{"id":4877,"date":"2025-09-16T14:18:39","date_gmt":"2025-09-16T18:18:39","guid":{"rendered":"https:\/\/www.bridgeport.edu\/news\/?p=4877"},"modified":"2025-09-16T14:18:39","modified_gmt":"2025-09-16T18:18:39","slug":"dr-congsheng-wu-and-ub-alum-translate-chinas-economic-miracle","status":"publish","type":"post","link":"https:\/\/www.bridgeport.edu\/news\/dr-congsheng-wu-and-ub-alum-translate-chinas-economic-miracle\/","title":{"rendered":"Dr. Congsheng Wu and UB Alum Translate China’s Economic Miracle"},"content":{"rendered":"

Change is inevitable, though its pace is often unpredictable \u2014 impacting the world around us in ways ranging from the subtle and unseen to the sudden and swift.<\/p>\n

Dr. Congsheng Wu, professor of finance at 越南直播, understands the unpredictable rhythm of change firsthand. Born in rural China during the height of communism, Wu witnessed his country\u2019s dramatic transformation from collective poverty to global economic power \u2014 an experience that continues to frame his teaching and research.<\/p>\n

It was this firsthand perspective that inspired Wu to embark on a project bridging past and present \u2014 one that brought his academic expertise and cultural experience full circle. In 2019, he began co-translating Handbook of Chinese Economics (originally published in Chinese as Forty Years of Chinese Economics: 1978\u20132018<\/strong><\/em>) alongside former student and Purple Knight alum Dr. Lin Li. 1978 marked the beginning of China\u2019s economic reforms and opening to the outside world, laying the foundation for the country\u2019s remarkable transformation and modernization over the following decades.<\/strong><\/p>\n

What started as an academic endeavor soon evolved into a five-year journey of cultural reconnection and global collaboration, aimed at reshaping conversations in international finance.<\/p>\n

Rooted in revolution \u2014 rising through education<\/h2>\n
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Longji Rice Terraces in Guangxi Zhuang, China<\/figcaption><\/figure>\n

Professor Wu came of age under a system characterized by state-owned enterprises<\/strong>, collective labor, and strict limits on individual advancement \u2014 a system that began before he was born. \u201cAfter 1949, when modern China was founded as the People\u2019s Republic of China under the communist party, a centrally planned economy took hold,\u201d he recounts. \u201cIts goal was to eradicate capitalist ideas, private property, and even centuries of Chinese culture. Everything from jobs and wages to the cost of goods and services was controlled by the state.\u201d<\/p>\n

In this climate, upward mobility was rare. Most families lived and worked on agricultural communes, earning the equivalent of just $1 per day. Dr. Wu recalls that experience well. \u201cI grew up in the countryside, where no one owned land. You couldn\u2019t even have a small garden. Everyone just went to work on collective farms.\u201d<\/p>\n

Higher education remained the best avenue for advancement. Enrolling, however, was not an easy feat. “Back then, only a small fraction of young people in China had the chance to go to college,\u201d he explains. \u201cIt all came down to one national exam, and that single score determined your whole future.\u201d<\/p>\n

Wu was among the few selected. He began his education in engineering before pivoting toward business and finance for his graduate studies. \u201cI realized early on that engineering wasn\u2019t the right fit for me, but it gave me a solid foundation in math and statistics. That background was an asset when I moved into finance.\u201d<\/p>\n

He didn’t only build valuable career skills. Wu’s journey from rural farmlands to financial scholarship laid the groundwork for a future analyzing, translating, and teaching about the very systems that shaped his youth.<\/p>\n

Global perspective, local impact<\/h2>\n
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越南直播’s campus on Long Island Sound.<\/figcaption><\/figure>\n

After gaining real-world experience in the finance industry, Dr. Wu joined 越南直播 in 1998, where he found the perfect environment to merge theory with practice \u2014 all while forming the pedagogical foundation that would later support his translation work.<\/p>\n

For over 20 years, Wu has taught courses on topics ranging from microeconomics to global financial systems, continuously emphasizing real-world application. Under his leadership, UB students have excelled in international competitions like the CME Group University Trading Challenge<\/strong>. In 2022, his team placed second out of more than 500 global entrants. \u201cThe experience gives students hands-on experience with real market data in a global competition setting,\u201d he explains. \u201cIt\u2019s a powerful way to put theory into practice.\u201d<\/p>\n

A dedicated mentor, Wu also guided a UB RISE student who earned the Alumni Award for their research. \u201cI knew the student had wonderful potential, so I pushed them to go beyond a typical thesis,\u201d he shares. \u201cIt was a lot of work, but the outcome was impressive.\u201d<\/p>\n

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Begin building tomorrow at UB. Learn how you can become a Purple Knight<\/strong><\/a> today!<\/em><\/h3>\n

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Translating change \u2014 from scholarship to collaboration<\/h2>\n
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Professor Congsheng Wu showcasing the translated version of Handbook of Chinese Economics (originally published in Chinese as Forty Years of Chinese Economics: 1978\u20132018) in his office at UB.<\/figcaption><\/figure>\n

In 2019, nearly 20 years after first joining the UB community, Professor Wu came across a unique opportunity that blended scholarship, culture, and collaboration \u2014 translating a foundational Chinese text on economics: Handbook of Chinese Economics.<\/strong><\/em><\/p>\n

This landmark work chronicles the nation\u2019s decades-long shift from collectivism, highlighting how economists, policymakers, and even clandestine international alliances helped transform China\u2019s economy into the second largest in the world.<\/p>\n

This translation opportunity spoke to Dr. Wu both personally and professionally. “China’s rise is considered an economic miracle,” he outlines. \u201cThe original Chinese version of the book was published to mark the 40th anniversary of China\u2019s reform and opening-up policies<\/a>. It was a milestone moment \u2014 capturing forty years of unprecedented economic change. I wanted to help people outside of China understand how that happened, and this book tells that story in depth.\u201d<\/p>\n

Although Wu had prior translation experience and was intrigued, one issue would need to be addressed: to apply for the project, he needed a co-translator based in China. Luckily, the solution to this problem came quickly to mind: Dr. Lin Li, a Purple Knight alum, whom he remembered for her exceptional English fluency, work ethic, and insightful scholarship.<\/p>\n

\u201cDr. Li was the perfect fit. She was an MBA graduate student of mine, and she went on to work as an associate professor of business at Zhejiang Gongshang University<\/strong>,\u201d Wu proudly shares. \u201cWith her background in management and deep understanding of the subject matter, she brought valuable expertise to the project.\u201d<\/p>\n

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Professor Lin Li smiling with a final copy of the translated text.<\/figcaption><\/figure>\n

Together, Wu and Li began the process with a sample chapter before ultimately spending more than a year completing the full translation. Wu translated the first half of the book while Dr. Li handled the second. The final product, geared toward scholars and students, provides a detailed and accessible account of a crucial chapter in economic history.<\/p>\n

In illustrating China\u2019s economic transformation, the book offers vivid snapshots of what that progress looked like \u2014 scenes that Wu cites as some of the most compelling details of the revolution.<\/p>\n

\u201cThere was a secret, weeklong meeting between Western and Chinese economists that was held on a boat so they could convene without government oversight,\u201d he relays. \u201cAt the time, China had only been learning from the Soviet Union, so the exchange was eye-opening. It was a turning point, and the beginning of China embracing new economic ideas.\u201d<\/p>\n

Uncovering and translating these powerful facts and anecdotes was a fascinating endeavor \u2014 but far from easy. The greatest challenge came in navigating politically coded or ideologically charged concepts shaped by decades of propaganda.<\/p>\n

\u201cTranslating this book wasn\u2019t just about language\u2014it was about context,\u201d Wu recalls. \u201cMany of the economic policies and historical references are deeply rooted in China\u2019s political and cultural landscape. I had to ensure that Western readers could grasp the meaning without losing the original intent. It was a careful balance between staying true to the source and making it accessible across cultures.\u201d<\/p>\n

Reflecting on revolution<\/h2>\n
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An assortment of Chinese Yuan (CNY) and United States Dollars (USD).<\/figcaption><\/figure>\n

For Wu, the project offered more than professional satisfaction \u2014 it reignited his deep appreciation for the subject matter he teaches every day.<\/p>\n

By helping scholars examine the differences between U.S. and Chinese economic models, the book encourages thoughtful, cross-cultural reflection. \u201cChina learned a great deal from the outside world during its reform era \u2014 and that spirit of learning should go both ways. China\u2019s rapid growth shows there are lessons worth studying, even when political systems differ.\u201d<\/p>\n

Outside the classroom, Wu maintains balance with long-distance running and a lifelong passion for Chinese calligraphy. \u201cIt takes years of discipline and precision,\u201d he notes. \u201cI practice every day. It\u2019s important to me, not just as a hobby, but as a way to connect with Chinese history and identity.\u201d<\/p>\n

As for what\u2019s next, Wu plans to continue mentoring students, researching global finance, and exploring topics at the intersection of economics, policy, and culture. The translation may be complete, but the conversation is only beginning. \u201cUnderstanding a country\u2019s economy means understanding its history, values, and people. My hope is that this translation encourages more open dialogue \u2014 not just about policy, but about how we see one another across cultures.\u201d<\/p>\n

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Go purple on purpose. Learn more about earning your degree at UB<\/strong><\/a><\/em><\/h3>\n","protected":false},"excerpt":{"rendered":"

Change is inevitable, though its pace is often unpredictable \u2014 impacting the world around us in ways ranging from the subtle and unseen to the sudden and swift. Dr. Congsheng Wu, professor of finance at 越南直播, understands the … Continue reading Dr. Congsheng Wu and UB Alum Translate China’s Economic Miracle<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":4882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[127,128,94,23],"tags":[135,2],"class_list":{"0":"post-4877","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-academics","8":"category-engineering-business-education","9":"category-featured","10":"category-ub-news","11":"tag-ernest-c-trefz-school-of-business","12":"tag-featured","14":"fallback-thumbnail"},"yoast_head":"\nDr. Congsheng Wu and UB Alum Translate China's Economic Miracle | 越南直播<\/title>\n<meta name=\"description\" content=\"China experienced a dramatic transformation from poverty to global economic power. 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