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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. fischer224_Chip SomodevillaGetty Images_trumpinauguration Chip Somodevilla/Getty Images
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    Trump at the Gates

    Joschka Fischer urges Europeans to recognize that they are now on their own in an increasingly dangerous world.
  2. stiglitz347_Kevin DietschGettyImages_bye_biden Kevin Dietsch/Getty Images
    1

    The End of Progress?

    Joseph E. Stiglitz

    Though the United States has long led the world in advancing basic science and technology, it is hard to see how this can continue under President Donald Trump and the country’s ascendant oligarchy. America’s rejection of Enlightenment values will have dire consequences.

     predicts that Donald Trump’s second administration will be defined by its rejection of Enlightenment values.
  3. varoufakis123_China PhotosGetty Images_chinayuandollar China Photos/Getty Images
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    China’s Trump Dilemma

    Yanis Varoufakis

    Will the China hawks in Donald Trump’s administration railroad him into a confrontation that transcends tariffs and embraces financial sanctions of the type the US and the European Union imposed on Russia? If they do, China's leaders will have to decide whether to decouple from the dollar-based international monetary system.

     thinks the real choice facing Chinese leaders may be whether to challenge the dollar's hegemony head-on.
  4. lamy10_Badru KatumbaGettyImages_jackfruit_farmer Badru Katumba/Getty Images
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    The Key to Narrowing the Development Gap

    Pascal Lamy, et al. explain how investments in African agri-food systems can advance many of the Sustainable Development Goals.
  5. galbraith39_rudall30Getty Images_businessmanforest rudall30/Getty Images
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    Economists’ Way Out of the Wilderness

    James K. Galbraith argues that the continued dominance of nineteenth-century thinking has resulted in a catalogue of failure.
  6. benami221_Justin SullivanGetty Images_trump Justin Sullivan/Getty Images
    1

    Trump the Revolutionary Isolationist

    Shlomo Ben-Ami hears echoes of the Monroe Doctrine in the US president's threats to acquire Greenland.
  7. hubbard4_Chen MengtongChina News ServiceVCG via Getty Images_scottbessent Chen Mengtong/China News Service/VCG via Getty Images
    2

    How the Trump Administration Can Hit Its Growth Target

    Glenn Hubbard urges policymakers to focus on the three pillars of increased productivity.
  8. oneill129_Saul LoebGettyImages_us_treasury Saul Loeb/Getty Images
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    Trump’s First Test Will Be the Bond Market

    Jim O'Neill wonders if recent market signals will keep the new administration’s radicalism in check.
  9. ahzhang19_Jaap ArriensNurPhoto via Getty Images_tiktok Jaap Arriens/NurPhoto via Getty Images
    3

    The TikTok Boomerang

    Angela Huyue Zhang thinks the US government's ban on the app has left it in an untenable position.

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