Wen Tiejun: China’s Ten Economic Crises -- Lecture 1 (1949-1951) (Part 1)

Global University E-Lecture Series No.5: China’s Real Experiences Professor Wen Tiejun on Ten Cyclical Economic Crises in China (1949-2016) Lecture No.1: Revolution Bonus Regional War = Hyperinflation -- First Cyclical Economic Crisis in New China (1949-1951), 8 March 2017, Hong Kong Organized and produced by Global University for Sustainability Co-organized by Ecology and Livelihood Project, KFCRD, Lingnan University, Hong Kong Professor Wen Tiejun analyses ten cyclical economic crises that China experienced since 1949 and illustrates how China managed through soft-landings, using crises for further development. This alternative review of China’s development experiences brings new insights to discussions and debates on geo-politics, Cold War ideology, Marxist theories, revolutionary legacies, land revolution, national sovereignty, mass mobilization, costs of industrialization, neo-liberal globalization, financial capitalism, rural sustainability, and South-South cooperation. Professor Wen (1951- ) is Executive Dean, Institute of Advanced Studies for Sustainability and Director, Shenzhen Institute of Modern Agriculture and Industrial Integration of Renmin University of China, Beijing; Executive Dean, Institute of Rural Reconstruction of China, Southwest University, Chongqing; and Executive Dean, Institute of Strait Rural Reconstruction, Fujian Agriculture and Forestry University, Fuzhou, China. He is an independent non-executive member of advisory board, Agricultural Bank of China. He is also founding member of the Global University for Sustainability. Professor Wen Tiejun is a renowned expert on socio-economic sustainable development and rural issues, especially in policy studies on macro-economics and geo-strategy of south-south cooperation, inclusive growth of rural and urban integration, and regional comparative studies. He has not only conducted more than 20 years of policy studies in different departments of the Central Government of China since 1980s, but also overseas research by the World Bank, United Nations, European Union, among others.