PhD Li Yang was born in September 1951, began his career in November 1968 and became a member of CPC in June, 1984. He is an academic division committee member (xuebu weiyuan, academician) of the CASS and researcher (professor); member of the Party Group of CASS; Vice-President of CASS; Director of the Institute of Finance and Banking, CASS.
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Li Yang: China’s real GDP growth rate is only around 5%
“China’s real economic growth rate would only be around 5%, if economic losses caused by ecological degradation and environmental damage are subtracted from the overall GDP,” said Li Yang, Vice-President of the Chinese Academy of Social Sciences, at the “China’s Recycling Economy and Green Development Forum.”
February 28, 2013
Overseas investment approach
In the context of China's accelerated efforts to push forward its "go global" strategy, domestic enterprises have conducted an increasing number of overseas business and investment activities, but also encountered ever-growing investment risks.
January 21, 2013
It is a key task in the coming reform to reshape the fiscal relation between the central and the local governments
BEIJING, Oct. 9 (Xinhuanet) -- It should be one of the key tasks in the reform in the coming 5-10 years to solve the problem of the mismatch between the central and local governments’ financial and affair authorities to reshape the fiscal relation between them, which will fundamentally weaken the tendency of the local governments to increase their liabilities in various ways and lay the foundation for avoiding the local governments’ debt risk, said Li Yang when he accepted an exclusive interview. Li is the vice president of the Chinese Academy of Social Sciences (CASS) and chief economist of the China Wisdom of CASS.
October 9, 2012
China's macro-economic policies become more flexible and farsighted
BEIJING, Sept. 18 (Xinhuanet) --The operation in the management of treasury cash , which used to be on a small scale, is now becoming an important tool for the operations in the open market used by the Chinese central bank. Since Oct 25th 2011, the amount of the time deposits in the commercial banks for the central bank’s management of treasury cash has been doubled, from RMB30 billion to RMB60 billion. Meanwhile, the frequency of operations has also been greatly increasing.
September 17, 2012
Global imbalance and transformation of economic growth model in China
If we want to use one word to depict global economy in the past decade, it must be “imbalance”. That is, on the one hand, some developed countries, especially United States, maintain a persistent current account deficit, while on the other hand, emerging economies, especially China, run a long-term current account surplus.
September 11, 2012
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