China’s Future Depends on a Free Market for Ideas

Policy Forum
October 6, 2016
12:00PM to 1:30PM
2016-10-06 12:00:00 2016-10-06 13:30:00 America/New_York China's Future Depends on a Free Market for Ideas China’s turn to the free market in goods and services has enabled it to achieve high growth and remarkable material progress for decades, but growth in recent years has slowed markedly. Weiying Zhang, one of China’s most influential economists, will explain why the country needs a free market for ideas if it is to become prosperous. Competing viewpoints, scholarship, and faiths are necessary to test out new ideas and for a society to progress. After 2003, however, the Chinese government has stalled reforms and is increasingly restricting the market for ideas. Zhang will draw from ancient through contemporary Chinese history to show how this restriction is jeopardizing China’s future. Ning Wang will explain how the government’s monopoly on ideas is responsible for China’s lack of innovation in science and technology, and is holding back its economy in a world that is becoming increasingly knowledge intensive. .streaming-event .live-online-now-video, .streaming-event .live-online-now-text {display: none;} .live-online-now-video {max-width: 640px;} If you can’t make it to the event, you can watch it live online at www.cato.org/live and join the conversation on Twitter using #CatoEvents. Follow @CatoEvents on Twitter to get future event updates, live streams, and videos from the Cato Institute. - http://www.cato.org/events/chinas-future-depends-free-market-ideas Hayek Auditorium, Cato Institute
Hayek Auditorium, Cato Institute
Featuring Weiying Zhang, Professor of Economics, Peking University, and author, The Logic of the Market: An Insider’s View of Chinese Economic Reform (Cato, 2015); with comments by Ning Wang, Senior Fellow, Ronald Coase Institute, and co-author, How China Became Capitalist (Palgrave Macmillan, 2012); moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.

China’s turn to the free market in goods and services has enabled it to achieve high growth and remarkable material progress for decades, but growth in recent years has slowed markedly. Weiying Zhang, one of China’s most influential economists, will explain why the country needs a free market for ideas if it is to become prosperous. Competing viewpoints, scholarship, and faiths are necessary to test out new ideas and for a society to progress. After 2003, however, the Chinese government has stalled reforms and is increasingly restricting the market for ideas. Zhang will draw from ancient through contemporary Chinese history to show how this restriction is jeopardizing China’s future. Ning Wang will explain how the government’s monopoly on ideas is responsible for China’s lack of innovation in science and technology, and is holding back its economy in a world that is becoming increasingly knowledge intensive.

If you can’t make it to the event, you can watch it live online at www.cato.org/live and join the conversation on Twitter using #CatoEvents. Follow @CatoEvents on Twitter to get future event updates, live streams, and videos from the Cato Institute.

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(Luncheon to follow)

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