On November 9, 2024, Dr. Yue Huang, founder of Wisehub and a Yale Law School Ph.D., was invited to attend the 2024 Guike Annual Conference, which focused on the exploration and breakthroughs of the Chinese legal profession in the era of "going global." The conference brought together numerous elites from the legal field to discuss the development directions and strategies for the Chinese legal profession in the context of globalization.

On July 20, 2024, Wisehub and the Haina Academy Corporate Compliance Center successfully co-hosted an academic lecture titled "The Advent of the Era of Large AI Models and Legal Responses" at the Haina Industrial Haizhu Technology Park in Shanghai. The event featured Professor Zheng Ge from the Koguan Law School of Shanghai Jiao Tong University as the keynote speaker, attracting numerous elites from academia and industry.

Since 2012, China's approach to economic governance has undergone a significant transformation. My paper introduces the "Great Shift" concept, encapsulating China's evolving regulatory strategy for state involvement in the economy. This shift goes beyond merely expanding the state sector or favoring state-owned enterprises (SOEs). It signifies a strategic pivot towards enhancing the state's regulatory capacity over diverse market entities, including private firms and SOEs, to align with strategic state objectives. The Great Shift denotes a recalibration of the state-market boundary within China's political economy. Its primary aim is to forge a "tamed market economy," bearing substantial implications for China's developmental path and its interactions with other major economies. Acknowledging the Great Shift calls for rethinking traditional "state capitalism" views and adopting a more nuanced engagement with China's distinct state-driven model. This study sheds light on the pivotal elements driving the Great Shift and its extensive impact on China's political economy and the broader scope of global economic governance.