Yu Yongding

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.
Yu Yongding
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.

Latest from Yu Yongding

Opinion | How China can protect itself in the next phase of Donald Trump’s trade war

The Trump administration wants US companies to leave China and it is up to Beijing to persuade them to stay. It must also prepare for the possibility of a currency war, and US sanctions on Chinese financial institutions.

8 Jul 2019 - 1:00AM

The Trump administration wants US companies to leave China and it is up to Beijing to persuade them to stay. It must also prepare for the possibility of a currency war, and US sanctions on Chinese financial institutions.

How China can protect itself in the next phase of Donald Trump’s trade war
Opinion | With analysts divided on China’s economic potential, Beijing should seek as high a growth rate as possible amid reforms

When setting growth targets, a too-conservative estimate could have huge consequences for China’s economy and its people. Beijing should seek as much expansion as possible – focusing on infrastructure investment – while making the necessary structural changes.

1 May 2019 - 8:01PM

When setting growth targets, a too-conservative estimate could have huge consequences for China’s economy and its people. Beijing should seek as much expansion as possible – focusing on infrastructure investment – while making the necessary structural changes.

With analysts divided on China’s economic potential, Beijing should seek as high a growth rate as possible amid reforms
Opinion | To jump-start China’s sluggish economy, Beijing needs to use all its fiscal and monetary policy tools

The Chinese central bank can’t devise an effective monetary policy when it is juggling too many tasks, including keeping the yuan stable. Beijing can’t obsess about currency stability when it needs to prevent a financial crisis.

5 Jan 2019 - 6:23AM

The Chinese central bank can’t devise an effective monetary policy when it is juggling too many tasks, including keeping the yuan stable. Beijing can’t obsess about currency stability when it needs to prevent a financial crisis.

To jump-start China’s sluggish economy, Beijing needs to use all its fiscal and monetary policy tools
Opinion | Donald Trump misread the US-China trade relationship. A rethink is not in America’s best interests

Yu Yongding says previous US governments saw the benefits of preserving the status quo on trade with China. The trade war should prompt China to recognise that buying US Treasuries instead of making domestic investments is not in its own interests.

1 Nov 2018 - 10:31AM

Yu Yongding says previous US governments saw the benefits of preserving the status quo on trade with China. The trade war should prompt China to recognise that buying US Treasuries instead of making domestic investments is not in its own interests.

Donald Trump misread the US-China trade relationship. A rethink is not in America’s best interests
Macroscope | China’s yuan sinks, but neither its central bank nor investors are showing signs of panic

While the current depreciation in the yuan appears sharper than in the 2015-17 crisis that rattled investors, the PBOC has yet to intervene in the market the way it did then, signalling that it is serious about exchange rate reform.

30 Aug 2018 - 10:47PM

While the current depreciation in the yuan appears sharper than in the 2015-17 crisis that rattled investors, the PBOC has yet to intervene in the market the way it did then, signalling that it is serious about exchange rate reform.

China’s yuan sinks, but neither its central bank nor investors are showing signs of panic
Why US accusations of IP theft by China don’t add up

America’s Section 301 investigation, based on rumour and half-truths, ignores the benefits that US companies have gained from their voluntary entry into China, China’s anaemic investment into technology in the US, and Beijing’s improvement in IP protection.

29 Jun 2018 - 2:03AM

America’s Section 301 investigation, based on rumour and half-truths, ignores the benefits that US companies have gained from their voluntary entry into China, China’s anaemic investment into technology in the US, and Beijing’s improvement in IP protection.

Why US accusations of IP theft by China don’t add up
China’s economic growth will stabilise – just not in 2018

Optimistic growth forecasts for the Chinese economy overlook the degree to which slowing fixed-asset investment – though good for the long-term health of the economy – will affect near-term prospects.

8 Jan 2018 - 11:56AM

Optimistic growth forecasts for the Chinese economy overlook the degree to which slowing fixed-asset investment – though good for the long-term health of the economy – will affect near-term prospects.

China’s economic growth will stabilise – just not in 2018
Why China needs to invest more in infrastructure to boost growth
China's decision to devalue the renminbi was greatly misunderstood
Can China avoid a disastrous deflationary spiral?

Yu Yongding says with China facing a protracted period of deflation, structural changes are needed to ensure recovery is sustainable, unlike last time.

30 Jun 2015 - 2:09PM

Yu Yongding says with China facing a protracted period of deflation, structural changes are needed to ensure recovery is sustainable, unlike last time.

Can China avoid a disastrous deflationary spiral?
Monetary easing won't be enough to help Chinese SMEs feeling the funding squeeze

Financial repression has long been a key feature of Chinese economic policy. But, with funding costs for businesses trending up, this is finally starting to change.

5 Nov 2014 - 4:45AM

Financial repression has long been a key feature of Chinese economic policy. But, with funding costs for businesses trending up, this is finally starting to change.

Monetary easing won't be enough to help Chinese SMEs feeling the funding squeeze
Rumours of a Chinese crash are greatly exaggerated

The market is always in search of a story and investors, it seems, think they have found a new one this year in China. The country's growth slowdown and mounting financial risks have spurred a growing wave of pessimism, with economists worldwide warning of an impending crash.

20 Jul 2018 - 2:53PM

The market is always in search of a story and investors, it seems, think they have found a new one this year in China. The country's growth slowdown and mounting financial risks have spurred a growing wave of pessimism, with economists worldwide warning of an impending crash.

Rumours of a Chinese crash are greatly exaggerated
Can China wean itself off its addiction to investment?
China's fear of inflation puts brakes on growth

China's economic-growth rate slowed in the second quarter of this year to 7.5 per cent year on year, down from 7.7 per cent in the January-March period, in line with Chinese economists' forecasts in recent months.

5 Aug 2013 - 3:51AM

China's economic-growth rate slowed in the second quarter of this year to 7.5 per cent year on year, down from 7.7 per cent in the January-March period, in line with Chinese economists' forecasts in recent months.

China's fear of inflation puts brakes on growth