Skip to main content

Yang Yao

Yang Yao

20 commentaries

Yang Yao is Liberal Arts Chair Professor at the China Center for Economic Research and the National School of Development at Peking University.

Sort by: Show:
  1. How to Tackle China’s Overcapacity Problem
    yao20_TATAN SYUFLANAPOOLAFP via Getty Images_yellenchina Tatan Syuflana/POOL/AFP via Getty Images

    How to Tackle China’s Overcapacity Problem

    Apr 10, 2024 Yang Yao argues that insufficient demand and the lack of a vibrant capital market mean savings must be invested abroad.

  2. Is the Chinese Miracle Over?
    yao19_PEDRO PARDOAFP via Getty Images_china real estate PEDRO PARDO/AFP via Getty Images

    Is the Chinese Miracle Over?

    Jan 4, 2024 Yang Yao argues that the economy’s weak recent performance is a temporary consequence of necessary policy interventions.

  3. Will the Ukraine War Ease US-China Tensions?
    yao18_ Jin MamengniXinhua via Getty Images_china us relations Jin Mamengni/Xinhua via Getty Images

    Will the Ukraine War Ease US-China Tensions?

    Apr 1, 2022 Yang Yao views the conflict as a potential turning point for the bilateral relationship, at least in the economic arena.

  4. The Open Secret of Development Economics
    yao17_STRAFPGetty Images_textileworkerchina STR/AFP/Getty Images

    The Open Secret of Development Economics

    Oct 22, 2019 Yang Yao points out that the playbook for climbing the income ladder has been known since the 1950s.

  5. China’s Modernization Ambitions
    VCG via Getty Images VCG/VCG via Getty Images

    China’s Modernization Ambitions

    Feb 13, 2018 Yang Yao considers the key challenges confronting Xi Jinping's promise to build a “fully modern” economy by 2035.

  1. bildt123_Shi KuanbingVCG via Getty Images_chinaEV Shi Kuanbing/VCG via Getty Images

    The Dangerous Retreat into Protectionism

    Carl Bildt warns that nothing good will come from a more deeply fragmented global economy.
  2. sonin5_Jakub PorzyckiNurPhoto via Getty Images_ukrainenato Jakub Porzycki/NurPhoto via Getty Images

    The Case for Ukraine’s NATO Accession

    Yuriy Gorodnichenko & Ilona Sologoub explain why giving in to the Kremlin’s nuclear blackmail could push the alliance into a death spiral.
  3. strain14_artificial intelligence drug development_ai Getty Images

    Don’t Believe the AI Hype

    Daron Acemoglu

    If you listen to tech industry leaders, business-sector forecasters, and much of the media, you may believe that recent advances in generative AI will soon bring extraordinary productivity benefits, revolutionizing life as we know it. Yet neither economic theory nor the data support such exuberant forecasts.

    finds nothing to support widely cited assessments of the technology’s near-term potential.
  4. yu77_CFOTOFuture Publishing via Getty Images_china consumption CFOTO/Future Publishing via Getty Images

    What the China Pessimists Are Getting Wrong

    Yu Yongding rejects gloomy narratives about the economy’s prospects and proposes ways to revive growth.
  5. adda1_ Nicholas KajobaXinhua via Getty Images_hbv Nicholas Kajoba/Xinhua via Getty Images

    A Big Step Forward for Liver Health

    Danjuma Adda explains how new hepatitis guidelines from the World Health Organization could reduce cancer deaths in Africa.
  6. khrushcheva181_ SERGEI BOBYLYOVPOOLAFP via Getty Images)_xi putin SERGEI BOBYLYOV/POOL/AFP via Getty Images

    The Fragile Fraternity of China and Russia

    Nina L. Khrushcheva

    Vladimir Putin’s recent state visit to Beijing – his first trip abroad since being inaugurated for a fifth term – was practically a mirror image of Mao Zedong’s visit to Moscow 75 years ago, when Stalin looked down on his guest. There is little reason to think that the bilateral relationship will prove more resilient this time.

    doubts that two countries with such diverging interests will be able to build a lasting partnership.
  7. subacchi41_ViaframeGetty Images_worldcrackingglobebreaking Viaframe/Getty Images

    The Global Economy Is More Vulnerable Than It Seems

    Bertrand Badré & Yves Tiberghien identify five factors driving a potentially catastrophic trend toward fragmentation.
  8. skidelsky201_Leon NealGetty Images_BOE Leon Neal/Getty Images

    The Myth of Central-Bank Independence

    Robert Skidelsky thinks the time has come to transfer power from technocrats back to elected officials.
  9. vaheesan2_Michael M. SantiagoGetty Images_gigworkersprotest Michael M. Santiago/Getty Images

    The Gig Economy vs. America’s Workers

    Sandeep Vaheesan warns that proposed ballot initiatives in Massachusetts would legalize exploitative employment practices.

Edit Newsletter Preferences

Set up Notification

To receive email updates regarding this {entity_type}, please enter your email below.

If you are not already registered, this will create a PS account for you. You should receive an activation email shortly.