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The “New Norm of Chinese Economy” with a Contribution from Liechtenstein


The Tongji International Forum on Economics 2015 was held at the end of April with a contribution from Liechtenstein.  At Tongji University in Shanghai, international and national speakers gave their contributions to this year’s topic “The New Norm of Chinese Economy: Opportunities and Challenges”. 

The Tongji International Forum on Economics 2015 was held at the end of April with a contribution from Liechtenstein.  At Tongji University in Shanghai, international and national speakers gave their contributions to this year’s topic “The New Norm of Chinese Economy: Opportunities and Challenges”. Prof. Dr. Marco Menichetti from the University of Liechtenstein gave a speech on “Renewable Energy Investments and Regional Added Value”. 
The “new norm” means the acceptance of a lower growth rate for the Chinese economy in the coming years, which is seen by national and international economists as an economical as well as social threat for China and the whole world. In his speech, Prof. Menichetti explained the positive economic implications for regions and rural areas caused by an energy switch from traditional to renewable energies. The audience appreciated this contribution, as China is one of the largest energy consumers worldwide, lacking own energy reserves with the exception of coal. Thus renewable energies could become a valuable solution for the country with positive economic added value for rural areas.