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LPS-EC205 China's Economic Transition: Past Trends and Future Prospects

Dr Xuezheng Qin, Associate Professor, School of Economics, Peking University

Course outline

This course offers a comprehensive overview of China’s economic development and its role in the world economy. Since the Chinese government introduced the policy of reform and opening up in 1978, the country has experienced a dramatic institutional transition from a planned economy to a market economy, and achieved more than three decades of persistent and rapid economic growth. In this course, we aim to provide students with the empirical knowledge and theoretical perspective to understand the “China Miracle”, i.e. the driving forces of the country’s economic development, the challenges it faces now and the future prospects of the economy.

The topics to be covered include the historical background of Chinese economy, China’s economic transition strategy and the issues related to the transition process, such as structural change, agricultural and industrial reforms, fiscal and financial policies, foreign trade and investment, etc. Special attention will be paid to the economic, political and institutional environment of the Chinese economy. Economic theories, combined with empirical analysis, will be applied to explain various economic phenomena in China, which will allow the students to form a balanced view of the country’s economic prospects, as well as to obtain a solid understanding of some fundamental economic principles.

Full course outline|

About the Instructor


Dr Xuezheng Qin is an associate professor in the School of Economics and a research associate in the Health Economics and Management Institute at Peking University. He earned his BS from Peking University and his PhD in Economics from the State University of New York at Buffalo.

His primary research interests include health economics, labour economics, and applied econometrics. His research is funded by Natural Science Foundation of China, Ministry of Education of China, International Development Research Centre (Canada), and others. He has published numerous papers in peer reviewed journals such as China Economic Review, Health Policy and Planning,European Journal of Health Economics, China Agricultural Economic Review, and ManagementWorld Monthly.

Dr Qin served as an adjunct lecturer at SUNY Buffalo and a research fellow in the New York State Center of Excellence on Human Capital. His current research focuses on health insurance, health related behaviors, regional distribution of healthcare resources, and intergenerational transfer of human capital.