 China by Tianjin University University and gaveaspeechentitled by Tianjin December 23rd,Prof. Justin YifuLinattendedtheMaYinchuMemorialLecturesinEconomicshosted Conference. December 22nd,ProfessorJustinYifu Lin attendeda UFWD meeting at the Central EconomicWork Councelors December 21st, Session hostedbythe Professor JustinYifuLinattendedtheGuoshiConsulting by theInstituteforState-ownedEnterprisesatTsinghuaUniversity. Structure State-owned Economy December 17th,AssociateProfessorYongWangattendedtheForum Investment Commission,thepark with theEthiopian Park andhelddiscussions Industrial the stay,hevisitedHawassa During in Ethiopia. 11-17, ProfessorJustinYifuLinattendedtheIFPRI COMPACT 2025Conference December China's ReformandOpening-up. of the 40thanniversary Theeventalsokickedoffaseriesofactivitiescelebrating speech. the closing ” “ “ TheeventwashostedbyChinaAgriculturalUniversity. The 19th CPC National Congress: China and the Strategy of Creating a Community of Shared a Community the StrategyofCreating and Congress: China The 19thCPCNational Trade and Non-convergence of middle-income countries of middle-income Trade andNon-convergence ” at the Mixed Ownership ReformandSOE Development session. The event wasorganized ” atthesession ’ OfficeoftheStateCouncil. ” and delivered thespeech anddelivered “ Communist PartyofChinaandtheWorldinNewEra “ Reform and Opening-up during China during Reform andOpening-up ’ s developerCMCGroup,andinvestors. ’ s economic development, industrial innovation in Africaandthe innovation industrial development, s economic “ China WillBecomeaHigh-IncomeEconomyby2025 “ Effective Market and Facilitating Government: Industrial Facilitating Effective Marketand “ From Chinese MiraclestoNewStructuralEconomics “ Current SituationoftheWorldEconomy “ State-Owned EnterpriseReformunderaVertical ” . Associate Professor Yong Wang presented at . AssociateProfessorYongWangpresented ” “ . Sharing Experienceto Promote Common “ Belt andRoad ” . He also talked about the 2015 JME . Healsotalkedaboutthe2015 ’ s Development “ Reform and Development of Reform andDevelopment ” Investment andFinancing “ Serving the Needs of the Needs Serving ” , where he delivered , where ” . ” ” . The event hostedby ” . Concluding Remarks

The Institute of New Structural Economics at Peking University aims to advance, promote and practice the New Structural Economics and participate in international economic governance. It aspires to be a think tank with global vision that assists local industrial transformation, offering a platform for theoretical researches, policy practices and education and training that sets a new trend of international development economics. The idea is to draw from the development experience of China and other developing countries for theoretical innovation, in order to bridge theory and policy practice. Along with Peking University in its efforts to be a world top-tier university, INSE endeavors to contribute to the great rejuvenation of the Chinese nation, advancement of academic thinking, elevation of soft power, and promotion of knowledge and human well-being.

The PKU Institute of New Structural Economics aims to advance, promote and practice New Structural Economics and to participate in international economic governance. Aspiring to become a think tank with a global vision that serves local industrial transformation, the INSE offers a platform for theoretical research, policy practices, education, and training that sets the trend for international development economics. The purpose of the INSE is to drawn upon the development experiences of China and other developing countries for theoretical innovation, bridging theory and policy practice. INSE sets the precedent for theoretical innovation in China’s community of social sciences, which is conducive to PKU’s efforts towards the world’s first-class university and contributes to China’s development and enhanced soft power, international academic studies, and improved social welfare worldwide.

Propel Theoretical Innovation: INSE is dedicated to the innovation, enrichment, and widening application of NSE theory and policy framework in order to contribute to the social development worldwide. It also aims to help officials, academics, and students worldwide understand and practice NSE as an alternative to the mainstream development theories of developed countries and instead to find a path to modernization that suits their country’s needs the best.

Establish NSE Disciplinary System: The INSE is committed to introducing a structural system into economics, rendering unstructured mainstream theories into (or those structured exclusively on the experience of developed countries) a thing of the past. This is achieved by bringing NSE perspectives, theory, and approaches to the sub-fields of Economics, which fosters a disciplinary system of New Structural Economics. Specifically, the CNSE is developing NSE textbooks, courses, and graduate programs.

Develop Global High-end Think Tank: To build a world-leading think tank that sets the trend for international development studies and policy practices, the INSE will initiate a policy consulting system by creating partnerships with international organizations, governments of developing countries, and business sectors to regularly publish flagship think tank reports.

Cultivate Top-tier Talents: The INSE supports the programs of the PKU Institute of South-South Cooperation and Development, which was initiated by President Xi Jinping at the 70th Anniversary of the United Nations, by introducing the NSE theories and economic transformation experiences of China and other developing countries to the students. The INSE also offers online courses to engage more young students into learning NSE theories.

Bridge Theory and Practice:TThe notion of INSE is that knowledge without action is not true knowledge and that success in interweaving knowledge with practice justifies true knowledge. New Structural Economics underscores translating practices based on law of development into successful cases, since only when it is effective in practice, can a theory be true and substantially contribute to the development of mankind.

In the years to come, the INSE will continue to regard success in practice as the only benchmark of what true knowledge is. The INSE will continue to work to bridge theory and practice in its academic research and think tank services to support China’s comprehensive reform and economic restructuring. Specifically, the INSE helps local governments to identify economic development bottlenecks and to explore development paths that suit themselves the best, leading to a smoother economic transformation and upgrading process. It also supports the economic take-off of developing countries with packaged services encompassing industrial planning, industrial park planning, and investment promotion. With a focus on China and a global vision, the INSE is committed to the advancement of economic theories and the reform of policy practices.

Institute of Institute of New Structural Economics · 2017 Annual Report 49 For more information:

www http://www.nse.pku.edu.cn/ 北京大学新结构经济学研究院

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