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Yu Yongding

Yu Yongding

Writing for PS since 2010
79 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. China’s Economy Needs a Stimulus Package
    sheng131Jiang QimingChina News Service via Getty Images_pboc Jiang Qiming/China News Service via Getty Images

    China’s Economy Needs a Stimulus Package

    Oct 2, 2024 Yu Yongding urges policymakers to prevent prolonged stagnation by implementing expansionary monetary and fiscal policies.

  2. How to Reduce Chinese Overcapacity
    yu78_Kevin FrayerGetty Images_empty steel mill Kevin Frayer/Getty Images

    How to Reduce Chinese Overcapacity

    Jul 30, 2024 Yu Yongding thinks fiscal and monetary expansion could help address a controversial feature of China’s economy.

  3. 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.

  4. 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.

  5. 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.

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  1. iyer2_SIA KAMBOUAFP via Getty Images_malariavaccine Sia Kambou/AFP via Getty Images
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    Climate Displacement Is Also a Health Crisis

    Jayasree K. Iyer proposes a four-pronged strategy to ensure that essential medicines reach vulnerable populations.
  2. rogoff258_Fabrice CoffriniGettyImages_trump_at_davos Fabrice Coffrini/Getty Images
    1

    Europe in Trump’s Crosshairs

    Kenneth Rogoff

    US President Donald Trump’s return to the White House represents a grave threat to Europe’s security, economy, and clean-energy transition. The European Union’s top priority must be to find ways to reduce energy prices, even if it means recalibrating some of its green policies.

     urges EU policymakers not to allow the new US administration to distract them from key policy priorities.
  3. pistor39_Julia Demaree NikhinsonGettyImages_trump_inauguration_ceos Julia Demaree Nikhinson/Getty Images
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    The New Washington Consensus

    Katharina Pistor

    If a picture is worth a thousand words, the image of Big Tech founders and CEOs filling the front row at Donald Trump’s inauguration is a manifesto. We have just watched private business take over the US government in broad daylight, and history suggests that this won’t end well.

     sees no daylight remaining between US private business and the federal government.
  4. elaynaoui2_EYERUSALEM JIREGNAAFP via Getty Images_garmentproductionafrica Eyerusalem Jiregna/AFP via Getty Images
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    Economic Development after the Washington Consensus

    Karim El Aynaoui & Hinh T. Dinh propose a new policy framework adapted to an era that has rendered the prevailing growth model obsolete.
  5. GettyImages-1322520591
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    Yi Fuxian on China's decision-making, economic prospects, demographic crisis, and more

    Yi Fuxian warns that China's government and mainstream analysts are still underestimating the severity of the country's demographic crisis, identifies some of the gravest policy mistakes Donald Trump's administration is at risk of making vis-a-vis China, explains why China’s middle class will never be strong enough to bring about a democratic transition, and more.
  6. leonard106_ Andrew HarnikGetty Images_trump Andrew Harnik/Getty Images
    1

    Trump at Davos

    Mark Leonard

    Donald Trump’s return marks the start of an anti-Davos age, defined by the lack not only of a global order but also of any desire to create one. The world should expect deeper fragmentation and chaos in the face of unresolved crises and frequent disruptions.

     thinks there will be no return to the postwar global order of universally shared rules and institutions.
  7. krueger83_Sean GallupGettyImages_manmohan_singh Sean Gallup/Getty Images
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    Manmohan Singh and the Making of the Indian Miracle

    Anne O. Krueger highlights the qualities that enabled the late leader to transform his country and lift its global standing.
  8. mueller56_SOPA ImagesGettyImages_covid_prostest SOPA Images/Getty Images
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    Confronting the Pandemic’s Toxic Political Legacy

    Jan-Werner Mueller supports calls for countries to carry out independent inquiries into how the COVID-19 crisis was handled.
  9. james_Chip SomodevillaGetty Images_trump Chip Somodevilla/Getty Images
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    How Trump’s Anti-Globalism Could Backfire

    Harold James thinks the new administration's approach could jeopardize the foreign capital flows that America depends on.

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