Former President, China Society of World Economics
Dec 23, 2013
At the recent Third Plenum of the Chinese Communist Party's Central Committee, China's leaders produced a 60-point "resolution" covering six areas. But a shopping list of reform objectives – many of which were not as bold or novel as promised – is inadequate to address the deep contradictions undermining China’s development.
Aug 08, 2013
Yu Yongding explains the implications of China’s slowing economic growth rate and attempts to preempt a rise in inflation.
Jun 10, 2013
China’s adjustment of its investment-income deficit for 2011 exposes flaws in economic growth, but hasn’t raised as much concern as it should. Two statistics account for China’s negative net investment-income, high return on foreign investment and China’s foreign assets are mostly US dollars. Without fundamental change, it is hard to imagine a sable Chinese economy in the long-term future.
Apr 04, 2013
The People's Bank of China has been pursuing capital-account liberalization at an increasing rate since 2009. But Chinese policymakers should recognize the significant risks inherent in relaxing capital controls – risks that imply the need for a more cautious approach.
Jan 30, 2012
The core of internationalization of the Chinese yuan, or renminbi, is liberalization of its capital account, as was revealed in China’s practices over the past
Aug 03, 2011
Even as the debt crises in Europe and the United States loom large and the global economic recovery falters, inflation is making a comeback worldwide. Indeed, e
Jun 01, 2011
Recently, HSBC bank released an upbeat survey predicting that China’s currency, the renminbi (RMB), will become one of three global settlement currencies (alon
Apr 03, 2011
BEIJING – Despite shaky economic fundamentals, US government securities are usually regarded as a safe haven. Whenever a crisis erupts, the value of US Treasur
Mar 31, 2011
Efforts should be made to establish a supranational currency as part of a new international financial order The start of the G20 meeting in Nanjing on Thursday
Feb 26, 2011
Before July 2007, most economists agreed that global imbalances were the most important threat to global growth. It was argued that the United States’ rising n