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David Daokui Li

  • Professor of economics, Tsinghua University in Beijing
  • Author, China's World View: Demystifying China to Prevent Global Conflict

About

An important voice for our times, Dr. David Daokui Li strives to help the Western world gain better understanding of Chinese perspectives. An influential economist trained in the US, Hong Kong, and mainland China, Dr. Li serves as Professor of Economics and Director of the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) at Tsinghua University in Beijing, ranked among the top 25 global universities. As author of China's World View: Demystifying China to Prevent Global Conflict, he reveals the underpinnings of China's economy, government, and society.

In his urgently needed book Dr. Li explains how China's approach to internal governance—often confusing to outsiders—is built on unwavering historical and sociocultural fundamentals thousands of years in the making. From his viewpoint, tensions between China and the West primarily stem from misunderstanding. He holds out hope that with mutual learning Chinese and Western systems will eventually find ways to coexist peacefully.

Dr. Li offers his perspectives for stimulating growth in tough times:

Long-term consumption depends on individual behavior, but people are at present uncertain about expected future income growth, so they're more cautious about spending their money. This suggests a short-term need to jumpstart consumption through concession-taking measures, giving up a share of profits. On the surface, these measures will promote consumption, and serve to stabilize the economy. A rise in consumption will generate escalating profits for manufacturers, further expanding employment and procurement, leading to stabilization of the economy.

Demystifying contemporary Chinese society, Dr. Li uses first-hand accounts to help Westerners gain clearer understanding into the Land of the Dragon. His insights on the economic and political systems of China reframe its inner workings as coherent and logical. He presents centuries of history, from Confucian philosophy and imperial dynasties to Communist Party chairmen like Mao and Deng Xiaoping, as core influences on China's leadership today.

Astute and grounded in multi-cultural thinking, Dr. Li speaks to far-reaching implications rising from contemporary China, instructive for governments and business. Focused on the long-term, he offers context supported by analytics as well as behind the scene details from high-level meetings with top China leaders. Quoted frequently in the Wall Street Journal, New York Times, and financial media throughout the world, Dr. Li holds his PhD in Economics from Harvard University and speaks fluent English. His previous book Economic Lessons from China's Forty Years of Reform and Opening-up divulged five key takeaways from China's major economic reform and growth.

Content

Keywords: economy, the future of china’s economy, china belt and road initiative, global economy

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