China Economic Quarterly and China Economic Journal，the two journals of the China Center for Economic Research, have recently increased the prize for their Dr. Werner Jackstädt Best Paper Award for Chinese Economic and Business Studies into 5,000 Euro, after receiving more financial support from the Dr. Werner Jackstädt Foundation.
The Dr. Werner Jackstädt Best Paper Award for Chinese Economic and Business Studies is awarded annually to the best paper from China Economic Quarterly and from China Economic Journal, respectively. The two papers are voted out of the nominated papers from the yearly published papers by the editors-in-chief, executive editors, co-editors of the two journals and Professor Herrmann-Pillath from The East-West Centre for Business Studies and Cultural Science，'Frankfurt School of Finance and Management'.
The award is sponsored by the Dr. Werner Jackstädt Foundation, and supported by the East-West Centre for Business Studies and Cultural Studies in 'Frankfurt School of Finance and Management' in administration. Dr. Werner Jackstädt is a prominent entrepreneur who made great contributions to the post-war German Economic miracle. He started Dr. Werner Jackstädt Foundation with the aim of supporting and inspiring academic research.