Yukon Huang
Carnegie Endowment
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Past articles by Yukon:
Resolving the US–China Trade Impasse
The new round of tariffs has put U.S.-China trade negotiations on hold. Just a month ago, a deal to end the trade war was deemed likely. So why did this process unravel so quickly and what is the way going forward? → Read More
Did China Break the World Economic Order?
Whether President Trump is misguided in pursuing tariffs and using them as leverage with the Chinese government, America’s continued drive to levy penalties is less about fixing a trade problem than about changing China’s investment rules. → Read More
China’s Economy Is Not Normal. It Doesn’t Have to Be.
The central question isn’t whether China might continue to confound norms so much as what, precisely, is required for it to do so. And that, as ever, hinges on whether the Chinese government can strike the right balance between state intervention and market forces. → Read More
U.S.-China Tensions: Interplay Between Economics and Politics
The potential for the United States and China to have conflict over trade and foreign investment is now greater, not because of differences in political systems and cultural norms, but because of commonalities in Trump’s and Xi’s personal aspirations. → Read More
Xi’s Chosen Path to Transformative Leader
At the 19th Party Congress, Xi Jinping explained how China will move to the center to the world stage through modernization. Yet how Xi defines the roles of the state and the market remains unclear. → Read More
What Western Observers Get Wrong in Assessing China
China has a unique economy where both state and market play an important role. Western observers often misunderstand issues such as China’s growth model, debt problems, and potential housing bubbles. → Read More
China and the World After 19th Party Congress
The upcoming 19th Party Congress and top political appointments will determine what course China will take in the future under President Xi Jinping’s leadership. → Read More
What the West Gets Wrong About China’s Economy
Conventional wisdom about China’s economic problems, such as debt, growth, and trade, can often be wrong due to the lack of an appropriate framework for analysis. → Read More
Why China invests more in Europe than the US
Political sensitivities, security concerns, and industrial structure direct the flow of investments. → Read More
Trump's Misguided Approach to China
Reducing America’s persistent trade deficits with China will require addressing thorny structural issues. In the short term, the focus should be on investment-related concerns. → Read More
Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong
China generates widely varying views on its economic and political prospects. This book is about why there are such differences and why the conventional wisdom is so often wrong. → Read More
US Invests Too Little, Not Too Much in China
While the EU and the United States have similar barriers to entry, EU investments in China have grown more rapidly. → Read More
Trump’s Unnecessary Trade War With China
The Trump administration’s obsession with trade deficits is misguided. Instead, the U.S. focus should be on strengthening investment relations with China. → Read More
America’s Trade Deficit With China Doesn’t Matter
Bilateral trade balances alone aren’t an accurate reflection of a country’s economic strength. → Read More
Beijing, Washington Face Similar Economic Challenges
Both China and the United States need to address shared problems such as moderating rising income disparities, designing effective regulatory systems, and promoting innovation. → Read More
Conflict and Commonality Between Donald Trump and Xi Jinping
Contrasting political systems and cultural norms have always made it difficult for China and the United States to work together. Ironically, with Presidents Trump and Xi, the potential for conflict is now greater not because of these differences but because of commonalities in their aspirations. → Read More
Populism and China’s Trade Tensions With the West
China’s place in the East Asian production chain distorts trade data to make it seem like the country responsible for the U.S. trade deficit. This is not the case. → Read More
Cracking China’s Debt Conundrum
What is seen by some as a generalized debt problem is actually more of a restructuring issue involving downsizing of a subset of state-owned enterprises. → Read More
China Trade Realities for the Trump Administration
There is no direct link between the emergence of American deficits and China’s surpluses. Moreover, there is little evidence that an undervalued yuan played a major role in driving China’s surpluses. → Read More
Was China Wishing for a Trump Victory?
Donald Trump’s surprise victory in the U.S. presidential election is a potential threat to China’s economic growth, but also an opportunity for Beijing to increase its influence over its neighbors. → Read More