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.


PhD, MA, Princeton University 
BA, Yale University


Chinese; English


Yukon 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.

Previously, he was the World Bank’s country director for China (1997–2004) and for Russia and the former Soviet Union Republics of Central Asia (1992–1997). Before that, he served as lead economist for Asia and chief for Country Assistance Strategies. He has also held positions at the U.S. Treasury and various universities in the United States, Tanzania, and Malaysia.

He is the A-List commentator for the Financial Times on China, and his articles also appear frequently in other major media such as the Wall Street Journal, Bloomberg, Foreign Affairs, and CNN. 

Huang has published widely on development issues, recently co-editing the book East Asia Visions, a collection of papers by noted Asian scholars on future prospects for the region. He recently completed a volume entitled Reshaping Economic Geography in East Asia.

He is an adviser to the World Bank and the Asian Development Bank, as well as to various governments and companies. 

  • Op-Ed Wall Street Journal March 27, 2015
    Making Corruption Unsustainable in China

    Xi Jinping’s anticorruption campaign will only succeed if more is done to address the structural factors making corruption possible.

  • Op-Ed Financial Times February 10, 2015
    Debating China’s Growth Exceptionalism

    Those who doubt China’s prospects in the near term emphasize economic distortions. China bulls, on the other hand, assert that competent policies will help the economy rebound. Both groups are correct with respect to their own time horizon.

  • Op-Ed Wall Street Journal January 7, 2015 中文
    Revamping China’s Fiscal System

    Contrary to popular belief, banks aren’t the source of China’s major economic headaches. They’re merely the accommodators. The real culprit is the current fiscal system.

  • Op-Ed Business Now December 30, 2014
    Debt Crisis Fears Unfounded

    The argument that rising debt levels indicate that China’s economy is about to collapse is unfounded. Still, more aggressive economic reforms are needed to ensure China’s long-term financial stability.

  • Op-Ed China Economic Quarterly December 4, 2014
    Squaring the Circle: How the Reforms Can Work

    The real challenge for sustaining rapid growth in China is twofold: increasing productivity through structural reforms, while boosting domestic demand through higher government expenditure.

  • Op-Ed Financial Times November 21, 2014
    Rethinking China’s State-Owned Enterprises

    Beijing must allow domestic and foreign private interests to play a larger role in the reform of state-owned enterprises in areas such as finance, education, health, and telecommunications for maximum reform impact.

  • Op-Ed Financial Times October 24, 2014 中文
    Realizing China’s Sustainable Growth Rate

    Continued economic growth in China depends upon Beijing’s success in restructuring its fiscal system.

  • Op-Ed Deutsche Welle September 26, 2014 中文
    China’s Debt Problems ‘Aren’t the Same as in the West’

    China doesn’t fit the stereotype of a nation set to undergo a Western-style financial crisis as the indebted companies and banks are all state-owned.

  • Paper September 19, 2014
    China’s Debt Dilemma: Deleveraging While Generating Growth

    China’s economy is in for a bumpy ride. But if Chinese leaders implement the right macroeconomic policies and structural reforms, the challenges should be manageable.

  • Op-Ed Financial Times August 29, 2014 中文
    China’s Misleading Economic Indicators

    China’s indicators are a mess, but the fact that the data are flawed does not mean that they are deliberately manipulated to yield a particular outcome.

  • CNBC September 5, 2014
    Russia Doesn’t Care About Relationships

    When countries export raw materials, as Russia does, they do not need to worry about their relationships with other countries because their products are easily marketable everywhere.

  • China View December 31, 2013
    Solving China’s Swelling Local Debt Problem

    Addressing China’s local debt problem requires fiscal reforms to increase local revenues. Sustaining growth also requires expanding the role of private firms and a more efficient urbanization process.

  • China View December 27, 2013
    Balancing China’s Economy is Unnecessary

    All successful development stories, from the United States to Korea, involved the same unbalanced growth trajectory China is now on, and they only rebalanced once they reached high income.

  • CCTV July 16, 2013
    Policymakers Not Concerned Over Chinese Growth Rate

    Chinese leaders are less concerned about growth moderating in the short term and are more focused on long-term reforms.

  • Channel News Asia July 9, 2013
    Developing Countries Take the Lead in Trade Liberalization

    China is giving more consideration to the possibility of joining the Trans-Pacific Partnership.

  • CNBC's Squawk Box November 13, 2012
    The Role of SOEs in China's Future

    Vested interests have capped the growth of the private sector in China. The Chinese government needs to promote greater competition between the state-owned enterprise sector and the private sector.

  • BBC World News November 8, 2012
    Corruption and Reform in China

    Pervasive corruption is causing increasing unrest in China, and while political transition has sparked hopes for reforms, vested interests pose a daunting challenging.

  • BBC News April 30, 2012
    Chen Guangcheng: Both Countries Want 'Quick Resolution'

    Both the United States and China want to resolve the tension caused by the escape of Chen Guangcheng before high-level U.S. officials are scheduled to arrive in Beijing.

  • BBC News March 13, 2012
    Row Over Rare Earth Metals

    Rare earth metals are vital ingredients in a wide range of high tech product lines important to global trade and China's perceived monopoly on these metals is a big concern for the West.

  • CSPAN's Washington Journal August 19, 2011
    China's Economic Growth: Challenges and Opportunities for the United States

    The United States must generate more high-value jobs to capitalize on the opportunities presented by a rising China, which is likely to continue to make sustaining double-digit growth a key priority.

  • May 28, 2014 Washington, DC 中文
    One Year After Sunnylands: Assessing the U.S.-China Relationship

    President Obama’s recent visit to Asia underscored the importance of the U.S.-China relationship and the challenge of managing it in the context of increasing interdependence, but also tension and mistrust.

  • May 21, 2014 Washington, DC 中文
    Will China’s Economy Crash?

    China’s growth rate continues to slide. Many observers see its surging debt and housing indicators as signaling an imminent financial crisis and the inevitability of a hard landing. How likely is this to occur, and can the new leadership engineer a more sustainable growth path?

  • January 28, 2014 Washington, DC 中文
    China’s Growth Prospects After the Third Plenum

    It remains to be seen whether the third plenum decisions can put China on a sustainable and robust growth path.

  • November 7, 2013 Washington, DC 中文
    China’s Economy in Transition

    Much has been made of China’s recent internal and external rebalancing.

  • July 16, 2013 Washington, DC 中文
    China’s New Growth Model: Myths and Realities

    Lessons from other successful developing countries suggest that China’s path to growth may involve continued imbalances and require policy reforms that are often misunderstood.

  • November 30, 2012 Washington, D.C. 中文
    Russia and China in the Global Economy

    Russia and China are facing new challenges as they engage the new globalized marketplace. What can they learn from each other as they try to increase human capital and develop knowledge-based economies?

  • September 27, 2012 Washington, D.C. 中文
    China’s Economic Slowdown and its Policy Implications

    There is increasing concern that China’s economic slowdown is intensifying. However it turns out, this slowdown is occurring at a particularly inopportune time for China—just as the next generation of leaders is being anointed.

  • March 21, 2012 Washington, D.C.
    Assessing the National People's Congress

    The Fifth Session of the Eleventh National People’s Congress (NPC) has added significance given the impending anointment of China's next generation of senior leaders at this fall's National Congress of the Communist Party.

  • February 13, 2012 Beijing 中文
    The China Conundrum

    No country generates as many different economic forecasts and interpretations than China. Some analysts claim that China is an unstoppable economic power, while others warn that China’s economic growth is unstable, unbalanced, and unsustainable.

  • December 21, 2011 Washington, D.C. 中文
    Global Economic Outlook: China, the Euro Crisis, and the United States

    The global economic outlook for 2012 and 2013 is exceptionally uncertain. With the euro crisis continuing to fester, a global credit crunch, and generalized slowdown threatening emerging markets, it remains unclear where growth will come from.

Source: http://carnegieendowment.org/experts/index.cfm?fa=expert_view&expert_id=533

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