Commentary
Yukon Huang, Isaac B. Kardon, Matt Sheehan
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Source: Getty
In The Media
China and the Global Economy
Data suggests that the Chinese economy has stabilized in spite of a global economic slowdown, with increased investment and rising property values signalling a stable, though slower, growth.
By Yukon Huang
Published on Nov 24, 2016
Source: CCTV America
Speaking on a three-person panel discussion with CCTV America, Carnegie’s Yukon Huang discussed how China can move forward as its economy shows signs of stabilizing. The panel of experts agreed that recent data supports the view that China is rebounding despite facing global economic slowdown, with key indicators such as growing public investment and a small housing boom pointing to stabilization. In addressing how China can sustain stable growth amidst the global slowdown, Huang pointed to the importance of the Chinese government fostering domestic demand. Huang noted that the government is already involved in areas such as a new urbanization initiative, which will foster growth in housing and social service sectors, guiding the country’s economy to become more domestic and service-oriented. Additionally, Huang argued that China could benefit from a more open, liberal investment environment that provides domestic alternatives for investors, which could continue to help stabilize growth.
About the Author
Yukon Huang
Senior Fellow, Asia Program
Huang is a senior fellow in the Carnegie Asia Program where his research focuses on China’s economy and its regional and global impact.
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