New paradigm for interpreting the Chinese economy : theories, challenges and opportunities / Justin Lin Yifu.

Print version record.

Prospect for the Chinese economy in the 21st century -- Speech for the 2001 BiMBA top management class of Beijing University. 1. Introduction. 2. Review of achievements in the Chinese economy after reform and opening up. 3. Factors contributing to China's rapid economic growth. 4. Analysis of key problems in Chinese economy. 5. Solutions to China's economic problems. 6. Prospect for the Chinese economy: Optimistic or pessimistic -- ch. 2. Economic development and Chinese culture. 1. The cultural status of traditional China. 2. Efforts in modernization and three levels of Chinese culture. 3. Economic development and cultural changes. 4. Economic development and the future of Chinese culture -- ch. 3. The revival of China and the future of Chinese entrepreneurs. 1. Chinese Entrepreneurs overseas. 2. Challenges and opportunities for Chinese entrepreneurs -- ch. 4. Curb overheating to prevent supercooling -- ch. 5. Window guidance and macro control -- Contemplating the current macroeconomic policies of China. 1. Failure to reach expected effect by raising the interest rate. 2. Striking effect of window guidance -- ch. 6. Will the reform of exchange rate regime of RMB be successful? -- ch. 7. Commercial environment construction and macroeconomic development -- ch. 8. Competitive advantage, comparative advantage, and economic development strategies. 1. Main ideas of the theory of competitive advantage. 2. Comparative advantage is the basis for competitive advantage. 3. The core of the development strategy is to increase the capital accumulation -- ch. 9. Chinese state-owned enterprises and the reform of financial institutions. 1. China's reform of state-owned enterprises: Current status, course, and problems. 2. The structure of China's financial system. 3. Direction of the reform of the state-owned enterprises and financial system in China. 4. Conclusion -- ch. 10. The development pattern of the Chinese financial market in the new century -- Forward: China's tasks in the new century. 1. Criteria for the efficiency of different financial market systems and the evolution laws. 2. China's advantageous industries in the early 21s century. 3. Selection of China's financial market model. 4. The main-board securities Market cannot be the financing source for smalland medium-sized enterprises owing to the high cost of financing. 5. The growth enterprise securities market (GEM) is not suitable for Chinese small and medium-sized enterprises. 7. How to regard the merger wave of foreign banking industries and large banks' expansion to personal credit? 7. Conclusion -- ch. 11. On the optimal financial structure in economic development. 1. The economic development stage and characteristics of the financial structure. 2. Brief overview of the structure of real economy and risk characteristics. 3. On the nature and application of various arrangements of financial systems. 4. Evolution of the financial structure: Dynamic matching of the arrangements of financial systems and the structure of the real economy -- ch. 12. Lack of existing paradigm for interpreting the Chinese economy. 1. How to view the previous 25 years of rapid economic growth? 2. Chinese economy should not be viewed based on the current theoretical model. 3. Grasping slight changes to interpret the Chinese economy. 4. Maintaining rapid economic growth in the next two decades. 5. Technology -- The most important aspect in the long-term economic growth of a country. 6. Where is Chinese economy headed? 7. What kind of MBA education does China need? 8. Lessons from the West and the challenges and opportunities of Chinese economics. 9. The methodology of the pursuit of knowledge.

Since the reform and opening up in 1978, the Chinese economy has grown rapidly. China has become the focus of the world due to its astonishing achievements in every aspect of its economical growth. The country's transformation process has witnessed unprecedented social and economic phenomena and the existing economic theories have not been able to explain this rapid growth. Therefore, there is a need to establish new theories. This book fills the gap by bringing forth new ideas and economic theories. The author, who is one of China's most prestigious economists, has a profound understanding of the country's social, economic and political structures. The book is a collection of his most representative works in the recent years. The chapters not only investigate problems and challenges faced by the Chinese economy, but also shed new light on the solutions and opportunities.

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