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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?”