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Forum:Phelps unraveled the secrets of growth (4)
When being asked on issues related to migrant workers and Chinese manufacturing, Professor Phelps said that economic growth in China is a miracle with unavoidable problems. In view of the globally over-supply situation, we should not be too ...
Forum:Phelps unraveled the secrets of growth (3)
Professor Phelps expressed that investment does not necessarily stimulate economic growth or create more jobs. Overenthusiasm without essential profitability forecast may reduce the employment rate. The current task in China is to both suppo...
Forum:Phelps unraveled the secrets of growth (2)
Professor Phelps said that the dynamics in US economy has significantly dropped after 1970s, which greatly affected investment level. High quality investment is needed to recover the high employment level and maintain a stable economic growt...
Forum:Phelps unraveled the secrets of growth (1)
Professor Edmund Phelps, Dean of New Huadu Business School and 2006 Nobel Prize Winner in Economics illustrated “jobless growth” in US economy. During economic crisis or when external economic situation changes, those employees in prospe...
Professor Phelps: CCTV Dialogue (1)
During the interview, Professor first highly evaluate NBS, then he pointed out that the economic competition within Asia-Pacific region has become intensified; if China doesn’t innovate, it will not be able to maintain the its rapid growth...
Professor Phelps: CCTV Dialogue (3)
Professor Phelps pointed out that the non-public sector did made considerable contribution to employment rate. For the issue about ‘bank loans for small and medium sized company’, professor noted that in American where get-rich-quick is ...
Professor Phelps: CCTV Dialogue (2)
Professor Phelps discuss in depth about the relationship between ‘bad investments will increase the debt burden of local government’, and ‘the relationship between labor cost, income distribution and social justice’. He thinks apart ...
Phelps: Chinese economy still needs investment (2)
Professor Phelps think that it will continue to be a high level of real estate investment, and construction investment will remain as a pretty strong element of the Chinese economy. What China really needs is higher commercial investment, es...
Phelps: Chinese economy still needs investment (1)
Professor Phelps made the remark that Chinese economy won’t suffer a server downturn during the interview with Sina finance’s program ‘Finance face to face’. The room for export growth is limited, it’s necessary to shrink the state...

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