Lawrence J. Lau

Lawrence J. Lau

Lawrence J. Lau is the Ralph and Claire Landau Professor of Economics at the Chinese University of Hong Kong, and the Kwoh-Ting Li Professor in Economic Development, emeritus, at Stanford University. He served as vice-chancellor and president of the Chinese University from 2004 to 2010, and chairman of CIC International (Hong Kong) from 2010 to 2014.

Latest from Lawrence J. Lau

Opinion | As China’s Communist Party turns 100, has it delivered what the people want?

Not only has the party helped transform China into a moderately prosperous society, it has delivered public goods – from raising the literacy rate to boosting life expectancy. With the wealth gap growing, the focus should now be on boosting the incomes of those who are not yet rich.

Not only has the party helped transform China into a moderately prosperous society, it has delivered public goods – from raising the literacy rate to boosting life expectancy. With the wealth gap growing, the focus should now be on boosting the incomes of those who are not yet rich.

1 Jul 2021 - 9:15AM
The View | How Hong Kong can reboot its economy amid the devastation of coronavirus and social unrest

The government must invest in projects employing local labour, to turn around public sentiment. Hong Kong can’t afford to wait for the free market to act, or for tourists to return. Other priorities include housing and the Greater Bay Area.

The government must invest in projects employing local labour, to turn around public sentiment. Hong Kong can’t afford to wait for the free market to act, or for tourists to return. Other priorities include housing and the Greater Bay Area.

2 Jan 2021 - 7:35AM
Opinion | How the world can be better prepared for the next pandemic, and keep economic globalisation alive

Economic isolation is not the answer to a public health problem. Better ways must be found to manage supplies of essential goods, a public health response and cross-border travel during a pandemic.

Economic isolation is not the answer to a public health problem. Better ways must be found to manage supplies of essential goods, a public health response and cross-border travel during a pandemic.

21 Mar 2020 - 5:03AM
Opinion | Life after Covid-19: how we travel, socialise and form economic supply chains must change for good

Once the epidemic is successfully controlled in China, the government should impose strict quarantine measures on incoming visitors to prevent a second wave of infection. Globally, health declarations should in future be required of all travellers, while economies must begin to diversify their sources of goods and services.

Once the epidemic is successfully controlled in China, the government should impose strict quarantine measures on incoming visitors to prevent a second wave of infection. Globally, health declarations should in future be required of all travellers, while economies must begin to diversify their sources of goods and services.

3 Mar 2020 - 6:30AM
Opinion | Where closing borders will fail, good hygiene and personal vigilance will help us check the coronavirus outbreak

The key is to stop the transmission by as-yet-unidentified infected people to others. And the best way to do that is if all members of the public take the necessary precautions by avoiding close contact with others and practising good hygiene.

The key is to stop the transmission by as-yet-unidentified infected people to others. And the best way to do that is if all members of the public take the necessary precautions by avoiding close contact with others and practising good hygiene.

14 Feb 2020 - 6:23PM
Opinion | US-China tech war may lead to global decoupling of supply chains – but there’s a silver lining

The tech war is prompting Chinese firms to look for or develop alternative sources of hi-tech components themselves. This will make global supply chains more secure. The world might also benefit from two independent but mutually compatible 5G systems.

The tech war is prompting Chinese firms to look for or develop alternative sources of hi-tech components themselves. This will make global supply chains more secure. The world might also benefit from two independent but mutually compatible 5G systems.

17 Feb 2020 - 2:53PM
The View | Currency manipulation? The US may have more to answer for than China

China has an increasingly balanced current account and a stable currency – none of which points to currency manipulation, whereas the US has arguably used quantitative easing to keep the dollar weak.

China has an increasingly balanced current account and a stable currency – none of which points to currency manipulation, whereas the US has arguably used quantitative easing to keep the dollar weak.

22 Aug 2019 - 2:00AM
Opinion | Hong Kong must pull back from the abyss and avoid a bloody ending or it may never recover

Hong Kong must not play into the hands of those who want it to burn, as it could lose its status as a financial centre and slip into a devastating recession, shunned by mainlanders and the international business community.

Hong Kong must not play into the hands of those who want it to burn, as it could lose its status as a financial centre and slip into a devastating recession, shunned by mainlanders and the international business community.

9 Aug 2019 - 9:03AM
Opinion | Neither violence, nor Beijing, can fix Hong Kong’s housing shortage and lack of a social safety net

Many Hongkongers have lost out due to economic changes, and many have deep-seated distrust of mainland China. The Hong Kong government must first address their financial insecurities, before it can work on fostering a sense of Chinese identity.

Many Hongkongers have lost out due to economic changes, and many have deep-seated distrust of mainland China. The Hong Kong government must first address their financial insecurities, before it can work on fostering a sense of Chinese identity.

30 Jul 2019 - 9:06AM
Opinion | How China can shrug off the impact of the US trade war on its economy and improve the lives of its citizens

China can stomach the cost to its GDP of even all its exports to the US being halted if it takes steps to boost domestic demand. Investment in public goods such as environmental protection, education and health care could serve this purpose.

China can stomach the cost to its GDP of even all its exports to the US being halted if it takes steps to boost domestic demand. Investment in public goods such as environmental protection, education and health care could serve this purpose.

24 May 2019 - 5:39AM
Opinion | Behind the US-China trade war lies a competition for dominance and a rising tide of protectionism

The competition between the world’s two largest economies doesn’t have to be a zero-sum game, while isolationist sentiment, particularly in the US, can be stemmed with a redistributive tax system.

The competition between the world’s two largest economies doesn’t have to be a zero-sum game, while isolationist sentiment, particularly in the US, can be stemmed with a redistributive tax system.

17 Aug 2018 - 6:12AM
If the US-China trade war escalates, how will the Chinese economy respond? Here are the numbers

China can weather the effects of a trade war with the US, even if imports of the products the US is targeting with its tariffs halt completely. The result would mean only a marginal drop in annual economic growth, and China is unlikely to take the drastic step of severely devaluing its currency.

China can weather the effects of a trade war with the US, even if imports of the products the US is targeting with its tariffs halt completely. The result would mean only a marginal drop in annual economic growth, and China is unlikely to take the drastic step of severely devaluing its currency.

23 Jul 2018 - 8:52PM
Trump should increase US exports to China, not launch a trade war

Trump’s new tariffs may lead to a reduction in Chinese exports to the US, but the overall US trade deficit is unlikely to fall, and there’ll be no positive impact on its GDP or employment.

Trump’s new tariffs may lead to a reduction in Chinese exports to the US, but the overall US trade deficit is unlikely to fall, and there’ll be no positive impact on its GDP or employment.

23 Mar 2018 - 12:58PM
Why now? The rationale behind Xi Jinping’s power consolidation

The removal of the term limits on the office of China’s president may be intended to signal Xi Jinping’s commitment to his anti-corruption campaign and economic reform agenda.

The removal of the term limits on the office of China’s president may be intended to signal Xi Jinping’s commitment to his anti-corruption campaign and economic reform agenda.

7 Mar 2018 - 9:05PM
No reason to believe China falsifies its national economic data

Although the tampering of economic statistics is a problem in regional government, as evidenced by several recent admissions, central government officials understand the harm it brings. The data they put out is not perfect, but it is the most reliable available.

Although the tampering of economic statistics is a problem in regional government, as evidenced by several recent admissions, central government officials understand the harm it brings. The data they put out is not perfect, but it is the most reliable available.

28 Jan 2018 - 5:36PM
How Xi Jinping revitalised party and state with his morally uncompromising leadership

It is Xi’s emphasis on discipline, virtues and patriotism that will succeed in ridding party and government of the rot of corruption.

It is Xi’s emphasis on discipline, virtues and patriotism that will succeed in ridding party and government of the rot of corruption.

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