Lang–Gu Dispute
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Lang–Gu Dispute
The Lang–Gu dispute () was a dispute in China about the privatization process adopted during Deng Xiaoping's reforms. New Left academic Larry Lang ( 郎咸平), a critic of the reforms, accused a private entrepreneur, Gu Chujun Gu Chujun () is a Chinese convicted criminal and former business executive and entrepreneur. He is a native of Yangzhou, Jiangsu Province. He studied at Tianjin University and became the Chief Executive Officer of Greencool Holdings in Hong Kong a ... ( 顾雏军), of having usurped state assets. Gu was later imprisoned in January 2008. This incidence had a short-term effect on the Chinese government, who halted privatizations after the debate. Generally, Chinese academic has reservation about this debate. References Chinese New Left Economy of China {{China-stub ...
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Chinese Economic Reform
The Chinese economic reform or reform and opening-up (), known in the West as the opening of China, is the program of economic reforms termed " Socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC). Led by Deng Xiaoping, often credited as the "General Architect", the reforms were launched by reformists within the Chinese Communist Party (CCP) on December 18, 1978, during the "Boluan Fanzheng" period. The reforms went into stagnation after the military crackdown on 1989 Tiananmen Square protests, but were revived after Deng Xiaoping's Southern Tour in 1992. In 2010, China overtook Japan as the world's second-largest economy by nominal GDP and in 2017 overtook the United States by becoming the world's largest economy by GDP (PPP). Prior to the reforms, the Chinese economy was dominated by state ownership and central planning. From 1950 to 1973, Chinese real GDP per capita grew at a rate of 2.9% per year on average, albei ...
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Chinese New Left
The Chinese New Left () is a term used in the People's Republic of China to describe a diverse range of left-wing political philosophies that emerged in the 1990s that are critical of the economic reforms instituted under Deng Xiaoping, which emphasized policies of market liberalization and privatization to promote economic growth and modernization. Chinese academic Wang Hui links the emergence of New Leftism with the financial crisis of 1997 and the 1999 United States bombing of the Chinese embassy in Belgrade, which damaged the credibility of liberalism in China, as well as the 1989 Tiananmen Square protests and massacre. There is an ambiguity of the term ''New Left'' in discourse drawing from the diversity of the movement, generally speaking, the New Left can be applied to a person who embraces leftist theories, ideals and traditions rooted in variations of socialist ideology, and other schools criticizing postmodernism and neoliberalism. The New Left's relationship with ...
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Larry Lang
Larry Hsien Ping Lang () (a.k.a. Larry Lang, Larry H.P. Lang, Lang Xianping, and Lang Hsien-ping) (born 1956) is a well-known Hong Kong-based economist, commentator, author and TV host in China. Lang has become a famous and controversial figure in China in recent years: Since 2002, Lang has risen to his fame by "scolding". From D'Long to Haier, from TCL to Greencool, those scolded by him were all well-known large enterprises. People who hate him call him a "Rogue Professor", whereas those who like him say he dares to speak the truth. Personal background Lang was born in 1956 in Taoyuan County, Taiwan (now Taoyuan City), and his ancestors are from Weifang, Shandong. Education Lang received his bachelor's degree from Tunghai University in 1978, and his master's degree from National Taiwan University in 1980. He then studied at Wharton School of the University of Pennsylvania, where he received a master's degree and a PhD in Finance. Lang was a lecturer at Wharton Schoo ...
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Gu Chujun
Gu Chujun () is a Chinese convicted criminal and former business executive and entrepreneur. He is a native of Yangzhou, Jiangsu Province. He studied at Tianjin University and became the Chief Executive Officer of Greencool Holdings in Hong Kong and the Kelon Group. He acquired Hisense Kelon, Meiling Electrical Appliance, Jinnuoer, Qihuawa, Xiling, Yanxing Bus and Xiang Bearing. In 2001, ''Forbes'' magazine ranked him as China's China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones ... 20th richest man. As an outcome of the Lang–Gu dispute, in January 2008, Gu was sentenced to 10 years in prison and a fine of 6.8 million yuan after a conviction for falsifying corporate reports. An appeal against the conviction was rejected in April 2009. Hisense Kelon also won damages of 30.15 mi ...
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