Beijing, August 1, 2008 – Nearly 100 participants attended Professor Chen Zhiwu’s lecture at the Cheung Kong GSB Beijing Campus noon on July 30 for a break from the office and network with professionals from diversified industries
Speaking on the topic – “China Inc.: The Rise of The State?”, Professor Chen shared with audience his recent research on the ways that the Chinese government manages its revenues, how the government continues to play a vital role in China’s economy, and how the pattern of asset distribution for China’s Central government compares to that of the US Federal government. His findings indicate that the Chinese government, not individual households, has been making the majority of the economy’s investment and spending decisions. Consequently, the Chinese economy is driven more by investment and less by consumption, and looks to be even more so in the future.
