Wu Jinglian
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Wu Jinglian
Wu Jinglian (; born January 24, 1930) is one of the preeminent economists of the People's Republic of China (PRC), primarily specializing in economic policy as it applies to China's ongoing series of economic reforms. Renowned for his resolute conviction that socialism is compatible with a market system, he is affectionately referred to in the media as Wu Shichang (). Wu currently () holds multiple positions, the most important of which are: Professor of Economics at both the China Europe International Business School and the Chinese Academy of Social Sciences; Senior Research Fellow for the Development Research Center of the State Council of the PRC; and Member of the Standing Committee of the Chinese People's Political Consultative Conference. As of 2021, he is also an adviser to the China Finance 40 Forum (CF40). Wu graduated from Fudan University with a degree in economics in 1954. He later attended the Institute of Economics at the Chinese Academy of Social Sciences. Throu ...
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Wu (surname)
''Wú'' is the pinyin transliteration of the Chinese surname wikt:吳, 吳 (Simplified Chinese wikt:吴, 吴), which is a common surname (family name) in Mainland China. Wú (吳) is the sixth name listed in the Song Dynasty Chinese classics, classic ''Hundred Family Surnames''. In 2019 Wu was the ninth most common surname in Mainland China. A 2013 study found that it was the eighth most common surname, shared by 26,800,000 people or 2.000% of the population, with the province having the most being Guangdong. The Cantonese and Hakka language, Hakka transliteration of 吳 is Ng (surname), Ng, a syllable made entirely of a nasal consonant while the Min Nan transliteration of 吳 is Ngo, Ngoh, Ngov, Goh, Go, Gouw, depending on the regional variations in Min Nan pronunciation. Shanghainese transliteration of 吳 is Woo. 吳 is also one of the most common surnames in Korea. It is spelled O (surname), 오 in Hangul and romanized O by the three major romanization systems, but more commo ...
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Stanford University
Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is considered among the most prestigious universities in the world. Stanford was founded in 1885 by Leland and Jane Stanford in memory of their only child, Leland Stanford Jr., who had died of typhoid fever at age 15 the previous year. Leland Stanford was a U.S. senator and former governor of California who made his fortune as a railroad tycoon. The school admitted its first students on October 1, 1891, as a coeducational and non-denominational institution. Stanford University struggled financially after the death of Leland Stanford in 1893 and again after much of the campus was damaged by the 1906 San Francisco earthquake. Following World War II, provost of Stanford Frederick Terman inspired and supported faculty and graduates' entrepreneu ...
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Economic Planning
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of socially owned organizations which together comprise the productive apparatus of the economy. There are various forms of economic planning that vary based on their specific procedures and approach. The level of centralization or decentralization in decision-making depends on the specific type of planning mechanism employed. In addition, one can distinguish between centralized planning and decentralized planning. An economy primarily based on planning is referred to as a planned economy. In a centrall ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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People's Daily
The ''People's Daily'' () is the official newspaper of the Central Committee of the Chinese Communist Party (CCP). The newspaper provides direct information on the policies and viewpoints of the CCP. In addition to its main Chinese-language edition, the ''People's Daily'' is published in multiple languages. History The paper was established on 15 June 1948 and was published in Pingshan, Hebei, until its offices were moved to Beijing in March 1949. Ever since its founding, the ''People's Daily'' has been under direct control of the CCP's top leadership. Deng Tuo and Wu Lengxi served as editor-in-chief from 1948 to 1958 and 1958–1966, respectively, but the paper was in fact controlled by Mao Zedong's personal secretary Hu Qiaomu. During the Cultural Revolution, the ''People's Daily'' was one of the few sources of information from which either foreigners or Chinese could figure out what the Chinese government was doing or planning to do. During this period, an editorial in t ...
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Social Justice
Social justice is justice in terms of the distribution of wealth, opportunities, and privileges within a society. In Western and Asian cultures, the concept of social justice has often referred to the process of ensuring that individuals fulfill their societal roles and receive their due from society. In the current movements for social justice, the emphasis has been on the breaking of barriers for social mobility, the creation of safety nets, and economic justice. Social justice assigns rights and duties in the institutions of society, which enables people to receive the basic benefits and burdens of cooperation. The relevant institutions often include taxation, social insurance, public health, public school, public services, labor law and regulation of markets, to ensure distribution of wealth, and equal opportunity. Interpretations that relate justice to a reciprocal relationship to society are mediated by differences in cultural traditions, some of which emphasize t ...
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He Qinglian
He Qinglian () is a Chinese author and economist, most prominently known for her critical view of Chinese society and media controls in China. Biography She was born in Shaoyang, Hunan, China, in 1956. She studied history in Hunan Normal University from 1979 to 1983. In 1988 she received a master's degree in economics from Fudan University in Shanghai, China. She worked in universities in Hunan and Guangdong for several years. Later she became a newspaper editor in Shenzhen, Guangdong. She wrote many articles and several books on Chinese society and the Chinese economy. '' The Pitfalls of Modernization'', her most famous book, sold over 100,000 copies in China and won acclaim from both the public and economists. She argues in ''Pitfalls'' that, as power has devolved to local government, local officials who at first favored reform later came to oppose further reform which might limit their discretion and so make it harder to trade power for money and money for power. In the latte ...
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Qin Hui (historian)
Qin Hui (; born 1953) is a Chinese historian and public intellectual. He previously held the position of Professor of History, Institute of Humanities and Social Sciences, Tsinghua University, Beijing. He is now an Adjunct Professor in the Department of Government and Public Administration, the Chinese University of Hong Kong. Career Qin's primary field is economic history and peasant studies. His mentor was Zhao Lisheng (), a Marxist historian in China. Since 1992 he has emerged as a prominent public intellectual, taking a stand on a range of issues, often in conflict with the official doctrines of the Chinese government. His general focus is China's agrarian history. Qin is a writer in the Sinosphere and the Chinese-speaking Internet, where collections of his works are commonly found. An important case in point is his doctrine of "issues versus isms" (''wenti yu zhuyi''). Banning of ''Moving Away from the Imperial Regime'' In December 2015, Qin Hui's new book '' Moving Away ...
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Magnate
The magnate term, from the late Latin ''magnas'', a great man, itself from Latin ''magnus'', "great", means a man from the higher nobility, a man who belongs to the high office-holders, or a man in a high social position, by birth, wealth or other qualities in Western Christian countries since the medieval period. It also includes the members of the higher clergy, such as bishops, archbishops and cardinals. In reference to the medieval, the term is often used to distinguish higher territorial landowners and warlords, such as counts, earls, dukes, and territorial-princes from the baronage, and in Poland for the richest ''szlachta''. England In England, the magnate class went through a change in the later Middle Ages. It had previously consisted of all tenants-in-chief of the crown, a group of more than a hundred families. The emergence of Parliament led to the establishment of a parliamentary peerage that received personal summons, rarely more than sixty families. A similar cl ...
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Crony Capitalism
Crony capitalism, sometimes called cronyism, is an economic system in which businesses thrive not as a result of free enterprise, but rather as a return on money amassed through collusion between a business class and the political class. This is often achieved by the manipulation of relationships with state power by business interests rather than unfettered competition in obtaining permits, government grants, tax breaks, or other forms of state intervention over resources where business interests exercise undue influence over the state's deployment of public goods, for example, mining concessions for primary commodities or contracts for public works. Money is then made not merely by making a profit in the market, but through profiteering by rent seeking using this monopoly or oligopoly. Entrepreneurship and innovative practices which seek to reward risk are stifled since the value-added is little by crony businesses, as hardly anything of significant value is created by them, wit ...
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Gu Zhun
Gu Zhun (; 1915–1974) was a Chinese intellectual, economist and pioneer of post-Marxist Chinese liberalism. A victim of "anti-Rightist" purges, he spent his later life in prisons and reeducation centres. The recovery and publication of Gu's prison diaries and theoretical writings caused a sensation in intellectual circles when published in the mid 1990s. Having spent his life as a highly trained economist with Marxist convictions and heroic career as a revolutionary, his fall from grace and savage punishment led him to develop an authentic and deeply personal conversion to the values of liberal democracy. Cut off from the mainstream of 20th century Western thought, he in a sense "reinvented the wheel" of liberal theory. While certain critics have disparaged his ideas as "laughable if translated into English," from a Chinese liberal perspective he represents a rare case of authentic invention of liberalism, relatively free of suspect foreign influences. Gu was an accountancy ex ...
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