In January 2024, laboratory director Lv Yue was invited to attend the 2024 academic conference hosted by the Yangtze River Industrial Economics Research Institute of Nanjing University, and delivered a keynote speech entitled "Analysis and Response to the Current Situation of China's Industrial Chain Security". Professor Liu Zhibiao, Dean of the Yangtze River Industrial Economics Research Institute at Nanjing University, Xu Ming, President of the Jiangsu Provincial Political Consultative Conference Theoretical Research Association, and Xia Jiechang, Vice Dean of the Institute of Finance and Economics Strategy at the Chinese Academy of Social Sciences, attended the meeting.

On January 26, the annual academic conference (2024) of the Yangtze River Industrial Economics Research Institute was held in Nanjing. The conference widely invited experts from government departments, universities, scientific research institutions and other sectors to conduct in-depth discussions and exchanges on the theory and practice of the construction of modern industrial systems in the new era around the "construction of modern industrial systems under new quality productivity", so as to provide useful exploration for the economic level to promote the construction of Chinese path to modernization. Nearly 200 colleagues from think tanks, academia, and business from all over the country attended the conference. The meeting was chaired by Jiang Jing, Secretary General of the Yangtze River Industrial Economics Research Institute.

In his speech, Liu Zhibiao, President of the Yangtze River Industrial Economics Research Institute, welcomed the guests from all walks of life attending the conference and expressed gratitude to the leaders and experts who have long supported and cared for the construction and development of the Yangtze River Industrial Economics Research Institute. He also introduced that with the leadership and strong support of the Jiangsu Provincial Party Committee Propaganda Department and Nanjing University, the Yangtze River Industrial Economics Research Institute is undergoing reform and restructuring, optimizing and upgrading the existing think tank governance system, reshaping institutional mechanisms, improving organizational structure, coordinating and integrating high-quality resources and research forces of provincial universities, expanding research fields, and enriching the talent team. In the future, the development prospects and scale of the Yangtze River Industrial Economics Research Institute will reach a new level.

Vice President Xu Ning reported on the construction of our hospital in terms of modernization, platformization, and digitization, as well as the work and achievements in team building, decision-making consulting, theoretical research, public opinion dissemination, and other fields.

Xu Ming, President of the Theoretical Research Association of the Jiangsu Provincial Political Consultative Conference, delivered a keynote speech titled "Smart Agriculture: Creating a Modern Version of 'New Precision Farming'". He pointed out that smart agriculture is the new quality productivity of agriculture and the only way to demonstrate a strong agricultural country. Smart agriculture fully utilizes the achievements of modern information technology to achieve refined, efficient, and green development of agriculture, with broad prospects for development. At present, the development of modern agriculture in China is still dominated by mechanization, and agricultural digitization focuses on government information services. The level of informationization in agricultural field planting is relatively low, and at the same time, it faces three major bottlenecks: low agricultural labor productivity, insufficient attention to agricultural product quality, and inadequate solutions to agricultural non-point source pollution. With the support of modern information technology, biotechnology, and AI technology, we should take the path of "new precision farming". China's good Internet infrastructure and increasingly developed AI technology provide strong support for the development of smart agriculture, but there are problems such as shortage of professional high-quality talents, low level of agricultural data collection and application, and weak willingness of agricultural producers to engage in smart agriculture. He suggested that efforts should be made to cultivate specialized talents in smart agriculture, strengthen the construction of agricultural big data, establish demonstration zones for smart agriculture, and unleash the vitality of Chinese agriculture under the "small farmer" pattern, paving the way for a truly Chinese characteristic new path of smart agriculture.

One is clear direction. Always adhere to the socialist market economy system as the goal, and take handling the relationship between the government and the market as the core task of reform; The second is the obvious progressive feature. Adopting a gradual reform approach, reflected in aspects such as from easy to difficult, from partial to comprehensive, from pilot to promotion, etc; The third is to highlight incremental reforms and not easily eliminate existing ones. Adopting new operating mechanisms for new things, gradually correcting unreasonable institutional mechanisms, effectively avoiding reform costs, and achieving a balance between reform speed and social stability; The fourth is the initial condition for scientific understanding and respect for reform. China's latecomer advantages in technology and management, strong administrative execution system, and abundant labor resources have provided a solid foundation for the smooth implementation of reforms and are the key to the orderly promotion of reform and opening up.

Professor Shi Kang from the Department of Economics at the Chinese University of Hong Kong has interpreted the Chinese economy from an international comparative perspective. He compared the differences between Japan and India in terms of population structure, capital markets, GDP growth rate, foreign exchange management, trade barriers, infrastructure, and growth potential. He believes that China's growth is facing three main problems: firstly, the traditional development model centered on land finance is gradually withdrawing from the stage, but a new development model has not yet been formed; Secondly, the conflict between the conversion of new and old driving forces and the superposition of external uncertainty factors has led to slow economic recovery, resulting in a certain gap between market expectations and policies introduced; Thirdly, the economy is about to face deflation, and there is an urgent need for proactive macroeconomic and social security policies to stimulate the economy. Suggestions for this: firstly, to loosen restrictions on home purchases as much as possible, stabilize the real estate market, and strive to change market expectations to boost the capital market; Secondly, while expanding the industrial chain through the development of new quality productivity, attention should be paid to the balanced, gradual, and steady development of the industrial chain; Thirdly, the development of new quality productive forces should fully reflect the important role of market allocation of resources, while encouraging differentiated development in various regions, rather than repeating internal competition and increasing ineffective production capacity; Fourthly, we should attach importance to improving factor input and total factor productivity efficiency, and also adhere to achieving economic growth by reforming and reducing resource misallocation.

Xiang Houjun, Dean of the School of Finance and Investment at Guangdong University of Finance, elaborated on the "Income Distribution Effect of New Infrastructure Construction: Effect Evaluation and Strategic Coordination". He said that in the context of Chinese path to modernization, new infrastructure construction has become an inevitable requirement for China to build a modern industrial system, promote the development of new quality productivity, and achieve high-quality economic development. The construction of new infrastructure is essentially the construction of digital infrastructure. Through the examination of the pilot experience of "Broadband China", it is found that: firstly, the construction of new infrastructure has overall widened the income gap between urban and rural areas, but has produced significant improvement effects on the income of both urban and rural residents in China; Secondly, the construction of new infrastructure has capital bias effect and skill bias effect, which mainly affect the income gap between urban and rural residents through two channels: increasing the return on capital and changing the structure of labor demand; Thirdly, the widening effect of new infrastructure construction on the urban-rural income gap is more significant in the sample group with higher levels of economic development and education; Fourthly, both the rural revitalization strategy and the market integration strategy can effectively alleviate the widening effect of new infrastructure construction on the urban-rural income gap, thereby contributing to inclusive growth. He suggested further strengthening the rural revitalization and national unified market strategy, and leveraging the income distribution effect of new infrastructure construction.

Liu Zhibiao, Dean of the Yangtze River Industrial Economics Research Institute at Nanjing University, analyzed the goals and paths of building a modern industrial system. Liu Zhibiao believes that a modern industrial system is built on the foundation of the real economy, guided by technological innovation, and guaranteed by factors such as funding and talent. It aims to create an independent, controllable, safe, reliable, and competitive industrial system that can achieve sustained improvement in economic efficiency. It emphasizes both the modernization characteristics with Chinese characteristics and the systemic features. To build a modern industrial system, it is necessary to first correct some conceptual issues, such as the inability of industries to be labeled; The industrial technology foundation of new quality productivity; The boundary between the real economy and the virtual economy; Maintain the basic stability of the proportion of manufacturing industry; The relationship between industry chain owners, chain lengths, and orderly division of labor; The connotation and characteristics of integrated industrial clusters; Can the division of labor within globalized products continue. On this basis, in the context of industrial structure, market mechanisms, especially competition policies, should be used to correct structural distortions and low allocation efficiency; In the context of element synergy, institutional and mechanism support should be provided by a unified national market; In the context of industrial organization, modern industrial organization should be used to form a source of market power; In the context of the industrial chain, it is necessary to promote the shift of industrial policies towards industrial chain policies in order to strengthen the fundamental position of competition policies; In the context of a temporal perspective, it is necessary to form a dynamic level of industrial development, and plan for the progression, continuity, and competitiveness between traditional industries, leading industries, and future industries. At the same time, we must actively respond to challenges in areas such as technological innovation, imbalance between virtual and real economies, lack of long-term capital, and talent scarcity, and implement targeted policies.

During the keynote speech, experts including Sun Zhigao, Director of the Jiangsu Provincial Center for Strategy and Development Research, Ding Rongyu, President of Jiangsu Open University, Wang Dehua, Researcher at the Institute of Finance and Economics Strategy of the Chinese Academy of Social Sciences, Huo Weidong, Deputy Director of the Economics Department of Liaoning University, Pang Ruizhi, Director of the Enterprise Research Center of Nankai University, Lv Yue, Professor of the School of International Economics and Trade at the University of International Business and Economics, Hong Gongxiang, former Secretary of the Party Committee of the School of Business at Anhui University of Technology, Xu Tianshu, Professor of the School of Business at Suzhou University of Science and Technology, Gao Bo, Professor of the School of Business at Nanjing University, and Chen Liu, Deputy Director of the Yangtze River Industrial Economics Research Institute, respectively delivered speeches titled "New Logic of Industrial Development", Experience: Using "New Quality Productivity" Speech on "Promoting the Construction of Modern Industrial System", "The Inner Logic of Generating New Quality Productivity", "Analysis and Response to the Security Status of China's Industrial Chain", "Anhui Practice of Establishing a Modern Industrial System", "Sharing of Operating Experience of Suzhou Research Center of Yangtze River Industrial Economics Research Institute", "Vigorously Promoting Entrepreneurial Spirit and Focusing on Developing New Quality Productivity", and "Development of Specialized, Refined and New Enterprises from the Perspective of Industrial Chain".

During the free speech session, Shao Jun, a former specially appointed researcher at the Yangtze River Industrial Economics Research Institute, Wu Fuxiang, a professor at the School of Business of Nanjing University, Lin Xuejun, a professor at the School of Economics of Guangzhou University of Business, Jiang Cailou, a professor at the School of Business of Nanjing University of Information Science and Technology, and Chen Xinying, a professor at the Economics Department of the Fujian Provincial Party School, shared their insights on topics such as technology application, new quality productivity, construction of the Guangdong Hong Kong Macao Greater Bay Area, scientific and technological innovation, and local economic development. They presented a themed, wide-ranging, and rich intellectual feast for the attending guests.

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