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Yu Yongding

Yu Yongding

Writing for PS since 2010
78 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. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

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  1. almubarak2_Leisa TylerLightRocket via Getty Images_kwazulu natal Leisa Tyler/LightRocket via Getty Images
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    Financing Nature

    Razan Khalifa Al Mubarak & Bogolo Kenewendo propose ways to unlock more public and private capital for investments in preserving and restoring the planet.
  2. galbraith36_STRNurPhoto via Getty Images_krugman STR/NurPhoto via Getty Images
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    Inflation Shamanism

    James K. Galbraith marvels at the Federal Reserve's ability to win praise for positive outcomes it did not cause.
  3. bildt127_ROMAN PILIPEYAFP via Getty Images_ukrainewar Roman Pilipey/AFP via Getty Images
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    Where Is the War in Ukraine Heading?

    Carl Bildt argues that while neither side can attain victory, peace remains plausible if certain conditions are met.
  4. rodrik212_Stephen MaturenGetty Images_biden Stephen Maturen/Getty Images
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    What Kind of Industrial Policy Works?

    After a decades-long love affair with laissez-faire policies, many governments – notably in developed countries – are increasingly seeking to shape their economies through tariffs, subsidies, public procurement, and more. But not all industrial policies are created equal, and understanding their nuances and limitations is critical to their success.

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    The Big Picture

    PS editors
  6. jyu3_ADEK BERRYAFP via Getty Images_cpc ADEK BERRY/AFP via Getty Images
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    How China Is Preparing for America’s Next President

    Yu Jie assesses Chinese efforts to prevent deteriorating bilateral relations from hindering economic growth.
  7. haldar7_Kent Nishimura Los Angeles Times via Getty Images_abortion rights Kent Nishimura / Los Angeles Times via Getty Images
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    Abortion and Reproductive Rights Are Economic Issues

    Laura Tyson

    Too often, the press and voters treat abortion, and reproductive rights more broadly, as well as other “family” issues – like child tax credits, paid family leave policies and affordable childcare – as somehow different from economic issues. But they are not.

     shows why abortion, childcare, and parental leave are not merely “family” issues.
  8. davila3_ David McNewGetty Images_maritime shipping David McNew/Getty Images
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    Put a Price on Shipping Emissions

    Shania Scotland calls on small island countries to back a proposed levy on maritime greenhouse-gas emissions.
  9. patten169_EVARISTO SAAFP via Getty Images_twitter EVARISTO SA/AFP via Getty Images
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    The New Threat to Free Speech

    Chris Patten highlights governments’ struggle to manage online extremism while upholding a fundamental right.

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