Reform, Openness and China's Economic Model

Dr Yang Guang, Nankai University

Reform, Openness and China's Economic Model
Thursday 30 September, 10.00am - 11.30am (BST)/5.00pm - 6.30pm (Tianjin, China)
Zoom online seminar
Chaired by Professor Sai Ding, Adam Smith Business School

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2021 marks ten years since the establishment of the Confucius Institute at the University of Glasgow in collaboration with Nankai University. In order to celebrate this anniversary, the Confucius Institute has arranged a series of four lectures in economics, history and medicine at the masters level to be exchanged between the University of Glasgow and Nankai University and delivered by academic staff of the two universities. These lectures are an opportunity for students of each university to learn from academic staff of the partner university across different disciplines.


The lecture mainly aims to illustrate two issues: one is the economic development after China's economic reform and openness policy, and the other is to summarise the development model of China's economy on this basis. China's economy may be analysed from three aspects: (1) the dual economy, which is the basic feature of developing countries differing from developed countries, that is, the coexistence of traditional and modern economic sectors; (2) the transitional economy, from a planning economy to a market economy; (3) the transition from a closed economy to an open economy. Based on this, the lecture will present China's economic development model: first, promoting the transformation of economy from dual economy to modern economy through urbanisation, second, promoting the transformation from the planning economy to the market economy through the establishment of market economy, and third, absorbing the development achievements of various countries through open policy. Therefore, the economic reform and openness policy is very important for China's economic development.


Dr Yang Guang is an Associate Professor of Economics at Nankai University, a short visiting scholar at the University of California, Berkeley, and the Chinese University of Hong Kong. His recent research involves macroeconomics, economic development and China's economy. Recent publications include the application of DSGE (dynamic stochastic general equilibrium) model in China economy, empirical determinants of economic growth, and economic effects of economic reform and open policy in China.

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First published: 16 September 2021

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