Summarizes the results of the author's research on China's financial reforms, adopting the fictitious economy theory. This book focuses on the developmental process and main features of the fictitious economy; the essence and the law of the fictitious capital; and, the relationship between the fictitious economy and the real economy.
Siwei Cheng (UCLA Anderson, 1983) is an international expert and renowned scholar in engineering, economics, finance and management. He has more than 40 years of experience in the chemical industry and is a pioneer in growing China's multi-billion dollar borax industry. He was the former Vice Chairman of the 9th and 10th Standing Committee of the National People's Congress (NPC), People's Republic of China (PRC). He devoted himself to the reform and opening up of China's economy for 30 years. He utilized the approach of complexity science to study economic reforms in China and put forward many valuable and influential proposals to the top leaders of China, and implemented his ideas in his work as the Vice Chairman of the NPC Standing Committee, PRC and Chairman of the Central Committee of China National Democratic Construction Association. He initiated the School of Fictitious Economy at the Chinese Academy of Science (CAS) and has a deep and lasting influence in China's economic and financial circles. He also promoted the venture capital business in China and built up high reputation in this field. He is also very active in the international academic community and was invited to give keynote speeches in many countries and international forums.