Miao Yanliang

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Miao Yanliang, a member of the China Finance 40 forum, is an adjunct professor at Peking University’s National School of Development.

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The Dilemma of Central Banking
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The Dilemma of Central Banking

Jan 7, 2020 Miao Yanliang & Yanliang Miao explains the dilemma facing monetary policymakers when interest rates get stuck at or near the zero-lower bound.

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China’s Quiet Central Banking Revolution
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China’s Quiet Central Banking Revolution

Mar 6, 2019 Miao Yanliang welcomes the Chinese central bank's more open communication and increasingly flexible exchange-rate regime.

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The Right Way to Rebalance Trade
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The Right Way to Rebalance Trade

Jan 22, 2019 Zhu Min & Miao Yanliang show why China’s multilateral view is the only way to ensure sustainable long-term growth.

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The Coronavirus Is a Disease of Chinese Autocracy

Minxin Pei

When China’s leaders finally declare victory against the outbreak of the new and deadly coronavirus, they will undoubtedly credit the Communist Party of China's leadership. But the truth is just the opposite: the party is again responsible for this calamity.

Explaining the Triumph of Trump’s Economic Recklessness

Jean Pisani-Ferry

The Trump administration’s economic policy is a strange cocktail: one part populist trade protectionism and industrial interventionism; one part classic Republican tax cuts skewed to the rich and industry-friendly deregulation; and one part Keynesian fiscal and monetary stimulus. But it's the Keynesian part that delivers the kick.