Independent Think Tank - China Market Reform Initiative

Unirule Highlights
About Us
Biweekly Symposium
Support Us
Contact Us

You are here:Home>Biweekly Symposium

Biweekly Symposium] No. 587:  Misallocation in Space as the Flaw of China's Economy. 
Time:2018-03-17 16:19:55   Clicks:

Biweekly Symposium] No. 587:  Misallocation in Space as the Flaw of China's Economy. 

Lecturer: LU Ming

Host: Qinsidao

Commentator: CAI Jiming, ZHAO Zheng, ZHENG Yanting

Professor LU Ming firstly emphasized the importance of misallocation in economics. He thought multiple misunderstandings are derived from resource misallocation in a country so big like China. He then offered his take on the New Normal, where economic slowdown is taken as an issue of misallocation. It is, therefore, not a new normal, or a cyclic phenomenon. What’s at issue concerns two resources, construction land and capital. He thought the misallocation of these two resources in coastal and inland areas has resulted in an imbalanced development model. He stated that we should not mistake the balance of scaled development for the balanced development per capita. Another misunderstanding has to do with the blind faith in the power of government instead of the market. By using detailed statistics, graphics, and thorough analysis of the trends in capital and debts, China’s TFP, supply and demand of land, and local debts, Professor LU Ming made a persuasive case against the conventional development model that stressed the balance between localities instead of balance between resources per capita across the country. 

Upcoming Events
Unirule and Fairbank Cent...  
A Seminar on “Tax Burden...  
An Urbanization Salon Hel...  
The Sixth Session of the ...  
Seminar on “Theoretical ...  
The Sixth Session of West...  
The Third Session of Haye...  
The New Economy Salon Ses...  
        Unirule Institute of Economics
        Floor 6, Zhengren Building, No. 9, Chong Wen Men Wai Street, Dongcheng District, Beijing, 100062, China
        Tel: 8610-52988127 Fax: 8610-52988127