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Yang Yao

Yang Yao

20 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. 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.

  2. 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.

  3. 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.

  4. 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.

  5. China’s Modernization Ambitions
    VCG via Getty Images VCG/VCG via Getty Images

    China’s Modernization Ambitions

    Feb 13, 2018 Yang Yao considers the key challenges confronting Xi Jinping's promise to build a “fully modern” economy by 2035.

  1. ghosh77_MANDEL NGANAFP via Getty Images_ajaybanga Mandel Ngan/AFP via Getty Images
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    The “Billions to Trillions” Charade

    Jayati Ghosh explains why using development banks' resources to incentivize private-sector finance is unlikely to succeed.
  2. aljasser1_SEYLLOUAFP via Getty Images_dakarairport Seyllou/AFP via Getty Images
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    Leveraging Islamic Finance for Sustainable and Resilient Infrastructure

    Muhammad Al Jasser shows how a hybrid financing model could help fund desperately needed projects in the developing world.
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    Adekeye Adebajo on the Non-Aligned Movement, United Nations peacekeeping, African institution-building, and more

    Adekeye Adebajo argues that Israel’s war in Gaza is accelerating the trend toward global apartheid, highlights the strengths and weaknesses of United Nations peacekeeping missions, criticizes the militarization of US engagement with Africa, and more.
  4. alemanno1_MARCEL VAN HOORNANPAFP via Getty Images_debate MARCEL VAN HOORN/ANP/AFP via Getty Images
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    Europe’s Non-European Elections

    Alberto Alemanno highlights structural flaws that impede the European Union’s ability to address its current and future challenges.
  5. almubarak1_In Pictures Ltd.Corbis via Getty Images_africawomancooking In Pictures Ltd./Corbis via Getty Images
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    A Turning Point for Clean Cooking

    Razan Khalifa Al Mubarak & Joseph Nganga

    The models are in place to achieve clean cooking for all, which would have enormous benefits for the climate, health, and gender equality. Now rich-country governments, the private sector, and international organizations must agree to provide the necessary funding at this week’s IEA Summit on Clean Cooking in Africa.

     urge global leaders to provide the financing to end a practice with dire effects for health and the climate.
  6. qxu2_VCGVCG via Getty Images_chinashipping VCG via Getty Images
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    Why the US Can’t Win the Trade War With China – and Shouldn’t Try

    Qiyuan Xu argues that high capital outflows – largely a result of US policy – have resulted in an undervalued renminbi.
  7. eichengreen190_Tomohiro OhsumiGetty Images_japanexchange Tomohiro Ohsumi/Getty Images
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    The Dilemmas of the Dollar

    Barry Eichengreen

    The dollar's strength, particularly against major Asian currencies, has triggered a wave of skittishness in financial markets. Can anything be done to stem the greenback's rise, and even if something can be done, should it?

     asks whether anything can or should be done about the greenback's strength, especially against Asian currencies.
  8. matola2_Per-Anders PetterssonGetty Images_malawi cooking Per-Anders Pettersson/Getty Images
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    Clean Cooking Advances Women’s Empowerment

    Rachel Ruto outlines a gender-based strategy for improving energy access and reducing air pollution in Africa.
  9. kirtondarling1_Andreas RentzGetty Images_european green new deal Andreas Rentz/Getty Images
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    There Can Be No Business as Usual for European Industry

    Judith Kirton-Darling urges EU leaders to make a renewed Green Deal, backed by competitiveness-bolstering initiatives, a top priority.

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