The first citizen of the People's Republic of China to receive a Ph.D. in economics from an overseas country in 1986, Dr. Fengbo Zhang introduced Western Economics to China and has been advising top Chinese leaders in policy-making. He headed major national economic research projects. Analysis of Chinese Macroeconomy is the first research achievement of Chinese Macroeconomic Research, the key research project of the seventh Five-Year Plan of China, led by Dr. Zhang.
Reception
The first edition was published in Chinese by People's Press, the top publisher in China. [1] It was the first place winner of the Chinese National Book Award in 1987. [2] It has been used as a key textbook for major Chinese universities and government training.[3]Review
- The book was published in Japanese in 1988.[4] Saburo Okita, a leading economist and former Foreign Minister of Japan, posted the following book review:
- The Pinnacle of Chinese Economic Analysis, the First Genuine Research Book
- In which direction will the Chinese economy aim? An energetic and innovative Chinese scholar uses the econometrics method, so far not attempted by anyone, to depict definitively the development process and the existing state of the Chinese economy and to provide the suitable materials for understanding modern China and the future of economic reform. This book is required reading for Chinese research scholars, business men and readers interested in China.
- China, home to over one billion, now attempts to make a leap forward to a new development stage through economic reform. In this process, the government economic policy plays a great role, and reasonable, effective policy is being requested. Recently, Western economics is being introduced positively during Chinese economic policy decision. This book is the first genuine book which quantitatively analyzes Chinese economy by an energetic and innovative Chinese scholar. I firmly believe that the achievements of the time-series analysis and existing state analysis in this book are bound to give us the valuable guidelines to predict the future of China's economy.
- Author Mr. Fengbo Zhang has studied economic policy and econometrics in Japan. He is playing a leading role in current Chinese economic research projects. When individuals with Mr. Zhang’s ideology and realistic experience come forth in large numbers to take part in the economic policy decision, China certainly will hold a leading position in the world economy!''[5]
Contents
- Chapter 1. General Introduction
- Chapter 2. Historic Analysis
- Chapter 3. Public Finance
- Chapter 4. Money
- Chapter 5. Price
- Chapter 6. Consumption
- Chapter 7. Agriculture
- Chapter 8. Foreign Trade
- Chapter 9. Econometric Model of China’s Economy
- Chapter 10. Dynamic Analysis on Investment Policy
- Chapter 11. Analysis on Macroeconomic Situation
Publication history
- Chinese People Press, China, 1987, ISBN 7-01-000153-7, ISBN 978-7-01-000153-1, OCLC 21039582 [8],[9]
- Japanese Yuhigaku, Japan, 1988, ISBN 4-641-06520-9, ISBN 978-4-641-06520-8, OCLC 21034078 [10]
- English Xlibris, USA, 2008, ISBN 1-4363-3924-3 , ISBN 978-1-4363-3925-4, ISBN 978-1-4363-3924-7, OCLC 286351239 [11], [12]
Further reading
As expanded, with continued research and excerpts from “Chinese Macroeconomic Research”, the key research project of the seventh Five-year Plan of China, headed by Dr. Zhang, the following books are published:- Economic Analysis of Chinese Transportation [13]
Dr. Zhang also issued government reports for Chinese Transportation research and policy-making. In this book, he comprehensively analyzed Chinese transportation structure and key issues based on transportation economics theory and empirical analysis methods, including historical, structural, econometric and international comparison analysis along with other extensive data; guided Chinese transportation development plans and scientific policy-making.
- Computer and Economic Analysis
- Chinese Macroeconomic Structure and Policy
- Macroeconomic Operation and Control
- Dr. Zhang also introduced theory and method of the Japanese Government Economic White Paper to the Research Center of the State Council of China, designed and planned the Chinese Economic White Paper[25]. This latter has been developed as a Chinese Economic Report [26] under leadership of the Research Center of the State Council of China.
- A Chinese Economist’s Journey [27]
- Article Seeking the Truth for 20 years
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