Yao Yang is Director of the China Center for Economic Research and Professor of Economics at Beijing University, and Deputy Dean of the National School of Development. The editor of China Economic Quarterly, his research and policy work focuses on economic development and institutional change in China.
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Yao Yang
Commentaries by Yao Yang
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Couple’s Counseling for the US and China
BEIJING – China has undoubtedly benefited from the world system created and supported by the United States. Indeed, Richard Nixon’s journey …
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China’s Growing Growth Risks
BEIJING – If everything goes right for China, it will surpass the United States as the world’s largest economy, in current dollar terms (and…
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Europe on a Chinese Shoestring
BEIJING – Will China help to rescue the euro, or not? In August, Premier Wen Jiabao said that China was ready to assist Europe in its hour o…
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China’s Crippled Financial Sector
BEIJING – Even in the best of times, it is difficult for China’s small and medium-size enterprises to get bank loans. But with the current r…
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China’s $3.2 Trillion Headache
BEIJING – While the downgrade of United States government debt by Standard & Poor’s shocked global financial markets, China has more rea…
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When Will China’s Economy Overtake America’s?
BEIJING – Is China poised to surpass the United States to become the world’s largest economy? The International Monetary Fund recently predi…
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China Should Import Deflation
BEIJING – With China’s inflation – and inflation expectations – rising, how can price stability be maintained without threatening the countr…
Couple’s Counseling for the US and China
Tenzin Namdhak: well this is definitely interestinng in the sense that now in the global recession China has become savior to the world. Certainly there seems a flaws in the way the model with lots of assumption that…
Couple’s Counseling for the US and China
Christopher T. Mahoney: "financial capitalism forces a country into unsustainable indebtedness." That's a new one! It is true that huge debt capacity can lure a country into excessive indebtedness (Japan, US). But is there…