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Yu Yongding

Yu Yongding

Writing for PS since 2010
80 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. Can America Maintain External Sustainability?
    yu80_Morris MacMatzenGettyImages_us_trade Morris MacMatzen/Getty Images

    Can America Maintain External Sustainability?

    Feb 28, 2025 Yu Yongding explains why demand for foreign capital inflows to offset the country’s savings shortfall may go unmet.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

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  1. muzikarova8_NurPhotoGettyImages_chip_manufacturing NurPhoto/Getty Images
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    America’s AI Iron Curtain

    Soňa Muzikárová explains how US export controls are harming allies and potentially helping Russia and China.
  2. hubbard5_SpencerPlattGettyImages_bessent_economic_club_of_new_york Spencer Platt/Getty Images
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    What Rebalancing the US Economy Really Requires

    Glenn Hubbard

    US Treasury Secretary Scott Bessent’s defense of President Donald Trump’s trade tariffs as a step toward “rebalancing” the US economy misses the point. While some economies, like China and Germany, need to increase domestic spending, the US needs to increase national saving.

     thinks US Treasury Secretary Scott Bessent is neglecting the need for spending cuts in major federal programs.
  3. rasoolayub1_Alex WongGettyImages_voa_building Alex Wong/Getty Images
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    America’s Voice No Longer Speaks for Democracy

    Heela Rasool-Ayub explains why authoritarians worldwide are celebrating Donald Trump’s renunciation of democratic advocacy.
  4. durostu1_Apu GomesGetty Images_LAfire Apu Gomes/Getty Images
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    Insurers Must Embrace Geospatial AI

    Pierre du Rostu touts the technology’s benefits for an industry that must shift its focus from paying claims to managing risk.
  5. gelfand4_Andrew HarnikGettyImages_trump_gesture Andrew Harnik/Getty Images
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    It’s Time to Abandon Trump’s Flawed Negotiation Playbook

    Michele Gelfand points out that the best dealmakers strive for win-win outcomes, not zero-sum Pyrrhic victories.
  6. bajraktari3_NICOLAS TUCATAFP via Getty Images_fusionreactor Nicolas Tucat/AFP via Getty Images
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    America’s Last Chance to Lead in Fusion Energy

    Ylli Bajraktari warns that China's domination of the sector would give it massive economic and geopolitical leverage.
  7. rogoff260_ STRAFP via Getty Images_chinarealestate STR/AFP via Getty Images
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    China Can’t Spend Its Way Out of Trouble

    Kenneth Rogoff

    China’s prolonged reliance on fiscal stimulus has distorted economic incentives, fueling a housing glut, a collapse in prices, and spiraling public debt. With further stimulus off the table, the only sustainable path is for the central government to relinquish more economic power to local governments and the private sector.

     argues that the country’s problems can be traced back to its response to the 2008 financial crisis.
  8. mohieldin33_Xie EXinhuaGettyImages_guterres_debt_report Xie E/Xinhua/Getty Images
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    This UN Debt Initiative Is Different

    Mahmoud Mohieldin, et al. tout an Expert Group’s efforts to prevent a full-blown solvency crisis in developing countries.
  9. fbirol4_UCGGettyImages_south_africa_power_grid UCG/Getty Images
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    What African Electrification Requires

    Fatih Birol & Alain Ebobissé highlight the need for greater private-sector participation to boost investments in power grids.

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