Ron Schramm has been conducting research related to China since the early 1990s and is currently on the faculty of Columbia University at the School of International and Public Affairs. Most recently, he is the editor of the Handbook of the Chinese Economy and Financial System (forthcoming Sage Publishing, 2025). He is also the author of The China Macro Finance:  A US Perspective. He was on the faculty of IBSS in Suzhou as an Associate Professor (2013-2016), creating and directing its Economics PhD program. Before IBSS he had been on the faculty of Columbia Business School for over 27 years where he taught the widest range of courses of any faculty member.   He also served as Finance Editor for the International Journal of Emerging Markets. Professor Schramm’s areas of specialization include international finance and the Chinese economy. He holds a bachelor’s degree from Harvard University (with honors) and Master of Arts, Master of Philosophy and PhD in Economics from Columbia University.  Schramm was a Fulbright Scholar at UIBE in Beijing and held visiting faculty positions at HKUST in Hong Kong, Shanghai Jiao Tong University and CEIBS Shanghai.  He was at the IMF for 3 years as an Economist working on debt workouts for African economies.  Professor Schramm is the chair/founder of the China Group at the Harvard Club of New York

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• Introduction - Ronald Michael SchrammPart One: Key IndustriesChapter 1: The State of China’s Urban Housing Markets - Yongheng Deng, Joe Gyourko and Jing WuChapter 2: Agricultural Growth, Transformation and Policies in China - Jikun HuangChapter 3: The Rise of the Digital Economy: A New Growth Engine for China′s Service Sector - Irina FanChapter 4: The Energy Sector with Implications for the Environment - Qinglong ShaoChapter 5: Institutional Sclerosis of Chinese Semiconductor Industry: Temporal; Structural, and Evolutionary Appraisal - Tariq H. MalikChapter 6: State-Owned Enterprises and Privately-Owned Enterprises in China - Henri SchneiderPart Two: Financial MarketsChapter 7: A Comparative Perspective on China’s Flow of Funds: Banks, Bonds, Equity Markets, and Alternative Finance - Franklin Allen, Meijun Qian and Xiaoqian ZhangChapter 8: Shadow Banking and Interest Rate Reform - Hao Wang and Hao ZhouChapter 9: Entrepreneurial Finance - Celine Yue Fei and Xiaoyun YuChapter 10: Capital Budgeting and the Cost of Capital in China - Haili WuChapter 11: Key Elements of the Regulatory Framework: Key Elements of the Regulatory Framework - Tat Chee TsuiPart Three: Human CapitalChapter 12: Human Resources: Demographics, Human Capital, Labor Markets and Unions - Tony Fang, John Hartley, and Shanawaz KhanChapter 13: Reforming China′s Social Welfare System: Addressing Disparities and Embracing Change - Jiwei QianChapter 14: Inequality and poverty in China - Hedda Flato and Kristin DalenChapter 15: Digital inclusive finance and urban-rural income gap reduction - Xiangfeng JI, Gonghang Chen, Xueying YuanPart Four: MacroeconomyChapter 16: The Role of Government: Economic Planning and Political Economy - Gang Nathan Dong and Zigan WangChapter 17: Fiscal Policy and Public Finance - Paulo Jose′ RegisChapter 18: China’s Consumption and Saving Puzzle Explained - Sherry YuChapter 19: The Declining China′s GDP Growth Rate and Secular Stagnation - Abdol S. SoofiChapter 20: China’s Monetary Policy: Goals, Tools and Key Interest Rates - Lixin SunChapter 21: Data Quality and Macroeconomics: Three Key Series and Social Welfare - Bas van Leeuwen, Meimei Wang, Ye MaPart Five: China and the GlobeChapter 22: Balance of Payments, Exchange Rate, and Foreign Exchange Reserves - Vladmir PopovChapter 23: Exchange Rate Policy - Calla WiemerChapter 24: Foreign Direct Investment in China - Kevin Honglin ZhangChapter 25: Is China an immature creditor? Implications for debt sustainability - Paola SubacchiChapter 26: China Brands: Economic Impact of Global Branding in the Future - Jim Huangnan Shen, Christine TsuiChapter 27: Economic Cooperation: The Belt and Road Initiative - Yuwen DaiChapter 28: China’s Financing: The World, Africa and Kenya - The Standard Gauge Railway - Ronald Michael Schramm

Ron Schramm has been conducting research related to China since the early 1990s and is currently on the faculty of Columbia University at the School of International and Public Affairs. Most recently, he is the editor of the Handbook of the Chinese Economy and Financial System (forthcoming Sage Publishing, 2025). He is also the author of The China Macro Finance:  A US Perspective. He was on the faculty of IBSS in Suzhou as an Associate Professor (2013-2016), creating and directing its Economics PhD program. Before IBSS he had been on the faculty of Columbia Business School for over 27 years where he taught the widest range of courses of any faculty member.   He also served as Finance Editor for the International Journal of Emerging Markets. Professor Schramm’s areas of specialization include international finance and the Chinese economy. He holds a bachelor’s degree from Harvard University (with honors) and Master of Arts, Master of Philosophy and PhD in Economics from Columbia University.  Schramm was a Fulbright Scholar at UIBE in Beijing and held visiting faculty positions at HKUST in Hong Kong, Shanghai Jiao Tong University and CEIBS Shanghai.  He was at the IMF for 3 years as an Economist working on debt workouts for African economies.  Professor Schramm is the chair/founder of the China Group at the Harvard Club of New York

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• Introduction - Ronald Michael SchrammPart One: Key IndustriesChapter 1: The State of China’s Urban Housing Markets - Yongheng Deng, Joe Gyourko and Jing WuChapter 2: Agricultural Growth, Transformation and Policies in China - Jikun HuangChapter 3: The Rise of the Digital Economy: A New Growth Engine for China′s Service Sector - Irina FanChapter 4: The Energy Sector with Implications for the Environment - Qinglong ShaoChapter 5: Institutional Sclerosis of Chinese Semiconductor Industry: Temporal; Structural, and Evolutionary Appraisal - Tariq H. MalikChapter 6: State-Owned Enterprises and Privately-Owned Enterprises in China - Henri SchneiderPart Two: Financial MarketsChapter 7: A Comparative Perspective on China’s Flow of Funds: Banks, Bonds, Equity Markets, and Alternative Finance - Franklin Allen, Meijun Qian and Xiaoqian ZhangChapter 8: Shadow Banking and Interest Rate Reform - Hao Wang and Hao ZhouChapter 9: Entrepreneurial Finance - Celine Yue Fei and Xiaoyun YuChapter 10: Capital Budgeting and the Cost of Capital in China - Haili WuChapter 11: Key Elements of the Regulatory Framework: Key Elements of the Regulatory Framework - Tat Chee TsuiPart Three: Human CapitalChapter 12: Human Resources: Demographics, Human Capital, Labor Markets and Unions - Tony Fang, John Hartley, and Shanawaz KhanChapter 13: Reforming China′s Social Welfare System: Addressing Disparities and Embracing Change - Jiwei QianChapter 14: Inequality and poverty in China - Hedda Flato and Kristin DalenChapter 15: Digital inclusive finance and urban-rural income gap reduction - Xiangfeng JI, Gonghang Chen, Xueying YuanPart Four: MacroeconomyChapter 16: The Role of Government: Economic Planning and Political Economy - Gang Nathan Dong and Zigan WangChapter 17: Fiscal Policy and Public Finance - Paulo Jose′ RegisChapter 18: China’s Consumption and Saving Puzzle Explained - Sherry YuChapter 19: The Declining China′s GDP Growth Rate and Secular Stagnation - Abdol S. SoofiChapter 20: China’s Monetary Policy: Goals, Tools and Key Interest Rates - Lixin SunChapter 21: Data Quality and Macroeconomics: Three Key Series and Social Welfare - Bas van Leeuwen, Meimei Wang, Ye MaPart Five: China and the GlobeChapter 22: Balance of Payments, Exchange Rate, and Foreign Exchange Reserves - Vladmir PopovChapter 23: Exchange Rate Policy - Calla WiemerChapter 24: Foreign Direct Investment in China - Kevin Honglin ZhangChapter 25: Is China an immature creditor? Implications for debt sustainability - Paola SubacchiChapter 26: China Brands: Economic Impact of Global Branding in the Future - Jim Huangnan Shen, Christine TsuiChapter 27: Economic Cooperation: The Belt and Road Initiative - Yuwen DaiChapter 28: China’s Financing: The World, Africa and Kenya - The Standard Gauge Railway - Ronald Michael Schramm