Chinese Economy
2015 Fall

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Course Info:

  • Hours (Credit): 32 (2)
  • Lectures: Thursday (1-11) 13:00-15:45, Bao Tu A511
  • Instructor: Junhui Qian
  • Office Hour: Wednesday 13:00-14:00pm or by appointment
  • Office: Baotu #1706, Xuhui Campus
  • Phone: 021-52301191
  • jhqian At

What The Course Is About:

This course offers a comprehensive introduction to the Chinese economy for graduate students in the international business and management program. It begins with the background of Chinese economic growth, including geographical setting, a brief history of the command economy before 1978. Then it proceed to the transition and development of the Chinese economy in the reform-era. We focus on the strategy of reform and structural changes in the economy. The third part covers international trade, foreign investment, and the financial system. Finally we conclude with a discussion on the future of the Chinese economy.

How We Learn:

The course include lectures, after-class readings, and research projects. It is very important to finish readings after class. Starting from mid-semester, students will form teams, each of which will develop a research project and write a term paper.

How I Grade:

Class Participation 10%, In-class Presentation 40 %, Term Paper 50%.

The grade on class participation is measured by attendance, performance on raising and answering questions, participation of discussions.

Students are required to form research teams, each of which should not exceed 5 students. Diversity in each team is highly recommended. Both the in-class presentation and the term paper are based on the same project, the topic of which is subject to the instructor's approval. Each presentation lasts about 15 minutes. The term paper should be no less than 2000 words and no more than 5000 words. A good paper should be both rich and concise.

Textbooks and Other Learning Materials

The Main Textbook:

•  The Chinese Economy: Transitions and Growth, Barry Naughton, MIT Press 2007.

Recommended Books:

•  China's Great Economic Transformation, Brandt and Rawski (eds.), Cambridge University Press 2008.

•  Demystifying the Chinese Economy, Justin Yifu Lin, Cambridge University Press 2011.

•  China, A New History, Fairbank & Goldman, Harvard University Press, 2006

•  The Politics of China: Sixty Years of The People's Republic of China, Roderick MacFarquhar, Cambridge University Press, 2011

Chinese Books:

•  中国经济,蔡昉、林毅夫著,中国财政经济出版社, 2003 年

•  当代中国经济改革教程,吴敬琏著,上海远东出版社, 2010 年

Recommended Documentaries:

•  China: A Century of Revolution Part 1, 2 and 3 (2002) by PBS

•  China in the Red (2003) by PBS

•  Morning Sun (2003) by Carmen Hinton et al.

•  China on the Rise (2005) by PBS

•  China Rises (2006) by CBC

•  China from the Inside (2007) by PBS

Class Schedule:

  1. Historical and Geographical Settings (Chp 1, 2)
  2. Reform and Development (Chp 3, 4)
  3. Transformation of Chinese Economy (Chp 6, 8, 13)
  4. International Trade and Investment (Chp 16, 17)
  5. Macroeconomic Trends and Cycles (Chp 18)
  6. Fiscal System (China's Great Economic Transformation, Chp 12)
  7. Financial System
  8. Monetary Policy
  9. Presentations of Research Projects

A list of possible research topics

Groups (Let me know if there is any mistake.)

Reading Assignment (*: required)

Week 1:

  • *Chapter 1 and 2 (of the textbook)
  • Chapter 8 of Fairbank & Goldman (2006)
  • Justin Yifu Lin, 1995, The Needham Puzzle: Why the Industrial Revolution Did Not Originate in China, Economic Development and Cultural Change, Vol. 43, No. 2, pp. 269-292
  • Dwight H. Perkins, 1967, Government as an Obstacle to Industrialization: The Case of Nineteenth-Century China, The Journal of Economic History, Vol. 27, No. 4, The Tasks of Economic History, pp. 478-492

Week 2:

  • *Chapter 3, 4
  • Chapter 3 and 4 of Demystifying the Chinese Economy, Justin Yifu Lin, Cambridge University Press 2011.
  • Justin Yifu Lin and Dennis Tao Yang, 2000, Food Availability, Entitlements and the Chinese Famine of 1959-61, The Economic Journal 110, 136-158.
  • Wing Thye Woo, 2001, Recent claims of China's economic exceptionalism Reflections inspired by WTO accession, China Economic Review 12 107–136
  • Qian,Yingyi, and Jinglian,Wu (2003). “China's Transition to a Market Economy: How Far Across the River?” In Nicholas C. Hope, Dennis Tao Yang, and Mu Yang Li, How Far Across the River?, 31–64. Stanford, CA: Stanford University Press.

Week 3:

  • *Chapter 6, 8, 13.
  • Chapter 8 of Demystifying the Chinese Economy, Justin Yifu Lin, Cambridge University Press 2011.

Week 4:

  • *Chapter 17.
  • Miaojie Yu and Wei Tian, 2012, China’s processing trade: A firm-level analysis, in Huw McMay and Ligang Song (eds.) Rebalancing and Sustaining Growth in China, Australian National University E-press, 2012, pp.111-148. (available online)

Week 5:

  • *Chapter 17.
  • Maurice Obstfeld, 2011, The International Monetary System: Living with Asymmetry, NBER 17641

Week 6:

  • *Chapter 18.

Week 7:

  • *Chapter 12 of China's Great Economic Transformation

Week 9:

  • Chapter 19 of the textbook
  • Franklin Allen, Jun Qian, and Meijun Qian, 2005, China's Financial System: Past, Present, and Future.

Week 10:

  • Junhui Qian and Wing Thye Woo, 2013, The Great Accommodation: Chinese Central Banking in the New Millennium
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Last updated: Sep 4, 2013