Inside the China Room with Jiang Jiang

This week on Inside the China Room, Jiang Jiang (JJ) welcomes Prof. Yao Yang 姚洋 , one of China's leading economists and the dean of Peking University's National School of Development. In this episode, Professor Yao shares his views on the "Peak China” theory, his expectations for China's GDP growth rate in 2024 and his takeaways from the recent Central Economic Work Conference and the study session on boosting the high-quality development of the financial sector. He goes into details about challenges amid the adjustment period of China's economy and offers insights into policies aimed at addressing issues such as local government debts, the real estate market and low consumer confidence.

Recommendations:

Books - Professor Yao Yang's recent book: China and the West: A Pragmatic Confucian’s View (available on Amazon)

The book reflects Yao Yang’s thought on China’s path of modernization and the effort to rebuild a political philosophy based on Confucianism, his interpretation of China’s political system and his prescriptions to improve it.