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Event Details

Dear Members and Friends of SwissCham,

In the second webinar of this year's "Staying in Dialogue with China" series, we are excited to talk to Prof. LU Feng, Emeritus Professor of Economics at the National School of Development (NSD) at Peking University, about China's "market-oriented reforms".

China kicked off its institutional reform from a centrally planned to a more market-oriented economy in the early 1980s under Deng Xiaoping, but – unlike the "shock therapy"-type liberalization of the Soviet Union – Chinese policymakers have been careful in introducing market forces in a gradual and dual-track fashion, essentially letting the market grow out of the plan. So, after 45 years, the state still plays a prominent role in China's economy, even with the policy goal of letting the market play a "decisive role" in allocating resources.

What are the roles of the "visible" and "invisible" hands in the market based on CCP ideology? How are factors of production (labor, capital, land, data) liberalized today? What are policy factors preventing more rapid liberalization in general? How to balance market forces and government interventions in view of China's innovation and security needs? What is the link of 'market-oriented reforms' and 'industrial upgrading' as two structural transitions? What are policy trends regarding capital (state, private and foreign), e.g. the 'mixed-ownership reform'? What is the reform logic for China's financial system? How are anti-monopoly and IP protection evolving under the 14th Five-Year-Plan?

The webinars will be moderated by Markus Herrmann, Co-Founder and Managing Director of CMG. Take the opportunity to listen in and ask your questions to Prof. LU.

We are looking forward to welcoming you to this interesting seminar.

Kindly note: This webinar is held under Chatham House Rules and will not be recorded.




根据现有意识形态,市场中"看得见的"手和"看不见的"手分别扮演什么角色?今天生产要素(劳动力、资本、土地、数据)如何自由化?总体而言,阻碍更快自由化的政策因素有哪些?针对中国的创新和安全需求,如何平衡市场力量和政府干预? "市场化改革"和"产业升级"作为两次结构性转型有何联系?关于资本(国家、私人和外国)的政策趋势是什么,例如"混合所有制改革"?中国金融体系的改革逻辑是什么? "十四五"反垄断和知识产权保护如何发展?

网络研讨会将由 CMG 联合创始人兼董事总经理 Markus Herrmann 主持。借此机会聆听并向卢教授提问。



With best regards,

Your SwissCham Team


  • Feng LU (Emeritus Professor of Economics and former Deputy Dean of the National School of Development at Peking University)

    Feng LU

    Emeritus Professor of Economics and former Deputy Dean of the National School of Development at Peking University

    LU Feng is Emeritus Professor of Economics at the National School of Development (NSD) at Peking University, previously serving as Deputy Dean of the School. He has worked extensively on issues regarding China's open macro-economy, including exchange rate, external imbalance, capital return, food security and agricultural development, etc. He published more than 40 academic papers in both Chinese and English journals, 6 academic books and numerous magazine articles in these areas.

    Dr. LU serves as advisor and expert for various government agencies in China such as Ministry of Finance, Ministry of Human Resources and Social Security, Ministry of Agriculture, etc. Dr. LU was also the founding editor of “China Economic Journal”, the official English journal for the China Center for Economic Research at Peking University. He is now also a member of the Advisory Panel of ASEAN+3 Macro-economy Research Office (AMRO).

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  • Markus HERRMANN (Moderator, President at stars Switzerland Alumni Chapter)

    Markus HERRMANN

    Moderator, President at stars Switzerland Alumni Chapter

    Managing Director, China Macro Group (CMG)

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Webinar Series

After 45 years of exceptional development and growth, structural complexities in China's political economy are becoming increasingly challenging, calling for policymakers to skillfully navigate China's economy towards the proclaimed 'High-Quality-Development'. To make sense of these complexities and potential policy conundrums that shape the strategic context for foreign business, CMG looks at China's political economy and evolving policy environment by way of six structural transitions – three longer-term transitions that China embarked on with the 'reform and opening up' (改革开放) period, and three more recent transitions involving policy-steered trade-offs and rebalancing.


In this 2024 "Staying in Dialogue with China" webinar series, CMG will explore, debate and refine this conceptualization to these six structural transitions featuring six distinguished Chinese economists as expert speakers. Click here to find out more about the entire series.


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