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  • Gang Fan  PhD

  • Professor
  • PhD, Graduate Svhool of Chinese Academy of Social Science
  • Fields:Macroeconomics and Chinese macroeconomic policy
  • Office Phone Number: +86-755-2603-3175
  • Office Room: RM 724, PHBS Building
  • Email: fangang@phbs.pku.edu.cn
Research Fields:

Macroeconomics and Chinese macroeconomic policy
Economics of Transition
Development Economics

Education:

M.A. (1985) &  Ph.D (1988), in Economics, Graduate School of Chinese Academy of Social Sciences,  Beijing, China; 1982 -- 1988;   
Hebei University, China;  1978 --- 1982,  B.A.(1982)  in Economics

Present Employment:
Director, National Economic Research Institute, China Reform Foundation. 
Chairman, China Reform Foundation.
President, China Development Institute (Shenzhen). 
Professor of Economics, Peking University, 
Professor of Econoimcs, The Graduate School, Chinese Academy of Social 
Professor of Economics, Peking University HSBC Business School

Other Engagement:
2000—Vice Chairman, China Society of Economic System Reform;
1996, 6-- Member of International Academic Committee, Journal of Comparative Economics, USA.
1992--- as economic consultant or project researcher for UNDP, ESCAP, World Bank, OECD, WIDER(UNU), ADB, etc. on various projects of China’s economic and social issues.

Working Experience:
2006-2010,Member, Monetary Policy Committee, People’s Bank of China (the Central Bank),
 

2004-2007, Professor of Economics, Shanghai Communication Jjiao-TongUniversity, andCo-Director, Research Center for Economic Transition and Development at Shanghai Communication University, Shanghai.

(1993--1995) Research fellow; Deputy Director, Institute of Economics, Chinese Academy of Social Sciences (CASS), Beijing, China

(1992--1993)  Chief Editor, Jingji Yianjiu ( Economic Research Journal)  

(1991 -- 1993 ) Head of CASS research team for the joint research project of Chinese Academy of Social Sciences and Harvard University and University of California, U.S., on "Comparative Study of Macroeconomic Management in Transition”. 

(1993, 2 - 4 ) Visiting research fellow, University of California at Davis, Davis, USA. 

(1991, 7 -- 10) Visiting fellow,  Government Affairs Institute, California University at Davis, Davis, CA, USA.

(1990--1992) Economic Consultant to United Nations Development Program (UNDP) in China. 

(1990 -- 1992)  Associate research fellow, Institute of Economics, CASS.

(1989-1990) Division Chief, Division of Economic Theories, Institute of Economics, CASS

(1988--1990) Head of research team for research project :"Macroeconomic Analysis of Public Ownership Economy",  Chinese Academy of Social Sciences. 

(Nov. 1985 -- July 1987) Visiting research fellow, National Bureau of Economic Research (NBER), Cambridge, MA, U.S.A. 

(Before resuming education after China's "Cultural Revolution", worked as a farmer in a state farm and then a rural Commune for 9 years from 1969 to 1978, in Heilongjiang and Hebei provinces respectively, China) 
  

1999,3 – 1998  Member of International Advisory Board,  the Center for International Development of Harvard University, Harvard, US. 

1999,6 – 2003, Member of International Advisory Board, the Monetary Administration, Hong Kong Government.

 

Publications:

Books (selected, in Chinese):
 
Macroeconomic Analysis of the Public-ownership; The Joint Press, Shanghai, 1990.
 
Comparison and Synthesis of Three Major Approaches in Modern Economics, The Joint Press, Shanghai, 1989.
 
Market Equilibrium and Economic Efficiency, The Joint  Press, Hong Kong, 1992.
 
The Gradualist Approach to Institutional Change,  Chinese Press for Social Sciences, Beijing, 1992.
 
Political Economy of Incremental Transformation in China (zhong guo jian jin gai ge de zheng zhi jing ji xiue, Shanghai Far-East Press, 1996.
 
China’s Macroeconomic Policies Towards the New Centrury, co-authered with Zhang Xiaojing (mian xiang xin shi ji de jong guo hong guan jing ji zheng ce), Beijing Economic and Trade University Press, 1999.
 
 
Papers in Chinese:
 
More than 80 academic papers in Chinese published in major Chinese academic journals and over 120 articles published in newspapers and journals. The topics of them include: Institution transformation, macroeconomic stabilization; fiscal reform and the central-local relation; financial market, monetary policy and inflation; enterprise behavior and state sector reform, social dimensions of the economic restructuring. 
 
 
Papers in English:
 
(Book) “Industrial Reform and Macroeconomic Instability in China”, co-editor with Y.Y. Kueh, J. H. Chai, Oxford University Press, 1999, Oxford.
 
“China’s Nonperforming Loans and National Comprehensive Liability”, Asian Economic Papers. P145-152
 
“Decentralized Socialism and Macroeconomic Stability: Lessons from China”, by Fan Gang and Wing T. Woo, Working Paper No. 112, WIDER, The United Nations University, July 1993.
 
“Efficiency and Macroeconomic Consequences of Chinese Enterprise Reform”, by Woo, Wing T., Fan Gang and Hai Wen, China Economic Review, vol. 4, 1993.
 
“Social Dimensions of China’s Economic Reform”, in Social Costs of Economic Restructuring, Edited and Published by the ESCAP, Bangkok, 1994.
 
“How Successful Has Chinese Enterprise Reform Been? Pitfalls Opposite Biases and Focus”, by Woo, Wing T., Hai Wen, Yibiao Jin and Fan Gang, Journal of Comparative Economic (JEC), 18,410-437,1994
 
“China’s Dual-Track Transition Toward the Market: Achievements and Problems”, The 1990 Institute Issue Paper, 1994,8
 
“Incremental Changes and Dual-track Transition: Understanding the Case of China”, Economic Policy, Nov. 1994.
 
“Decentralized Public Ownership Economy and Macro-Instability in the People’s republic of China”, in The East, the West, and China’s Growth: Challenge and Response, Edited by Dieter Cassel & Carsten Herrmann-Pillath, Baden- Baden, 1995.
 
“State Enterprise Reform as a Source of Macroeconomic Instability: The Case of China.”, by Fan Gang and Wing Thye Woo, Asian Economic Journal, Vol.10 No.3, Nov. 1996, P207-224.
 
“Market-oriented Economic Reform and the Growth of Off-Budget Local Public Finance”, in Taxation in Modern China, Edited by D. J. S. Brean, Routledge, New York, 1998
 
“The Impacts of Asia’s Economic shakeout on China’s Reform and Development”, Trends and Issues in East Asia 1999, Edited by Ng Chee Yuen and Charla Griffy-Brown, Published by Foundation for Advanced Studies on International Development, Japan 1999.
 
“Industrial Reform as a Major Cause of Inflation”, Industrial Reform and Macroeconomic Instability in China, Edited by Y. Y. Kueh, Joseph C. H. Chai, and Fan Gang, Published by Oxford University Press, 1999. P163-186
 
“The Burst of the Global Financial Bubble and the Asia Crisis: Reform of International Financial System from the Perspectives of the Developing Countries”, China and World Economy, Edited and Published by Institute of World Economic and Politics, Chinese Academy of Social Sciences (CASS), 1999 No.6.
 
“The Burst of the Global Financial Bubble and the Asia Crisis: Reform of International Financial System from the Perspectives of the Developing Countries”, Journal of Transforming Economies and Societies, EMERGO, Winter 1999. P65-85
 
“The Role of Law and Legal Institutions in China’s Economic Development 1978-1995”, Xin Chunying and Fan Gang, July 2000.
 
“Keynote Panel: Sustainable Growth-A Global Challenge”, New Balance of Power, (31st ISC-Symposium at the University of St. Gallen/Switzerland), 2001. P119-120
 
“Growth of the Non-State Sector”, by Fan Gang and Chen Yu, China’s Integration with the World Economy: Repercussions of China’s Accession to the WTO, Edited by Kyung Tae Lee, Justin Yifu Lin, Si Joong Kim, Published by Korea Institute for International Economic Policy, 2001.P80-107
 
“Time is on Our Side”, China International Business, Feb. 2001. P28
 
“Promoting Financial Reform through the Development of Non-State Finance”, China and World Economy, Edited and Published by Institute of World Economic and Politics, Chinese Academy of Social Sciences (CASS), 2001 No.2.
 
“Marketization Index for China’s Provinces”, Fan Gang Wangxiaolu and Zhang Liwen, China and World Economy, Edited and Published by Institute of World Economic and Politics, Chinese Academy of Social Sciences (CASS), 2001 No.5.
 
“All In Good Time”, Asia Week, March 30-April 6,2001. P35
 
“Financial Market Liberalization and Economic Stability in China”, Financial Markets and Policies in East Asia, Edited by Gordon de Brouwer, Published by Routledge, 2002. P157-168
 
“The Dynamics of Transition in Ownership Structure”, Dilemmas of China’s Growth in the Twenty-First Century, Edited by Ligang Song, Published by Asia Pacific Press 2002. P26-39
 
“How to View the Problems in China’s Economy?---In Response to the Notion of ‘Coming Collapse of China’ ”, China & World Economy, Edited and Published by Institute of World Economics and Politics, Chinese Academy of Social Sciences (CASS), 2002 No.5 P3-8
 
“Consumer Finance in China: Recent Development Trends”, He Liping, Fan Gang, China and World Economy, Edited and Published by Institute of World Economic and Politics, Chinese Academy of Social Sciences (CASS), 2002 No.6.
 
“The Dual-Transformation of China: Past 20 Years and 50 Years Ahead ”,Emerging Market Economies, Edited by GRZEGORZ W. KOLODKO, Published by Ashgate Publishing Limited in 2003. P169-185
 
“China’s ‘compatible opening’: Lessons from the Asian Crisis”, China Today, Edited by Taciana Fisac and Leila Fernandez-Stembridge, Published by RoutledgeCurzon in 2003. P28-52
 
“China throws itself into international competition: agriculture faces a new challenge” (1993), China’s Economic Reform, Edited by Christopher Howe, Y. Y. Kueh and Robert Ash, Published by Routledge Curzon in 2003. P278-290
 
“Short-term policies and long-term strategies for solving China’s grain supply problems”(1995), China’s Economic Reform, Edited by Christopher Howe, Y. Y. Kueh and Robert Ash, Published by RoutledgeCurzon in 2003.
 
“Reform and Development: The Dual-Transformation of China”, China—Enabling a New Era of Changes, Edited by Pamela C.M. Mar & Frank-Jurgen Richter, Published by John Wiley & Sons(Asia) Pte Ltd in 2003.
 
“The Chinese Reform Agenda”, Fan Gang and Zhang Xiaojing, China’s Role in Asia and the World Econom:Fostering Stability and Growty, Edited by Jan Joost Teunissen, Published by Forum on Debt and Development in 2003. P11-32
 
“How Can Developing countries Benefit from Globalization: The Case of China”, Fan Gang, Zhang Xiaojing, China and World Economy, Edited and Published by Institute of World Economic and Politics, Chinese Academy of Social Sciences (CASS), 2003 No.6
 
“The firefighter---Economist Fan Gang proposes ways to cool down China’s red-hot economy”, Canadian Business, 2004 May 24- June 6. P29
 
“Currency Asymmetry, Global Imbalances, and Rethinking of the International Currency System”, Global Imbalances and the US Debt Problem: Should Developing Countries Support the US Dollar? Edited by Jan Joost Teunissen and Age Akkerman, Published by Forum on Debt and Development in 2006. P87-105
 
“‘Sequencing’ or ‘Parallel Partial Progression’: Incoherence Cost and the Optimal Path of Institutional Transformation“, Fan Gang and Wing Thye Woo, Social Sciences in China, Spring 2006, P87-96
 
“Marketisation in China: progress and contribution to growth”, Xiaolu Wang, Gang Fan and Hengpeng Zhu, China linking markets for growth, Edited by Ross Garnaut and Ligang Song, Co-published by ANU E Press and Asia Pacific Press in 2007. P30-44
 
“Renminbi Revaluation and US Dollar Depreciation”, in Debating China’s Exchange Rate Policy, Edited by Morris Goldstein & Nicholas Lardy, Peterson Institute for International Economics, Washington DC, April 2008.
 

Theory and Practice of Socialist Market Economy(2009 spring)