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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. brown118_Wakil KohsarGettyImages_afghan_girls_school Wakil Kohsar/Getty Images
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    The Internal Challenge to Afghanistan’s Ban on Girls’ Secondary Education

    Gordon Brown explains why the country’s leadership crisis represents an opportunity to end gender apartheid.
  2. jmccarthy1_CRISTINA ALDEHUELAAFP via Getty Images_cocoaghana Cristina Aldehuela/AFP via Getty Images
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    Central Banks Must Stem the Nature Crisis

    Julie McCarthy urges monetary authorities to use their tools to mitigate the financial risks of environmental disruption.
  3. dudley1_Justin TallisGettyImages_tether Justin Tallis/Getty Images
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    The US Needs Stablecoin Legislation Now

    Bill Dudley

    Without a robust regulatory framework that incentivizes stablecoin issuers to register in the United States, stablecoin activity will migrate to countries with weaker rules, increasing the likelihood of financial instability. Fortunately, the US can still head off these risks and reap the technology’s benefits.

     explains why lawmakers need to move quickly to establish US leadership in digital assets and payments.
  4. krueger85_Justin SullivanGetty Images_UScarstrade Justin Sullivan/Getty Images
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    Tariff Man Doubles Down

    Anne O. Krueger warns that the Trump administration’s trade restrictions will harm the very industries they aim to protect.
  5. lachman3_Charly TriballeauGettyImages_us_economy_eggs Charly Triballeau/Getty Images
    4

    America Looks Like a Troubled Emerging-Market Economy

    Desmond Lachman

    Under US President Donald Trump’s erratic rule, the United States is now exhibiting all the symptoms, from high import tariffs and fiscal deficits, to oligarchy and flagrant corruption. Worse, the fallout cannot be confined to the US, and no multilateral bailout or structural adjustment plan can mitigate the damage.

     lists the symptoms, from tariffs and massive public debt, to oligarchy and flagrant conflicts of interest.
  6. fofack29_eric1513Getty Images_dedollarization eric1513/Getty Images
    1

    Will Trump Destroy the Dollar’s Primacy?

    Within its first two months, President Donald Trump’s second administration has attacked US institutions, alienated trade partners and allies, decimated consumer and investor confidence, and sent the stock market plummeting. Can the dollar’s status as the world’s leading reserve currency – and the extraordinary advantages this affords the US economy – withstand the onslaught?

  7. moyo32_Anton PetrusGettyImages_ai_money Anton Petrus/Getty Images
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    Will AI Mean Higher Taxes?

    Dambisa Moyo warns business leaders that automation-driven efficiency gains may come with hidden long-term costs.
  8. gbrowne1_Thomas SamsonGettyImages_fossil_fuel_non_proliferation_treaty Thomas Samson/Getty Images
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    A Defining Moment for Energy Security and Economic Prosperity

    Gaston Browne points out that the energy transition is vital not only to protect the planet, but also to enhance resilience.
  9. norrlof10_Picture AllianceGettyImages_lng_terminal_baltic_sea Picture Alliance/Getty Images
    2

    How Much “Weaponization” Can the Global Economy Take?

    Carla Norrlöf worries that major powers’ understandable reliance on economic coercion will go too far.

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