Wu Jinglian

Who is Wu Jinglian?

Wu Jinglian is one of the preeminent economists of the People's Republic of China, primarily specializing in economic policy as it applies to China's ongoing series of economic reforms.

Renowned for his resolute conviction that socialism is compatible with a market system, he is affectionately referred to in the media as Wu Shichang.

Wu currently holds multiple positions, the most important of which are: Professor of Economics at both the China Europe International Business School and the Chinese Academy of Social Sciences; Senior Research Fellow for the Developmental Research Centre of the State Council of the PRC; and Member of the Standing Committee of the Chinese People's Political Consultative Conference.

Wu graduated from Fudan University with a degree in economics in 1954. Through his long career, he has, in addition to his professorships at Chinese universities, been visiting researcher and professor at a number of international universities, including Yale, MIT, Duke, Stanford, and Oxford.

A prominent target of political persecution during the Cultural Revolution, Wu was criticized for advocating the doctrine of "bourgeois right," more simply understood as the principle of "compensation according to work."