On January 8, 2022, the Annual Meeting of the World Economic Society of Jiangsu Province and the Academic Seminar on Constructing the new Development Pattern of "Double Cycle" and the High Quality Development of Jiangsu Open Economy, sponsored by the Society of World Economics of Jiangsu Province and hosted by the School of Finance and Economics of Jiangsu University (Institute of Industrial Economics), was held in the Biyuyuan Hotel of Zhenjiang City, Jiangsu Province in a synchronous way of "online + offline",more than 80 experts, professors, scholars and postgraduates from more than 20 universities and research institutions in the province attended the conference either online or offline,more than 20 teachers and students from the School of Finance and Economics and the Institute of Industrial Economics of Jiangsu University participated in listening to and interacting with the special report.The opening ceremony of the conference was presided over by Li Feng, Secretary-General of Jiangsu World Economy Association and researcher of Institute of World Economy of Jiangsu Academy of Social Sciences. Zhang Jijian, Vice President of Jiangsu University Party Committee, Professor Wu Mengyun, Dean of School of Finance and Economics of Jiangsu University, and Zhang Yuanpeng, President of Jiangsu World Economy Association, delivered speeches successively.

The conference closely follows the theme of "double cycle" development pattern and high-quality development of Jiangsu's open economy. The experts and scholars at the conference conducted academic exchanges and discussions from multiple perspectives through keynote reports and young people forum.Xu Kangning, Vice President of China World Economic Society and Professor of School of Economics and Management of Southeast University, delivered a keynote speech on "Digital Economy and China's high-level Opening Up".The report system reviews the emergence and development of the digital economy, discusses the differences between the digital economy and the information economy and its relationship with globalization, and emphasizes the important role of the digital economy as an engine of world economic growth, driving emerging industries, reshaping global value chains, changing the market competition structure, changing the world economic pattern, and guiding the structure and flow of international trade and investment.At the end of the report, the paper also discusses the path and countermeasures to promote China's high-level opening-up with the opportunity of digital economy.Zhang Yuanpeng, President of the Provincial Association of World Economy and director of the Institute of World Economy of the Provincial Academy of Social Sciences, delivered a keynote report titled "Reflections on China-Asean Digital Economy Cooperation under the Background of RCEP".The report discusses the issues of digital economy from the perspective of China-Asean regional cooperation. It first introduces the specific provisions of the digital economy in the RCEP, the definition and structure of the digital economy, and then reviews the development process of the digital economy and the phased achievements of the cooperation between China and ASEAN, and puts forward countermeasures and suggestions according to the current problems in regional cooperation.Zhang Weifu, Vice President of the Provincial Society of World Economics and Vice President of Nanjing University of Finance and Economics, delivered a keynote report entitled "Analysis of the Current Domestic and International Macroeconomic Situation".This paper analyzes the current macroeconomic situation from the perspectives of the world, China and Jiangsu, and points out the uncertainties of the COVID-19 epidemic, the stability of the industrial chain and the inflation risk facing the global economy. China's economy is faced with many exogenous risks and endogenous risks, and the economic growth of Jiangsu is better than that of the whole country.However, economic activity in Jiangsu in the second half of 2021 was lower than that in the first half.Zhu Naixin, honorary President of the Provincial Association of World Economy and former director of the Institute of World Economy of the Provincial Academy of Social Sciences, delivered a speech on the topic of "Great Changes in the World and the Construction of a New Development Pattern in China".Ma Yeqing, Vice president of the Provincial Association of World Economics and Vice President of the School of Economics of Nanjing University, shared the experience of the discipline construction of International Economy and trade of Nanjing University with the title of "Some experience of the Development of International Economy and Trade Discipline of Nanjing University".Professor You Hongbing, Vice President of Provincial Society of World Economy and School of Economics and Management of Nanjing University of Science and Technology, delivered a keynote report entitled "New Development Pattern of Double Cycle and Creating a New Situation of Utilizing Foreign Capital".The report reviews the opportunities and challenges facing China's foreign trade, and points out that to build a new development pattern, we need to speed up the strengthening of weak links, and at the same time, we need to use foreign-invested enterprises to promote the integration of internal and external cycles and high-quality interaction.Jiang Hong, Deputy Secretary General of the Provincial World Economics Association and Professor of Wu Jinglian School of Economics, Changzhou University, discussed the estimated effect and economic impact of the US semiconductor export control on China.Yang Jijun, Vice President of School of International Economics and Trade, Nanjing University of Finance and Economics, delivered a keynote report entitled "Supply Chain Security under External Shocks: Strategic Considerations, Medium and Long-term Trends and China's Response".The report points out that the global supply chain system continues to develop but its strength is weakening, and China's position in the global supply chain system is becoming more and more prominent. To deal with the problems of global supply chain security, we should pay special attention to the construction of a risk response mechanism, and lay equal stress on efficiency and safety, international opening and domestic development.Hu Xuhua, dean of the Institute of Industrial Economics of Jiangsu University, discussed the strategic direction and the corresponding strategies based on the Endless Frontier Act of the United States.The report analyzed the various difficulties and challenges facing China in the context of the bill, and pointed out that China can deal with the challenges by strengthening its scientific and technological strength, improving the innovation system, strengthening international cooperation, promoting the modernization of governance and fostering an innovation culture.

Eleven young and middle-aged scholars also presented their research findings on the theme of the conference.The research fields cover the influence of bank-enterprise distance on enterprise machine import, the total factor productivity of manufacturing industry in digital economy enabling areas, the influence of international banking connection on foreign direct investment of host country, the influence of overseas interest risk on China's direct investment in countries along the "One Belt and One Road", the measurement and evaluation of the integration degree of Jiangsu high-tech industry "three chains", trade friction and uncertaintyThe impact of China's export, the impact of green finance pilot zones on enterprises' innovation ability, China's soybean import risk, the measurement and dynamic evolution of China's regional opening to the outside world, spillover effect of enterprises' cross-border mergers and acquisitions, etc.

The conference also presented awards to 11 winners of outstanding papers in this annual conference. Three master students of Applied economics from the School of Finance and Economics of Jiangsu University won the first and second prize of outstanding papers.The successful holding of this annual conference is of great significance to strengthening inter-university cooperation, promoting academic exchanges, and further improving the educational level of Applied Economics, international business and international Economics and trade of the School of Finance and Economics.