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  • Chen: China should decrease state holdings

    04/10/2008 7:07:31 PM PDT · by Redbob · 2 replies · 283+ views
    Yale Daily News ^ | 4-9-08 | Helen Gao
    Many governments justify public ownership of corporations as a way to increase economic equality. But Yale economics professor Zhiwu Chen GRD ’90 disagrees. Chen, who studies the Chinese economy, argued in a lecture Tuesday that the Chinese government ought to decrease the stake it holds in its economy in order to even income distribution among citizens. During the talk, which was the first hosted by the undergraduate founders of the China Economic Forum, Chen talked to roughly 30 students about China’s experience with state ownership and its effect on the inequality of wealth across different regions of the country. “The...