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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. buchholz23_UCGGettyImages_ozempic_wegovy UCG/Getty Images
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    America’s “HIP” Economy

    Todd G. Buchholz sees developments and breakthroughs in health, information, and power as grounds for optimism.
  2. velasco157_Robert GauthierLos Angeles Times via Getty Images_USborder Robert Gauthier/Los Angeles Times via Getty Images
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    Where Have All the Flowers Gone?

    Andrés Velasco reflects on the tragic fate of the country that took him in as a teenage refugee from Augusto Pinochet's Chile.
  3. chellaney185_Charly TriballeauGettyImages_unga_russia_ukraine_vote Charly Triballeau/Getty Images
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    The Global Divide Over the Ukraine War

    Brahma Chellaney urges all parties to adopt a realistic approach to a deadlocked conflict and negotiate accordingly.
  4. benami223_Picture AllianceGettyImages_merz_kyiv Picture Alliance/Getty Images
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    Europe Confronts the Ghosts of History

    Shlomo Ben-Ami highlights just how profound a transformation European – especially German – rearmament represents.
  5. basu110_Joe RaedleGetty Images_UScanadatariffs Joe Raedle/Getty Images
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    Trump’s Self-Inflicted Trade Disaster

    Kaushik Basu

    US President Donald Trump’s import tariffs have triggered a wave of retaliatory measures, setting off a trade war with key partners and raising fears of a global downturn. But while Trump’s protectionism and erratic policy shifts could have far-reaching implications, the greatest victim is likely to be the United States itself.

     warns that the new administration’s protectionism resembles the strategy many developing countries once tried.
  6. pistor40_INA FASSBENDERAFP via Getty Images_merz Ina Fassbender/AFP via Getty Images
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    The End of Germany’s Economic Delusions?

    Katharina Pistor

    It took a pandemic and the threat of war to get Germany to dispense with the two taboos – against debt and monetary financing of budgets – that have strangled its governments for decades. Now, it must join the rest of Europe in offering a positive vision of self-sufficiency and an “anti-fascist economic policy.”

     welcomes the apparent departure from two policy taboos that have strangled the country's investment.
  7. eichengreen201_Spencer PlattGettyImages_jay_powell Spencer Platt/Getty Images
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    The Fed, the Fund, and the Bank in Trump’s Crosshairs

    Barry Eichengreen explains why the US president’s second administration, unlike his first, is targeting all three.
  8. gros196_NurPhotoGettyImages_von_der_leyen_zelensky NurPhoto/Getty Images
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    Europe Can Easily Safeguard Ukraine

    Daniel Gros points out that the EU, the UK, and Norway have all they need to keep Russia at bay, without help from the US.
  9. roubini193_iamginimaGetty Images_northamericatrade imaginima/Getty Images
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    Toward a North American Economic Union

    Nouriel Roubini explains why Canada, Mexico, and the United States should pursue EU-style integration.

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