Sunday, June 2, 2024

Xi Jinping's Surprising New Source Of Economic Advice

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Z hou Qiren is an unusual economist. A professor at Peking University, he spent ten years toiling in the countryside during China's cultural revolution. "The same farmer", he observed, "worked like two totally different persons on his private plots versus on collective land." Unlike most economists, Mr Zhou still studies incentives and constraints from the ground up, starting not with abstract principles, but with concrete cases, often drawn from his travels around China and beyond.

This article appeared in the Finance & economics section of the print edition under the headline "Who advises Xi?"

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