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Yu Yongding

Yu Yongding

Writing for PS since 2010
77 commentaries

Yu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, served on the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006. 

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  1. What the China Pessimists Are Getting Wrong
    yu77_CFOTOFuture Publishing via Getty Images_china consumption CFOTO/Future Publishing via Getty Images

    What the China Pessimists Are Getting Wrong

    May 21, 2024 Yu Yongding rejects gloomy narratives about the economy’s prospects and proposes ways to revive growth.

  2. Can China Reach Its 2024 Growth Target?
    yu76_STRAFP via Getty Images_china construction STR/AFP via Getty Images

    Can China Reach Its 2024 Growth Target?

    Apr 4, 2024 Yu Yongding argues that, beyond encouraging consumption, the government must ramp up spending on infrastructure this year.

  3. China’s Economic Prospects Are Brighter Than They Appear
    yu75_Jiang QimingChina News ServiceVCG via Getty Images_pboc Jiang Qiming/China News Service/VCG via Getty Images

    China’s Economic Prospects Are Brighter Than They Appear

    Jan 30, 2024 Yu Yongding sees room for more infrastructure investment, the government’s most effective tool to offset weak demand.

  4. Fixing China’s Real-Estate Sector
    yu74_JOHANNES EISELEAFP via Getty Images_ china real estate JOHANNES EISELE/AFP via Getty Images)

    Fixing China’s Real-Estate Sector

    Nov 30, 2023 Yu Yongding suggests three measures the government can take to address property developers’ deteriorating finances.

  5. China’s Policy-Induced Slowdown
    yu73_Jiang QimingChina News Service via Getty Images_PBOC Jiang Qiming/China News Service via Getty Images

    China’s Policy-Induced Slowdown

    Oct 3, 2023 Yu Yongding blames falling growth on overly conservative monetary and fiscal policies, not structural changes.

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  1. obstfeld4_Jabin BotsfordThe Washington Post via Getty Images_trumplighthizer Jabin Botsford/The Washington Post via Getty Images

    The Dangers of a US Capital Inflow Tax

    Maurice Obstfeld worries that a little-known, highly costly method of deficit reduction is gaining political traction.
  2. beaufils1_ Alain DENANTESGamma-Rapho via Getty Images_solar panels Alain DENANTES/Gamma-Rapho via Getty Images

    Europe’s Green Transition Requires More Skilled Workers

    Julie Beaufils urges policymakers to boost the attractiveness of technical vocations by expanding access to apprenticeships.
  3. volz8_iStock  Getty Images Plus_global finance iStock / Getty Images Plus
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    A Monetary and Economic Order Fit for the Twenty-First Century

    Ulrich Volz, et al. identify eight priorities to build a more resilient, inclusive, and sustainable global financial architecture.
  4. ghazouani1_YANICK FOLLYAFP via Getty Images_africachildren Yanick Folly/AFP via Getty Images

    Putting Africa on the Path to Prosperity

    Mohamed Ould Ghazouani & Ajay Banga urge the G7 to focus on the continent’s future, and on five priorities in particular, at this week’s summit.
  5. op_benami1_LOUAI BESHARAAFP via Getty Images_syriaconflict Louai Beshara/AFP via Getty Images

    Anatomy of a Massacre

    Shlomo Ben-Ami

    The 1860 massacre of Christians in Damascus holds useful lessons about what it takes to arrest – and recover from – inter-communal violence. But there is a difference between a pogrom and a genocide, and conflating the two can do more harm than good.

    considers what the 1860 massacre of Christians in Damascus can and cannot teach us about preventing genocide.
  6. GettyImages-2156649816 Photo by Nikolas Kokovlis/NurPhoto via Getty Images

    AI: Hope or Hype?

    Whether generative artificial intelligence will do more harm or good to our families, economies, and societies remains an open question. In devising strategies for harnessing the technology, optimism is undoubtedly warranted, but it should not come at the expense of realism.

  7. ehrenreich1_Francis DeanCorbis via Getty Images_denmark eu Francis Dean/Corbis via Getty Images

    How Denmark Keeps the Far Right at Bay

    Michael Ehrenreich explains how mainstream parties have neutralized the threat of right-wing populists.
  8. slobodian1_ Drew AngererGetty Images_peterthieltrump Drew Angerer/Getty Images

    How Techno-Libertarians Fell in Love with Big Government

    Quinn Slobodian argues Silicon Valley investors are against the state only insofar as it is not enriching them personally.
  9. gros187_CostfotoNurPhoto via Getty Images_china semiconductor Costfoto/NurPhoto via Getty Images

    How Chinese Savings Can Support the Global Green Transition

    Daniel Gros urges the EU to welcome cheap low-carbon goods, such as electric vehicles, from China.

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