China Renmin University School of Economics held the 5th Forum on Economic System Reform.

The School of Economics of Renmin University of China successfully held the fifth "Economic System Reform Forum", which was jointly organized by School of Economics of Renmin University of China, China Institute of Economic Reform and Development of Renmin University of China and Socialism with Chinese characteristics Collaborative Innovation Center for Economic Construction. The theme of this forum is "The richest man in China with insufficient innovation". The forum was presided over by Professor Chen, Vice President of School of Economics, and Professor Gao Debu, Executive Vice President of China Institute of Economic Reform and Development, attended and delivered a speech.

The School of Economics of Renmin University of China offers certificate majors in political economics, western economics, history of economic thought, world economy, international trade, economic history, national economics, network economics, enterprise economics, regional economics, quantitative economics, national defense economy, urban economics and international business.

At the opening ceremony, Professor Chen of China Renmin University introduced the purpose and concept of the forum. Professor Chen pointed out that the "Economic System Reform Forum" aims to study the major macroeconomic issues in China, especially the overall logic and specific issues of China's economic system reform, from the perspectives of economic theory, historical logic and international experience. The forum adheres to the academic style, the theory, foundation and objectivity of academic research, and the concept of "limited models and unlimited ideas". Chen pointed out that the explanatory power of theoretical models developed on the basis of mature market economy countries such as the United States is limited, but when China faces more complicated practical problems, its explanatory power is further weakened. However, economic thought is infinite, so we can study the economy more from the problem itself, especially the major economic problems in China.

Subsequently, Professor Gao Debu, Executive Vice President of China Economic Reform and Development Research Institute, made a wonderful speech. Professor Gao Debu affirmed the theoretical value and practical significance of the theme of this forum. He said that since the reform and opening up, many rich people in China have accumulated wealth rapidly by exploiting cheap resources and other low-tech methods, so there is indeed a problem of insufficient scientific and technological innovation, which has also led to a series of problems such as environmental damage and waste of resources. However, these problems are not unique to China, and similar phenomena have occurred in European and American countries during their development. Professor Gao Debu further emphasized that after more than 30 years of high growth, China's economy is getting bigger and bigger, but in order to truly stand in the forefront of the world in the future, we must vigorously promote scientific and technological innovation. Innovation can help China get out of the "China Road" faster and better, so it is necessary to build an economic system and social environment conducive to the innovation of the rich. This is not only a question that the rich need to think about, but also a question that scholars need to study deeply, which will help to promote China to become an innovative country more quickly. In this context, the "Economic System Reform Forum" founded by Professor Chen has conducted in-depth research on the China rich who lack innovation, which deserves high recognition.

In the reporting session, Dr. Chen from the Institute of Economics of the Chinese Academy of Social Sciences gave a report entitled "The Basic Situation of the Rapid Accumulation of the Rich in China". Chen pointed out that in recent ten years, the scale of the rich group in China has been expanding day by day, and the proportion of wealth owned by the rich in the wealth of the whole society has greatly increased. Moreover, the rich in China accumulate wealth faster than other countries such as the United States, German, Japanese and Indian. The rapid rise of the rich makes the core of the gap between the rich and the poor in China not only because the poor are too poor, but also because the rich are too rich. Some people think that the rapid expansion of the rich population in China is closely related to the rapid economic growth. With the gradual slowdown of economic growth, the rapid expansion trend of the rich will be alleviated. Chen thinks this view is debatable, because the experience of the United States, Britain and Japan shows that there is no necessary connection between high economic growth and the expansion of the rich group. Moreover, in the past three years, the economic growth rate in China has slowed down obviously, but the expansion trend of the rich group is faster, which also shows that the expansion trend of the rich group in China may not slow down with the slowdown of economic growth.

Guo Yi, a doctoral student at the School of Economics of Renmin University of China, said, "Does the huge wealth accumulation of the rich in China come from scientific and technological innovation? 》。 Scientific and technological innovation can not only promote economic development, but also create profits for entrepreneurs and realize rapid accumulation of wealth. However, the rich in China are characterized by insufficient scientific and technological innovation. From the perspective of the industrial layout of the rich, Guo gave the evidence of the lack of scientific and technological innovation of the rich in China through international comparison. On the one hand, nearly half of China's rich people come from real estate and manufacturing industry, but real estate is not a scientific and technological innovation industry, and the scientific and technological innovation ability of China's manufacturing industry is generally low. On the other hand, in the global TMT industry with strong innovation vitality, the number of rich people in China is obviously less than that in developed countries. Guo said that the lack of scientific and technological innovation of the rich in China may be related to the development stage of China, but considering that China has entered the ranks of middle-and high-income countries, the rich in China should set higher standards for themselves and lead the innovation wave of the whole society.

The topic of Professor Chen's report is how to cultivate innovative rich people. Professor Chen pointed out that under the current institutional environment in China, it is faster and easier for entrepreneurs to accumulate wealth through rent-seeking than through innovation, so the innovation investment of the rich is relatively insufficient. In addition, the innovation environment in China is relatively poor, which further limits the innovation enthusiasm of the rich. In order to cultivate innovative rich people, on the one hand, it is necessary to eliminate the rent-seeking space of the rich, on the other hand, it is necessary to comprehensively improve the innovation environment. For the former, we should deepen the reform of factor market and administrative examination and approval system, put government power into the cage of the system, and then eliminate the rent-seeking space of the rich. For the latter, we should strengthen basic research to create a good innovation foundation, improve intellectual property protection, especially strengthen law enforcement to protect innovation achievements, and build a fair and just capital market to support the growth of entrepreneurs with innovative ability, so as to attract the rich to participate in innovation activities.

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