Yao Yang
Yao Yang is Director of the China Center for Economic Research and Dean of the National School of Development, Peking University.
Yao Yang is Director of the China Center for Economic Research and Dean of the National School of Development, Peking University.
China's government has made corporate-sector deleveraging a major goal for 2016, but its state-owned enterprises are still holding far too much debt. The government should now turn to the private sect… read more
China’s anti-corruption campaign has been widely touted as a key component of the deep structural reforms that the country needs to continue its development. But, in a country where government officia… read more
In his speech at the 2015 World Economic Forum meeting in Davos, Chinese Premier Li Keqiang acknowledged that China’s economy is facing strong headwinds. Can Chinese leaders make good on Li's pledge t… read more
China’s economy is, at long last, undergoing a rebalancing, with growth rates having declined from more than 10% before 2008 to roughly 7.5% today. If this is China’s "new normal," it would still be t… read more
With growth in China's real-estate prices easing, it seems that the government’s campaign to rein in property risk is finally taking hold. The danger now is that the housing market will collapse – bri… read more
The US Federal Reserve’s move to exit from quantitative easing is stoking fears of a hard economic landing in China. But China’s strong economic fundamentals mean that policymakers have the space to a… read more
The Chinese Communist Party has released the final document of the Third Plenum of the 18th Central Committee. The document is as notable for what it leaves out – political and governance reforms – a… read more
China’s leaders seem to understand what is wrong with their country's economy. But, despite well-intentioned statements and narrow gestures, they have yet to establish a concrete, bold reform strategy… read more
China’s inadequate intellectual-property protection, exchange-rate policy, and support for state-owned companies has damaged its relations with the US. But the real problems in the China-US relationsh… read more
