Keyu Jin
金克宇是伦敦政治经济学院经济学教授。 她是中国金融40人的学术会员，曾与世界银行、国际货币基金组织和中国银监会合作，并且是奢侈品集团历峰集团和瑞士信贷银行的非执行董事会成员。
Keyu Jin
Keyu Jin is a professor of economics at the London School of Economics and Political Science. She is an Academic Member of China Finance 40, has worked with the World Bank, the IMF, and the China Banking Regulatory Commission, and is a non-executive board member of the luxury conglomerate Richemont and the global bank Credit Suisse.
Keyu Jin 中国：超越社会主义和资本主义
https://www.youtube.com/watch?v=PzykR-RhEjk&ab_channel=westminstertownhall
2024年4月18日
经济学家和中国学者Keyu Jin在明尼阿波利斯的威斯敏斯特市政厅论坛上发言。
Jin博士是伦敦经济学和政治学院的终身经济学教授。 她在北京出生和长大，在美国就读于高中和大学，并拥有哈佛大学的经济学学士学位，马萨诸塞州和博士学位。
她的最新著作是《新中国剧本：社会主义和资本主义》。 她认为，西方的许多人误解了中国的经济和政治模式。 她坚持认为，中国通过主要从国有企业转变为更专注于企业家精神和参与全球经济的经济，成为了我们时代最成功的经济故事。
金是中国金融40集团的学术成员，曾与世界银行，国际货币基金组织和中国银行监管委员会合作。 她是豪华集团Richemont的非执行董事会成员。 她与家人一起住在北京和伦敦。
该节目以Pipa Player Gao Hong和她的学生的音乐表演开头
新的中国剧本：超越社会主义和资本主义
https://www.amazon.ca/new-china-playbook-socialism-capitalism/dp/198487828x
由Keyu Jin（作者）2023年5月16日
“ Keyu Jin是一个出色的思想家。” - 英国前总理托尼·布莱尔（Tony Blair）
神话销售，《中国经济及其上升途径》的全面指南。
数十年来，中国的经济一直在蓬勃发展。 大多数美国人描绘的中国在世界舞台上的强大而新兴的力量只是基于美国新闻报道，政策和理解方式的粗略草图。
输入Keyu Jin：一位世界知名的经济学家，出生于中国，在美国接受教育，现在是伦敦经济学院的终身教授。 一个人流利的东方文化和西方文化，以及新一代中国人的声音，代表了过去的激进突破，吉恩完全准备解释中国如何成为我们时代最成功的经济故事，因为它已经改变了 从主要是国有企业到在企业家精神蓬勃发展的经济，并参与全球经济。
中国的经济领域是丰富多彩而活泼的，充满了悖论和难题，而金认为，通过理解中国模式，人民，文化和历史，从其真正的角度来看，人们可以调和似乎与西方眼睛矛盾的事情。
接下来是对新兴的世界大国，过去和潜在的未来的启发性描述。
超越社会主义和资本主义的中国新剧本
https://www.keyujin.com/the-new-china-playbook?
“21世纪最大的地缘政治变化将是西方排他性政治和经济主导地位的终结。中国的崛起是这一变化的核心，金刻羽是一位杰出的思想家，他从以下角度带领我们了解其影响： 正是这种内部和外部洞察力的结合，使得《新中国剧本》成为一本必读之书。” ——托尼·布莱尔，英国前首相
对中国庞大经济的一次具有启发性、消除神话的探索
尽管中国是世界上最大的经济体之一，但西方的理解往往基于过时的假设和不完整的信息。
在《新中国剧本》中，金刻羽深入探讨了一个独特系统的机制，以细致入微、清晰且基于数据的方式审视其内部。 从中国独生子女政策的深远和意想不到的后果到政府与企业家的复杂关系，从喧闹的金融体系到最新一轮的技术民族主义，金揭示了其中经常被误解的动力。 中国正在进入一个新时代，很快将由截然不同的年轻一代塑造。
当它努力超越因短缺和资本主义自身的不平等障碍而受到污染的传统社会主义的界限时，世界即将看到两个截然不同的体系之间的最终竞争。 对于任何希望解读国家未来经济和政治战略的人来说，对金提供的中国剧本的透彻理解至关重要。
尽管中国在世界舞台上的崛起激起了广泛的情绪，但有一点是肯定的：深刻的理解对于成功驾驭21世纪的全球经济至关重要。
赞扬中国的新剧本
“中国正在制定创新和技术的新剧本。作为双文化经济学专家，金刻羽教授理解这本剧本，并向全球读者揭开它的神秘面纱。这本书是了解中国现代解剖的宝贵镜头。” ——李开复，创新工场董事长兼首席执行官、《纽约时报》畅销书《AI Superpowers》作者
“在我担任国家主席的20年里，通过与习近平和其他中国领导人的多次会面，我试图了解中国。 现在，金刻羽提供了一本精彩的指南，是参与全球经济的商界和政界每个人的必读之作。” ——冰岛前总统、北极圈主席奥拉维尔·拉格纳·格里姆松
“对中国庞大的经济及其企业家的崛起进行了具有启发性的阐述。金克羽提供了了解中国经济的路线图，并将其置于全球背景下。这是当今在中国或与中国开展业务的任何人的必读之作。” ——网易创始人兼董事长丁威廉
“多年来关于中国的最重要的一本书，以令人惊叹的口才和清晰的语言写成。金没有掩盖缺点，但坚持整体观点。任何想要了解中国以及如何在经济和政治上与中国打交道的人都会 从这本极具原创性的书中受益匪浅。” —肯尼思·罗格夫 (Kenneth Rogoff)，哈佛大学国际经济学莫里茨·博阿斯 (Maurits C. Boas) 主席
“关于中国的文章很多，但像金刻羽这样能如此自然、天衣无缝地融合两种观点的作家却很少见。 如果你对真实的对话感兴趣，这本书值得一读。” ——香港联合交易所前行政总裁李小加
编辑评论
2023年3月27日
伦敦经济学院教授金在其深思熟虑的处女作中指出，美国人对中国经济增长的误解使两国陷入不必要的冲突。 “消费者、企业家和国家：在中国，他们的行为都不像传统的经济代理人，”她认为，这表明中国经济是通过强大的中央政府和崛起的私营部门之间独特的相互作用来运作的。 她深入研究了中国近期经济繁荣的历史，讲述了中国最高领导人邓小平如何在 1978 年实施改革，使国家摆脱苏联式的中央计划经济，转向市场经济，开创了一种国家保留广泛影响力的体制。 使其能够支持新兴经济的权力。 金强调了中国混合模式的成功，并指出改革使数亿公民摆脱了贫困，但她有时会显得过于乐观，因为当她讨论民意调查时，民调显示绝大多数中国公民对政府持积极看法，但没有注意到是否 例如，这适用于受国家压迫的维吾尔人。 尽管如此，她明确表示，中国经济远比美国言论所描述的复杂，并且她对中国政府如何与私人市场合作和干预私人市场提出了精明的看法。 这提升了有关中美关系的对话。 （可能）
出版商周刊
“金并没有忽视中国的错误和失败……她讲述了一个微妙的故事，在中美关系极度紧张之际值得关注。” ——彼得·科伊，《纽约时报》
“金避免意识形态，而是以与其他国家相同的方式构建基本经济主体。 因此，英语读者将对这个仍然处于发展中国家的国家有更了解、更富同理心的了解。” ——亚洲书评
《新中国剧本》提供了与许多西方政策制定者不同的看待中国的视角。 -美国国家公共电台
“21世纪最大的地缘政治变化将是西方排他性政治和经济主导地位的终结。中国的崛起是这一变化的核心，金刻羽是一位杰出的思想家，他从以下角度带领我们了解其影响： 正是这种内部和外部洞察力的结合，使得《新中国剧本》成为一本必读之书。” ——托尼·布莱尔，英国前首相
“中国正在制定创新和技术的新剧本。作为双文化经济学专家，金刻羽教授理解这本剧本，并向全球读者揭开它的神秘面纱。这本书是了解中国现代解剖的宝贵镜头。” ——李开复，创新工场董事长兼首席执行官、《纽约时报》畅销书《AI Superpowers》作者
“在我担任国家主席的20年里，通过与习近平和其他中国领导人的多次会面，我试图了解中国。 现在，金刻羽提供了一本精彩的指南，是参与全球经济的商界和政界每个人的必读之作。” ——冰岛前总统、北极圈主席奥拉维尔·拉格纳·格里姆松
“对中国庞大的经济及其企业家的崛起进行了具有启发性的阐述。金克羽提供了了解中国经济的路线图，并将其置于全球背景下。这是当今在中国或与中国开展业务的任何人的必读之作。” ——网易创始人兼董事长丁威廉
“多年来关于中国的最重要的一本书，以令人惊叹的口才和清晰的语言写成。金没有掩盖缺点，但坚持整体观点。任何想要了解中国以及如何在经济和政治上与中国打交道的人都会 从这本极具原创性的书中受益匪浅。” —肯尼思·罗格夫 (Kenneth Rogoff)，哈佛大学国际经济学莫里茨·博阿斯 (Maurits C. Boas) 主席
“关于中国的文章很多，但像金刻羽这样能如此自然、天衣无缝地融合两种观点的作家却很少见。 如果你对真实的对话感兴趣，这本书值得一读。” ——香港交易及结算所有限公司前行政总裁李小加
“中国经济的演变很可能决定世界经济、全球环境和地缘政治的未来。 金克羽对中国经济的发展方向提出了大胆、合理且极其重要的观点。 所有将受到中国影响的人，几乎所有人，都需要仔细考虑她的观点。”——美国前财政部长、哈佛大学名誉校长劳伦斯·萨默斯 (Lawrence H. Summers)
来自出版商
2022年3月1日
出生于中国、在美国接受教育的伦敦政治经济学院教授、中国银行业监督管理委员会顾问金提供了中国如何成为世界金融强国的深远图景，重点关注与大多数传统金融体系的彻底决裂。
国有企业导致了当前企业家驱动的经济。 她还展望了未来，将中国视为世界的经济典范。
图书馆期刊
2023-03-03
一位受人尊敬的学者对中国的过去、现在和未来进行了细致入微的审视。
对于许多西方人来说，中国一直很难理解，但随着中国全球作用的增强，这个问题变得越来越重要。 金在中国长大并与中国保持着密切的联系，他在美国接受教育，现在是伦敦经济学院的教授。 有了这样的背景，她完全有资格扮演文化诠释者的角色。 她对中国目前出现的问题特别感兴趣，因为社会正在努力从对经济增长的不懈关注转向对生活质量和公平问题的关注。 金指出，中国从贫穷的农村国家向富裕的城市化社会的转变速度非常快。 私营部门推动了增长，尤其是在过去二十年，但政府仍然牢牢控制着，拥有复杂的激励、规则、宽松的信贷和国有企业体系。 作者追溯了邓小平时代以来的关键政策，并深入研究了“独生子女政策”的影响，这是一个经常被纸上谈兵的评论家忽视的领域。 在大多数情况下，中国人民愿意接受政府的指导，包括对他们的生活进行高度的个人监视和干预。 他们重视安全而非自由，并普遍认为中国需要一个强大的中央权威。 值得注意的是，尽管年轻一代喜欢西方品牌和生活方式，但他们在很多方面都比父母更为保守。 金承认中国取得了令人难以置信的进步，但想知道未来会怎样。 她总结道：“中国的中央领导层推动了我们这个时代最成功的经济增长故事，但也可能做出可能在未来产生相反效果的选择。” “国家权力提供了该体系的最大潜力，但也带来了其最严重的固有风险。”
金将研究与个人经验相结合，对中国的未来及其全球影响提供了重要的见解。
柯克斯评论
金刻羽：美国真的能理解中国吗？
DAVID MARCHESE
金刻羽, 2018年在慕尼黑的一场会议上。
Can the U.S. See the Truth About China?
https://www.nytimes.com/interactive/2023/03/27/magazine/keyu-jin-interview.html
By David Marchese
Just like relationships between people, relationships between countries can all too easily be built on a foundation of unintentional misunderstandings, faulty assumptions and predigested truths. In her forthcoming, at times provocative and disquieting book, “The New China Playbook,” Keyu Jin, a professor at the London School of Economics and a board member at Credit Suisse, is trying to rework the foundation of what she sees as the West’s deeply flawed understanding of China’s economy, its economic ambitions and its attitude toward global competition. And through that work, Jin wants to help improve the frosty relationship between the country and its presumed geo-political opponents. “We’re in an incredibly dangerous world right now,” says Jin, who was born in Beijing and earned her Ph.D. in economics from Harvard and whose father, Jin Liqun, served as a vice minister of finance for China. “Without more effort made to understand each other’s perspectives, peaceful coexistence may not be possible.” (Jin joined the Credit Suisse board in 2022, not long after the bank was shaken by a series of scandals and losses. After this interview was conducted, the bank was sold to UBS, another Swiss bank. Through a spokes-person, Jin declined to comment on Credit Suisse’s situation.)
What do U.S. policymakers just not get about China’s economy and the Communist Party leadership’s thinking about competition with America? China’s current economic challenge is to overcome its
1 The term for when wages rise in a country but then stall as a result of higher costs and declining competitiveness.
something that the United States might not relate to. It’s not all about displacing the United States as global hegemon, which would come with a huge amount of burdens and responsibilities. And I don’t think China is ready or willing to do that. To see China solely as trying to displace the United States is only going to stoke more fears. The United States can come up with better policies regarding real national-security concerns, but the government is doing things that to us are so un-American, like reducing
2 Under both Presidents Trump and Biden, the United States has reduced the number of student visas issued to Chinese nationals.
or curbing investment in China and
Chinese investment in America.3
3 For example, restrictions on the sale of semiconductor technology to China enacted by the Biden administration.
That doesn’t seem to be the spirit of collaboration. But understanding where China is coming from would be a step forward.
Keyu Jin at a conference in Munich in 2018. Gandalf Hammerbacher/Picture-Alliance
Do you see large-scale Chinese industrial espionage as inhibiting that understanding? There are thorny issues between the two countries, and the more they trade, the more issues there are. But we want to see China as dynamic. It has changed a great deal. China liked to take the shortcuts in the beginning. It wanted to become an innovator, and it wanted to become great. But there was not a complete legal framework or rules and laws in place. China changed so it could join the World Trade Organization. Interestingly enough, these so-called technology transfers, or the misappropriation you mentioned — lots of industry studies show that they don’t work as effectively as they were supposed to. Instead, for example, in the
4 China's electric-vehicle market and infrastructure is far and away the world’s largest.
where everybody started from the same place, China was able to leapfrog. Lots of companies say that even at the risk of technological misappropriation, China is too lucrative a market to pass over. They would rather take the risk.
It seems pretty apparent that President Xi Jinping is moving away from the United States and the European Union and toward other countries with politically similar systems, like Russia or Iran. But those countries are unlikely to be economic partners for China on the level of the U.S. or the E.U. What are the implications of that shift for China’s longer-term economic growth? China has a slightly different world vision from the U.S. and maybe from Europe, which is coexistence of different political systems, different economic systems, a multipolar world — I think that’s one of China’s global agendas. Of course, intereconomically, there is much more trade. China still upholds this view of globalization, but geopolitics is making this increasingly difficult. So I would argue that at the same time it seeks this multipolar balance, it is slightly pushed to become closer to some of these countries that you mentioned.
But what's pushing China toward more closely aligning with Russia if not political affinity? To be very frank, it’s hard to say, “Let’s hold hands with Europe and the United States,” after the increasing tension, the export controls, the view that somehow the United States wants to limit China’s development and advancement in technology innovation. People believe that there was demonization of China early in the pandemic; there was aggressive rhetoric during Donald Trump’s presidency. It’s more difficult after that happens to say, “OK, let’s work on things like Russia and Ukraine.” Russia — and I’m not an expert on these issues — presents some security concerns for China. The Chinese people believe that a substantially weakened Russia might not be in the interest of China, because if there were the sense that the United States needed to seek out an opponent, China would be next. Not an easy answer there.
But to be honest, one of the things that I found most interesting — or perplexing — about your book was what felt like an elision of moral questions about how China operates. For example, you say there’s room for a vibrant debate on Chinese social media. But China is consistently ranked near the bottom when it comes to media freedom. Or you write that the Chinese people are generally willing to trade security for freedom. Were the
5 China has been heavily criticized for detaining more than a million Uyghurs and other Muslim minorities in what its government has referred to as “vocational education and training centers.”
Willing to make that trade? The book also doesn’t mention the human rights questions raised by the hukou system and the
I'm trying to understand your perspective on these issues, because to me they seem connected to economics. I appreciate these questions. One reason it’s probably not thoroughly addressed is because my book is about economics and political economy. I wanted to touch upon points where there were surveys and data. These other subjects require more expertise and more thorough research, which I haven’t done. For sure, there’s much more control over media than in the past. I was pointing out in the book, though, that
Social media is used for two-way monitoring.7
7 I.e., a way for citizens to monitor their government and vice versa.
There was a lot of criticism about government; there were protests last year over land seizures. These were not hidden. But the Chinese government does exhibit a great deal of paternalism. Officials think that a public narrative that is uncontrolled can lead to instability or more divisiveness. I’m not saying that the people prefer it that way, but when they’re asked about a trade-off between security and freedom, surveys show a vast
difference from, say, the average U.S. citizen.8
8 According to a 2020 World Values Survey, 93 percent of Chinese participants value security over freedom. Only 28 percent of Americans responded similarly.
Then you touched upon the huge issues of the migrant workers, the minorities in China. There are hundreds of millions people who could be in a better position, but things are changing. These are enduring challenges. On the one hand, yes, there’s more control, less liberty. On the other hand, there is an improving situation for people with more dire situations.
Jin (second from right) at the World Economic Forum in Davos, Switzerland, 2020. Greg Beadle/World Economic Forum
The treatment of the Uyghurs doesn’t quite fit the framework of an improving situation. David, I understand. This particular subject is something where I have so little information and I don’t know what’s going on and there’s so many different accounts. I prefer not to comment on this and be irresponsible. But it is
9 Tourism travel to the Xinjiang region, home to many of China’s Uyghurs, had previously been subject to restrictions, and Uyghurs were prevented from leaving the region. Foreign visitors also had surveillance apps installed on their cellphones.
I think people should go take a look, then make a judgment on their own. It’s a complex situation. There are improvements, there are deteriorations, and we have to recognize that.
Do you feel inhibited in your ability to be critical of China? I’m an economist at the end of the day, and the way I’m trained, we like to say, “OK, where is the evidence?” That’s how I like to focus my analysis. Where there are policy mistakes, I’d be more than happy to share my views. There are more courageous people and more experts who can do that. What I’m trying to accomplish is using a different lens to focus on economic issues.
You mentioned the trade-offs that people are willing to make within different political systems, which you also write about in the book: “Despite the limits China imposes on free-market forces, the absence of a free press, independent judicial system and the individual right to vote, we see there are other mechanisms in place to respond to the needs of its citizens and to address the threats posed by inequality.” That “despite” is doing a lot of work. It reminds me of that line, “Other than that, how was the play, Mrs. Lincoln?” I was trying to say that those are all things that we believe to be essential for sustained economic growth. I was saying that despite all that, China still performed well. I wasn’t necessarily suggesting that the things you mentioned weren't important. I was more framing it as the puzzle of China's economic growth. I was trying to say that those are all things that we believe to be essential for sustained economic growth. I was saying that despite all that, China still performed well. But I will say that the model that worked for China when it was building factories is not going to be the system that would work for innovation, where you need people to be able to get rich, where you need solid intellectual-property protection, where you have to have clear and transparent policies and rule of law. That worked in the last era. Doesn’t necessarily work in the new era.
Let's turn the lens of your book around: What are the biggest blind spots the Chinese leadership has when it comes to understanding American policies toward the country? I think the Chinese leaders have this notion that the United States is doing everything it can to try to stop China from growing. Or they believe that whatever China does is not going to elicit more trust. So I think this blind spot is that the leadership is convinced that there’s no way out of this. I’m not sure that is the case. And then also, the United States thinks that China wants to displace it.
Doesn't it? No. China thinks that its economy should be the largest in the world, not because it’s rich but because it’s large: 1.4 billion people! But that’s very different from overtaking the United States in terms of innovative power and military power and real economic power. I don’t think anybody believes that is a realistic goal for China. Again, we have very different understandings of how we see each other.
What specific things, besides stopping industrial espionage, could China do to increase trust? Giving American companies, financial institutions, more opportunities to make money, opening up its various sectors more aggressively — that will allow more dialogue, more cooperation. That’s one thing. Second, it’s understandable for the United States to push back on some of the industrial espionage. But China’s best technologies, the ones that are really successful right now, artificial intelligence or
10 China'’s CATL company, for example, is the world’s largest manufacturer of lithium-ion batteries, which are used for electric vehicles.
or its payment system11
— all of that is based on domestic competition. The industrial espionage stems from a lack of appreciation from the start of intellectual property, and the United States, by pushing China to do more intellectual-property protection, is actually good for China. I think it’s on a substantial downward trend, this misappropriation of technologies, because it’s actually not good for China’s own goals.
The next question is more of an epistemological one. The animating idea of your book is that people see the same situation from different perspectives. So when you hear my skepticism about things like Chinese labor policy or media freedom being treated benignly, do you hear it as my being stuck in a particular ideological paradigm? Or maybe that my thinking is itself an example of the misunderstandings that the book is trying to address? I totally understand, because the first time I
12 Jin came to the United States to study at New York City’s Horace Mann School as part of an exchange-student program.
in 1997, my classmates were asking me about human rights in Tibet. In China, meanwhile, we were busy building and developing and reforming. The focal points have been different. That’s not to say that the economic means justify the unfortunate circumstances. But China is a country that has done the most economically for the most number of people in the shortest amount of time. If you look at the new generation, they are open-minded on a whole range of issues, so much more than their parents. They care about animal rights, worker rights, social inequity. That shift gives us hope that China will progress.
Editorial Reviews
https://www.barnesandnoble.com/w/the-new-china-playbook-keyu-jin/1140785816
03/27/2023
Americans' misunderstanding of China's economic growth keeps the two nations in unnecessary conflict, argues Jin, a professor at the London School of Economics, in her thoughtful debut. “Consumers, entrepreneurs, and the state: in China none of them behaves like a conventional economic agent,” she argues, suggesting that China’s economy works through a distinctive interplay between a powerful central state and an ascendant private sector. Digging into the history of China’s recent economic boom, she tells how in 1978 Deng Xiaoping, China’s supreme leader, instituted reforms moving the country away from Soviet-style central planning toward a market economy, inaugurating a system in which the state retained wide-reaching powers that allowed it to bolster the fledgling economy. Jin emphasizes the success of China’s hybrid model, noting that reforms lifted hundreds of millions of citizens out of poverty, but she sometimes comes across as overly sanguine, as when she discusses polls that suggest Chinese citizens overwhelmingly have positive views of their government without noting whether this holds for, say, Uyghur people oppressed by the state. Still, she makes clear that the Chinese economy is far more complex than U.S. discourse lets on, and she offers an astute take on how the Chinese state cooperates with and intervenes in the private market. This elevates the conversation on U.S.-China relations. (May)
Publishers Weekly
"Jin doesn’t ignore China’s faults and failings . . . she tells a nuanced story that deserves attention at a time of extreme tension between China and the United States.” —Peter Coy, The New York Times
“Jin avoids ideology and instead frames basic economic agents in the same manner as any other country. As a result, English-language readers will come away with a more informed and empathetic picture of this still-developing country.” —Asian Review of Books
The New China Playbook offers a different perspective than many Western policymakers do about China. —NPR
"The biggest geo-political change of the 21st century will be the end of exclusive Western political and economic dominance. The rise of China is at the core of this change and Keyu Jin is a brilliant thinker to take us through its implications from the perspective of someone who understands both China and the West. It is this combination of insider and outsider insight which makes The New China Playbook essential reading." —Tony Blair, former Prime Minster of The United Kingdom
"China is running on a new playbook for innovation and technology. As a bicultural economics expert, Professor Keyu Jin understands this playbook, and demystifies it for the global audience. This book is an invaluable lens to understand the modern anatomy of China." —Kai-Fu Lee, Chairman & CEO, Sinovation Ventures and New York Times bestselling author of AI Superpowers
“During the 20 years of my Presidency, through the many meetings with Xi Jinping and other Chinese leaders, I tried to understand China. Now Keyu Jin provides a brilliant guidebook, a must read for everyone in business and politics engaged in the global economy.” –Olafur Ragnar Grimsson, former President of Iceland and Chair of the Artic Circle
"A revelatory exposition of China's juggernaut economy and the rise of its entrepreneurs. Keyu Jin provides the roadmap to understanding the Chinese economy and places it within a global context. This is a must-read for anyone doing business in or with China today.” —William Ding, founder and chairman of NetEase
"The most important book on China in many years, written with stunning eloquence and clarity. Jin does not cover the warts, but insists on a holistic view. Anyone who want to understand China, and how to engage with it economically and politically, will greatly benefit from this deeply original book." —Kenneth Rogoff, Maurits C. Boas Chair of International Economics, Harvard University
“Much has been written about China, but it is rare to read an author such as Keyu Jin, who can so naturally and seamlessly blend two perspectives. If you are interested in a true conversation, this is the book worth reading.” —Charles Li, former Chief Executive of Hong Kong Exchanges and Clearing Limited
“China's economic evolution may well determine the future of the world economy, the global environment and geopolitics. Keyu Jin offers a bold, sound, and profoundly important view of where the Chinese economy is going. Her view needs to be carefully considered by all who will be affected by China, and that means almost everyone." —Lawrence H. Summers, former United States Secretary of the Treasury and President Emeritus of Harvard University
From the Publisher
03/01/2022
A London School of Economics professor and adviser to the China Banking Regulatory Commission, born in China and U.S.-educated Jin offers a far-reaching picture of how China became a world financial power, focusing on the radical break from mostly state-owned enterprises that led to the current entrepreneur-driven economy. She also looks to the future as she presents China as an economic model for the world.
Library Journal
2023-03-03
A respected academic provides a nuanced examination of China’s past, present, and future.
China has always been difficult for many Westerners to understand, but the issue has become increasingly crucial as the country’s global role has grown. Jin, who grew up in China and retains strong connections there, was educated in the U.S. and is now a professor at the London School of Economics. With this background, she is well qualified to play the role of cultural interpreter. She has a special interest in the problems now emerging in China as the society struggles to move from an unremitting focus on economic growth to quality-of-life and equity issues. Jin notes that China’s transition from an impoverished, rural country to a wealthy, urbanized society has been remarkably fast. The private sector has driven the growth, especially in the past two decades, but the government remains firmly in control, with a complex system of incentives, rules, easy credit, and government-owned enterprises. The author traces key policies since the time of Deng, and she delves into the impact of the “one-child policy,” an area often overlooked by armchair commentators. For the most part, the Chinese people are willing to accept government direction, including a high degree of personal surveillance and intervention in their lives. They value security over freedom and generally believe that China requires a powerful central authority. Significantly, the younger generation is in many ways more conservative than their parents despite their taste for Western brands and lifestyles. Jin acknowledges China’s incredible progress but wonders what the future holds. “China’s central leadership, which spurred the most successful economic growth story of our time, could also make choices that might have the opposite effect in the future,” she concludes. “The power of the state provides the system’s greatest potential and also poses its gravest inherent risk.”
Mixing research with personal experience, Jin offers critical insights about the future of China and its global impact.
Kirkus Reviews
THE NEW CHINA PLAYBOOK BEYOND SOCIALISM & CAPITALISM
A revelatory, myth-dispelling exploration of China’s juggernaut economy
Although China’s economy is one of the largest in the world, Western understanding is often based on dated assumptions and incomplete information.
In The New China Playbook, Keyu Jin burrows deep into the mechanisms of a unique system, taking a nuanced, clear-eyed, and data-based look inside. From the far-reaching and unexpected consequences of China’s one-child policy to the government’s complex relationship with entrepreneurs, from its boisterous financial system to its latest bout of techno-nationalism, Jin reveals the frequently misunderstood dynamics at play. China is entering a new era, soon to be shaped by a radically different younger generation.
As it strives to move beyond the confines of conventional socialism stained by shortages and capitalism’s own roadblocks of inequality, the world is about to see ultimate contest between two diametrically different systems. The thorough understanding of China’s playbook that Jin provides will be essential for anyone hoping to interpret the nation’s future economic and political strategy.
While China’s rise on the world stage has stirred a wide range of emotions, one thing is certain: a deep understanding is essential for successfully navigating the global economy in the 21st century.
PRAISE FOR CHINA THE NEW PLAYBOOK
"China is running on a new playbook for innovation and technology. As a bicultural economics expert, Professor Keyu Jin understands this playbook, and demystifies it for the global audience. This book is an invaluable lens to understand the modern anatomy of China." —Kai-Fu Lee, Chairman & CEO, Sinovation Ventures and New York Times bestselling author of AI Superpowers
“During the 20 years of my Presidency, through the many meetings with Xi Jinping and other Chinese leaders, I tried to understand China. Now Keyu Jin provides a brilliant guidebook, a must read for everyone in business and politics engaged in the global economy.” —Olafur Ragnar Grimsson, former President of Iceland and Chair of the Artic Circle
"A revelatory exposition of China's juggernaut economy and the rise of its entrepreneurs. Keyu Jin provides the roadmap to understanding the Chinese economy and places it within a global context. This is a must-read for anyone doing business in or with China today.” —William Ding, founder and chairman of NetEase
"The most important book on China in many years, written with stunning eloquence and clarity. Jin does not cover the warts, but insists on a holistic view. Anyone who want to understand China, and how to engage with it economically and politically, will greatly benefit from this deeply original book." —Kenneth Rogoff, Maurits C. Boas Chair of International Economics, Harvard University
“Much has been written about China, but it is rare to read an author such as Keyu Jin, who can so naturally and seamlessly blend two perspectives. If you are interested in a true conversation, this is the book worth reading.” —Charles Li, former Chief Executive of the Hong Kong Stock Exchange
Keyu Jin - China: Beyond Socialism and Capitalism
2024年4月18日
Economist and China scholar Keyu Jin speaking at the Westminster Town Hall Forum in Minneapolis.
Dr. Jin is a tenured professor of economics at the London School of Economics and Political Science. Born and raised in Beijing, she attended high school and college in the United States and holds a BA, MA, and PhD in economics from Harvard University.
Her most recent book is The New China Playbook: Beyond Socialism and Capitalism. In it, she argues that many in the West misunderstand China’s economic and political models. She maintains that China became the most successful economic story of our time by shifting from primarily state-owned enterprises to an economy more focused on entrepreneurship and participation in the global economy.
Jin is an academic member of the China Finance 40 Group and has worked with the World Bank, the IMF, and the China Banking Regulatory Commission. She is a non-executive board member of the luxury conglomerate Richemont. She resides with her family in Beijing and London.
This program opens with a musical performance by pipa player Gao Hong and her students
The New China Playbook: Beyond Socialism and Capitalism
https://www.amazon.ca/New-China-Playbook-Socialism-Capitalism/dp/198487828X
by Keyu Jin (Author) May 16 2023
“Keyu Jin is a brilliant thinker.” —Tony Blair, former prime minster of the United Kingdom
A myth-dispelling, comprehensive guide to the Chinese economy and its path to ascendancy.
China's economy has been booming for decades now. A formidable and emerging power on the world stage, the China that most Americans picture is only a rough sketch, based on American news coverage, policy, and ways of understanding.
Enter Keyu Jin: a world-renowned economist who was born in China, educated in the U.S., and is now a tenured professor at the London School of Economics. A person fluent in both Eastern and Western cultures, and a voice of the new generation of Chinese who represent a radical break from the past, Jin is uniquely poised to explain how China became the most successful economic story of our time, as it has shifted from primarily state-owned enterprise to an economy that is thriving in entrepreneurship, and participation in the global economy.
China’s economic realm is colorful and lively, filled with paradoxes and conundrums, and Jin believes that by understanding the Chinese model, the people, the culture and history in its true perspective, one can reconcile what may appear to be contradictions to the Western eye.
What follows is an illuminating account of a burgeoning world power, its past, and its potential future.
