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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. deryugina2_ANATOLII STEPANOVAFP via Getty Images_ukraine ANATOLII STEPANOV/AFP via Getty Images

    Trump’s Best Hope for Peace Is to Support Ukraine

    Tatyana Deryugina, et al. warn that trying to appease Putin could cast the American president-elect as a modern-day Neville Chamberlain.
  2. picture alliance/Getty Images

    Should Ukraine Have Nuclear Weapons?

    Slavoj Žižek dismisses the idea that firing Western missiles at Russian targets represents a dangerous escalation.
  3. fischer122_NurPhotoGettyImages_berlin_wall_35th_leaders1 NurPhoto/Getty Images

    The End of the Liberal West

    Joschka Fischer considers what Donald Trump’s return to the White House will mean for Europe and the post-war world order.
  4. op_disparte1_SadikDemirozGetty Images_digitaldollar FREDERIC J. BROWN/AFP via Getty Images

    Trump’s Inflationary Triple Threat

    Maurice Obstfeld

    Contrary to the claims of techno-libertarians like Elon Musk, independent central banks have a decades-long record of successfully controlling inflation. Yet, as the Federal Reserve’s credibility and oversight capabilities become more critical than ever, US President-elect Donald Trump’s policies threaten to undermine them.

    warns that the incoming administration’s agenda would weaken the Fed and destabilize the financial system.
  5. BP trump china MARK RALSTON/AFP via Getty Images

    What Will Trump Do About China?

    US President-elect Donald Trump campaigned on a promise to take a confrontational approach to China, with tariffs as his weapon of choice. But unless his administration adopts a measured approach, his plans may end up harming American businesses and consumers, undermining US democracy, or even leading to military confrontation.

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    The Big Picture

  7. karman1_getty images_cooperation Getty Images

    Human Progress in the Trump Era

    Tawakkol Karman, et al. propose ways to foster a culture of cooperation at a time of rising conflict and democratic erosion.
  8. frankel166_JemalCountessGettyImages_national_debt Jemal Countess/Getty Images

    Elon Musk’s $2 Trillion Fiscal Fantasy

    Jeffrey Frankel dives into the incoming US administration’s absurd claim that fresh tax cuts will not increase the deficit.
  9. buchholz21_getty images_us china Getty Images

    The Deal Trump Should Offer China

    Todd G. Buchholz proposes that the incoming US administration push for a debt write-off and market access instead of tariffs.

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