This is what China needs to do to generate long-term growth
Yu Yongding looks at what's undermining the country's potential growth, and possible solutions.
DPhil, Oxford. 1979, Junior Fellow, Institute of World Economics and Politics; 1983, Research Fellow; 1987, Senior Research Fellow; 1986-88, Division Chief; 1998-09, Director. 2003-11, President, China Society of World Economy; 2004-06, Member, Monetary Policy Committee, People's Bank of China. Currently, Academician, Chinese Academy of Social Sciences. Member: Advisory Committee, National Planning, National Development and Reform Commission; Advisory Committee, Foreign Policy, Ministry of Foreign Affairs.
Yu Yongding looks at what's undermining the country's potential growth, and possible solutions.
There is an alternative to the People’s Bank of China's (PBOC) costly strategy of propping up the exchange rate, writes Yu Yongding.