Chinese economist, commentator, author and TV host
Larry Hsien Ping Lang
(
Chinese
:
?咸平
;
pinyin
:
Lang Xianping
;
Wade?Giles
:
Lang Hsien-p'ing
) (a.k.a. Larry Lang, Larry H.P. Lang, Lang Xianping, and Lang Hsien-ping) (born 1956) is a Hong Kong-based economist,
[2]
commentator, author and TV host in China.
Lang has become a famous and controversial figure in China in recent years:
Since 2002, Lang has risen to his fame by "scolding". From
D'Long
to
Haier
, from
TCL
to
Greencool
, those scolded by him were all well-known large enterprises. People who hate him call him a "Rogue Professor", whereas those who like him say he dares to speak the truth.
[3]
Personal background
[
edit
]
Lang was born in 1956 in
Taoyuan County, Taiwan
(now Taoyuan City), and his ancestors are from
Weifang
,
Shandong
.
[4]
Education
[
edit
]
Lang received his bachelor's degree from
Tunghai University
in 1978, and his master's degree from
National Taiwan University
in 1980. He then studied at
Wharton School of the University of Pennsylvania
, where he received a master's degree and a PhD in Finance.
[5]
Lang was a lecturer at
Wharton School of the University of Pennsylvania
,
Michigan State University
,
Ohio State University
,
New York University Stern School of Business
and
The University of Chicago
. Lang was also Chair Professor of Finance, the Faculty of Business Administration, at
The Chinese University of Hong Kong
.
Career and professional ethics
[
edit
]
1994: Professor at
The Chinese University of Hong Kong
.
1996?2000: Consultant on Corporate governance Projects for
World Bank
, Washington, D.C.
[6]
1998?2001:
Shenzhen Stock Exchange
, and the
Financial Services Bureau
of the
Hong Kong Government
. He researched corporate governance and protection of the interests of small shareholders.
2004: Joint-appointed professor of
The Chinese University of Hong Kong
and the
Cheung Kong Graduate School of Business
in mainland China.
August 2004: Host of a finance talk show
Caij?ng Lang Xianpang
(?????, literally "Finance Lang Leisure Talk") on
Shanghai Television
Early 2006:
Caij?ng Lang Xianpang
suspended due to Lang's intention to uncover the
Shanghai pension scandal
on the show.
June 2009: Lang made a comeback to host
Larry's Eyes on Finance
(
Chinese
:
???眼
;
pinyin
:
Caij?ng Lang Y?n
), a news commentary talk show.
[7]
Controversy
[
edit
]
Much of the controversy surrounding Lang can be attributed to his criticism on rightwing capitalism and the failing financial system. For example, Lang openly announced his endorsement of Marx's critical analysis on capitalism, positively reviewed Mao Zedong's role in China's earlier development and pointed out the often negative role US played in global economy and financial world.
Impact to the public domain in mainland China
[
edit
]
Major public events
[
edit
]
- (TODO: This section needs to be translated from Chinese.)
Main theories on public media
[
edit
]
Lang has repeatedly stated in public that, regarding
macroeconomics
, he believes in
Karl Marx
's
scientific communism
and
crisis theory
. He thinks that
big government
can bring more justice and welfare to the society than
minarchism
, which condones violations on the interests of small shareholders by financial capital, and eventually leading to financial crisis. That is why he is sometimes called a
New Left
academic.
Dual-sector model
[
edit
]
- (TODO: This section needs to be translated from Chinese.)
China's globalization crisis
[
edit
]
- (TODO: This section needs to be translated from Chinese.)
For China 's
globalization
remained relatively "critical " attitude. His main idea is that many Chinese enterprises and local governments do not understand the international nature, or in his words, " farmland through water not previously dug ditches ." For example, "foreign" stock market operations through the acquisition of a cheap price or a lot of state-owned assets, causing increasingly serious loss of assets, as well as the
division of labor
in
global value chain
.
Lang believes that the existence of financial speculators internationally, such as
George Soros
of
Quantum Group of Fund
, these speculators are foreign exchange parity, commodities, precious metals prices from fluctuations in the main promoters, and Lang believes that behind them there is a long-term support of the world's financial powers, so meaningful, " financial war" , the rise and fall of these financial war against a country plays a key role, he and
Currency Wars
, author
Song Hongbing
along with
[
who?
]
as "conspiracy theorists."
The face of the increasing appreciation of international oil prices in 2008, prices of food and some money, Lang pointed out that it is likely to be a behind by the " international financial speculators " under the control of a situation. The Chinese part of the industry, such as the steel industry is severely affected.
Enterprise strategy
[
edit
]
Lang repeatedly points to
South Korean
enterprises as a model, and criticizes many of China's emerging enterprises. He advocates studying the practices of transnational corporations,
of cutting process flow in enterprises where enterprises no longer tangled in one or two leadership capacity, maintaining long-term business, but also full of innovation.
- (TODO: This section needs to be translated from Chinese.)
Social repercussions
[
edit
]
- (TODO: This section needs to be translated from Chinese.)
Reactions among Chinese economists
[
edit
]
Among circles of Chinese
economists
, the prevailing opinion is that Lang's area of expertise does not cover China's economic system: he lacks a true understanding of China's situation, and his views on the restructuring of state enterprises are mostly shunned by his peers. Initially, key economists remained silent, but then they realized that Lang seemed to be on the way to affect China's fundamental national policies. So, they began to criticize his theories to try to turn the tide. Besides academic criticisms, there were also accusations of "grandstanding" and "fishing for fame." Nevertheless, it would appear that their attempts in turning the tide were basically futile.
- Wu Jinglian
:Lang's final verdict is "China's society has never been this bad in 5000 years." His rationale is two-fold: first, the path of economic development alone, and second, marketization.
(TODO: Some text in this paragraph still needs to be translated into Chinese and is commented out.)
[8]
- Steven N. S. Cheung
: Professor Lang knows nearly nothing about China's economic and political infrastructure. ... However, as a professor, how could Mr. Lang make such generalizations so irresponsibly?
[9]
- Zhou Qiren
: Speaking of Lang, I think it is not difficult to see that he is wrong. ... I do not see in Lang's allegations any kind of complex theories, concepts and reasoning. ... Lang [claimed], "Whose are the state-owned assets? Yours, mine, ours." ... Now what is he muddling? He has no share of nothing. No matter how blurry the property rights of state-owned assets are, it should be obvious that he has no part in the subject of rights. ... I can say with certainty that these outrageous views of Lang's did not just come off the top of his head. The question beckons: These "stuff"?nonsensical, illogical, and just plain rude?came off the top of whose head?
[10]
- Zhiwu Chen
thinks that Lang's
conspiracy theory
is the
opium of the people
.
[11]
Reactions of relevant departments in the Chinese government
[
edit
]
- (TODO: This section needs to be translated from Chinese.)
Since the
Lang?Gu dispute
, ...
Lang is often thought of as a
New Left
academic, but he calls himself a
capitalist
economist
. Lang was never admitted by the
Utopia
as an ally.
- (TODO: This section needs to be translated from Chinese.)
Notable works
[
edit
]
Doctoral thesis
[
edit
]
Selected books for general audiences
[
edit
]
- (TODO: Some more titles of Lang's works may need to be translated from Chinese.)
Selected journal articles
[
edit
]
- "Dividends and Expropriation" (with
Mara Faccio
and Leslie Young, American Economic Review, 2001)
- "When Does Corporate Diversification Matter to Productivity and Performance? Evidence from East Asia" (with S. Claessens and J. Fan, Pacific-Basin Finance Journal, Special Issue on Corporate Governance, July 2003)
- "Disentangling the Incentive and entrenchment Effects of Large Shareholdings" (with S. Claessens, S. Djankov and J. Fan, Journal of Finance, December 2003)
References
[
edit
]
- ^
"Academic Staff: Larry, Lang H.P."
The Chinese University of Hong Kong Business Faculty
. Retrieved
24 July
2013
.
- ^
"Paint on a Smile!"
.
China Media Project
. Journalism and Media Studies Centre, The University of Hong Kong. 18 October 2012
. Retrieved
24 July
2013
.
- ^
"揭秘明星????家?咸平七招成功?"
[Uncovering the 7 steps to success of star finance expert Lang Xianping]. February 4, 2013
. Retrieved
August 24,
2013
.
- ^
1. Lang was born in Taiwan. His father, a
major general of the
Republic of China Air Force
, followed the
Kuomintang
government to Taiwan in 1949. ...
(TODO: Some text in this paragraph needs to be translated from Chinese and is commented out.)
Lang commented on his talk show: if someone in mainland China were to ask, "Where are you from, Professor Lang?", Lang would intuitively respond, "I am from
Weifang
,
Shandong
" instead of
Taiwan
. 。
"?咸平?26-身在台?(上)02"
.
?咸平說
. Retrieved
2011-06-01
.
- ^
"Larry H.P. Lang CV"
. May 11, 2002
. Retrieved
August 24,
2013
.
- ^
"Larry H.P. Lang CV"
. May 11, 2002
. Retrieved
August 24,
2013
.
- ^
"??????全集"
. ????(???眼)
. Retrieved
2012-12-18
.
- ^
Wu, Junqiang; Fu, Chunrong (2006-03-09).
?敬?"??"?咸平改革??不能"??糊"
(in Chinese). XinhuaNet.com. Archived from
the original
on November 25, 2015
. Retrieved
2013-08-18
.
- ^
"?五常:?咸平??取? ?中???一无所知"
[Steven N. S. Cheung: Larry Lang a grandstander, but knows nothing about China's economy]. Yahoo!. 2011-08-16
. Retrieved
2012-10-08
.
- ^
周其仁:我?什?要回??咸平
[Zhou Qiren: Why I want to respond to Larry Lang] (in Chinese). Sina Finance. 11 September 2004
. Retrieved
8 October
2012
.
- ^
?志武:?咸平的???是精神?片
[Chen Zhiwu: Larry Lang's conspiracy theory is the opium of the people] (in Chinese). NetEase. 11 May 2010
. Retrieved
7 April
2012
.
External links
[
edit
]
|
---|
Ideologies
| |
---|
Figures
| |
---|
Websites
| |
---|
Organizations
| |
---|
Publications
| |
---|
Events
| |
---|
Related topics
| |
---|
|
|
---|
International
| |
---|
National
| |
---|
Other
| |
---|