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CHINESE UPDATE – The Chinese Economy and Key Reforms

Published on: May 13 2013
Contributed by: Professor Cai Hongbin, Dean, Peking University Guanghua School of Management (Beijing)

Executive Summary:  Despite the gloomy predictions of foreign economists, the Chinese economy is not near collapse, but actually about to turn around.  The presentation explores the current state of the economy, looking at metrics suggesting the Chinese economic down turn is worse than signaled by its GDP numbers, explains economic growth cycles and suggests key systematic reforms for sustained growth.

Main Article:

Chinese Economy and Key Reforms

Editors’ Note:  Cai Hongbin, Professor in Economics and Dean of Peking University’s Guanghua School of Management (Ph.D Stanford, 1997), and a member of the XBMA Advisory Board, gave the following presentation at XBMA’s first Legal Roundtable Symposium at New York University on May 7, 2013.  Dean Cai is one of China’s leading economists and the founding president of The Chinese Finance Association (TCFA, overseas).  He serves on the boards of China Unicom and on the board of Sinopec Group as an outside director.

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