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Ma Hong

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Ma Hong
马洪
Born
Niu Renquan

(1920-05-13) 13 May 1920 (age 104)
Died28 October 2007(2007-10-28) (aged 87)
Beijing, China
OccupationEconomist
Academic background
Alma materYan'an Marxist Leninist College
Academic work
DisciplineEconomics
Sub-disciplineSocialist market economy
Chinese name
Traditional Chinese
Simplified Chinese
Transcriptions
Standard Mandarin
Hanyu PinyinMǎ Hóng
Niu Renquan
Traditional Chinese
Simplified Chinese
Transcriptions
Standard Mandarin
Hanyu PinyinNiú Rénquán

Ma Hong (simplified Chinese: 马洪; traditional Chinese: 馬洪; pinyin: Mǎ Hóng; May 18, 1920 – October 28, 2007) was a well known economist and was chiefly responsible for the reintroduction of market economics to China. He also pioneered Policy Consultation and chaired a government think tank.

Early life

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Ma was born in Dingxiang County, Shanxi, China, on 18 May 1920. Ma Hong took part in Ximenghui in 1936, an organization of resistance against the Japanese. The following year he was involved in the organization of the General Trade Union of Tongpu Railroad, and in that same year joined the Chinese Communist Party (CCP). In 1938, he went to Yan'an, then the CCP revolutionary base area, and won Chen Yun's (Minister of Organization) favor. As a result, he was admitted into the Central Party School of the Chinese Communist Party. After graduation in 1941 Ma Hong was assigned to be a researcher in the CCP's Central Research Institute, laying the foundations of his later economic knowledge. He was transferred the CCP's Northeast Bureau to be the director of the Policy Research Office in 1949. Through investigation Ma Hong wrote "The Structure and Policy of the Northeastern Economy", and divided it into five sectors. This method was long employed by the Chinese government. In 1952 Ma Hong was promoted to the post of General Secretary of the National Planning Committee of the Central Government.[citation needed]

During the Gao-Rau Incident, Ma Hong was purged and demoted. He came to work in the National Economic Committee and was involved in the drafting of the "70 Industrial Regulations", which helped China recover from the Great Leap Forward. After co-composing the regulations Ma Hong wrote the "Management of Chinese Manufacturing Enterprises", which became the compass of industrial management at that time.[citation needed]

Later years

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In 1978 Ma Hong's career rebounded and he founded the Industrial Economic Institute, becoming its director. He then became the president of the Chinese Academy of Social Sciences and Deputy General Secretary of the State Council of the People's Republic of China. In 1984, at his suggestion, "the notion of a socialistic commercial economy was written into the CPC's list of doctrines."[This quote needs a citation] Ma Hong founded the State Council Development Research Centre, the first of its kind. Late in his career he warned the government of impending inflation, but the government chose to ignore his advice to its detriment.[citation needed]

Ma Hong has published more than 10 books in Chinese; New Strategy of Chinese Economic Development has been translated and edited by Fengbo Zhang and was published in Japan in 1985. His writings have been widely publicized, and in 2005 he won the Outstanding Economist Prize. On October 28, 2007, he died of Parkinson's disease.[citation needed]

References

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Academic offices
Preceded by President of the Chinese Academy of Social Sciences
1982–1985
Succeeded by