Two Sides of China: The Political and the Economic Side

Yasheng Huang has written two of Tyler’s favorite books on China: Capitalism with Chinese Characteristics, which contrasts an entrepreneurial rural China and a state-controlled urban China, and The Rise and Fall of the EAST, which argues that Keju—China’s civil service exam system—played a key role in the growth and expanding power of the Chinese state.

Yasheng joined Tyler to discuss China’s lackluster technological innovation, why declining foreign investment is more of a concern than a declining population, why Chinese literacy stagnated in the 19th century, how he believes the imperial exam system deprived China of a thriving civil society, why Chinese succession has been so stable, why the Six Dynasties is his favorite period in Chinese history, why there were so few female emperors, why Chinese and Chinese Americans have done less well becoming top CEOs of American companies compared to Indians and Indian Americans, where he’d send someone on a two week trip to China, what he learned from János Kornai, and more.

Read a full transcript enhanced with helpful links, or watch the full video. 

Recorded January 17th, 2023

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Photo credit: MIT Sloan School