Facing the Era of Great Transformation

1. Front Matter

   Pages i-xv

   PDF

2. Let History Illuminate the Path to the Future

   1. Front Matter

      Pages 1-1

      PDF

   2. The Market Economy in China’s Reform

      • Wu Jinglian

      Pages 3-26

   3. Countries on the Way to Power: The Rise of Great Powers

      • Wu Jinglian

      Pages 27-38

   4. Economics and the Rise of China’s Economy

      • Wu Jinglian

      Pages 39-61

3. Short-Term and Long-Term Problems Facing China’s Economy

   1. Front Matter

      Pages 63-63

      PDF

   2. Inflation and Asset Bubbles Stem from Unsustainable Growth Patterns

      • Wu Jinglian

      Pages 65-70

   3. “The Man Who Does Not Think Far Ahead Will Have Troubles Near at Hand”: Reflections on the Financial Crisis and China’s Economy

      • Wu Jinglian

      Pages 71-75

   4. The Global Financial Crisis and the Chinese Economy

      • Wu Jinglian

      Pages 77-89

   5. Policy Reflections in a Period of Crisis: Introduction to Amity Shlaes’ The Forgotten Man: A New History of the Great Depression

      • Wu Jinglian

      Pages 91-97

   6. Some Dos and Don’ts for the Government: Promoting the Transformation of Development

      • Wu Jinglian

      Pages 99-101

   7. China’s Macroeconomic Situation and Prospects for the 12th Five Year Plan

      • Wu Jinglian

      Pages 103-119

   8. What Is the Core Issue for Transformation and Upgrading?

      • Wu Jinglian

      Pages 121-128

   9. The Government Should Not Play a Leading Role in “Adjusting Structure”

      • Wu Jinglian

      Pages 129-133

   10. Comprehensively Deepening Reform and the New Urbanization

       • Wu Jinglian

       Pages 135-144

4. Rallying to Restart the Reform

   1. Front Matter

      Pages 145-145

      PDF

   2. Three Thoughts on Demolition

      • Wu Jinglian

      Pages 147-152

   3. High Speed Rail: The “Miracle” of the Chinese Model?

      • Wu Jinglian

      Pages 153-158

   4. “China Model” or Transitional System?

      • Wu Jinglian

      Pages 159-163

   5. Where Will China Go in 2012?

      • Wu Jinglian

      Pages 165-176

​This book collects essays from Chinese economic sage who was the mastermind of the reform and opening and persistent champion of market-driven development. In the essays, he outlines his vision of the systemic reform needed for today's China, from rule of law to completion of the market system and reform of state-owned enterprises. Dr. Wu's thoughts are always of interest, but at this pivotal moment of Chinese economic recalibration, his views will be of more value than ever, to scholars, economists, journalists, and those in civil society.

• Chinese Globalization
• Reform and Opening
• Mixed Economy
• Rising China
• Social Change and Economics

• Chinese Academy of Social Sciences, Beijing, China

  Wu Jinglian

 Wu Jinglian graduated from Fudan University in 1954. He is a researcher on the Development Research Center of the State Council, Chaired Professor of the Baosteel Economics at the China Europe International Business School (CEIBS), a professor at the Graduate school of Chinese Academy of Social Sciences, and a doctoral supervisor of the School of Economics of Peking University, as well as the Honorary President of International Economic Association.

Policies and ethics