Purdue News

June 14, 2006

One of China's leading economic officials to speak at Purdue

WEST LAFAYETTE, Ind. — A Chinese economist known as the father of China's venture capital will speak at Purdue University's Krannert School of Management on Monday (June 19) about China's economic status and development.

Cheng Siwei, the vice chairman of the Standing Committee of the National People's Congress of the People's Republic of China, will present "China's Market Economy Status and Future Economic Development" at 10:30 a.m. in Rawls Hall, Room 3082. The event is free and open to the public.

"China has continued to grow as an economic world power," said Richard A. Cosier, Krannert School dean and Leeds Professor of Management. "It is people such as Cheng Siwei who have contributed to that surge, and we are honored to have someone of his stature speak at the Krannert School."

Cheng Siwei has created a field of the "fictitious economy," which studies transaction activities of fictitious capital such as securities, futures and options, economic activities that are carried out with information technology as well as visual economic activities with computer simulation.

His current political positions include being chairman of the China Democratic and National Construction Association Central Committees. He also serves as dean of the School of Management of the Graduate University of the Chinese Academy of Sciences.

Cheng Siwei has published about 30 academic books in Chinese and English and more than 120 articles in academic journals. He has been invited to give academic speeches at various international conferences and visited a number of universities around the world, including Harvard University, Yale University, Princeton University, University of Pennsylvania and Northwestern University.

In February the Krannert School entered into cooperative educational and research programs with three Chinese universities as part of the university's Asian Initiative. The Chinese institutions are Tsinghua University and Beijing University, both in Beijing, and Zhejiang University in southeast China. The agreement calls for a range of programs, including education, research and the exchange of undergraduate and graduate students and faculty.

Two content areas singled out for cooperation are supply-chain management through the Krannert School's Global Supply Chain Management Initiative (GSCMI) and international human resources through Purdue's Center for International Business Education and Research (CIBER). The CIBER program received a $1.4 million grant from the U.S. Department of Education in May to enhance its efforts at raising the level of international business competitiveness operations at all levels of education, including graduate, undergraduate, executive, K-12 and in the community.

Writer: Cynthia Sequin, (765) 494-4192, csequin@purdue.edu

Sources: Richard A. Cosier, (765) 494-4366, rcosier@purdue.edu

Tim Newton, Krannert School director of external relations and communications, (765) 496-7271, tnewton@purdue.edu

Purdue News Service: (765) 494-2096; purduenews@purdue.edu


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