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Yang Yao

Yang Yao

21 commentaries

Yang Yao is Liberal Arts Chair Professor at the China Center for Economic Research and the National School of Development at Peking University.

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  1. An Easy Solution to the EU-China Tariff Dispute
    yao21_Zhang PengLightRocket via Getty Image_ev charging Zhang Peng/LightRocket via Getty Images

    An Easy Solution to the EU-China Tariff Dispute

    Jul 1, 2024 Yang Yao urges Chinese leaders not to retaliate against the bloc’s duties, which are unlikely to hinder EV sales there.

  2. How to Tackle China’s Overcapacity Problem
    yao20_TATAN SYUFLANAPOOLAFP via Getty Images_yellenchina Tatan Syuflana/POOL/AFP via Getty Images

    How to Tackle China’s Overcapacity Problem

    Apr 10, 2024 Yang Yao argues that insufficient demand and the lack of a vibrant capital market mean savings must be invested abroad.

  3. Is the Chinese Miracle Over?
    yao19_PEDRO PARDOAFP via Getty Images_china real estate PEDRO PARDO/AFP via Getty Images

    Is the Chinese Miracle Over?

    Jan 4, 2024 Yang Yao argues that the economy’s weak recent performance is a temporary consequence of necessary policy interventions.

  4. Will the Ukraine War Ease US-China Tensions?
    yao18_ Jin MamengniXinhua via Getty Images_china us relations Jin Mamengni/Xinhua via Getty Images

    Will the Ukraine War Ease US-China Tensions?

    Apr 1, 2022 Yang Yao views the conflict as a potential turning point for the bilateral relationship, at least in the economic arena.

  5. The Open Secret of Development Economics
    yao17_STRAFPGetty Images_textileworkerchina STR/AFP/Getty Images

    The Open Secret of Development Economics

    Oct 22, 2019 Yang Yao points out that the playbook for climbing the income ladder has been known since the 1950s.

  1. aslund80_Natalia KolesnikovaGettyImages_russia_inflation Natalia Kolesnikova/Getty Images

    Putin’s War Is Fueling Russian Stagflation

    Anders Åslund thinks a weakening economy will soon become a serious constraint on Vladimir Putin’s war machine.
  2. aghion10_Laurence DuttonGettyImages_ai_jobs Laurence Dutton/Getty Images

    What AI Means for Growth and Jobs

    Philippe Aghion, et al. think the technology has great potential to boost productivity without harming employment.
  3. elerian176_Dan KitwoodGetty Images_bankofengland Dan Kitwood/Getty Images

    Shock-Proofing the UK Economy

    Mohamed A. El-Erian

    No country wants external developments to drive up its borrowing costs and weaken its currency, which is what the UK is facing today, together with serious cyclical and structural challenges. But if the British government responds appropriately, recent market volatility might turn out to have a silver lining.

    urges the government to communicate better what it is doing to boost resilient growth – and to do more.
  4. drchowdhury3_Shen HongXinhua via Getty Images_modixi Shen Hong/Xinhua via Getty Images

    As Trump Returns, Sino-Indian Relations Are Changing

    Debasish Roy Chowdhury explains why one of America’s key allies is hedging its bets amid escalating global tensions.
  5. GettyImages-1275420781

    Ricardo Hausmann on immigration, climate finance, economic complexity, and more

    Ricardo Hausmann urges the US to issue more H1-B visas, argues that Europe must become a military superpower in its own right, applies the “growth diagnostics” framework to Venezuela, and more.
  6. chellaney183_Hector RetmalGettyImages_wuhan_institute_of_virology Hector Retmal/Getty Images

    Will Trump Crack the Mystery of COVID’s Origin?

    Brahma Chellaney urges the incoming US administration to tighten rules governing risky “gain-of-function” research.
  7. berjon1_NurPhotoGettyImages_bluesky

    Social Media as It Should Be

    Robin Berjon explains how the Bluesky model could restore the original promise of the internet.
  8. bildt131_EMIL STACHRitzau ScanpixAFP via Getty Images_trumpgreenland Emil Stach/Ritzau Scanpix/AFP via Getty Images

    Trump’s Greenland Grab

    Carl Bildt

    Now that Donald Trump is returning to the White House, he believes that it is an “absolute necessity” for the United States to have “ownership and control” of Greenland. But as an autonomous Danish territory where the US military already operates, Greenland has no reason to abandon its current political arrangement.

    explains why the US president-elect's threats to seize the Danish territory are so dangerous.
  9. haass176_ Brandon BellGetty Images_biden Brandon Bell/Getty Images

    Joe Biden’s Disappearing Legacy

    Richard Haass thinks the outgoing US president got some big things mostly right and some big things mostly wrong.

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