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Top related persons:
Yao Yang - 2 Yao - 2 Bernstein - 1 Rupal Agarwal - 1 Bernstein's Agarwal - 1 BYD — Bernstein - 1 Meituan - 1 Henry McVey - 1
Top related locs:
China Japan Asia Hong Kong Chongqing BEIJING Covid Beijing
Top related orgs:
CNBC - 2 National School of Development - 2 Peking University - 2 Tokyo - 1 KKR - 1 Citi - 1 Afp - 1 Getty - 1

Search resuls for: "Yao Yang"


4 mentions found


☆ Stocks to bet on China’s economic future after the real estate pain ends
  + stars: | 2023-10-08 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
For example, China's urbanization rate in 2022 was 64%, the same as Japan's back in the 1960s, she said, noting Japan's urbanization rate in the 1990s was a much higher 77%. China is also leading in innovation based on research and development spending as a percentage of sales, the report said. Easier said than done, especially since that debt and urban development are linked to a struggling real estate sector that's accounted for about a quarter of China's economy. After a summer of mounting worries about China's growth prospects, KKR's head of global macro, Henry McVey, made yet another trip to the region . He pointed to China's push to reduce carbon emissions and increase the integration of tech in the economy — such as through automation.
Persons: Yao Yang, Yao, Bernstein, Rupal Agarwal, Bernstein's Agarwal, BYD — Bernstein, Meituan, Henry McVey, CNBC's Michael Bloom Organizations: Tokyo, CNBC, National School of Development, Peking University, KKR, Citi Locations: China, Japan, Asia, Hong Kong
☆ Can China's economy reverse a sluggish 2023 in the last quarter? Here's what to watch
  + stars: | 2023-09-29 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +7 min
In 2020, Beijing tried to rein in real estate developers' high reliance on debt with new restrictions on financing. "The decline in the real estate sector was the result of the government's intentional measures to correct the bubbles in the market," Yao said. But he and other economists mostly don't expect real estate to return to significant growth in the future. Morgan StanleyThis week, worries about China's real estate sector persisted with highly indebted Evergrande running into more liquidity problems — along with reports Wednesday its chairman has been put under surveillance. This month, weekly data from Nomura indicate the real estate sales slump has moderated.
Persons: Stringer, Yao Yang, Yao, Dan Wang, Morgan Stanley, Clifford Lau, William Blair, China's, Robin Xing, there's, Bruce Pang, Pang doesn't Organizations: Afp, Getty, National School of Development, Peking University, Hang, China Center for Economic Research, Communist Party, Financial Work, Communist Party of, Nomura, CNBC Locations: Chongqing, China, BEIJING, Covid, Beijing, Shanghai, Hang Seng China, Communist Party of China, JLL
☆ Opinion | Even China Isn’t Convinced It Can Replace the U.S.
  + stars: | 2023-05-04 | by ( Jessica Chen Weiss | ) www.nytimes.com   time to read: +2 min
Assessments of China based on cherry-picked phrases from party propaganda overlook the frequent gap between rhetoric and reality. Leading Chinese intellectuals openly acknowledge the difficulty of reconciling what China says with what it does. “Even we don’t believe much of what we say,” the Chinese economist Yao Yang, who is known for his pragmatic views, has said. But it is presently far from clear that it can — or even seeks to — replace the United States as the world’s dominant power. apparently see the United States as trying to keep China perpetually subordinate and vulnerable, opposing whatever China does or advocates in an international system that Beijing believes favors the United States and developed democracies.
☆ Exclusive: China eyes help for shell-shocked consumers but big stimulus unlikely-sources
  + stars: | 2023-02-03 | by ( Kevin Yao | ) www.reuters.com   time to read: +6 min
That has raised expectations that hefty household stimulus measures could be announced at a parliament meeting in March. Prominent academics have felt emboldened to speak publicly about sizeable demand-side measures such as 1 trillion yuan ($148.28 billion) or more in consumption vouchers. Some analysts say pent-up demand during the pandemic may be enough for consumption to grow with little policy support. Household savings jumped 7.9 trillion yuan last year to 17.8 trillion yuan. Several Chinese cities have already offered about 5 billion yuan in consumption vouchers and subsidies in total since December.
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