The New Economy Forum



Event overview

The New Economy Forum brings together an unparalleled community of public and private sector leaders from across the globe. Every year, the New Economy community convenes to discuss the most urgent disruptions facing our planet as the global economic balance shifts from West to East and to drive action and find solutions for a world facing an uncertain future.


Global Governance

Global institutions and capitalism are struggling. Is the answer greater regionalism to preserve economic and political stability? How can societies protect the freedom of individuals? Will New Economies borrow the Chinese playbook? And will the free-market systems of the West be forced to adopt some of its principles?


The World Trade Organization is in trouble. Is the multilateral trading order giving way to an era of managed trade? And as technology continues to spread, the trade in data is worth more than the trade in goods. Is proximity to fiber-optic cables more important than being close to sea lanes and air routes? If so, who are the winners and losers in this digital market?


Cross-border innovation networks produce breakthroughs in areas such as artificial intelligence and robotics. 5G networks will enable everything from autonomous driving to telemedicine. But a Silicon Curtain is falling between the U.S. and China that threatens the global rollout of 5G networks, which could cleave the global industries and cause an “innovation winter.” What will be the impact on global businesses?

Finance & Capital Markets

Can capitalism save itself? To survive, it will be forced to reconcile with its critics on the Left demanding radical wealth redistribution, higher taxes, stronger social safety nets, and a stronger role for the state in the economy. What will this mean for corporate investment and profits?


Many scientists worry that we’ve already past the point of no return and the warming is irreversible. Does the world need to turn the focus from prevention to mitigation? How will this shift in planning affect migration, economies, and infrastructure development? What are the governments and businesses that are planning creatively for a different climate and what can the world learn from them?


Cities are becoming hubs of the New Economy, and local governments are taking on a more global role. At the same time, technology is changing how cities function. Mayors are increasingly designing the blueprints for successful living across diverse metropolises. How do governments balance the growing importance of cities with non-urban populations needs?


Global migration has had an impact on old and New Economies alike. How can societies include the talents of migrants for the economic benefit of all? There are more women in government than ever before, but women business leaders have yet to reach parity with men. The economic benefits of women in the workplace are well known. But will the New Economy pave the way for gender equality?

2019 Agenda

November 20 - Wednesday

10:00 am

Registration Opens

Registration and Delegate excursions

5:30 pm

Welcome Reception

7:30 pm

Welcome Dinner

November 21 - Thursday

9:00 am

Welcome Remarks

9:10 am

Keynote Speech

9:30 am

State Plan to Markets: Defining Reform in China

What will the next decade of Chinese economic development look like? How does China define and prioritize its reform agenda? Could changes under way usher in a new period of cooperation between China and the West? Or will competing economic models — free-market and “socialist market economy” — be a permanent fixture?


  • Kevin Rudd, President, Asia Society Policy Institute


  • Charlene Barshefsky, Senior International Partner, Wilmer Hale
  • Xie Fuzhan, President, Chinese Academy of Social Sciences


  • Khaldoon Khalifa Al Mubarak, Group Chief Executive Officer, Mubadala Investment Company
  • Neil Shen, Steward of Sequoia Capital, Founding and Managing Partner of Sequoia Capital China
  • Ning Jizhe, Vice Chairman of National Development and Reform Commission
9:55 am

A New Capitalism: Staving off Class Warfare

Capitalism must reinvent itself to survive. Can it find a compromise with critics demanding radical wealth redistribution? How can corporations redefine the idea of profit to incorporate social as well as commercial goals? And what should be the proper role of government in innovation and industrial planning?


  • Matthew Slaughter, Dean, Tuck School of Business at Dartmouth


  • Dambisa Moyo, Founder and Chief Executive Officer, Mildstorm Ltd.
  • Steven Rattner, Chairman and Chief Executive Officer, Willett Advisors LLC


  • Ray Dalio, Co-Chief Investment Officer and Co-Chairman Bridgewater Associates LP
  • Zhang Lei, Founder, Chairman and Chief Executive Officer, Hillhouse Capital Management
10:25 am

Bilateral Meetings and Coffee

10:45 am

Bilateral Meetings and Breakout Sessions

  • Understanding the AI Challenge to Humanity
  • Supercities in the 21st Century: A Discussion with Chinese Mayors
  • The “China Model”: Exporting the Plan
  • Solutions Workshop: Address Physical Climate Risk
  • Solutions Workshop: Unleash Agricultural Productivity
  • Building Asia: Spotlight on Indonesia and Its Next-Generation Industries and Talents, Sponsored by BKPM
11:45 am

Caught in the Middle: New Economy Transitions

New Economy countries face unprecedented challenges. Some are caught in the cross-fire of the U.S.-China trade dispute and an emerging technology cold war, potentially forcing them to choose sides. How do they navigate an increasingly divided world?


  • Haslinda Amin, Bloomberg News


  • Sergio P. Ermotti, Group Chief Executive Officer, UBS Group AG 
  • Piyush Gupta, Chief Executive Officer and Director, DBS Group
  • Jin Liqun, President, Asian Infrastructure Investment Bank
  • Zouera Youssoufou, Managing Director, Dangote Foundation
12:10 pm

Crisis to Stability: Managing the Next Financial Crisis

The global economy is poorly prepared for the next financial crisis; interest rates are low, and debt is still high. Are western economies doomed to follow Japan and enter a long period of stagnation? Does China have the financial strength to muscle through?


  • Zanny Minton Beddoes, Editor-in-Chief, The Economist


  • Luis Alberto Moreno, President, Inter-American Development Bank
  • David Solomon, Chief Executive Officer, Goldman Sachs
  • Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies, Republic of Singapore
  • Tidjane Thiam, Chief Executive Officer, Credit Suisse
  • Zhou Xiaochuan, Vice Chairman, Boao Forum for Asia; Vice Chairman of the 12th Committee of the Chinese People’s Political Consultative
12:40 pm

Lunch Sessions

Partner sessions will be selected in advance by forum Delegates.

  • Leading the Future: Catalyzing Innovation in the New Economy
  • Old Infrastructure, New Life: The Future of Urban Renewal
  • Collaboration: Key to Development of Scalable New Technologies That Can Address Climate Change
  • Tough Trade: Surviving and Thriving in a Fragmented World
  • Connecting the Dots: Economic Growth and the Promise of Interconnectedness
2:00 pm

In Conversation: Dr. Henry A. Kissinger

It has been 47 years since Dr. Kissinger changed the course of modern history with a visit to China. Where does the world’s most consequential bilateral relationship go from here?


  • Niall Ferguson, Senior Fellow, Hoover Institution on War, Revolution and Peace at Stanford University


  • Dr. Henry A. Kissinger, Honorary Chair of the New Economy Forum, Former U.S Secretary of State and National Security Advisor
2:20 pm

Cities: Forging a New World Order

National governments around the world are failing. Can cities step up and lead the new economy, narrowing rather than exacerbating wealth disparities, modeling solutions to climate change instead of deepening the crisis, and providing new impetus to global trade and investment?


  • Parag Khanna, Founder and Managing Partner, FutureMap


  • Mike Froman, Vice Chairman and President, Strategic Growth, Mastercard
  • E. Rania al-Mashat, Minister of Tourism of the Arab Republic of Egypt
  • Huang Qifan, Former Mayor, Chongqing; Vice Chairman, CCIEE
  • Yu Liang, Chairman, Vanke
2:45 pm

Bilateral Meetings and Coffee

3:10 pm

Bilateral Meetings and Breakout Sessions

  • Rethinking the Corporation: A New Approach to Profits and Society
  • Avoiding Catastrophe: Carbon Caps to Zero Emissions
  • Managed Trade: A Threat to the WTO
  • From Lender to Borrower: Will China Reshape the Finance World?
  • Sovereign Wealth Fund: Finding a Sustainable Future
  • Solutions Workshop: Shape Next-Generation Digital Public Infrastructure
  • Solutions Workshop: Advance Smart Cities
4:10 pm


Remarks by Hank Paulson, Co-Chair of the New Economy Forum; Former U.S. Treasury Secretary; Chairman, Paulson Institute

4:30 pm

Getting to Zero: Climate Town Hall

Part 1: Demonstration by John Sterman, Director, MIT System Dynamics Group and Professor, MIT Sloan School of Management

Part 2: Climate Change to Climate Action: Saving the World

Has climate change reached the point of no return? If so, what steps should the planet take to spare itself from the world consequences? If not, how should governments, working with businesses, accelerate the Paris climate goals? What is the role of new and non-traditional global actors from the worlds of civil society, philanthropy, and science?


  • Carlos Brito, Chief Executive Officer, Anheuser-Busch InBev
  • Pablo Isla, Executive Chairman, Inditex
  • Sara Menker, Founder and Chief Executive Officer, Gro-Intelligence
  • H.E. Mr. Xie Zhenhua, Special Representative for Climate Change Affairs of China (Minister Level), President of the Institute of Climate Change and Sustainable Development, Tsinghua University

Part 3: Emerging Economies Shift to Renewable Energy  

India and China will be responsible for almost half of additional energy demand until 2040, driven by millions of new middle class consumers buying apartments, cars and appliances. What will be the impact on global oil demand? What mix of oil, gas and renewables will power a global economy poised to double in size?


  • Rachel Duan, President and Chief Executive Officer, GE Global Growth Organization
  • Wen Shugang, Chairman, China Huadian Group

Part 4: Audience Participation

5:20 pm

In Conversation: Bill Gates

A discussion with Bill Gates on the impact climate change is having on global health issues.


  • John Micklethwait, Editor-in-Chief, Bloomberg News


  • Bill Gates, Co-Chair, Bill & Melinda Gates Foundation
6:15 pm

Cocktail Reception

7:15 pm

Welcome Dinner hosted by the Beijing Municipal Government

November 22 - Friday

7:30 am

Breakfast and Arrivals

Drivers and Disruptors: A New Economy Index Breakfast

Disruptive forces are sweeping the global economy – populism, protectionism, automation, climate change, and digitization. Against that backdrop, traditional drivers of development, including a skilled workforce and capacity to innovate, no longer guarantee success. New economies must now get conventional policy right, while adapting to disruptive forces. Will they end up trapped? Bloomberg Economics has developed the New Economy Forum Drivers and Disruptors Index to help manage the challenge of development in the 21st Century.

Moderator: Stephanie Flanders, Head of Bloomberg Economics


  • Ma Jun, Member of People’s Bank of China Monetary Policy Committee, Director of the Center for Finance and Development, Tsinghua
  • Tom Orlik, Chief Economist, Bloomberg Economics
  • Chang Shu. Chief Asia Economist, Bloomberg Economics
  • Stephen King, Senior Economic Adviser, HSBC

Founding Partner Breakfast: Bridging the Chasm: How Digital Technology Can Create Jobs and Unlock Access to Vital Services

8:30 am

Welcome Remarks

Welcome Remarks from Justin B. Smith, CEO of Bloomberg Media

Welcome Remarks from Xiaoqiang Zhang, Executive Vice President and CEO, CCIEE

8:40 am

Supply Chains Go Regional

Global supply chains are breaking apart. Increasingly, multinationals see over-reliance on China as a vulnerability. Equally, China views low-end assembly as a liability as it upgrades its industrial structure. Automation also enables the re-sourcing of manufacturing. What is the impact on Vietnam, Mexico, Bangladesh, Indonesia and other countries that could benefit from more fragmented supply chains?


  • Yang Yanqing, Deputy Editor-in-Chief, YICAI Media Group


  • Daniel Martínez-Valle, Chief Executive Officer, Orbia
  • Noel Quinn, Group Chief Executive, HSBC
  • Mike Roman, Chairman of the Board and Chief Executive Officer, 3M
9:10 am

Borderless Innovation to Silicon Curtain: A New Divide

U.S.-China strategic rivalry threatens to divide the technology world. Will a “Silicon Curtain” fall through the cross-border innovation networks that drive global progress? Could barriers to talent, people and capital induce an “innovation winter”?

Moderator: Selina Wang, Bloomberg News


  • Huai Jinpeng, Executive Vice President and Chief Executive Secretary of China Association for Science and Technology, Academician of Chinese Academy of Sciences
  • Samm Sacks, Cybersecurity Fellow, China Digital Economy Fellow, New America Foundation


  • Gary Dickerson, President and Chief Executive Officer, Applied Materials
  • Jerry Yang, Co-Founder, Yahoo; Founding Partner, AME Cloud Ventures
  • Yang Yuanqing, Chairman and Chief Executive Officer, Lenovo Group
9:45 am

4G to 5G

5G networks offer new hope to developing countries by leveling the global technology playing field. Yet, its rollout is embroiled in U.S.-China disputes over security centered on Huawei. Will the global technology revolution redefine the meaning of “competition” and “cooperation?” And how will it change the world of manufacturing and business? If this project fails to deliver on its promises, will it create a new global digital divide?

Moderator: Tracy Alloway, Bloomberg News


  • Li Zixue, Chairman and Executive Director, ZTE Corporation
  • Sanjay Mehrotra, Chief Executive Officer, Micron Technology
  • Nandan Nilekani, Chairman, Infosys Limited
10:10 am

Bilateral Meetings and Coffee

10:40 am

Bilateral Meetings and Breakout Sessions

  • Digital Currencies: Big Tech’s Challenge to Big Finance
  • Electric Dreams: Reshaping the Auto World
  • Big Data: Protecting the Individual
  • Aging Societies: The Economies of Living to 100
  • Investing in Africa: Opportunities and New Growth Models in Angola, Sponsored by AIPEX
  • Solutions Workshop: Unlock Inclusive Trade
  • Solutions Workshop: Expand Access to Secure Digital Forms of Identification


11:40 am

Rethinking AI: An Engine for Job-Creation

A gathering expert consensus sees Artificial Intelligence destroying jobs and, potentially, kicking away the ladder to prosperity for emerging economies. But is this view too pessimistic? Can we imagine a different future where AI augments human talent rather than replacing it, in the process creating new opportunities for entrepreneurs and narrowing economic and gender disparities?


  • Francine Lacqua, Bloomberg News


  • Lee Kai-Fu, Founder, Chairman, and Chief Executive Officer, Sinovation Ventures
  • Rajesh Gopinathan, Chief Executive Officer, Tata Consulting Services
  • Herman Narula, Chief Executive Officer and Co-Founder, Improbable
  • Wang Xing, Chief Executive Officer, Meituan Dianping Group
12:10 pm

Brexit and the Future of Europe

The United Kingdom goes to the polls on December 12 to try to break months of deadlock over Brexit. Will Boris Johnson get a mandate to take his country out of the EU? If so, what will be the impact on the British economy? More broadly, would Britain’s exit strengthen EU solidarity or exacerbate the divides in a region roiled by populist politics and differences over economic and fiscal policy.

Moderator: Stephanie Flanders, Head of Bloomberg Economics


  • Philip Hammond, Former Chancellor of the Exchequer, Her Majesty’s Treasury, United Kingdom of Great Britain and Northern Ireland
  • Jörg Kukies, State Secretary at the Federal Ministry of Finance, Federal Republic of Germany
  • Stephen King, Senior Economic Advisor, HSBC
12:30 pm

Lunch Sessions

Partner sessions will be selected in advance by forum Delegates.

  • In an Age of Disruption: Delivering More Energy with Fewer Emissions
  • The Road Ahead: China’s Role in Africa’s Economic Transformation
  • Business Beyond Borders: Opportunities and Challenges for Global E-commerce Growth
  • Mobility Solutions: Navigating Sustainable Cities of the Future
1:50 pm

Bilateral Meetings and Breakout Sessions

  • Trading Data Bazaars in the Cloud
  • Silk Roads to Super Highways
  • Solutions Workshop: New Actors and New Models for Global Governance
  • Gateway to Latin America: Growth and Global Trade in Panama, Sponsored by the Ministry of Commerce and Industry
2:45 pm

Is the World Really Flat? Protectionism and Populism Reveal Craters

The global economy is cratering in places amid the rise of populism and protectionism in the rich world. Is the era of open trade over? If so, what does that mean for poorer countries in Africa and other New Economies that are hoping to climb the ladder to prosperity through manufacturing? In the absence of trade as a primary growth driver, what are the new models of development?


  • Zhu Min, Chairman of INstitute of Financial Research, Tsinghua University


  • Diana Choyleva, Chief Economist, Enodo Economics
  • Fred Hu, Founder and Chairman, Primavera Capital Group


  • Gary Cohn, Former Assistant to the U.S. President, Former Director, U.S. National Economic Council
  • Xu Niansha, Chairman, China Poly Group, Executive Director, China Chamber of International Commerce, President, China Arts and Crafts Association
  • Wang Huiyao, Founder and President, Center for China and Globalization
3:25 pm

"Xian feng"! The Leading Edge of Innovation

Once a technology laggard, China today is a pioneer or “xian feng”. It has pulled ahead in areas like genome editing and quantum computing — and is not far behind in technologies like artificial intelligence. What are the sources of China’s entrepreneurial vigor? Where are the new opportunities? Where are the threats?

Moderator:David Rubenstein, Co-Founder and Co-Executive Chairman, The Carlyle Group


  • Martin Lau, President, Tencent Holdings
  • Jean Liu, President, Didi Chuxing
  • Eric Schmidt, Technical Advisor, Alphabet
4:15 pm

Bilateral Meetings

5:30 pm

Forum Closing

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