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Some Observations on the Chinese Economy A Special Lecture for Center for East Asian Studies, CCSU & Chinese Culture Center Dr. Jon-Shen Fuh Fuh International, Inc. 11:00 am, Monday, April 27, 2009 Room 204, Vance Academic Center, CCSU People around the world who suffered from financial tsunami may blame greedy Wall Street executives, slack regulatory agencies or the overspent American altogether for creating the black holes. Since we all live in a global village, it is more constructive now to fix the problems than finger pointing. This seminar is intended to offer you another perspective on how China faces and counteracts this crisis. As guidance, we like to briefly review modern Chinese history pertaining to the topic, depict China’s position in the world economy since AD1500, and compare its recent macroeconomic data with the United States’. We then proceed to investigate the driving forces behind a nation whose GDP has grown at an average annual rate of 9.8% for the past 3 decades. You may find that government, Confucianism, entrepreneurship, urbanization and demographic dividend all play significant roles. As we say, “In every crisis always lies an opportunity,” the case of a Chinese company striving for green technology will be examined. Among other indicators, a dramatic shift in world banking center of gravity clearly indicates that China’s financial arm is robust. Nevertheless, it is badly hurt by dwindling foreign demands when its growth is still heavily relied on export. So, how China counteracts the calamity? Why China vows to guard 8% growth this year and what are chances of success? Along these lines, we will discuss a world-class puzzle China is facing and stumbling blocks to its further development. Latest statistics including money supply, domestic spending, import/export and industrial data might help us answer a key issue that investors are inquiring into: “Will China first recover from the crisis?”