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P.H. Yu

P.H. Yu

2 commentaries

P.H. Yu is Chairman of the Council of the Institute of New Structural Economics at Peking University.

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  1. America Must Face Reality on China
    trump xi jinping shake hands JIM WATSON/AFP/Getty Images

    America Must Face Reality on China

    Jan 17, 2019 P.H. Yu explains why the two countries' economic rivalry and political disagreements need not lead to catastrophe.

  2. China Won’t Wait
    A worker welds a scaffolding in front of the headquarters of the Agricultural Bank of China JOHANNES EISELE/AFP/Getty Images

    China Won’t Wait

    May 7, 2018 P.H. Yu argues that the survival of the existing international order depends on the West's willingness to reform it.

  1. prasad20_Richard Baker In Pictures via Getty Images_UKeconomy Richard Baker/In Pictures via Getty Images
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    The Global Recovery Winds Down

    Eswar Prasad warns that the darkening outlook for the world economy reflects significant challenges ahead.
  2. rajan79_Karol SerewisSOPA ImagesLightRocket via Getty Images_poundsterling Karol Serewis/SOPA Images/LightRocket via Getty Images
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    Where Has All the Liquidity Gone?

    Raghuram G. Rajan & Viral Acharya show that years of quantitative easing have left financial markets deeply dependent on easy money.
  3. soll2_Chris J RatcliffeGetty Images_liztruss Chris J Ratcliffe/Getty Images
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    Britannia Deranged

    Jacob Soll explores UK Prime Minister Liz Truss’s 2012 manifesto and its incoherent vision of capitalism.
  4. singer210_ JEAN-FRANCOIS MONIERAFP via Getty Images_monkeysexperimentslab Jean-Francois Monier/AFP via Getty Images
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    Research Ethics and Non-Human Subjects

    Peter Singer highlights an appalling recent article that Springer Nature should retract under its new guidance for authors.
  5. rogoff229_Dean MouhtaropoulosGetty Images_chesscarlsen Dean Mouhtaropoulos/Getty Images
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    How to Settle the Great Chess Cheating Scandal

    Kenneth Rogoff explains how a suspiciously successful young upstart can prove that he is for real.
  6. moyo23_Michael M. SantiagoGetty Images_us inflation Michael M. Santiago/Getty Images
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    Why Deglobalization Makes US Inflation Worse

    Dambisa Moyo laments that today’s inflationary surge has not elicited a coordinated global response.
  7. op_fuest1_ INA FASSBENDERAFP via Getty Images_electricity Ina Fassbender/AFP via Getty Images
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    How to Tax Energy Companies’ Windfall Profits

    Clemens Fuest & Axel Ockenfels

    Given the complexities of modern markets, economies, and legal regimes, new levies on energy companies will always run into implementation problems. To prevent supply shortages and other disastrous unintended consequences, policymakers must proceed with caution and coordinate across borders.

     consider the underappreciated difficulties of implementing new levies without creating unwanted side effects.
  8. GettyImages-1243621433 ALEXANDER NEMENOV / Contributor via Getty Images
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    Is Putin in Peril?

    From alternate-reality annexations to fresh nuclear threats, Russian President Vladimir Putin seems more desperate than ever to project an image of strength after a string of battlefield defeats. As Ukrainian forces advance on Russian-occupied territories and hundreds of thousands of draft-age Russian men flee the Kremlin’s “partial mobilization,” we asked PS commentators to assess his prospects.

  9. coyle27_Leon NealGetty Images_liz truss Leon Neal/Getty Images
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    Liz Truss’s Backward Vision of the Future

    Diane Coyle argues that the new UK government will never cure what ails the British economy by living in the past.

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