Chen Kang

Economist

Chen Kang is Professor of Economics at the Lee Kuan Yew School of Public Policy, National University of Singapore. He is author of The Chinese Economy in Transition: Micro Changes and Macro Implications. He has published widely on issues relating to macroeconomic modelling, Public Choice and Public Policy, China’s economic reform, and the economic role of government in professional journals. He received his B.Sc. from Xiamen University and his Ph.D. from the University of Maryland at College Park. He served as Vice President of the Economic Society of Singapore and Director of the East Asian Economic Association. He currently serves on the Editorial Board of the European Journal of Political Economy, and the Advisory Board of China Economic Quarterly.

A man under a bridge of the Yangtze river in Wuhan, 15 April 2020. (Aly Song/REUTERS)

When the only option is fraud: How institutional faults led to the spread of the coronavirus in Wuhan

Chen Kang attributes the blindspots in China’s handling of the Covid-19 outbreak to the tendency of officials to withhold information and put up appearances for their own interests. As such, decision-making could be impaired by the asymmetry of information and misaligned interests between superiors and subordinates, especially at the local level. Results then vary based on how well one navigates the minefields of groupthink, collusion and that seemingly innocuous aim of not rocking the boat. Using the prism of formalism, or what is prizing form over substance, Chen points out the weakness of a centralised system.
A delivery rider handing a package to a resident over a wall closing off a street in Wuhan. (STR/AFP)

Power of the people invaluable in China's fight against Covid-19

While it may seem that the Chinese government single-handedly dealt with the Covid-19 crisis in its initial stages, Chen Kang opines that it is the voluntary involvement of the people, social organisations and enterprises that made and continues to make life under lockdown liveable. This process has provided invaluable lessons on public governance that the Chinese government and society should continue to learn from and work on.
János Kornai. (Internet)

János Kornai: A Hungarian insight into China's economic development

Prof Chen Kang opines that after over 40 years of reform and opening up, China is still heavily influenced by the planned economy of its past. China is also stamped with characteristics of market socialism, as its early reform is modelled after the Hungarian experience. Hence, Chen suggests that China should heed the warnings of the eminent Hungarian economist János Kornai, as it takes its next steps forward in its economic reform.
The US and China have been competing on different fronts. (Jason Lee/REUTERS)

China and the US, who innovates better?

Who is the better innovator between China and the US? Prof Chen Kang observes that both sides are lacking in confidence in their innovative capabilities, and the grass seems greener on the other side. What are their strengths and weaknesses, and how can China and the West overcome their own insecurities to be more adaptable and responsive?
Erroneous assumptions of others’ pursuits and exaggeration of the good they have accomplished are common phenomena in international relations. (iStock)

Thermostats, Christmas cards, and the trade war

What do thermostats and Christmas cards have in common with the ongoing China-US trade war?