New Circular Economy: Chinese Economics

Author: Wu Jisong
Publisher:
Publish Date: 2005-09-01
Features: Since the reform and opening-up in China since the late 1970s, the country's economic output has doubled more than once, ranking among the top 5 global economic powers. China has contributed 17% to global economic growth. China has achieved a world-renowned, internationally recognized economic miracle. Why can't the Chinese establish their own new school of economics? The author graduated from Tsinghua University in Beijing. He has worked as a tractor operator and office head in a farm, as a machine operator and technical team leader in a factory, and has firsthand experience in agricultural and traditional industrial economic production. Since 1979, as one of the first scholars sent abroad after China's reform and opening-up, he witnessed the industrial transformation of Western countries and participated in the applied research of controlled nuclear fusion energy utilization experiments. Having personally experienced the three stages of human economy—agricultural, industrial, and post-industrial—the author's creation of New Circular Economics is based on 14 years of practical experience. The author has conducted economic surveys in 66 countries across five continents—Asia, Europe, Africa, America, and Australia—gaining a true understanding of the severe challenges the world faces due to private resource ownership, environmental degradation, and ecological imbalance. The author once led the UNESCO project "Multidisciplinary Comprehensive Research Applied to Economic Development," participated in the creation of the knowledge economy, and held positions such as Counselor to the Chinese Permanent Mission to UNESCO, Senior Advisor on High Technology and Environment at UNESCO, Research Director of the National People's Congress Environmental Resources Committee, Director of the Water Resources Department, and Dean of the School of Economics and Management at Beihang University. The author's creation of New Circular Economics is based on 26 years of investigation, management, and research. Currently, both domestically and internationally, there is active discussion and implementation of the circular economy. In reality, the circular economy represents the path of post-industrialization in developed countries and the new industrialization in developing countries. Looking back at the history of the creation and development of Western economics, whenever there are major changes in the global economy, new schools of economics emerge in major countries. New Circular Economics differs from traditional Western economics and its extension in the post-industrial era—circular economics—in the three core economic issues of what to produce, how to produce, and for whom to produce. Therefore, it is a new school of economics. This book is suitable for economics researchers, scholars, teachers and students in economics-related fields, economic management professionals, and self-learners.