Chen Yu, male, born on March 7, 1939, Laoting, Hebei. A Chinese economist, graduated from the Economics Department of Beijing University in 1963.
Now, Professor Chen is the chairman of World New Economics Research Institute，Standing Vice Chairman of China International Exchange Association, Standing Vice Chairman of China International Economics Technology Law & Human Resources Association, Standing Vice Chairman of China International Investment Institute. More than 20 local governments engaged him as senior economic consultant, such as Wuxi City, Taizhou City, Daqing City, Liaocheng City, Haikou City, etc.
Meanwhile, he was invited as senior economic consultant by American Exchange and Development Center for Sino-U.S Economics Technology & Culture, Japan Zhushi Commercial Firm for China Economic Development, Canada Association for China Technology and Industrial, British Federal Authentication Ltd., as well as China Yaohua Glass Group.
Moreover, Mr. Chen works as guest professor for many colleges and universities, such as Beijing University, Ha’erbin Industrial University, etc.
In recent years, Professor Chen has been awarded “2005 China Top Ten Talent Elite” due to the establishment of Consumption Capitalization Theory; due to the presentation of an innovative pattern of economic growth, he was awarded 2006 “China highest strategizing award --- moving China top ten strategizing and innovating asset”. At the same time, he was awarded China modern thinking achievement award, world outstanding Chinese achievement award and was elected as world outstanding Chinese.
Research Field:
Economics theory, development of cities and enterprises
Main works:
The Econometric Theory of the planification of the Capitalist Economy，World Population Census，An English-Chinese Dictionary of International Finance and Trade，Consumers Also Can Be “Capitalists”— Consumption Capitalization Theory and its applications, Chinese and English edition and so on.
From 2003 to March 2006, Outlook, Financial Research, People, C-Thinking, Policy China, Theory Front, New Finance and Economics, and other magazines and media all have published articles concerning about Consumption Capitalization Theory.
During April to May 2006, Guangming Daily, Economic Daily, Ta Kung Pao, Economic Information Daily, Financial News and other more than 70newspapers, and Baidu,Finance,People,Xinhua,Sina,Guangming, Net of Beijing University, Net of Remin University,MBA home net, China z-s net and other more than 300 networks all thoroughly introduced and commented on Consumption Capitalization Theory.
The theoretic fruit of Professor Chen arouse great sensation and attention at home and abroad. From March 28th to 31st, 2005, Professor Chen attends to the 5th world economic meeting hold in Doha and the speech “consumption capitalization theory” was put into the file collection. In October 11th, 2007, Professor Chen was invited by Sloan School of Management, Massachusetts Institute of Technology to give a lecture on consumption capitalization theory. In the same year, as the chairman of Asia Australia Economic Cooperation Forum, he gave speech to Sydney University, New South Wales University and Australia Financier Institute on consumption capitalization theory and New Business Pattern. This is the first time for the Chinese economist to introduce the creative economic theory in developed country, which obtain highly estimate and reception.
In the year of 2007, together with Chinese Academy of Science famous experts, senior software experts of Beijing University of Aeronautics & Astronautics, Professor Chen exploit the first practical software for Knowledge Capital quantification around the world. In knowledge economy epoch, the exploitation and application of this software uncover the prologue of managerial science, which lead the Chinese enterprise to set foot on the road of the management of knowledge capital, thereby to become the outstanding one in the fierce market competition.
Academic thought:
Consumption Capitalization Theory is a new capital theory put forward, which breaks through the limitations of the traditional economic theories of the western countries. Its core is to extend consumption to the production field and operation field, and proved the process of consumption being changed to capital scientifically and pointed out that consumption therefore is investment. It is the first time to propose the new capital form “consumption capital” in the history of world Economic theories, and it promulgates the power of consumption and Consumption Capitalization with Complete theory system.
The put-forward of Consumption Capitalization Theory is the significant revolution of the economic development view of human society. Through a new point of view and thinking style, it analyzed that consumption is also the power to push the development of the economy just like production.
Consumption Capitalization Theory is also the milestone of capital theory. The significance of finding the new capital form of consumption capital to economics is no lighter than the discovery of periodic table to chemistry .Under the guidance of Consumption Capitalization Theory and the relevant theories，there will be great changes in human society. It will have great impacts on the economy and every aspect of the society, and promote the revolution of the economic system, it is the new theory to enlarge the domestic currency and realize full employment. It is the “economics for the poor”and also is a “whole rich”theory.It also will exert important effects to form a harmonious and wealthy society in China.
Consumption Capitalization Theory is the mark of the formation of the new market economy theory, and also is the mark of the formation of the new capital theory. It is the theoretic summation of the experience of Chinese market economy development. It is the originally created systematic theoretic innovation originated from the Chinese mainland, and also is a theoretic innovation of world level. It will also be written into the theoretic treasure house of world classic economics, just like other important theoretic fruits in the history.
