The following is a summary of David Daokui Li's keynote address and roundtable discussion at the Seventh Annual Conference of Government and Economics held at Tsinghua University, Beijing, on June 7, 2025. Dr. Li is Co-President of SAGE and Director of ACCEPT.

On June 10, 2025, the Seventh Annual Conference of Government and Economics, co-hosted by the Society for the Analysis of Government and Economics (SAGE) along with Tsinghua University's School of Social Sciences and the Academic Center for Chinese Economic Practice and Thinking (ACCEPT), was broadcasted online. Apart from partaking in a lively roundtable discussion, the Co-President of SAGE and Director of ACCEPT, David Daokui Li, delivered a keynote address to attendees at the conference that outlined all the progess to date on the development of government and economics as an emerging field of study.

Li first proceeded to introduce the core concepts of government and economics. For instance, the government should be included in research as a direct participant in the modern market economy, with the goal being to empower the government with better incentives to cultivate and correct the performance of the market, in this way propelling the high-quality development of the overall market economy. He emphasized the innovative potential of the research paradigm adopted by this discipline, which recommends that research papers should take real-world cases as their starting point, before then proceeding to fully lay out a theoretical model and demonstrating the general applicability and significance of the topic under question through statistical analysis.

Li also delivered a progress update on the development of the emerging discipline of government and economics, including recounting the achievements made by the English-language journal within academic circles, in addition to the forthcoming publication of the Chinese Journal of Government and Economics as a Chinese-language periodical. This latest journal installment aims to serve the academic and policymaking communities, with the publication's main goals being to achieve fast-paced review times, a high degree of readability and widespread circulation. Moreover, the research institute is now planning on changing its name from the Academic Center for Chinese Economic Practice and Thinking (ACCEPT) to the Research Institute for "Government and Economics" in the future, committing itself to the advancement of a new field of academic research garnering a high level of recognition that takes China's economic practice as its basis.