In the fifth conversation of this series, stars Switzerland Alumni Chapter President and stars Foundation Board Member Markus HERRMANN, Managing Director at China Macro Group (CMG), will be talking to Professor HUANG Yiping, Deputy Dean and Sinar Mas Chair Professor of Finance and Economics, National School of Development, Peking University, Beijing. After four decades of breakneck economic growth and after officially achieving the first centennial goal of building a "moderately prosperous society", the 14th Five-Year-Plan – endorsed in March 2021 – marks a pivot of China's economic policy from prioritizing fast and quantitative growth towards pursuing "high-quality development" – with many variables that need to be optimized in parallel, ranging from social, health, youth and demographic policy objectives to environmental protection or "orderly capital deployment". So: How to grow the economy while increasing equality and without stifling entrepreneurship? How to unlock value from China's digital economy while stepping up governance of data and the internet economy? Or more fundamentally, how to effectively balance the role of the government ("visible hand") and the role of market ("invisible hand") to achieve "high-quality development", as Xi Jinping already mused in his speech at a Politburo study session in May 2014?