On April 27th, 2019, the Launch Ceremony of the Society for the Analysis of Government and Economics (SAGE) and the Inaugural Annual Conference of Government and Economics was held at the Mong Man Wai Concert Hall, Tsinghua University.

In the opening remarks, Li Daokui, initiator and co-founding president of SAGE, first gave an introduction of ACCEPT, which was founded during the anniversary of Tsinghua University last year. Li Daokui said that the mission of ACCEPT is to provide the world with new knowledge on economics based on China’s economic practice and thinking since the reform and opening up. According to Li Daokui’s research, if a country’s economic growth is to contribute to the development of academic theory, three conditions need to be satisfied: First, growth must be sustainable, and in this respect, China’s rapid growth has been sustained for over four decades, and it is far from over. Second, other economies need to benefit from the results of such rapid growth, and in this respect, the Belt & Road Forum that has become a hot topic in the international community today is a proof. Third, the country needs to work with international scholars to elaborate on their own practical achievements and refine them at the theoretical level.

On this basis, SAGE has made clear its development goals. First, we shall construct a branch of new economics called “Government and Market Economics”, and clarify the role of the government in economic development. We shall regard the government as the promoter and stakeholder rather than the blocker of market economy. Second, we shall put forward recommendations on major policy topics to promote the further development of China. Third, we shall promote the development of economics of Tsinghua University itself through relevant researches.

Li Daokui remarked that the newly established SAGE precisely shares the mission of ACEPT for the study of government and market economics. SAGE intends to promote research on relevant topics including government incentives, actions and roles in market economy all over the world. As an international academic organization, SAGE avoids any prejudice of politics, society, commerce and nationality, and has absorbed numerous top scholars including the United States, Europe, China and other developing countries.