27 October 2021
The Chinese post-covid growth model, an approach in terms of regulation

BRICS Seminar | Wednesday October, 27

The third session of the seminar BRICs et économies émergentes (INALCO CREE - FMSH - UdP - EHESS) aura lieu mercredi 27 octobre 2021 à 18h.

To follow this session on line or on site, you must register by clicking here.

Speaker: Wei Zhao (ESSCA School of Management) et Joël Ruet ( CNRS -  Institut interdisciplinaire de l’innovation - Ecole Polytechnique )


Combining some theoretical perspectives of economic development stages, a capital accumulation regime with Chinese characteristics and a techno-economic paradigm, our presentation tries to explain how the Chinese growth miracle reached the edge of crisis after 2008. It argues that for 30 years, the ‘visible hand’ managing the Chinese economy has progressively shifted from local governments’ initiatives and experiments to central government’s macro policy supplemented with industrial economics tools.

This brought China’s growth from the factor-driven to the investment-driven stage, and progressively decoupled the financial system from China’s local, dominant, accumulation regime, directing finance into a technological accumulation regime.

The Chinese central government attempts three macroeconomic approaches with which to readdress the growth pattern: rebalancing; supply-side reform; and innovation-driven development. The Belt and Road Initiative is an attempt to domestically recouple backward to coastal provinces, trade and investment to economic diversification, and to upgrade provinces.

The current Chinese growth model is composed of different capital accumulation regimes: export, domestic infrastructure investment, financial market liberalisation, e-commerce platform economy, all based on the manufacturing economy built up over the last 40 years. China needs upgrading its manufacturing economy to an innovation level and build a new capital accumulation regime based upon it. The recent economic events in China such as digital platform sector regulation, real estate debt crisis, and power cut, etc. shall be understood within such a macro framework.



Wednesday October 27th
6pm - 8pm

Maison de la Recherche
2 Rue de Lille 75007 Paris
Salle 2.05 (Sylvestre de Sacy)


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Download the pdf of the presentation : Le modèle de croissance chinois post covid

For more information on the seminar, see the carnet/blog, the page INALCO.




The Brics in crises: ruptures and recompositions

The Covid-19 pandemic has overhauled the world economy and geopolitics. The pandemic and its consequences have also reinforced previous tendencies: digitalization, climatic crisis and the dynamics of income disparities.

For several years, the BRICs seminar has been closely following public health-related challenges in key emerging countries. For the year to come the analyses conveyed in the BRICs seminar will adapt to the interplay between sanitary, socio-economic, climatic crises and the geopolitical changes that are accompanying them around rivalry between great powers (USA, China and its rapprochement with Russia).

By paying a particular attention to field studies and thematic studies in major emerging countries (in Africa, Asia or Latin America), without neglecting theoretical approaches, the 2021-2022 BRICs seminar will aim at helping to decipher the trajectories of these countries, thanks to the contribution of international scholars who will share their views with the audience in an interactive and critical discussion.

We hope that the BRICs seminar will continue in the future to contribute to a more precise and complete understanding of the ongoing trends and the economic, social and political perspectives of these countries.


Session 1: Wednesday October 6, 2021 – (18h00-20h00, [hybrid] Maison de la recherche Inalco, salle Sylvestre de Sacy (L2.05))

  • Jean-Joseph Boillot : « Utopies made in Monde – Le Sage et l’économiste »
  • Speaker: Julien Vercueil

This session will be introduced by  Jean-François Huchet, President of the Inalco

Session 2: Wednesday October 20, 2021 – (18h00-20h00, [online] Special online session open to the international Master EPOG, Language : English)

  • Javier Meijia, Stanford University : « Social Networks and entrepreneurship: Evidence from the Atioquian Industrialization »
  • Speaker: Thibaud Deguilhem

Session 3: Wednesday October 27, 2021 – (18h00-20h00, [hybrid] Maison de la recherche Inalco, salle Sylvestre de Sacy (L2.05) and online)

  • Zhao Wei et Joël Ruet : « Modèle de croissance chinois post covid, une approche en termes de régulation »
  • Speaker: Xavier Richet (Université Paris 3)

Session 4: Wednesday November 17, 2021– (18h00-20h00, Maison de la recherche Inalco, salle Sylvestre de Sacy (L2.05) and online)

  • Sergei Guriev : « Structural challenges for the Russian economy »
  • Speaker: Julien Vercueil

Session 5: Wednesday November 24, 2021 – (18h00-20h00, [online only])

  • Natalia Bracarense (PhD in Economics, Associate Professor, North Central College) : « From petrodollar to energy-yuan: currency internationalization in the light of network effects »
  • Speaker: Thibaud Deguilhem

Session 6: Wednesday December 15, 2021 – (18h00-20h00, [online only])

  • Arun Kumar (JNU) : « Socio-economic trajectory of India in times of Covid-19 »
  • Speaker: Guilhem Fabre

Session 7: Wednesday January 12, 2022 – (18h00-20h00, [hybrid] Maison de la recherche Inalco, salle Sylvestre de Sacy (2.05) and online)

  • Sara Regragui et Eléonore Nantas : « impacts comparés de la BRI sur l’Afrique du Nord et l’Eurasie »
  • Speaker: Guilhem Fabre et Julien Vercueil

Session 8: Wednesday January 26, 2022 – (18h00-20h00, [online] Special online session open to the students of the international Master program EPOG)

  • Kirsten Eshnbruch (London School of Economics) : « Migrant in the Chilean labour Market: A story of Successful integration ? »
  • Speaker: Thibaud Deguilhem

Session 9: Wednesday February 9, 2022 – (18h00-20h00, work in progress)

Session 10: Wednesday March 6, 2022 – (18h00-20h00, work in progress)

Session 11: Wednesday March 16, 2022 – (18h00-20h00, work in progress)

Session 12: Wednesday April 6, 2022 – (18h00-20h00, work in progress)

Session 13: Wednesday April 20, 2022 – (18h00-20h00, work in progress)

Session 14: Wednesday May 18, 2022 – (18h00-20h00, work in progress)

Session 15: Wednesday June 1st, 2022 – (18h00-20h00, work in progress)

Session 16: Wednesday June 15, 2022 – (18h00-20h00, work in progress)

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BRICS seminar 2021-2022

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