Zhang Weiying

Zhang Weiying, 2011

Zhang Weiying ( Chinese  张维迎 , Pinyin Zhāng Wéiyíng ; * 1959 in Shaanxi Province ) is a Chinese economist . He is a professor at Peking University and was the head of the Guanghua School of Management. He is an advocate of the free market economy in the PRC .

Career

Zhang received his bachelor's and master's degrees from Northwest China University . In 1990 he went to the University of Oxford and received his doctorate in economics in 1994. From 1997 he was at Peking University. From 2006 to 2010 he was director of the Guanghua School of Management. He had to give up this post because of his critical views.

research

Zhang has published on numerous topics. Entrepreneurship and leadership are recurring themes in Zhang's work, and he believes private entrepreneurship is essential to an economy. Zhang was heavily involved in China's economic reform policy from the late 1980s to the 1990s. The reform of the dual price system in 1984 is attributed to him. This price system made it possible for a free and a fixed price system to coexist. The system served as an interim solution to a free price system. The dual price system has been criticized because it causes corruption, especially when government officials sell state-controlled goods at inflated prices through back doors.

Zhang is critical of Keynesianism , particularly government economic stimulus, a practice endorsed by the Chinese government as macro- controls. Zhang speaks out against government incentives intended to prop up the economy after the global financial crisis of 2008. Zhang believes the policy of restricting housing purchases in some major cities in order to cool the real estate market is wrong. In his view, a large government apparatus is detrimental to economic growth. Therefore, he proposes reducing the number of government officials to encourage economic growth. His views on free markets have led him to be labeled a new right wing and blind supporter of neoliberalism .

On October 14, 2018, he gave a lecture at Peking University on The Fair of the China Model . The lecture was posted on the university's website and deleted soon after. Zhang says China's rapid growth over the past few decades is not due to the China model , but rather to a universal model based on market launch, entrepreneurship and three decades of technology transfer from the West. In this lecture he doubts that there is even a China model. Rather, in his view, this assumption would lead to hostilities between the PRC and Western nations.

Works

• Zhang, Weiying, The Logic of the Market. An Insider's View of Chinese Economic Reform , Cato Institute, Washington, DC, 2015, ISBN 978-1-939709-60-8

Web links

Commons : Zhang Weiying  - collection of pictures, videos and audio files

Individual evidence

1. ↑ Zhang Weiying: The Logic of the Market. An Insider's View of Chinese Economic Reform . Cato Institute, Washington, DC 2015, ISBN 978-1-939709-60-8 , pp. 417 .
2. ↑ Zhang Weiying Removed as Dean of Guanghua School of Management . In: Economic Observer of December 14, 2010 . Retrieved November 21, 2019. 
3. ↑ ^{a b c} Zhang Weiying 张维迎 . In: Australian Center on China in the World . Retrieved November 21, 2019. 
4. ↑ Zhang, Weiying: The fairy tale of the China model. Zeit , November 14, 2018, accessed November 21, 2019 . 
5. ↑ Economist Zhang Weiying slams 'China model' that 'Inevitably leads to confrontation with the West' . In: South China Morning Post of October 26, 2018 . Retrieved November 22, 2019. 

Note: This article places the family name before the person's first name. This is the usual order in Chinese. Zhang is the family name here, Weiying is the first name.