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Professor Teng Tai, a Chinese economist, holds numerous prestigious positions in the field of economics. He serves as president of Wanbo New Economic Research Institute, chairman of Wanbo Brothers Asset Management Co., Ltd., member of the All-China Federation of Industry and Commerce Think Tank, executive chairman of the Academic Committee of the Metaverse and Artificial Intelligence 30 Forum, and founder of new supply-side economics and soft value economics. From 2005 to 2010, he has served as the director and managing director of China Galaxy Securities Research Center. From 2010 to 2012, he served as vice president and chief economist of Minsheng Securities. He previously served as adjunct professor at Renmin University of China, Fudan University, Central University of Finance and Economics, and Lanzhou University. He has authored numerous books on economics, including New Wealth Theory, Wealth of People, New Supply-side Economics, Soft Wealth, Soft Value, Global Inflation and Recession, Deep Transformation, and Soft Value Economics. Professor Teng participated in two Executive Meetings of the State Council chaired by the Prime Minister in 2010 and 2015 and delivered reports on China’s economy.