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Hu Yongtai was born in George Town, Malaysia. He graduated from Swarthmore College in Pennsylvania, USA in 1976 with a bachelor's degree in economics and a bachelor's degree in engineering. He received a master's degree in economics from Yale University in 1978 and a master's and doctoral degree in economics from Harvard University in 1982. He is a disciple of Professor Jeffrey Sachs, a Nobel Prize winner in economics and a well-known expert on global development issues.

He is currently the Vice Chairman of the Asia Region of the United Nations Sustainable Development Solutions Network (SDSN), a distinguished researcher at Penang College in Georgetown, Malaysia, a visiting professor at the University of Malaya, a visiting professor at Sunway University in Malaysia, and a visiting professor at the University of the Chinese Academy of Social Sciences. He also serves as the Chairman of the Chinese Economists Association in the United States (CEANA) and the Chairman of the Chinese Economists Society (CES). He has also served as a senior fellow at the Brookings Institution, director of the East Asia Program at the Center on Globalization and Sustainable Development at Columbia University, and executive chairman of the Penang Institute in Malaysia.

Hu Yongtai has held research positions in many universities, research institutes and international organizations around the world, including the South Asian Institute of Singapore, the Center for Strategic and International Studies of Indonesia, the London School of Economics and Political Science of the United Kingdom, the International Monetary Fund, the University of Hong Kong, the National Taiwan University, the Institute of Strategic and International Studies of Malaysia, the Lowy Institute in Sydney, Australia, and Renmin University of China.

Hu Yongtai's main research areas are economic growth and sustainable development, macroeconomics and exchange rate management, and public economics. He is a pioneer economist in studying the transition from planned economy to constitutional reform.

According to the official website of Liaoning University, Hu Yongtai has unique insights and many strategic, forward-looking and creative ideas on global and East Asian economic growth. He has published more than 180 papers in international authoritative journals such as the American Economic Review (AER) and the Journal of International Economics (JIE), and has published many monographs. His paper "Monetary Analysis of Exchange Rate Determination under Rational Expectations - A Case Study of the US Dollar against the German Mark" was rated as one of the most influential papers in the past 30 years by the Journal of International Economics (JIE).

With his first-class academic level and far-reaching academic influence, Hu Yongtai enjoys a high reputation in the academic community. He serves as an academic consultant for many international academic journals, the editor-in-chief of "Asian Economic Herald", the editor-in-chief of "China Economic and Business Research" and the deputy editor-in-chief of "Asian Economic Magazine".

He always adheres to scientific rigor and practical applicability, pays attention to the combination of theoretical innovation and practical application, and provides valuable decision-making consultation and suggestions to many national government departments and international organizations in macroeconomics, foreign exchange management, state-owned enterprise restructuring, trade issues and financial sector development. He has served as a member of the Advisory Group of the Ministry of Finance of China, an advisor to the U.S. Treasury Department, an East Asian Economic Advisor to the United Nations Millennium Project, and a member of the International Advisory Group of the Prime Minister of Malaysia.

As a member of the advisory group of the Chinese Ministry of Finance, Hu Yongtai participated in the design of China's tax and exchange rate reforms, published "Financial Management and Economic Reform in the People's Republic of China" (Oxford University Press, 1995). In addition, he co-founded the Asian Economic Forum (AEP) and convened the Asian Development Bank and Columbia University's Earth Institute to jointly establish the "Shadow G-20 Workshop".

Hu Yongtai is one of the top economists in the international economics community who studies East Asian and Chinese issues. With a strong sense of social responsibility and mission, he is committed to promoting economic growth and development in China, Malaysia and Indonesia. He has conducted in-depth explorations on major practical issues in the modernization process of East Asia, such as the middle-income trap, transition economics, growth and development, globalization, exchange rates and regional economic differences. With his profound theoretical foundation and keen insight, he has made a profound analysis and summary of the laws of East Asian economic development. He is known as "one of the most famous Chinese economic experts in the world" for his outstanding contributions to China's economic reform and wealth gap research.

Previously, Hu Yongtai had been hired as a lifetime honorary professor at Liaoning University. He was invited to the university to give an academic report entitled "Reshaping Economic Globalization: Building a Peaceful and Prosperous Global Home" and to teach a course on "Avoiding the Middle-Income Trap" to doctoral students in economics.

It is worth mentioning that before Hu Yongtai was hired full-time, Liaoning University recently announced that Russell W. Cooper, a world-class macroeconomist and professor of economics at the European University Institute, would join the university full-time. Like Hu Yongtai, Russell Cooper also serves as a full-time professor at the Liaoning University China Institute of Economics.

Liaoning University is a comprehensive university with disciplines including literature, history, philosophy, economics, management, law, science, engineering, medicine, and art. It is a key construction university of the national "211 Project" and a national "Double First-Class" construction university. Its economics discipline has been selected for the Ministry of Education's "101 Project".

The China Economic Research Institute, where Hu Yongtai and Russell Cooper work, was established in October 2022. It is a physical research institution under Liaoning University. The institute takes serving the major decision-making needs of national and local economic and social development as its mission, aims to achieve high-level scientific research results, actively absorbs outstanding talents at home and abroad, builds a first-class research team, fully serves the economic discipline construction of Liaoning University, and enhances the school's social influence; fully serves the comprehensive revitalization of Northeast China and enhances the school's social contribution.

In August 2022, Yu Miaojie, formerly the Party Secretary and Vice President of the National School of Development at Peking University, moved to Beijing to serve as the President of Liaoning University. Yu Miaojie's main research areas are international trade, international economics, and development economics. According to the official website of the National School of Development at Peking University, Yu Miaojie is one of the top 1% economists with the most cited papers in the field of economics and management in the world, and is the only Chinese scholar to have won the "Royal Economics Award" so far. At present, Yu Miaojie has also served as the Dean of the China Institute of Economics.

According to the official website of the China Economic Research Institute, the institute has introduced more than 10 well-known scholars from home and abroad. They graduated from famous foreign universities such as the University of Southern California, Davis, the University of Wisconsin-Madison, the University of Virginia, the University of Southern California, Syracuse University, Virginia Tech, the London Business School, and the Autonomous University of Barcelona. Their research interests cover international trade, macroeconomics, labor economics, development economics, industrial organization, finance, etc. The institute is committed to building a first-class research team and continues to actively recruit outstanding talents from home and abroad.

Source: The Paper (Reporter Jiang Ziwen)