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Commentaries by Yukon Huang

Yukon Huang

Senior Associate, Carnegie Endowment

Mr. Huang is a senior associate at the Carnegie Endowment and a former World Bank Country Director for China. This note draws on his forthcoming book to be published by Oxford University Press entitled “Cracking the China Conundrum.”
  • Mar 28 , 2018

    Currently, China’s economy appears to be doing well regarding key indicators, but the longer-term risks may not be what many believe. The key question is how China will resolve the contradiction highlighted in official statements that the market should play the “decisive” role in allocating resources while the state should play the “leading” role in the economy.

  • Aug 07 , 2017

    In the near-term, the trigger for increased China-U.S. tensions might be foreign policy-related, for example, a hardening of positions on North Korea or a maritime incident. Or it could come from the U.S. taking more punitive economic measures.

  • Nov 23 , 2016

    There is little evidence that an undervalued renminbi played a major role in driving China’s trade surpluses over the past decade. Likewise, a causal relationship between the U.S. trade deficits and China’s surplus has been assumed that is not true. Structural shifts, not an undervalued exchange rate, were the major factors driving China’s export capabilities. However, political systems need to find ways to address local interests without giving up the benefits that globalization can bring.

  • Feb 07 , 2013

    While many wonder if Xi Jinping will be a reformer in the mode of Deng Xiaoping, Yukon Huang writes China's regional decentralization of political power will expedite reforms and lead to more representative local elections.

  • May 23 , 2011

    China's economic performance is a subject of heated debate. Admirers see in China a country which has been growing at double digits and has lifted 500 milli

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