Speaking at the China Macroeconomic Forum (CMF) Quarterly Forum (mid-2022) on June 25,
2022, Huang Qifan, Distinguished Professor of Fudan University, spoke on "China's
Macroeconomics with Stability" . The speech was posted on the portal Guangdong on June 26.
Huang Qifan, briefly, said: (i) In the next 20 to 30 years, the "five major items" that can form
a trillion-dollar market have generally taken shape now, and there are five directions: one is
driverless new energy vehicles, the second is home robots, and the third is Head-mounted
AR/VR glasses or helmets, the fourth is flexible display, and the fifth is 3D printing equipment;
(ii) At present, the economic operation of both China and the world has been impacted and
affected by three basic factors: first, the repeated delay of the new crown epidemic; second, the
escalation of the conflict between Russia and Ukraine; and third, the intensification of
international geopolitical competition; and (iii) Compared with meeting local demand through
imports after production in other places, selling real estate has at least four advantages: first, it
can bypass the restrictions of import protection tariffs, and second, because organizing
production in the place of sale naturally reduces logistics The third is that the market
information can be grasped in a more timely and accurate manner. The fourth is that due to the
local organization of production, taxes, profits, and GDP are kept locally, and the employment
generated is also local, which naturally forms a positive interaction. Stating that China has a solid foundation for stabilizing its industrial chain and supply chain, and there is something to
be gained from the near future, he suggested some steps.
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