Dean Qiao Liu: How to Understand China's Economy

Dean Qiao Liu
Dean and Professor of Finance
Guanghua School of Management
Peking University

As China's economy shifts from high-speed growth to a medium-to-high-speed growth stage, maintaining an economic growth rate of around 5% has become a more frequently anchored goal when China plans its economic work and formulates macro policies. At the same time, pessimism in discussions about China's economic prospects gradually emerged and began to pervade mainstream media. "Is China's economic miracle over?" has become an important issue of global concern. 

In Liu Qiao's view, the realization of China's economic miracle over the past four decades has benefited from productivity growth in the process of industrialization and the "government+ market" growth paradigm. In the future, the biggest challenge for China's economic and social development is to maintain the growth rate of total factor productivity. What is cause for optimism is that the driving force for China's continued productivity growth is real. Liu Qiao is a leading authority on economics and finance in China and is recognized for his academic work in corporate finance, financial markets and the Chinese economy. He was named the Chang Jiang Scholar Special Term Professor by the Ministry of Education, a Distinguished Young Scholar by the National Science Foundation and the Most influential Chinese Economist of 2017 by China Newsweek.

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