| U.S. Prof: China does best in coping with financial crisis |
| Friday,June 12,2009 Posted: 15:46 BJT(0746 GMT) xinhua |
China is clearly doing the best among all major economies in dealing with the ongoing financial crisis, Professor Franklin Allen of Wharton School of the University of Pennsylvania said Thursday. At a press conference on the sideline of the Wharton Global Alumni Forum, Allen added, "The Chinese government has been basically doing a great job, by shifting from export to internal-based growth." Meanwhile, Professor Thomas S. Robertson, dean of the school, said Wharton has made modifications and adjustments of its curriculums to address the financial crisis by focusing more on government regulation and assets management. Agreeing with his colleague, Allen said, in making those adjustments Wharton also learned from the countries that have been doing well during the economic turmoil, for example, China. Wharton of the University of Pennsylvania, founded in 1881, was the first business school in the U.S. and one of the most renowned and recognized worldwide. It has developed strategic alliances and cooperative programs with four major Chinese business schools, including Tsinghua University and Guanhua School of Management of Peking University. Robertson said he values students from China, who account for about 3 percent of the undergraduates, 4 percent, in the MBA programs, and about 16 percent, those studying for doctoral degrees. The forum will run for three days from Thursday, with several panels each day discussing topics such as boom and bust in the Chinese real estate industry, and the impact of the global financial crisis on China. |
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