Conference on China’s Economic Transformation at the University of Zurich

On November 10, 2010, Fabrizio Zilibotti, Head of the Chair of Macroeconomics and Political Economy, and Principal Investigator of the ERC Grant “Institutions, Policy and Culture in the Development Process” organises an international conference assembling the leading economists contributing to the economic debate on the causes and effects of the Chinese economic miracle.

Over the last three decades since Deng Xiaoping introduced his first economic reforms, China has experienced unprecedented economic growth, lifting 500 to 600 million people out of poverty. High economic growth has been accompanied by a transition that entails moving to a full-fledged market economy. Such a transition brought about new challenges; threatened interior social cohesion caused by growing income inequality and a persistent development gap between rural and urban areas, a reform of the social welfare system, including the retirement system, which is sensibly intertwined with existing migration and registration laws. On a global stage, China has become the factory, but also the creditor of many western countries that creates tensions with its monetary policy. The effect of economic development of China on global sustainability is a major source of concern. From this background the speakers of the conference, will talk about their latest research giving further insight into the mechanisms of China’s economic transition and its effects on the modern society. The panel of speakers consists of leading economist from top universities across the globe:


The Great Transformation of China: Economic and Financial Factors

Wednesday, November 10th 2010, 8:30 – 18:00

University of Zurich, Rämistrasse 71, 8006 Zurich, Room: KOL-G-217


Admission is free of charge; registration required; please write an e-mail to

Program (Excerpt):

  • Shang-Jin Wei (Columbia GSB): Seemingly Under-valued Currencies
  • Keyu Jin (London School of Economics): Comparative Advantage and Growth: An Accounting Approach
  • Dennis Tao Yang (Chinese University Hong Kong): Accounting for Rising Wages in China
  • Zheng Song (Fudan University): Life Cycle Earnings and the Rise in Household Saving in China
  • Kjetil Storesletten (Federal Reserve Bank): Chinese Pension Reform in the Face of Financial Imperfections
  • Chong-En Bai (Tsinghua University): Factor Income Distribution in China
  • Xiaodong Zhu (University of Toronto): Misallocation of Capital Across Time: China's Investment Rate Puzzle
  • Jo Van Biesebroeck (Katholieke Universiteit Leuven): WTO Accession and Firm-level Productivity in Chinese Manufacturing
  • John van Reenen (London School of Economics): The Impact of China on Innovation
  • Chang-Tai Hsieh (Chicago Booth GSB): A Global View of Productivity Growth in China and India