Fan Gang, one of China’s most prominent advocates of reform, is Professor of Economics at Beijing University and the Chinese Academy of Social Sciences. He also serves as Director of China’s National Economic Research Institute and as Secretary-General of the China Reform Foundation. He was previously a member of the Monetary Policy Committee of the People’s Bank of China.
Throughout 2010, China was criticized by the US Congress (and many others) for “manipulating” its currency in order to maintain an advantage for exports, and thus preserve its trade surplus. But China… read more
Most countries at a stage of development similar to China's experienced faster urbanization than industrialization. But the reverse is true in China, largely because the system of land tenure ensures … read more
Not long after the US Federal Reserve announced its second round of “quantitative easing, China’s central bank announced another two large increases in the required reserve ratio for bank deposits. Ho… read more
A major new target in the five-year plan that China just unveiled is to boost the growth rate for household income so that it equals the growth rate of GDP. The reason is simple: over the past 10 year… read more
It is difficult to overestimate the importance of regional issues – particularly inter-regional disparities – for China’s politics. That is why ensuring continued migration from the country's vast int… read more
Reports of labor shortages, wage disputes, and wage increases in China have abounded of late, naturally raising concerns that China’s labor-cost advantages may be disappearing. But, because China must… read more
When a developing country has a high savings rate as a result of structural factors, as China does, the best strategy is not to reduce savings through dramatic exchange-rate appreciation, which may ki… read more
While most major economies in their early stages of growth suffered crises, China’s story seems abnormal (or accidental), and has elicited periodic predictions of an “upcoming crash.” But there is not… read more
Many factors may be pushing China’s economy in the direction of overheating, and one of the most worrying fueled the crisis in the eurozone: mushrooming public debt. But, while the problem in the euro… read more
