https://www.scmp.com/rss/517465/feed Yang Yao is Liberal Arts Chair Professor at the China Centre for Economic Research and the National School of Development at Peking University. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yang Yao Yang Yao The provisional trade deal reached by China and the United States in Geneva last month exceeded expectations, with the two sides agreeing to roll back for 90 days most tariffs and other countermeasures they had imposed in the preceding weeks. To be sure, a number of tariffs remain – including all those the US imposed on China during Donald Trump’s first presidency – and little progress was made in resolving underlying disagreements, such as over fentanyl flows into the US. But with more talks... https://www.scmp.com/opinion/china-opinion/article/3313114/how-china-could-benefit-mar-lago-accord?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3313114/how-china-could-benefit-mar-lago-accord?utm_source=rss_feed Thu, 05 Jun 2025 10:30:09 +0000 The Communist Party’s long-awaited third plenum seems to not have grabbed the expected amount of attention, both inside and outside China. One of the explanations is that the plenum failed to meet expectations for significant reforms. In particular, there were no announcements of any concrete measures to boost China’s low domestic consumption levels – widely acknowledged as a major problem for the country’s economy. However, the third plenum is not oriented towards solving short-term problems.... https://www.scmp.com/opinion/china-opinion/article/3274143/chinas-third-plenum-shows-its-reform-era-has-entered-new-phase?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3274143/chinas-third-plenum-shows-its-reform-era-has-entered-new-phase?utm_source=rss_feed Tue, 13 Aug 2024 08:30:11 +0000 China’s economic performance over the last year has been disappointing, so much so that some observers argue that growth has already peaked and that it is all downhill from here. But it is far too soon to write off China’s economic resilience. As 2023 began, the lifting of draconian “zero-Covid” restrictions fuelled a kind of domestic euphoria. But the picture soon darkened, with the second quarter bringing declining exports, stagnating retail sales, shrinking corporate profits, local-government... https://www.scmp.com/comment/opinion/article/3247365/reports-chinese-economic-miracles-demise-are-greatly-exaggerated?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3247365/reports-chinese-economic-miracles-demise-are-greatly-exaggerated?utm_source=rss_feed Fri, 05 Jan 2024 09:30:31 +0000