
Yi Fuxian
Senior Scientist at University of Wisconsin-Madison
Jul 07, 2025
China’s economy today bears an unsettling resemblance to Japan’s in the 1990s, when the collapse of a housing bubble led to prolonged stagnation. But Japan’s “lost decades” were not the inevitable result of irreversible trends; they reflected policy blunders, rooted in a flawed understanding of the challenges the economy faced. Will Chinese policymakers make the same mistakes?
May 27, 2024
In March, Chinese Premier Li Qiang announced an ambitious economic growth target of 5% for 2024. In a subsequent commentary, former World Bank chief economist Justin Yifu Lin endorsed the government’s target, predicting that China’s economy will grow at an average annual rate of 5-6% over the coming decade before slowing to 3-4% between 2036 and 2050.
May 13, 2011
On April 28, 2011, the National Bureau of Statistics hosted a press conference to release key figures from the 6th National Census. These figures have shocked a