How much do you exactly know about the reality of China’s economy?Leading expert on China’s politics and economy
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Inside China: Economy
GREAT MINDS’ “Inside China: Economy,” the second episode of its special series on the country, features Hung Ho-fung, a professor of political economy at Johns Hopkins University. His lecture predicts China’s future by examining 600 years of its economic history, spanning from the end of the Ming dynasty and the Qing dynasty to the present day.
The first lecture, “Why China Lagged Behind Europe,” discusses why the Qing dynasty, a prime example of a market economy in the 1800s, failed to industrialize and ultimately fell behind Europe.
The second lecture, "How the Communist Party Took Over Mainland China," and the third lecture, "Why China Adopted Capitalism," explore the process of China establishing its economic foundation and embracing capitalism amidst the chaos from the end of the Qing dynasty to the Republic of China, and eventually, the formation of the People's Republic of China. In the fourth lecture, “How the China Boom Happened,” Hung examines the background of China’s rise to an export powerhouse in the 1990s, exploring how the country successfully developed its cities and attracted foreign capital despite social unrest.
The fifth lecture, "Why the State Is Rich but Individuals Are Poor," and the sixth lecture, "Why China Is Facing a Crisis," discuss the challenges the Chinese economy faced after its rapid growth in a relatively short period of time. We investigate the reality of the Chinese economy, now confronting a crisis of imbalance, incoordination, and unsustainability. The seventh and eighth lectures cover the history and current state of US-Sino relations. "Why the US and China Keep Fighting" delves into the background of the turbulent relationship between the two countries from the 1950s to the early 2000s, while "Who Will Gain Supremacy?" explores the possibility of the escalating US-Sino conflict leading to a new world war.
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Professor of Political Economy at Johns Hopkins University American Sociological Association’s Best Research Paper Award (2009, 2012) Association for Asian Studies’ Best Book Prize (2013) Author of such influential works as The China Boom: Why China Will Not Rule the World; Protest with Chinese Characteristics: Demonstrations, Riots, and Petitions in the Mid-Qing Dynasty; and City on the Edge: Hong Kong Under Chinese Rule
Hung Ho-fung is a Hong Kong sociologist and professor of political economics at Johns Hopkins University in the US. He has conducted research at various institutions including the Chinese University of Hong Kong, Indiana University at Bloomington, and National Tsing-hua University. With a prolific writing career focused on topics such as the impact and limitations of China's economic rise, state formation in China, and the trajectory of popular resistance since the 18th century, Professor Hung has received numerous best book and best paper awards from prestigious academic associations like the American Sociological Association and the Association for Asian Studies. His notable works include The China Boom: Why China Will Not Rule the World; Clash of Empires: From ‘Chimerica’ to the ‘New Cold War’; Protest with Chinese Characteristics: Demonstrations, Riots, and Petitions in the Mid-Qing Dynasty; and City on the Edge: Hong Kong Under Chinese Rule.
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