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Yu Yongding

Yu Yongding

Writing for PS since 2010
76 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 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.

  2. 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.

  3. Fixing China’s Real-Estate Sector
    yu74_JOHANNES EISELEAFP via Getty Images_ china real estate JOHANNES EISELE/AFP via Getty Images)

    Fixing China’s Real-Estate Sector

    Nov 30, 2023 Yu Yongding suggests three measures the government can take to address property developers’ deteriorating finances.

  4. China’s Policy-Induced Slowdown
    yu73_Jiang QimingChina News Service via Getty Images_PBOC Jiang Qiming/China News Service via Getty Images

    China’s Policy-Induced Slowdown

    Oct 3, 2023 Yu Yongding blames falling growth on overly conservative monetary and fiscal policies, not structural changes.

  5. China’s Response to Decoupling
    yu72_Justin SullivanGetty Image_chinashippingcontainers Justin Sullivan/Getty Images

    China’s Response to Decoupling

    Jun 28, 2023 Yu Yongding takes aim at Chinese and Western leaders who are tempted by the idea of economic decoupling.

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  1. carstens5_Getty Images_finternet Getty Images
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    The Rise of the Finternet

    Agustín Carstens & Nandan Nilekani foresee a world in which cheap, secure, and near-instantaneous financial transactions are available to all.
  2. rodrik222_Kevin FrayerGetty Images_china solar panel Kevin Frayer/Getty Images
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    Don’t Fret About Green Subsidies

    Dani Rodrik sees no good argument against industrial policies that accelerate growth in decarbonization industries.
  3. gros186_Sean GallupGetty Images_euro Sean Gallup/Getty Images
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    Europe’s Geoeconomic Competitiveness Challenge

    Daniel Gros highlights the security risks raised by the prolonged decline of the EU’s relative economic power.
  4. op_ang1_retrorocketGetty Images_corruption retrorocket/Getty Images
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    How Exceptional Is China’s Crony-Capitalist Boom?

    Yuen Yuen Ang

    While both the American and Chinese Gilded Ages raised material standards of living for hundreds of millions of people, their endemic corruption produced radically unequal and unsustainable growth. Ultimately, both periods offer cautionary tales about unbridled crony capitalism, not models for blind emulation.

     explains how corruption both drove the country's GDP growth and sowed the seeds for its current economic problems.
  5. bp india election Photo by SAJJAD HUSSAIN/AFP via Getty Images
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    Will India’s Election Destroy Its Democracy?

    Since taking power in 2014, Prime Minister Narendra Modi and his ruling Bharatiya Janata Party have stoked Hindu nationalism, hollowed out India’s democracy, and overseen an economy that is probably performing far worse than official figures suggest. And yet Modi and the BJP are genuinely popular, making them likely – though not certain – to emerge victorious when the ongoing parliamentary election concludes in June.

  6. benami213_YEHUDA RAIZNERAFP via Getty Images_israelflag Yehuda Raizner/AFP via Getty Images
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    The Unbearable Lightness of Anti-Zionism

    Shlomo Ben-Ami warns that demonizing all Israelis will only make peace less likely – though that may be the point.
  7. alfredsdottir1_Getty Images_pay gap Getty Images
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    How to Close the Gender Wage Gap

    Lilja Dögg Alfreðsdóttir argues that Iceland’s experience lends further support to Nobel laureate economist Claudia Goldin’s research.
  8. brown107_Jeff J Mitchell - Pool Getty Images_covidvaccine Jeff J. Mitchell/Pool/Getty Images
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    Getting the Pandemic Treaty Across the Finish Line

    Gordon Brown hopes negotiations will conclude this month, and pushes back on a last-minute wave of misinformation.
  9. singer231_Michael M. SantiagoGetty Images_college protests Michael M. Santiago/Getty Images
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    When Is Criticism of Israel Anti-Semitic?

    Peter Singer rejects comparisons of the recent US campus protests to the actions of Nazi student groups in the 1930s.

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