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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. tbunde7_Johannes SimonGetty Images_vance Johannes Simon/Getty Images
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    A Westless World

    Tobias Bunde reflects on this year's Munich Security Conference and America's break from the transatlantic alliance.
  2. broning14_Maja HitijGetty Images_merz Maja Hitij/Getty Images
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    Germany’s Last-Chance Election

    Michael Bröning

    With German voters clearly demanding comprehensive change, the far right has been capitalizing on the public's discontent and benefiting from broader global political trends. If the country's democratic parties cannot deliver, they may soon find that they are no longer the mainstream.

     explains why the outcome may decide whether the political “firewall” against the far right can hold.
  3. popescu6_ZinchenkoGlobal Images Ukraine via Getty Images)_ukrainepeace Zinchenko/Global Images Ukraine via Getty Images
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    The Only Path to Genuine Peace in Ukraine

    Nicu Popescu

    The Russian and (now) American vision of "peace" in Ukraine would be no peace at all. The immediate task for Europe is not only to navigate Donald’s Trump unilateral pursuit of a settlement, but also to ensure that any deal does not increase the likelihood of an even wider war.

     sees a Korea-style armistice with security guarantees as the only viable option in Ukraine.
  4. asakawa3_PoolGettyImages_hindu_kush_glacial_melt Pool/Getty Images
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    Meltdown at the Top of the World

    Masatsugu Asakawa urges development banks to act urgently to avert the catastrophic effects of the Himalayas’ thawing glaciers.
  5. frieda19_AnadoluGettyImages_russia_us_peace_talks Anadolu/Getty Images
    1

    The Economic Consequences of Trump’s Ukrainian Peace

    Gene Frieda

    Rather than engage in lengthy discussions to pry concessions from Russia, US President Donald Trump seems committed to giving the Kremlin whatever it wants to end the Ukraine war. But rewarding the aggressor and punishing the victim would amount to setting the stage for the next war.

     warns that by punishing the victim, the US is setting up Europe for another war.
  6. oneill128in McNameeGetty Images_trump Win McNamee/Getty Images
    2

    There Goes America

    Within his first month back in the White House, Donald Trump has upended US foreign policy and launched an all-out assault on the country’s constitutional order. With US institutions bowing or buckling as the administration takes executive power to unprecedented extremes, the establishment of an authoritarian regime cannot be ruled out.

  7. op_janeway18_DrAfter123Getty Images_AI DrAfter123/Getty Images
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    In AI We Trust?

    William H. Janeway

    The rapid advance of AI might create the illusion that we have created a form of algorithmic intelligence capable of understanding us as deeply as we understand one another. But these systems will always lack the essential qualities of human intelligence.

     explains why even cutting-edge innovations are not immune to the world’s inherent unpredictability.
  8. strain36_Michael M. SantiagoGettyImages_ny_stock_exchange Michael M. Santiago/Getty Images
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    How Trump Can Achieve Sustained Growth

    Michael R. Strain foresees the US president building on a strong economy, so long as he steers clear of populist policies.
  9. schwarzer9_Telmo PintoSOPA ImagesLightRocket via Getty Images_macronstarmer Telmo Pinto/SOPA Images/LightRocket via Getty Images
    1

    Europe Alone

    Daniela Schwarzer explains what the European Union must do now that America has walked away from the transatlantic relationship.

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