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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. basu107_JimWatsonGettyImages_steelworkers_trump1 Jim Watson/Getty Images

    What If Trump Keeps His Promises?

    Kaushik Basu warns that the president-elect’s proposed trade policies will erode America’s competitiveness.
  2. singer236_ohn SenterUCGUniversal Images Group via Getty Images)_trump harris ads John Senter/UCG/Universal Images Group via Getty Images)

    What Progressives Must Learn from Trump’s Campaign

    Peter Singer thinks one of the most important lessons is to uphold open debate and address hot-button issues head-on.
  3. eichengreen196_Sheng JiapengChina News ServiceVCG via Getty Images_brics Sheng Jiapeng/China News Service/VCG via Getty Images

    The BRICS Currency Charade

    Barry Eichengreen chronicles the latest vain attempt to create an alternative to the dollar-based international monetary system.
  4. elerian174_Michael M. SantiagoGetty Images_economy Michael M. Santiago/Getty Images

    Once Again, It Was the Economy, Stupid

    Mohamed A. El-Erian

    The economy played a critical role in the 2024 presidential race, creating the conditions not only for Donald Trump to trounce Kamala Harris, but also for a counter-elite to usher in a new power structure. Will the Democrats and “establishment” experts get the message?

    explains how and why Democrats failed to connect with US voters’ pocketbook realities.
  5. COP29 Accelerating the Transition to a Decarbonized Future Event Thumbnail

    PS Events: COP29 Live From Baku

    PS editors present the COP29 Live From Baku event.
  6. barfi27_MANDEL NGANAFP via Getty Images_trumpnetanyahu Mandel Ngan/AFP via Getty Images

    Trumpian Turmoil Is Coming to the Middle East

    Barak Barfi thinks that the regional leaders who are cheering now may soon be pining for a less capricious leader.
  7. galbraith38_MandelNganGettyImages_democrats_funeral Mandel Ngan/Getty Images

    The Democrats Committed Suicide This Year

    James K. Galbraith

    Kamala Harris lost to Donald Trump because she received around ten million fewer votes than Joe Biden did in 2020. The Democratic Party leadership was, at best, indifferent to the erosion of voting access, negligent in retaining newer voters, and proactive in marginalizing what remained of its left wing.

    thinks the party has only itself to blame for losing the 2024 election on low voter turnout.
  8. chellaney181_JAM STA ROSAAFP via Getty Images_south china JAM STA ROSA/AFP via Getty Images

    America Must Stand Up to Asia's Bully

    Brahma Chellaney urges Donald Trump’s incoming administration to push back against China’s aggressive expansionism.
  9. terzi6_green transition degrowth Getty Images

    Inclusive Finance Is the Key to Climate Action

    Sophie Sirtaine calls for COP29 to address the overlooked question of how to channel funds to vulnerable communities.

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