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Yu Yongding

Yu Yongding

Writing for PS since 2010
78 commentaries

Yu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, served on the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006. 

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  1. How to Reduce Chinese Overcapacity
    yu78_Kevin FrayerGetty Images_empty steel mill Kevin Frayer/Getty Images

    How to Reduce Chinese Overcapacity

    Jul 30, 2024 Yu Yongding thinks fiscal and monetary expansion could help address a controversial feature of China’s economy.

  2. What the China Pessimists Are Getting Wrong
    yu77_CFOTOFuture Publishing via Getty Images_china consumption CFOTO/Future Publishing via Getty Images

    What the China Pessimists Are Getting Wrong

    May 21, 2024 Yu Yongding rejects gloomy narratives about the economy’s prospects and proposes ways to revive growth.

  3. Can China Reach Its 2024 Growth Target?
    yu76_STRAFP via Getty Images_china construction STR/AFP via Getty Images

    Can China Reach Its 2024 Growth Target?

    Apr 4, 2024 Yu Yongding argues that, beyond encouraging consumption, the government must ramp up spending on infrastructure this year.

  4. China’s Economic Prospects Are Brighter Than They Appear
    yu75_Jiang QimingChina News ServiceVCG via Getty Images_pboc Jiang Qiming/China News Service/VCG via Getty Images

    China’s Economic Prospects Are Brighter Than They Appear

    Jan 30, 2024 Yu Yongding sees room for more infrastructure investment, the government’s most effective tool to offset weak demand.

  5. Fixing China’s Real-Estate Sector
    yu74_JOHANNES EISELEAFP via Getty Images_ china real estate JOHANNES EISELE/AFP via Getty Images)

    Fixing China’s Real-Estate Sector

    Nov 30, 2023 Yu Yongding suggests three measures the government can take to address property developers’ deteriorating finances.

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  1. zadek30_Jonas GratzerLightRocket via Getty Images_bioplastic Jonas Gratzer/LightRocket via Getty Images
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    Only a Sustainable Bioeconomy Can Save Us

    Simon Zadek argues that investing in biodiversity while the global economy continues to over-exploit resources is futile.
  2. stiglitz341_Celal GunesAnadolu Agency via Getty Images_IMF Celal Gunes/Anadolu Agency via Getty Images
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    The IMF Must End Its Destructive Surcharges

    Joseph E. Stiglitz, et al.

    The International Monetary Fund’s surcharge policy has led to an unseemly state of affairs: countries in financial distress have become the largest source of net revenue to the Fund in recent years. These surcharges must be eliminated or, at the very least, adjusted to reduce the excessive burden on highly indebted countries.

     decry the counterproductive practice of imposing additional fees on countries in debt distress.
  3. palacio161_FILIPPO MONTEFORTEAFP via Getty Images_europeLNG Filippo Monteforte/AFP via Getty Images
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    Conflict and Competitiveness in Europe

    Ana Palacio supports the EU reform agenda recently proposed by former Italian Prime Minister Mario Draghi.
  4. yi15_Kevin FrayerGetty Images_chinababy Kevin Frayer/Getty Images
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    China Shuts Down Its International-Adoption Machine

    Yi Fuxian

    When it comes to alleviating the severe demographic crisis that China faces, prohibiting international adoptions of Chinese children amounts to a mere drop in the bucket. Still, the government's decision to do so is significant, as it reflects a long-overdue recognition that people should not be viewed as a burden.

     welcomes the government's apparent recognition that a severe demographic crisis looms.
  5. anelson1_MARCO LONGARIAfpAFP via Getty Images_senegalelection Marco Longaria/AFP via Getty Images
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    From the Year of Elections to the Year of Governance

    Adam Nelson & Kristen Sample highlight five major challenges reformist governments must confront to minimize populist threats.
  6. berglof39_LUIS TATOAFP via Getty Images_africarenewableenergy Luis Tato/AFP via Getty Images
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    Africa’s Path to Green Prosperity

    Erik Berglöf highlights the potential that a young population and abundant renewable-energy resources represent.
  7. ghosh80_MUNIR UZ ZAMANAFP via Getty Images_plasticpollution Munir Uz Zaman/AFP via Getty Images
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    Saving the Planet from Plastics

    Jayati Ghosh explains why recycling alone is not enough to mitigate the health and climate effects of overproduction.
  8. bp trump harris debate Photo by Demetrius Freeman/The Washington Post via Getty Images
    1

    What Harris and Trump Will Do

    With less than two months to go until the US presidential election, the candidates’ opposing worldviews, objectives, and priorities – and their implications for international relations, the economy, and democracy – have come into sharper focus. While it is impossible to know exactly what a leader will do once in office, the contours of both a Donald Trump and a Kamala Harris presidency are remarkably well defined.

  9. 0

    The Big Picture

    PS editors

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