ECONOMIC ADVISOR
In meetings with Premier Zhu Rongji (dubbed in the 1990s "China's Economic Tsar") and then head of the Communist Party Propaganda Department Ding Guanggen.
Throughout China’s critical reform process Laurence Brahm served as an advisor on China’s state owned enterprise reforms, banking and foreign exchange policy, as well as critical media reforms during the 1990s. He is currently advisor to China’s Ministry of Environmental Protection working on a blueprint for “ecological civilization” and green growth policies aimed at reducing total carbon through renewable and efficient energy replacement, involving credit and fiscal levers.

In 2009 he was recognized by China’s Central Television as one of the “ten personalities contributing to China’s reform and opening,” and as the only non-Chinese in the group.
"10 Individuals Contributing to China's Reform and Opening" selected by China Central Television in 2008 to commemorate 30 years of opening and reform.
He oversaw major pilot state-owned enterprise restructurings that helped shape the policies for state-owned enterprise reform to be adopted by Premier Zhu Rongji in the late 1990s.

Served as central bank advisor to Vietnam and Laos during the transition from socialism to market economics in the early 1990s, and was responsible for blueprinting the financial reforms of these countries.

He strongly advised against “shock therapy,” and instead pioneered the approach of “sequenced” reforms adopted in many developing and transitional economies of Asia.

Laurence Brahm described China's reforms as "fusion economics" referring to Premier Zhu Rongji's unabashed combination of both planning and market in achieving pragmatic economic results. Brahm presented the idea of China having its own fusion economics model in a full page article published in Hong Kong's left newspaper Ta Kung Pao which explained the mechanics of Zhu Rongji's approach. Brahm articulated China's reforms as "managed marketization" to describe the use of administrative planning to push the old socialist system toward a socialist market, and coined the term "sequencing" to more clearly describe Deng Xiaoping's concept of "crossing the river one step at a time". The "sequencing" approach is totally counter-intuitive to the neo-liberal "shock therapy" approach that has failed in so many transitional economies.

In 1996 Brahm predicted China's rise to become the largest economy in the world in the book "China as No. 1". In 2014 the World Bank announced that China had achieved the status of the largest consumer economy surpassing the USA. In 2001 Brahm authored "China's Century" predicting the rise of China as a super economy. Premier Zhu Rongji personally authored the preface. In 2002 Brahm authored "Zhu Rongji: The Transformation of Modern China" which provides unique personal insight into the behind-the-scenes decision-making process during China's critical reform years, that Brahm was both witness and a part of.

CHINA'S CRITICLA REFORM YEARS (1990s-): SELECT MOMENTS

Brahm has been outspoken in encouraging the evolution of a "new financial architecture" as alternative to the World Bank and IMF calling for south-south cooperation. With China's current Vice President Li Yuanchao toasting announcement of the BRICS Development Bank being established in Shanghai and announcement of the Asia Infrastructure Investment Bank.

In discussions with Premier Zhu Rongji concerning "managed marketization" the approach of using administrative measures to push a socialist economy toward market through "sequencing."

Brahm was received by Wan Li, Chairman of China's National People's Congress in 1992. Wan Li was the reformist leader who oversaw the first experiments in the rural "self responsibility system" in 1980 that pioneered China's reforms toward market. Wan Li in 1992 stood alongside Deng Xiaoping as one of China's key reformist patriarchs.

With Wang Qishan in Zhongnanhai. Today Wang is one of China's five most powerful leaders on the CCP Standing Committee. Previously he was Zhu Rongji's right hand.

At the Great Hall of the People in Beijing with members of Zhu Rongji's cabinet: Commerce Minister Shi Guangsheng, Minister of the State Economy and Trade Commission Sheng Huaren, and Minister of News and Information Zhao Qizheng.

With then Vice Premier Zou Jiahua who in the early 1990s supervised all industrial ministries and planning.


Briefing Deng Pufang, son of reform leader Deng Xiaoping on policy concerns.


With Zhu Rongji's chief economic advisor Wu jinglian, at the World Economic. Forum in 1999 explaining the State-owned enterprise reforms underway.

With then China's central bank governor Dai Xianglong at Diaoyutai State Guest House, during the Asian Financial Crisis in 1997.

Briefing former US President Bill Clinton on Zhu Rongji's reforms.

Briefing former US President George Bush and wife Barbara on China reforms, accompanied by Constance Brahm (mother).

With wife Chen Kaiyan as guests on the rostrum at Tiananmen Square during China's 50th National Day Celebration.

With State Council Information and News Minister Zhao Qizheng at the Great Hall of the People 2001.

In Mao Zedong's private study within Zhongnanhai accompanied by Mao's former personal secretary.

With Guo Shuqing when he served as Chief of China's Foreign Exchange Bureau hiking the Great Wall.

In Hong Kong briefing former Australian Prime Minister Bob Hawke and former Fed Chairman Paul Volker on China's reforms.

At his summer residence beside the Great Wall of China together with (from left) former Premier Zhu Rongji's chief monetary policy advisor Li Jiange, then central bank governor Zhou Xiaochuan, current Minister of Finance Lou Jiwei, former Foreign Exchange Bureau chief Guo Shuqing, and then Central Military Commission member General Xiong Guangkai.