China as a Global Economic Power

Market Reforms in the New Millennium

A Cato Institute Conference Cosponsored with Fudan University
Final update from Shanghai: June 18, 1997


Welcome to Cato's online conference update page. Please click on the dates below for a summary of each day's activities, including photos, audio clips, and full-text conference papers. This page was updated several times per day from Shanghai while the conference was in session.


Final Update: June 18, 1997
Sustainable Development in China
Taxation, Regulation, and the Environment
General Discussion


June 17, 1997
Social Development in China
Building China's Institutional Infrastructure
Social Security Reform


June 16, 1997
China's Place in the Global Trading Order
The Future of China's Market Economy
Hong Kong's Future


Speaker Bios


About the Conference

Hong Kong is the world's freest economy; China is the world's fastest growing economy. When the two join forces, China could well become the largest and most dynamic economy in the 21st century. The fate of China's 1.2 billion people will be tied to China's future as a global economic power and how that power is used.

To examine that future and to consider how economic reform may affect social development in China, the Cato Institute in conjunction with the Center for American Studies at Fudan University brought together more than 30 international experts. Six sessions over three days took place at the beautiful Shanghai Hilton, which is near the site of the original French Club and close to all of Shanghai's cultural attractions. In addition, a unique Open Forum was held at Fudan University.

Speakers included Wu Jie, Vice Minister of the State Commission for Restructuring the Economic System; William Overholt, Managing Director of Bankers Trust in Hong Kong, Justin Yifu Lin and Fan Gang, two of China's most distinguished young economists; William McGurn, Deputy Editor of The Far Eastern Economic Review; Jose Piñerá, former Minister of Labor and Social Security in Chile; Kate Xiao Zhou and Minxin Pei, experts on how economic liberalization has affected China's civil society; as well as China scholars Nicholas Lardy, Y. C. Richard Wong, and Barry Naughton.

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