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People & Points
Print Edition> People & Points
UPDATED: December 7, 2009 NO. 49 DECEMBER 10, 2009

Economist Honored

Li Yining, one of the most prestigious Chinese economists, has won this year's China Award for Theoretical Innovation in Economics for his role in establishing the country's shareholding reform theory.

The 500,000-yuan ($71,000) award was jointly launched by four nongovernmental domestic academic institutions last year to recognize original, time-tested Chinese economics theories.

Li, 79, is dean emeritus of the Guanghua School of Management at Peking University. He raised the idea of reforming China's economy through a shareholding system at the very beginning of the reform and opening-up drive in the late 1970s, when the country adhered to a strict planned economy under which state-owned enterprises held a dominant position but performed poorly. Li's consistent advocacy has promoted ownership reform in China since the late 1990s, as well as the development of China's securities market.

Li is also a winner of the Sun Yefang Economics Award and the Golden Triangle Award, which are among the highest honors in China's economics world.

FAO Promotes Chinese Official



The Food and Agriculture Organization (FAO) announced on November 25 it had appointed He Changchui as its deputy director general at its 138th Council Meeting in Rome, Italy. He is the first Chinese person to have been appointed to the position in the 63-year history of the FAO and also the highest-ranking Chinese official in the organization.

Before the appointment, He was FAO assistant director general and its regional representative for Asia and the Pacific.

He, who has a Ph.D. in urban and environment studies from Peking University, was born in 1949. A former official at the Chinese Academy of Sciences and the National Commission of Science and Technology of China, he also served on the UN's Economic and Social Commission for Asia and the Pacific after becoming an international civil servant in 1988.

Since the resumption of its legitimate seat at the FAO in 1973, China has played an increasingly active role in FAO-led activities. In September 2008, Chinese Premier Wen Jiabao committed a $30-million donation to the FAO in the form of a trust fund to help other developing countries with their agricultural development programs.

Business Newsmaker



Veteran media man He Li has been named editor of the top Chinese business magazine Caijing, replacing founder Hu Shuli who quit in early November. The appointment took effect on December 1, a spokesperson for Caijing said.

He, 47, entered the media world in 1989, after spending five years teaching in the Northern Jiaotong University and the Capital Normal University. Between 1989 and 2000, he worked at China Business Times, China's first privately invested newspaper, where Hu was international editor from 1992 to 1998.

He was one of the founding editors of The Economic Observer in Beijing and served as editor in chief and publisher of the weekly since 2001. He took over Shanghai-based China Business Weekly as its editor in chief in September 2007 and resigned in November 2009.

"Some countries demand the yuan's appreciation while practicing various [types of] trade protectionism against China. It's unfair and actually limits China's development."

Chinese Premier Wen Jiabao, at a press conference after the 12th China-EU summit in Nanjing on November 30

"In 2020, the country's gross domestic product will at least double that of now, so will the emissions of greenhouse gases (GHG). But the required reduction of emissions by 40 to 45 percent in 2020 compared with the level of 2005 means the emissions of GHG in 2020 have to be roughly the same as emissions now."

Qi Jianguo, an economic and environmental policy researcher at the Chinese Academy of Social Sciences, on China's carbon emissions cut target

"A new era of European cooperation begins today."

Swedish Prime Minister Fredrik Reinfeldt, whose country holds the rotating EU presidency, claiming on December 1 that EU cooperation was entering a new era with the Treaty of Lisbon coming into force

"What you do from this day forward will write, or rewrite, the story of AIDS across Africa."

Michel Sidibe, UNAIDS Executive Director, to South African President Jacob Zuma before Zuma announced his country, which contains the world's most HIV-infected population, would treat all HIV-positive babies and expand testing

"It might slow the pace of recovery for a while but I don't think it's going to be one of these cataclysmic moments that suddenly means equities fall off a cliff and means that the economy turns south once more."

Stephen Pope, Chief Global Equity Strategist at Cantor Fitzgerald, downplaying the impact of the debt revelations from Dubai on the global economy in an interview with CNN

"Our people have been challenged. A crime of which any one of us could have been a victim has been committed for effect. They want to frighten everybody who lives in Russia."

Patriarch Kirill, head of the Russian Orthodox Church, urging the nation not to give in to fear after a train bombing in Russia killed at least 27 people on November 27

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