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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. aslund80_Natalia KolesnikovaGettyImages_russia_inflation Natalia Kolesnikova/Getty Images

    Putin’s War Is Fueling Russian Stagflation

    Anders Åslund thinks a weakening economy will soon become a serious constraint on Vladimir Putin’s war machine.
  2. aghion10_Laurence DuttonGettyImages_ai_jobs Laurence Dutton/Getty Images

    What AI Means for Growth and Jobs

    Philippe Aghion, et al. think the technology has great potential to boost productivity without harming employment.
  3. elerian176_Dan KitwoodGetty Images_bankofengland Dan Kitwood/Getty Images

    Shock-Proofing the UK Economy

    Mohamed A. El-Erian

    No country wants external developments to drive up its borrowing costs and weaken its currency, which is what the UK is facing today, together with serious cyclical and structural challenges. But if the British government responds appropriately, recent market volatility might turn out to have a silver lining.

    urges the government to communicate better what it is doing to boost resilient growth – and to do more.
  4. drchowdhury3_Shen HongXinhua via Getty Images_modixi Shen Hong/Xinhua via Getty Images

    As Trump Returns, Sino-Indian Relations Are Changing

    Debasish Roy Chowdhury explains why one of America’s key allies is hedging its bets amid escalating global tensions.
  5. GettyImages-1275420781

    Ricardo Hausmann on immigration, climate finance, economic complexity, and more

    Ricardo Hausmann urges the US to issue more H1-B visas, argues that Europe must become a military superpower in its own right, applies the “growth diagnostics” framework to Venezuela, and more.
  6. chellaney183_Hector RetmalGettyImages_wuhan_institute_of_virology Hector Retmal/Getty Images

    Will Trump Crack the Mystery of COVID’s Origin?

    Brahma Chellaney urges the incoming US administration to tighten rules governing risky “gain-of-function” research.
  7. berjon1_NurPhotoGettyImages_bluesky

    Social Media as It Should Be

    Robin Berjon explains how the Bluesky model could restore the original promise of the internet.
  8. bildt131_EMIL STACHRitzau ScanpixAFP via Getty Images_trumpgreenland Emil Stach/Ritzau Scanpix/AFP via Getty Images

    Trump’s Greenland Grab

    Carl Bildt

    Now that Donald Trump is returning to the White House, he believes that it is an “absolute necessity” for the United States to have “ownership and control” of Greenland. But as an autonomous Danish territory where the US military already operates, Greenland has no reason to abandon its current political arrangement.

    explains why the US president-elect's threats to seize the Danish territory are so dangerous.
  9. haass176_ Brandon BellGetty Images_biden Brandon Bell/Getty Images

    Joe Biden’s Disappearing Legacy

    Richard Haass thinks the outgoing US president got some big things mostly right and some big things mostly wrong.

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