What makes CEIBS Professor of Economics and Finance Bin Xu bullish on the Chinese economy? His latest research shows that exportation drives productivity, and not vice versa - a startling finding in a country that racked up US$109.66 billion in exports during January 2008 alone - a near 27% increase year on year.

What does Confucius, a Chinese scholar born in 551 B.C. have to do with the 21st century concept of Corporate Social Responsibility? A lot, according to a recent paper co-written by CEIBS Professor of Economics Bala Ramasamy.

The transformation of the role of government is essential for eradicating the institutional foundation of traditional growth model. The government should exit from the economy and market, and focus on institutional reform and institutional improvement.

If China's high economic growth can be contributed to the entrepreneurs' innovation, while the corruption is closely related with their rent-seeking, then the question has to be raised: why did these entrepreneurs undertake many productive activities in favor of economic development, but simultaneously use their talents in non-productive fields? How can such a phenomenon be reasonably interpreted?

The overriding theme of 2004 was "macro-regulation" for China. Despite worries and panics, the nation seemed to have a safe voyage. But what perplexes us most is why this happens repeatedly since the reform and opening-up whenever we try to speed up the economic growth but have to slow down due to the bottleneck of resources and the pressure of inflation. Will such a problem become a lingering nightmare? Will the labor-intensive growth pattern featuring high investment and low efficiency ensure sustained industrialisation and modernisation? The nation is developing its "Eleventh Five-Year" Plan, and at this critical moment, we must discover a new and proper road to industrialisation and economic growth pattern. 

The 11th Five-Year Programme endorsed by the recent plenary session of the National People's Congress (NPC) in March catches the world's attention by its clear-cut message: China decides to change its economic development from extensive growth to intensive growth.