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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. zadek30_Jonas GratzerLightRocket via Getty Images_bioplastic Jonas Gratzer/LightRocket via Getty Images
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    Only a Sustainable Bioeconomy Can Save Us

    Simon Zadek argues that investing in biodiversity while the global economy continues to over-exploit resources is futile.
  2. stiglitz341_Celal GunesAnadolu Agency via Getty Images_IMF Celal Gunes/Anadolu Agency via Getty Images
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    The IMF Must End Its Destructive Surcharges

    Joseph E. Stiglitz, et al.

    The International Monetary Fund’s surcharge policy has led to an unseemly state of affairs: countries in financial distress have become the largest source of net revenue to the Fund in recent years. These surcharges must be eliminated or, at the very least, adjusted to reduce the excessive burden on highly indebted countries.

     decry the counterproductive practice of imposing additional fees on countries in debt distress.
  3. palacio161_FILIPPO MONTEFORTEAFP via Getty Images_europeLNG Filippo Monteforte/AFP via Getty Images
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    Conflict and Competitiveness in Europe

    Ana Palacio supports the EU reform agenda recently proposed by former Italian Prime Minister Mario Draghi.
  4. yi15_Kevin FrayerGetty Images_chinababy Kevin Frayer/Getty Images
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    China Shuts Down Its International-Adoption Machine

    Yi Fuxian

    When it comes to alleviating the severe demographic crisis that China faces, prohibiting international adoptions of Chinese children amounts to a mere drop in the bucket. Still, the government's decision to do so is significant, as it reflects a long-overdue recognition that people should not be viewed as a burden.

     welcomes the government's apparent recognition that a severe demographic crisis looms.
  5. anelson1_MARCO LONGARIAfpAFP via Getty Images_senegalelection Marco Longaria/AFP via Getty Images
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    From the Year of Elections to the Year of Governance

    Adam Nelson & Kristen Sample highlight five major challenges reformist governments must confront to minimize populist threats.
  6. berglof39_LUIS TATOAFP via Getty Images_africarenewableenergy Luis Tato/AFP via Getty Images
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    Africa’s Path to Green Prosperity

    Erik Berglöf highlights the potential that a young population and abundant renewable-energy resources represent.
  7. ghosh80_MUNIR UZ ZAMANAFP via Getty Images_plasticpollution Munir Uz Zaman/AFP via Getty Images
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    Saving the Planet from Plastics

    Jayati Ghosh explains why recycling alone is not enough to mitigate the health and climate effects of overproduction.
  8. bp trump harris debate Photo by Demetrius Freeman/The Washington Post via Getty Images
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    What Harris and Trump Will Do

    With less than two months to go until the US presidential election, the candidates’ opposing worldviews, objectives, and priorities – and their implications for international relations, the economy, and democracy – have come into sharper focus. While it is impossible to know exactly what a leader will do once in office, the contours of both a Donald Trump and a Kamala Harris presidency are remarkably well defined.

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    The Big Picture

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