Tongji University establishes Sino-German Academy for Economics and Management

- The new academy is committed to promoting exchanges and collaboration between China and Germany in the fields of economics, finance and management and providing technological and talent support   

SHANGHAI, Oct. 18, 2019 /PRNewswire/ -- Tongji University announced the establishment of Sino-German Academy for Economics and Management (CDAWM) on October 16. The academy is committed to developing a scientific theoretical foundation for economic and technological cooperation between China and Germany and for the ongoing implementation of China's Belt and Road initiative, by offering decision-making support and integrated solutions for addressing challenges facing multinationals operating in both countries, and building a pool of talented economic management professionals who will facilitate the comprehensive and strategic Sino-German partnership.

Tongji University party committee secretary Fang Shouen said during a speech delivered at the opening ceremony for CDAWM, "Tongji University has long been committed to building on its storied connection with Germany in a move to expand the width and depth of its partnership with the country. CDAWM is being established with the purpose of further strengthening the two countries' joint efforts in the fields of economics, finance and management with a view to engaging in academic exchanges, industry-education integration, university–industry collaborations and talent development. By exploring an innovative model with a focus on establishing world-class institutions with proven strength in the comprehensiveness of the curriculum, CDAWM will respond to China's actual strategic development needs.

As a window through which China can form and deepen its partnership with Germany, Tongji University has always been committed to promoting bilateral exchanges in education, technology and culture. As the two countries continue to deepen their economic and technological collaboration and trade exchanges along with the ongoing implementation of the Belt and Road initiative, the integration and exchange of higher education between China and Germany play a key role in furthering the cultural exchange.

By leveraging the School of Economics and Management's disciplinary strength in the fields of economics, finance and management as well as its years of experience in collaborating with universities around the world, Tongji University is establishing CDAWM with the support of the Chinesisch-Deutsches Hochschulkolleg (Sino-German College for Postgraduate Studies (CDHK)). Another mission of CDAWM is to develop talented individuals who will put their expertise and skills acquired in both a Chinese and Western context into practice.

With the support of the School of Economics and Management and its competitive disciplinary strength in engineering management that highlights innovation and entrepreneurship, CDAWM will establish five institutes with focuses on financial research, project management, industrial engineering, urban management, and innovation and entrepreneurship respectively. By combining the resources provided by universities, governments and companies in China and Germany, CDAWM aims to create a new standard in top-level disciplinary integration, industry-education integration and international cooperation by boosting the two countries' industry-university-research collaboration, creating an educational brand that integrates talent development, scientific research and social services, while building an ecosystem encompassing Chinese and German research, education and social studies.

Founded over 60 years ago, the School of Economics and Management, Tongji University (Tongji SEM) has developed unique interdisciplinary programs in economic management. The School has become one of China's top-rated institutions of higher learning in terms of its overall strength of management science and engineering discipline following the granting of an A+ rating during the Ministry of Education's fourth round of national disciplinary evaluations. In terms of international cooperation, Tongji SEM is uniquely positioned in collaboration with Germany and continues to expand its international cooperation model, which focuses on student exchange and joint research with countries targeted by the Belt and Road initiative. It has to date accumulated rich experience in implementing international collaborative talent development projects. The School has received a five-year accreditation from the world's three leading accreditation organizations AACSB, EQUIS and AMBA, becoming one of the very few accredited business and economic management schools in mainland China.

Tongji University has built several platforms with a focus on promoting the exchange with Germany, including CDHK, which have long played a key role in facilitating the two countries' cooperation and exchange in the fields of education, research and culture. The university has set the benchmark for close collaboration between Chinese and overseas universities. 

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