Over 500 entrepreneurs and governmental officials were drawn together at the Tsinghua EMBA Management Forum in Shandong Province. Dean QIAN Yingyi of SEM made a speech at the forum.

Shandong is one of the major provinces where Tsinghua EMBA students come from. Till now, 168 Shandong entrepreneurs and officials had joined the EMBA Program. There have been several Tsinghua EMBA Management Forums in Jinan and Qingdao with over 2,000 participants.

Dean QIAN Yingyi delivering speech

The Dean’s speech, themed “market and innovation,” analyzed the chances and challenges for China in the post-crisis era. The Dean encouraged students to apply the perspectives of modern economics to current domestic issues. He also briefly reviewed the developmental history of America, other western powers and the Soviet Union during the economic crisis in the 1930s.

Quoting from J. A. Joseph Alois Schumpeter, Dean QIAN Yingyi said, the dynamics of the market lies with a “creative destruction” that disrupts existing ways of production and consumption. The innovative spirit of entrepreneurship should be highly valued.

In closing, the Dean stressed the need to remain objective in judging the opportunities and confusions for China brought by the crisis. The crisis reveals the weaknesses of the system, but the advantages of the market remain, and the innovative power of the US and other developed countries are not weakened by the downturn.

A shot from the forum

QIU Yunzhang, Chairman of Qilu Bank, a Tsinghua EMBA alumnus, also delivered a speech at the forum. He thanked the EMBA Program for giving him and his colleagues sharper ways of thinking and stronger confidence, therefore effectively assisted the development of Qilu Bank.

After the forum, the EMBA Shandong Alumni Association held a reelection.