Cheng Siwei

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Cheng Siwei
Flickr - World Economic Forum - Cheng Siwei - Annual Meeting of the New Champions Tianjin 2008.jpg
Cheng Siwei at the World Economic Forum in September 2008
President of the China Democratic National Construction Association
In office
Preceded by Sun Mengqi
Succeeded by Chen Changzhi
Vice Chairman of the Standing Committee of the National People's Congress
In office
Chairman Li PengWu Bangguo
Personal details
Born(1935-06-00)June 1935
Xiangxiang, Hunan, China
Died12 July 2015(2015-07-12) (aged 80)
Beijing, China
Political party China Democratic National Construction Association
ChildrenCheng Zhuo (成卓) [1]
Parents Cheng Shewo
Xiao Zongrang (萧宗让)
Alma mater
ProfessionScience of Business Administration

Cheng Siwei (June 1935 12 July 2015) was a Chinese economist, chemical engineer and politician. He was the Chairman of China Soft Science Research Association; [2] President of the Chinese Society for Management Modernization; Director of the Research Center on Fictitious Economy and Data Science, Chinese Academy of Sciences; Dean of the School of Management of the Graduate University of the Chinese Academy of Sciences [2] and Honorary President of East China University of Science and Technology.

Economist professional in the social science discipline of economics

An economist is a practitioner in the social science discipline of economics.

Chemical engineer professional in the field of chemical engineering

In the field of engineering, a chemical engineer is a professional, who is equipped with the knowledge of chemical engineering, works principally in the chemical industry to convert basic raw materials into a variety of products, and deals with the design and operation of plants and equipment. In general, a chemical engineer is one who applies and uses principles of chemical engineering in any of its various practical applications; these often include 1) design, manufacture, and operation of plants and machinery in industrial chemical and related processes ; 2) development of new or adapted substances for products ranging from foods and beverages to cosmetics to cleaners to pharmaceutical ingredients, among many other products ; and 3) development of new technologies such as fuel cells, hydrogen power and nanotechnology, as well as working in fields wholly or partially derived from chemical engineering such as materials science, polymer engineering, and biomedical engineering.

Chinese Academy of Sciences academy of sciences

The Chinese Academy of Sciences, with historical origins in the Academia Sinica during the Republican era and formerly also known by that name, is the national academy for the natural sciences of the People's Republic of China (PRC). Collectively known as the "Two Academies (两院)" along with the Chinese Academy of Engineering, it is an institution of China, functioning as the national scientific think tank and academic governing body, providing advisory and appraisal services on issues stemming from the national economy, social development, and science and technology progress. It is headquartered in Xicheng District, Beijing, with branch institutes all over mainland China. It has also created hundreds of commercial enterprises, Lenovo being one of the most famous.


He was also an Adjunct Professor and Doctoral Supervisor of institutions including the Chinese Academy of Sciences, Chinese Academy of Social Sciences, Guanghua School of Management of Peking University, and Nankai University. [3]

The Chinese Academy of Social Sciences (CASS), with historical origins in the Academia Sinica during the Republic of China era, is the premier, comprehensive national academic research organization in the People's Republic of China for the study in the fields of philosophy and social sciences, with the obligation of advancing and innovating in the scientific research of philosophy, social sciences and policies. It was described by Foreign Policy magazine as the top think tank in Asia. It is affiliated with the PRC's State Council.

The Guanghua School of Management is the business school of Peking University in Beijing, China. The school offers undergraduate, master’s, and doctoral programs, with a total enrollment of more than 3,000 students.In addition to full-time academic programs, the School runs an EMBA program and MPAcc program, as well as several other non-degree, customized Executive Education Programs. Guanghua was ranked #54 in the top 100 Global MBA rankings by the Financial Times for its International MBA program, and #8 for its Master of Finance program in 2012. It has consistently been regarded as one of the top business schools in China, often recognized for faculty research, academic teaching, and admission selectivity. Notable members of the faculty include celebrated economists Li Yining and Zhang Weiying. The school’s current dean is Liu Qiao.

Peking University university in Beijing, China

Peking University is a major research university in Beijing, China, and a member of the elite C9 League of Chinese universities. The first modern national university established in China, it was founded during the late Qing Dynasty in 1898 as the Imperial University of Peking and was the successor of the Guozijian, or Imperial College. The university's English name retains the older transliteration of "Beijing" that has been superseded in most other contexts.

Early life and education

Cheng Siwei was born June 1935, in Xiangxiang, Hunan Province, China. He attended Heung To Middle School in Hong Kong from 1948–1951; he then moved to Mainland China. During 1951–1952 he attended the Workers' College of Guangzhou South University, China. He then attended the South China Institute of Technology and East China Institute of Chemical Technology from 1952–1956, majoring in inorganic chemical technology, and in 1958–1973 he worked in various units of both the Ministry of Chemical Industry and the Ministry of Petroleum and Chemical Industries. [4]

Xiangxiang County-level city in Hunan, Peoples Republic of China

Xiangxiang is a county-level city under the administration of Xiangtan, Hunan province, China. Located on Central Hunan and the west of Xiangtan, Xiangxiang is bordered by Ningxiang County and Shaoshan City to the north, Xiangtan County to the east, Shuangfeng County to the south, Louxing District of Loudi City to the west, it has an area of 1,912.7 km2 (738.5 sq mi) with a population of rough 850,000. It has 4 subdistricts, 15 towns and 3 townships under its jurisdiction, the government seat is Wangchunmen (望春门街道).


Cheng Siwei in Germany, September 2012 Business and Investors Forum China 2012-0091.jpg
Cheng Siwei in Germany, September 2012

He was the Chief Engineer of the Science & Technology Bureau of the Ministry of Chemical Industry (China) in 1973–1981. In 1981 he attended the University of California, Los Angeles, and graduated in 1984 with a Master of Business Administration (MBA). He then returned to his former position as Chief Engineer of the Science & Technology Bureau of the Ministry of Chemical Industry until 1988, when he was promoted to the Vice-President and Chief Engineer of the Scientific and Technical Research Institute of the Ministry of Chemical Industry. He became the Deputy Chief Engineer of the Ministry of Chemical Industry in 1993 and Vice-Minister of Chemical Industry in 1994–1997. During the same period, he held the position of the Chairman of the China Democratic National Construction Association (CDNCA) Central Committee, from 1996-1997. He continued to hold dual positions for nearly ten years, as the Chairman of the 7th and 8th Central Committees of the Chairman of the China Democratic National Construction Association (CDNCA) from 1997–2007, and as the Vice-Chairman of the Standing Committee of the Ninth and Tenth National People’s Congresses in 1998–2008. During this time, he was also awarded an Honorary Doctor of Business Administration from Hong Kong Polytechnic University. [2] [3] [4]

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The UCLA Anderson School of Management is the graduate business school at the University of California, Los Angeles, one of eleven professional schools. The school offers MBA, PGPX, Financial Engineering and Ph.D. degrees. The school is consistently ranked among the top tier business school programs in the country, based on rankings published by US News & World Report, Businessweek and other leading publications.

National Peoples Congress highest state body and legislature of the Peoples Republic of China

The National People's Congress is the highest organ of state power and the national legislature of the People's Republic of China. With 2,980 members in 2018, it is the largest parliamentary body in the world. The National People's Congress meets in full session for roughly two weeks each year and votes on important pieces of legislation, and members are considered to be part-time legislators and are not paid to serve in the NPC.


His research mainly covers complexity science, fictitious economy, venture capital, chemical systems engineering, soft science and management science.

Fictitious capital

Fictitious capital is a concept used by Karl Marx in his critique of political economy. It is introduced in chapter 25 of the third volume of Capital. Fictitious capital contrasts with what Marx calls "real capital", which is capital actually invested in physical means of production and workers, and "money capital", which is actual funds being held. The market value of fictitious capital assets varies according to the expected return or yield of those assets in the future, which Marx felt was only indirectly related to the growth of real production. Effectively, fictitious capital represents "accumulated claims, legal titles, to future production" and more specifically claims to the income generated by that production.

Venture capital start-up investment

Venture capital (VC) is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake, in the companies they invest in. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments do have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from the high technology industries, such as information technology (IT), clean technology or biotechnology.

Management science (MS) is the broad interdisciplinary study of problem solving and decision making in human organizations, with strong links to management, economics, business, engineering, management consulting, and other sciences. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms to improve an organization's ability to enact rational and accurate management decisions by arriving at optimal or near optimal solutions to complex decision problems. Management science helps businesses to achieve goals using various scientific methods.

He has published several books, including Chromic Salts Technology, Rejuvenating Chemical Industry through Science and Technology, Soft Science and Reform, Large Linear Target Programming and Application, Research in China's Economic Development and Reform and Economic Reform and Development in China. In 2010, he began having his works translated into English and published through Enrich Professional Publishing [5] [6] in Hong Kong, for a worldwide readership. The books Selected Works of Cheng Siwei, Economic Reforms and Development in China: Three-Volume Set [5] [7] [6] are some of his most recent works. He has nearly 300 publications under his name at home and abroad. [4]

Enrich Professional Publishing book publisher based in Hong Kong, Singapore and Honolulu

Enrich Professional Publishing (S) Private Limited (EPP) is a publisher incorporated in Singapore, but related to Enrich Professional Publishing Limited and Hong Kong-based Enrich Publishing Limited. Enrich Professional Publishing is headquartered in Hong Kong and had offices in Singapore and Beijing. Both Enrich Professional Publishing and Enrich Publishing are part of Enrich Culture Group. Another sister company, Enrich Professional Publishing, Inc., was based in Honolulu, Hawaii. According to the company, Enrich Publishing was founded in 2004, while Enrich Professional Publishing was founded in 2009. Enrich Professional Publishing is an imprint for books in English language. Despite using different companies in Singapore and the United States to publish, their books, such as Poon's and Zhang's, are printed in Hong Kong.

Hong Kong East Asian city

Hong Kong, officially the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR), is a special administrative region of China on the eastern side of the Pearl River estuary in southern China. With over 7.4 million people of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is the world's fourth-most densely populated region.

In recent years, he has devoted himself to the use of complexity science to study issues relating to the development and reform of China, made enormous efforts to explore and explain the characteristics and law of development of the fictitious economy, and actively studied and promoted the development of venture capital in China. The Brookings Institution has hosted him as a speaker in an effort to find out more about China's 12th 5-year-plan, including its top-level policy objectives.


Cheng Siwei died in Beijing on the morning of 12 July 2015 at the age of 80. [8] [9]

Published works

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South China University of Technology University in Guangdong, China

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Tianjin University university in Tianjin, China

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  1. 成卓:像玫瑰一样生长. 163 (in Chinese). 2011-12-27.
  2. 1 2 3 Cheng, Siwei. "Graduate School of the Chinese Academy of Sciences". Archived from the original on 26 April 2012. Retrieved 2 January 2012.
  3. 1 2 Cheng, Siwei. "Biography of Cheng Siwei" . Retrieved 2 January 2012.
  4. 1 2 3 Cheng, Siwei. "MBA Library" . Retrieved 2 January 2012.
  5. 1 2 3 Cheng, Siwei. "Enrich Selected Works of Cheng Siwei". Archived from the original on 15 March 2012. Retrieved 2 January 2012.
  6. 1 2 3 "2102 Economic Reforms & Development in China & Book Launch", China's Sina News, Jan 6, 2012
  7. Cheng, Siwei. "Selected Works of Cheng Siwei" . Retrieved 2 January 2012.
  8. "Chinese economist Cheng Siwei dies at 80". ECNS.CN. Retrieved 12 July 2015.