On the morning of November 15, Zhou Yu, deputy director of the Policy Research Office of Jiangsu Provincial Department of Finance, and his delegation visited the School of Business for investigation and research. Liu Zhiming, secretary of the Party Committee of the School, Wang Weiyu, deputy dean and director of the MBA Centre, and representatives of teachers from various departments attended the seminar, and both sides discussed and exchanged views on ‘how to optimize the fiscal policy to promote better economic growth’.

Zhou Yu pointed out that the community generally agreed that fiscal policy should be increased to support consumption, but the incremental policy, especially the new debt policy to release funds into which areas, in order to better drive social investment, to play the multiplier effect is the current need to solve the problem. He hoped that this symposium can provide advice and suggestions to stimulate economic growth and consumption.

At the symposium, the representatives of the faculties of the Business School put forward their views and suggestions from several aspects, such as improving infrastructure construction, supporting the transformation of enterprises, increasing employment opportunities, and promoting new types of consumption: stimulating consumption by actively responding to the national policy, implementing the strategy of rural revitalisation, and tapping the potential for the development of the tourism industry and the service industry; stimulating the consumption of human capital in society by investing in the digital assetisation of enterprises and technological reforms; and stimulating the consumption of human capital in society by distributing By issuing consumption vouchers and popularising the application of digital RMB, we can increase consumption choices; and by strengthening the employment environment, we can enhance consumer confidence and stimulate economic growth.

During the exchange, teachers expressed their views and actively contributed their ideas and suggestions, and both sides discussed the ideas and methods to solve the problems on how to optimise the fiscal policy to promote economic growth.