- Hours (Credit): 48 (3)
- Lectures: Every Monday 18:00-20:20, Xin Shang Yuan S409
- Instructor: Junhui Qian
- Office Hour: Wednesday 13:00-14:00pm or by appointment
- Office: Baotu #1706, Xuhui Campus
- Phone: 021-52301191
- jhqian At sjtu.edu.cn
What The Course Is About:
This course offers a relatively comprehensive introduction to the Chinese economy
for international undergraduate students. We begin with the background of Chinese
economic growth, including history and geography. Then we spend a lecture on the
planned-economy and discuss its legacies. Then we study a variety of topics such
as macroeconomic cycles, the land and real estate market, the capital market,
and so on. 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, every
student 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 can form research teams, each of which should
not exceed 2 students. 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 Chinese Economy: Transitions and Growth, Barry Naughton, MIT Press 2007.
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
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
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
- History and geography
- The planned economy and its legacies
- Reform and open-up (part 1)
- Reform and open-up (part 2)
- Reform and open-up (part 3)
- RMB exchange rate and internationalization
- Financial system (part 1, banking)
- Financial system (part 2, stock market)
- Financial system (part 3, private equity, bond market)
- Monetary policy
- International trade and investment
- Population and employment
- Taxation and expenditure
- Presentation of papers
- The future of Chinese economy
Reading Assignment (*: required)
- *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
- *Chapter 4 of Lin (2011)
- Chapter 19 and 20 of Fairbank & Goldman (2006)
- * Wing T. Woo (1999), The real reasons for China's growth, The China Journal 41, 115-137.
- Chapter 7 of Lin (2011)
- * Chapter 8 of Lin (2011)
- Laixiang Sun, 2000, Anticipatory Ownership Reform Driven by Competition: China's Township-Village and Private Enterprises in the 1990s, Comparative Economic Studies XLII (3), 49-75.
- * Wei Liang, 2002, China's WTO Negotiation Process and its Implications, Journal of Contemporary China, 11:33, 683-719
- Chapter 16 of China's Great Economic Transformation: China's Embrace of Globalization.
- * Zhang, L., and K. Tao. 2014. The Benefits and Costs of Renminbi Internationalization. ADBI
Working Paper 481. Tokyo: Asian Development Bank Institute. Available:
- *Kumiko Okazaki, 2007, Banking System Reform in China: The Challenges of Moving Toward a Market-Oriented Economy, Rand report. Available: https://www.rand.org/pubs/occasional_papers/OP194.html
- *Junhui Qian, 2016, The 2015 Stock Panic of China: A Narrative. Available: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2795543
- Chapter 19 of The Chinese Economy: Transitions and Growth.
- *Franklin Allen, Jun Qian, and Meijun Qian, 2005. “Law, Finance, and Economic Growth in China,” Journal of Financial Economics 77, 57-116.
- *Junhui Qian, Wing Thye Woo, 2014, The great accommodation: Chinese central banking in the new millennium, In: Financial Systems at the Crossroads: Lessons for China, World Scientific Publishing.
- *Robert C. Johnson, 2014, Five Facts about Value-Added Exports and Implications for Macroeconomics and Trade Research, Journal of Economic Perspectives, 28 (2),119–142.
- *HuafengZhang, 2017,Opportunity or new poverty trap: Rural-urban education disparity and internal migration in China, China Economic Review, 44,112–124.
- *Christine P. W. Wong and Richard M. Bird, China’s Fiscal System: A Work in Progress, the 12th Chapter of China's Great Economic Transformation, Brandt and Rawski (eds.), Cambridge University Press 2008.
Last updated: Feb 26, 2018