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Yao Yang

Yao Yang

18 commentaries

Yao Yang is a professor at the China Center for Economic Research and Dean of the National School of Development at Peking University.

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

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

    The Open Secret of Development Economics

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

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

    China’s Modernization Ambitions

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

  4. SOS for China’s SOEs
    yao15_Kevin Frayer_Stringer_Getty Images_steelworker china Kevin Frayer/Stringer/Getty Images

    SOS for China’s SOEs

    Sep 22, 2016 Yao Yang calls for debt-equity swaps with the private sector to reduce state companies' non-performing loans.

  5. Graft or Growth in China?
    Liu Zhijun china railway minister Fan Rujun/ZumaPress

    Graft or Growth in China?

    May 4, 2015 Yao Yang believes that the benefits of rooting out corruption vastly outweigh the costs.

  1. sinn109_ DANIEL ROLANDAFP via Getty Images_financial crisis DANIEL ROLAND/AFP via Getty Images
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    Accounting for Casino Capitalism

    Hans-Werner Sinn draws parallels between recent bank collapses and the late-nineteenth-century “founders’ crash.”
  2. zadek25_ FABRICE COFFRINIAFP via Getty Images_creditsuisseUBS Fabrice Coffrini/AFP via Getty Images
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    Who Should Be Bailed Out Next?

    Simon Zadek urges rich-country governments to aid debt-distressed poor countries as urgently as they have their failing banks.
  3. callegari1_Getty Images_crowd population Getty Images
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    The Population Boon

    Beniamino Callegari & Per Espen Stoknes correct popular myths about the threat of demographic growth to sustainable development.
  4. songwe8_NIPAH DENNISAFP via Getty Images_ghana NIPAH DENNIS/AFP via Getty Images
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    Where Is the Global South’s Rescue Brigade?

    Vera Songwe decries the unequal responses to liquidity crises in Silicon Valley compared to the developing world.
  5. slaughter96_melitasGetty Images_cooperative melitas/Getty Images
    2

    Beyond Industrial Policy

    Anne-Marie Slaughter & Elizabeth Garlow

    The emerging breed of industrial policies, which emphasize production, fair wages, and localism, could serve as the basis for post-neoliberal economies. But to tackle the challenges of the twenty-first century and ensure a sustainable future, we need a policy framework that recognizes the value of human connection.

     make the case for an economic strategy that prioritizes shared prosperity over competition.
  6. afrasmussen17_TOFIK BABAYEVAFP via Getty Images_armeniaazerbaijanconflict Tofik Babayev/AFP via Getty Images
    1

    The Other Conflict on Europe’s Doorstep

    Anders Fogh Rasmussen warns that Azerbaijan may be preparing to renew its military aggression against neighboring Armenia.
  7. varoufakis101_Justin SullivanGetty Images_svb Justin Sullivan/Getty Images
    7

    Let the Banks Burn

    Yanis Varoufakis

    The banking system we take for granted is unfixable. The good news is that we no longer need to rely on any private, rent-seeking, socially destabilizing network of banks, at least not the way we have so far.

     shows why the current private system is unfixable – and why we don’t need to tolerate it anymore.
  8. roach151_ TIMOTHY A. CLARYAFP via Getty Images)_svb collapse TIMOTHY A. CLARY/AFP via Getty Images)
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    How China Benefits from Another US Banking Crisis

    Stephen S. Roach thinks America’s latest financial trouble will reinforce a narrative of terminal national decline.
  9. op_schell1_Andrea VerdelliGetty Images_xijinping Andrea Verdelli/Getty Images
    18

    Xi Jinping’s Chinese Tragedy

    Orville Schell interviewed by Irena Grudzińska Gross about the country's increasingly worrisome trajectory, both at home and abroad.

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