Beijing, August 1, 2008 – Nearly 100 participants attended Professor Chen Zhiwu’s lecture at the Cheung Kong GSB Beijing Campus noon on July 30 for a break from the office and network with professionals from diversified industries

Speaking on the topic – “China Inc.: The Rise of The State?”, Professor Chen shared with audience his recent research on the ways that the Chinese government manages its revenues, how the government continues to play a vital role in China’s economy, and how the pattern of asset distribution for China’s Central government compares to that of the US Federal government. His findings indicate that the Chinese government, not individual households, has been making the majority of the economy’s investment and spending decisions. Consequently, the Chinese economy is driven more by investment and less by consumption, and looks to be even more so in the future.

 

Concluding his remarks, Professor Chen suggested that privatizing state-owned assets is the way to sustain China’s future economic growth, which has primarily been driven by investment and export until this point.

About Chen Zhiwu

Professor Chen Zhiwu is Visiting Professor at Cheung Kong GSB and Professor at Yale University, where he also received his PhD. His research covers China's economy and market development, and the impact of financial market development on culture, especially on Confucianism. Dr. Chen is also an expert on financial theory, securities design, and derivatives. In addition to having rich experience in executive teaching and consulting in China, Japan and the US, Dr. Chen is one of two partners at Zebra Capital Management, a quantitative hedge fund management company.

About the Cheung Kong Open Lecture Series

Cheung Kong GSB started the Open Lecture Series at the 2008 spring season with several high caliber business lectures by professors and outside speakers, mostly attended by foreigners living and working in Beijing. With its central location at Oriental Plaza, Cheung Kong GSB’s Beijing campus has been an ideal venue for pre-work breakfast seminars and evening networking events, whether in its library on the third floor or in the state of the art classrooms looking onto the CBD on the twelfth.

Click here to see past Open Lecture Series events.

Click here to watch Prof. Chen Zhiwu's lecture.