ANALYSIS OF CHINESE MACROECONOMY by Fengbo Zhang, a Leading Chinese Economist

For a developing country like China, there is a need for economic studies that will aid in its economic development and progress. In relation to this, author Dr. Fengbo Zhang presents a comprehensive study on the Analysis of Chinese Macroeconomy.

In Analysis of Chinese Macroeconomy, the author uses the econometrics method, which so far has not been attempted by anyone, to depict definitively the development process and the existing state of the Chinese economy. Highly recommended for Chinese research scholars, businessmen and readers interested in China, this book provides the suitable materials for understanding modern China and the future of economic reform. Recently, Western economics is being introduced positively in Chinese economic policymaking decisions. This is the first genuine book, which quantitatively analyzes Chinese economy by an energetic and innovative Chinese scholar. The achievements of the time-series analysis and existing State analysis in this book are bound to give us the valuable guideline to predict the future of Chinese economy.

The first edition was published by People Press, the top publisher in China. First Place winner of the Chinese National Book Award 1987, has been used as key textbook for Chinese major universities and government training. Published by Yuhikaku Publishing Co., Ltd, one of the top Japanese publishers in Japanese in 1988, recommended by Okita Saburo the top economist in Japan:

 The Pinnacle of Chinese Economic analysis, the First Genuine Research Book

 In which direction will the Chinese economy aim? An energetic and innovative Chinese scholar uses the econometrics method, so far not attempted by anyone, to depict definitively the development process and the existing state of the Chinese economy and to provide the suitable materials for understanding modern China and the future of economic reform. This book is required reading for Chinese research scholars, business men and readers interested in china.

China, home to over one billion, now attempts to make a leap forward to a new development stage through economic reform. In this process, the government economic policy plays a great role, and reasonable, effective policy is being requested. Recently Western economics is being introduced positively in the Chinese economic policy decision. This book is the first genuine book which quantitatively analyzes Chinese economy by an energetic and innovative Chinese scholar. I firmly believe that the achievements of the time-series analysis and existing state analysis in this book are bound to give us the valuable guideline to predict the future of Chinese economy.

 Author Mr. Fengbo Zhang has studied economic policy and econometrics in Japan. He is playing a leading role in current Chinese economic research projects. When individuals with Mr. Zhang’s ideology and realistic experience come forth in large numbers to take part in the economic policy decision, China certainly will hold a leading position in the world economy!

   — Okita Saburo, Former Foreign Minister of Japan, President of International University

Book: http://chinamacroe.googlepages.com/home

Author http://fengbozhang.googlepages.com/

Prof. Roger Myerson (University of Chicago), Nobel Prize 2007 Econometric Society Presidential Address: “Understanding the Foundations of Institutions: Moral Hazard in High Office” In his Econometrics Society presidential address, Nobel Laureate Prof. Roger Myerson speaks about moral hazard in high office and the complex relationship between leaders and the officials in charge of managing their interests. Prof. Myerson discusses the relevance of the ‘scarcity of trust’ and the different reactions officials can have depending on the incentives offered by the leader. He argues that we can apply this concept to large firms, governments and other organizations of a similar scope.