Assco.Prof. Au Yong Hui Nee

Universiti Tunku Abdul Rahman / Faculty of Business and Finance, Malaysia

Speech Title：An analysis of the impacts of innovation and information communications technology export on economic growth

Abstract: The assimilation of information and communication technology into different aspects of our lives known as the Industry 4.0 or Fourth Industrial Revolution in all social and economic endeavours leading to expanded opportunities. Digitization transforms every facet of the economy. China's e-commerce becoming a large economic sector. The Malaysian Government enables rural community to involve in cross-border supply chains. These transformations are not only changed the way of human interactions with one another, but it also influences the way of their worked. The World Bank recommends that digitization must be ‘a whole of government agenda’. Therefore, the innovation-economic growth nexus has to be complemented with a good governmental quality framework and skilled human capital to ensure that the innovation activities promote an inclusive economic growth. This study argues that, Malaysia could achieve its target of being high-income nation if the Malaysian innovation system is improved. The annual time series data from 1995 to 2020 was collected to understand the impact of the expenditure in R&D, number of patents registered, number of technicians in R&D and ICT export on Gross Domestic Product. The results revealed that Information Communication Technology export and Research and Development have significant positive impact on gross domestic product. The study suggests that ICT infrastructure should be upgraded and expanded. The culture of conducting more longitudinal research in science and technology should be adopted.

Prof.Marco 

Westminster International University

Speech Title：A currency revolution in the making : The digital yuan 

Abstract: China is leading the way among major economies in trailing a Central Bank Digital Currency (CBDC). Given China's technology ability and the speed of adoption of newpayment methods by Chinese consumers, we should not besurprised regarding the CBDC taking offin a major way,  displacing physical cash in the economy. 

The opportunity that this gives to the Chinese financial leadership is extraordinary, both in terms of law enforcement and of more efficient pass through of monetary policy.

Prof.Fushuan Wen

Zhejiang University/Department of Electrical Engineering

Speech Title：Electricity market regulation in power systems with ever-increasing penetration of renewable energy generation 

Abstract: With ever-growing electricity consumption, unwanted emission of greenhouse gases, and evolving generation mix especially rapid development of wind power and solar power, some energy policies related to electricity markets are enforced in various countries to cope with emerging challenges in the energy sector. Electricity market regulation, which is required to keep pace with the continuous development of power industry restructuring and electricity market operation, is also evolving. This speech first reviews the present status and development trends in electricity market economy regulation in the United States, Australia, United Kingdom, and France, which have mature and widely recognized electricity economy markets around the globe. Subsequently, the progress of the electricity economy market reform in China is described, and the status, drawbacks, and prospect of the electricity economy market regulation in China presented. 

Prof.Bifei Tian

School of Business Administration, Zhongnan University of Economics and Law

Speech Title：The rule of global digital economy and its application

Abstract: In this seminar, we will discuss comprehensively the rule of global digital economy and its application for China’s establishment of open economy. First, the main content and the features of the rule of global digital economy will be explored thoroughly. Second, the impact of the rule of global digital economy on China’s economy will be analyzed completely. At last, the implication of the rule of global digital economy for China’s establishment of open economy will be shared fully.