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After briefly touring around the campus, Professor Yu Miaojie delivered a presentation on china's growing role in globalization and lead a lively discussion with officials about the path forward.


With relatively low-cost labor and natural resource, many African countries could be a good place to practice the strategy of using processing trade to develop the local economy. Professor Yu spoke about the important functions of processing trade, such as creating jobs and reduce trade uncertainty. Most importantly, it can become an effective way to access global capital, as opposed to relying on bank loans or portfolio capital. Professor Yu concluded the presentation by highlighting that all-around opening-up and domestic reform is the key driving force for China. Looking forward, facing increasing labor costs and intense global competition, innovation will become the next key driving force.  Zhuang Xiaowei <span style="margin: 0px; padding: 0px; text-align: left; color: rgb(51, 51, 51); text-transform: none; text-indent: 0px; letter-spacing: 0.54px; font-family: -apple-system-font, BlinkMacSystemFont,;" initial;="" 0px;="" normal;="" 255);="" 255,="" rgb(255,="" 2;="" !important;="" 400;="" sans-serif;="" arial,="" yahei",="" "microsoft="" ui",="" yahei="" gb",="" sans="" "hiragino="" sc",="" "pingfang="" neue",="" helvetica="" break-word;"="" border-box="" 100%;="" 14px;="">)