Yukon Huang

a senior associate in the Carnegie Asia Program, The Carnegie Endowment for International Peace

Yukon Huang Senior Associate Asia Program Huang is a senior associate in the Carnegie Asia Program, where his research focuses on China’s economic development and its impact on Asia and the global economy.

Articles by Yukon Huang

Can China Get its Rebalancing Right?
Headlines about China's economy have been uniformly alarming. Every time equity markets in the west plunge, Beijing's woes are cited as a factor with its plunging equity indices, rising debt ratios and exchange rate under pressure. Even with more sensible interventions, or perhaps none at all, in ...
There's More Volatility to Come in China
Global financial markets have been rattled by the extreme volatility in China's equity markets and by pressures for the yuan to depreciate more than just a few percentage points. Some observers interpret the turbulence as evidence of a possible economic collapse with global repercussions. Others ...
Virtues and Pitfalls of China's State-Driven Growth
The generally accepted view is that well-functioning institutions and a less interventionist involvement of the state are essential to promoting efficiency and growth. But if so, how does one explain why China—with its weak governance structures and seemingly overbearing presence of the state ...
Xi and Obama: The Shifting Relationship Between Two Powers
President Xi Jinping's visit to the US in late September was risky, coming at a time when China's economy was seemingly in trouble. Would he be on the defensive and appear weak since market perceptions of China have turned more negative in recent months? Yet the economic realities are less alarmi ...
Adjusting China's Growth Path
The prolonged slowdown in China's economy has generated a fierce debate about whether the country needs a new "growth model." All economies, however, are guided by the same growth model developed decades ago by Nobel Prize winner Robert Solow showing that expansion depends on growth of ...
Is the China Growth Model Dead?
Is the China growth model dead? This question has become topical as China’s growth rate has transitioned from its historic double-digit rates to its current 6-7 percent pace, with many arguing that the bottom might be as low as 3-4 percent growth before the end of this decade.
China Becomes an Abnormal Great Power
Markets continue to fret over how much further China’s economy will fall. On the foreign policy front, China’s more aggressive posture has leaders across the world on edge. These twin worries mean that Beijing is becoming a more normal economy but an abnormal great power.
Debating China’s Growth Exceptionalism
Arguments about China’s growth prospects are often muddled by the divergent perspectives of optimists and pessimists. The two groups tend to use different time horizons, and to focus on different concepts, in evaluating China’s chances for success. Those shorting China are fixated on what ...
Realizing China's Sustainable Growth Rate
The former US Treasury secretary Lawrence Summers and his Harvard colleague Lant Pritchett recently delivered a reality check on the Chinese economy's prospects by publishing a study indicating that China's growth will average only 4 per cent a year for the next two decades. At the same time, the ...
Asia Needs Both U.S. and China Involved in Trade Deals
Lurking in the background of the imminent US-China strategic dialogue are concerns about what role, if any, the world's second-largest economy will play in the Trans-Pacific Partnership and how the that trade grouping will compete with or complement the Regional Comprehensive Economic Partnership ...
U.S.-China Trade War: Congress Beware What You Wish For
Once again the US Congress is finding it more convenient to play the China currency card as the panacea for America's economic woes, rather than deal with the difficult issues in President Barack Obama's recent employment bill. China's response to the proposed bill pressuring it into all ...