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In our second webinar of this year’s “Staying in Dialogue with China” series, we are excited to talk to Prof. LU Feng, Emeritus Professor of Economics at the National School of Development (NSD) at Peking University, about China’s “market-oriented reforms”.

China kicked off its institutional reform from a centrally planned to a more market-oriented economy in the early 1980s under Deng Xiaoping, but – unlike the “shock therapy”-type liberalization of the Soviet Union – Chinese policymakers have been careful in introducing market forces in a gradual and dual-track fashion, essentially letting the market grow out of the plan. So, after 45 years, the state still plays a prominent role in China’s economy, even with the policy goal of letting the market play a “decisive role” in allocating resources.

What are the roles of the “visible” and “invisible” hands in the market based on CCP ideology? How are factors of production (labor, capital, land, data) liberalized today? What are policy factors preventing more rapid liberalization in general? How to balance market forces and government interventions in view of China’s innovation and security needs? What is the link of ‘market-oriented reforms’ and ‘industrial upgrading’ as two structural transitions? What are policy trends regarding capital (state, private and foreign), e.g. the ‘mixed-ownership reform’? What is the reform logic for China’s financial system? How are anti-monopoly and IP protection evolving under the 14th Five-Year-Plan?

The webinars will be moderated by Markus Herrmann, Co-Founder and Managing Director of CMG. Take the opportunity to listen in and ask your questions to Prof. LU.

This webinar will be conducted as off-the record.

Register here.