The Heat: Chinese Economy and Transnational Partnerships

{
  "authors": [
    "Yukon Huang"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace"
  ],
  "collections": [],
  "englishNewsletterAll": "asia",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Endowment for International Peace",
  "programAffiliation": "AP",
  "programs": [
    "Asia"
  ],
  "projects": [],
  "regions": [
    "East Asia",
    "China"
  ],
  "topics": [
    "Economy"
  ]
}

In The Media

The Heat: Chinese Economy and Transnational Partnerships

In China, there is not always a significant division between those who regulate the economy and those who champion economic growth.

By Yukon Huang

Published on Jul 16, 2015

Source: CCTV

Carnegie’s Yukon Huang appeared on CCTV to talk about the recent downturn of China’s stock market and the controls that regulators put in place to stabilize the market. Huang said that while the controls are currently stabilizing the market, what will happen after the controls are lifted can only be speculated. He characterized the controls as draconian, saying that they are effectively not allowing people to sell shares and only encouraging people to buy shares.

Huang said that in China there is not as much of a division between those who regulate the economy and those who champion economic growth. He concluded that investors should expect higher stock markets in the future.

This interview was originally broadcast by CCTV.

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.

Recent Work

Commentary
Three Takeaways From the Biden-Xi Meeting
- Yukon Huang, Isaac B. Kardon, Matt Sheehan
Commentary
Europe Narrowly Navigates De-risking Between Washington and Beijing
- Yukon Huang, Genevieve Slosberg

Economy East Asia China

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Endowment for International Peace

Commentary
China Financial Markets
Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?
China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.
Michael Pettis
Article
The Two Logics Driving Japan’s Security Policy
Japan’s revision of its three strategic documents reflects an intention to keep the United States engaged in the region while Japan fills any vacuums of U.S. power to preserve the Indo-Pacific order.
Ryo Sahashi
Commentary
Caught in the Middle: Chinese Biotech Firms’ Divergent Responses to U.S. Sanctions
Chinese biotech companies have been on the receiving end of U.S. economic coercion. Yet their responses have differed significantly because firm and state interests are not uniformly aligned. For Washington, treating all Chinese tech firms the same, irrespective of their actual interests, risks pushing them farther into Beijing’s corner.
Xue Gong
Commentary
Emissary
Inside the Global Race to Erode a Battery Manufacturing Monopoly
Over the past decade, China has moved from marginal player to major producer of all things batteries. The United States, Europe, and others are aiming to balance the market.
Milo McBride
Commentary
Emissary
Why Korea’s President Skipped Washington for Silicon Valley and Brasília
Lee’s tour shows how Seoul is reorganizing its diplomacy away from Pyongyang and toward industrial networks and the geography of the compute economy.
Darcie Draudt-Véjares

More Work from Carnegie Endowment for International Peace

Commentary

China Financial Markets

Who Paid for China’s Last Debt Cleanup, and Who Will Pay for the Next?

China’s banking crisis in the 2000s was resolved by transferring the costs to households through financial repression—a decision that recapitalized the banks while exacerbating the structural imbalances that continue to shape the Chinese economy today.

Michael Pettis

Japanese troops take part in a counter-landing live fire exercise as part of the annual Balikatan joint military drills on May 04, 2026 in Laoag, Ilocos Norte province, Philippines.

Article

The Two Logics Driving Japan’s Security Policy

Japan’s revision of its three strategic documents reflects an intention to keep the United States engaged in the region while Japan fills any vacuums of U.S. power to preserve the Indo-Pacific order.

Ryo Sahashi

Robot arm with disposable test tube virus sampling in laboratory

Commentary

Caught in the Middle: Chinese Biotech Firms’ Divergent Responses to U.S. Sanctions

Chinese biotech companies have been on the receiving end of U.S. economic coercion. Yet their responses have differed significantly because firm and state interests are not uniformly aligned. For Washington, treating all Chinese tech firms the same, irrespective of their actual interests, risks pushing them farther into Beijing’s corner.

Xue Gong

Two people in blue PPE standing over large metal rolls

Commentary

Emissary

Inside the Global Race to Erode a Battery Manufacturing Monopoly

Over the past decade, China has moved from marginal player to major producer of all things batteries. The United States, Europe, and others are aiming to balance the market.

Milo McBride

Commentary

Emissary

Why Korea’s President Skipped Washington for Silicon Valley and Brasília

Lee’s tour shows how Seoul is reorganizing its diplomacy away from Pyongyang and toward industrial networks and the geography of the compute economy.

Darcie Draudt-Véjares