Dr Shan’s autobiography, Out of the Gobi: My Story of China and America, is a memoir of his life as a young student in Beijing witnessing the upheaval of the cultural revolution. At the age of 15 he volunteered to serve as a farm labourer and was sent to a camp in the Gobi Desert. Throughout years of harsh physical labour toiling up to 15 hours a day in the fields, the teenage Shan read voraciously, including teaching himself English. Finally, he resumed his education first in China and then becoming one of the first PRC students to study abroad. Dr Shan earned an MBA from the University of San Francisco and a doctorate in business from Berkeley.
The economic narrative coming out of Beijing is the idea of two circulations, but what will that mean for the global economy?