Speaker：Dic Lo (Professor, China Institute, School of Oriental and African Studies, University of London)
FirstClass：The Perspective of the New Normal
Time：September 23, 2020(Wednesday), 6:00-9:00 PM
Venue: RoomID：587 382 231,Tencent meeting
Description：Since the world economy entered the "Great Recession" in 2008, China's economy has also experienced profound changes, mainly manifestingin a sharp slowdown from rapid growth.Existing literaturesaregenerally around two themestoexplainthe slowdown of China's economy, one is the theory of insufficient demand, the other is the theory of diminishingtherateofprofit. This paper analyzes the theoretical logic and empirical basis of these two theories. Combined with previous research,thispaperattempts to clarify the structural and institutional conditions involved in economic performance, and to explore the future direction of China's economic reform. This paperpredictswhether China's economy can maintain or even resume high-speed economic growth, whichlaying the foundation for the overall social development, depends on the balance between the two economic reform modes. To illustrated, the balance between production-oriented mode and the speculation-oriented mode. Obviously, this balance has been leading the direction of China's economic reform since the beginning of the new century, especially since 2008.
Second Class：The Review of SOE——"Exit, Appeal andLoyalty
Time：September 25, 2020 (Wednesday), 6:00-9:00 PM
Venue: Room ID：511 786 425, Tencent meeting
Description：Up to now, the institutional nature of China's state-owned enterprises is still far from the principle of individual property rights and pure market. However, their performance is definitely inefficiency. Reviewing the guiding theory of State-Owned Enterprises reform and its actual performance in the past 40 years, it is not only beneficial but also necessary for China's economic reform in the new era. On the contrary, they may have made significant contributions to the overall economic development. Firstly, compared with non-State Owned Enterprises, the system of China'sState-Owned Enterprises contains a higher degree of long-term orientation or fixed characteristics, that is, a lower degree of flexibility to the market; From the theory, it can be judged that the long-term orientation characteristics are often conducive to promoting the productivity efficiency, but at the same time, it has a negative impact on the efficiency of resource allocation. Secondly, the performance after the two impacts offsetting each other, in other words, the performance of the relative efficiency ofState-Owned Enterprises and non-State-Owned Enterprises often depends on the operating environment of enterprises, that is, whether the characteristics of the enterprise system matches the overall economic reform mode. The theoretical basis for the above topic is the famous framework of "exit, appeal and loyalty" in the literature of development economics, in which "exit" refers to the pure market principle, "appeal" refers to the special exchange / trait exchange principle related to market failure, "loyalty" refers to the principle of collective cooperation and learning, which means that various long-term oriented and short-term oriented enterprise systems have their own relative efficiency characteristics. Since the beginning of the century, especially since 2008, the competition between production-oriented mode and speculative oriented mode has dominated the direction of China's overall economic reform. State-owned enterprises are more compatible with production-oriented mode because of their long-term oriented system. Therefore, the future of China's s State-Owned Enterprises actually affects the future of China's overall economic reform.
ThirdClass："Go globally"andThe Less Advanced Development of The Whole World
Time：September 28, 2020 (Monday), 6:00-9:00 PM
Venue: Room ID：185 703 238, Tencent meeting
Description：Since the beginning of the century, China's influence on the world's development has increased greatly and has become one of the decisive subjects in the world. This paper discusses the important aspects of China’s role with focus on two core topics of the existing academic literature, i.e. "The trend of China’s deteriorating de industrialization of developing countries" and "China's lowering the working conditions of the working class in the developing countries", to which criticism is done in the paper. Thus, the core topic of this paper is derived, that is, on the whole, China's role in the development of the world is positive. World capitalism tends to be Neo liberalism and financial speculation, while China's political and economic structure has always adhered to the productive orientation to a great extent, from this point of view, China's foreign economic activities are of great significance to promoting world development.
