Justin Yifu Lin

Chinese economist

7 stories

12 quotes

The basic principles are shared, but their specific application must be tailored to local conditions,
China's development path shows that poverty is not destiny,
It's not wise for developing countries to simply follow Western economic theories, but rather, they should chart modernization paths suited to their national conditions by building on their own factor endowments and developing industries in line with their comparative advantages,
I am fully confident that China will achieve the economic target [set out in this year's Government Work Report]... Moreover, during the 15th Five-Year Plan period (2026-30), China's potential annual growth rate could still be 8 percent,
  • Justin Yifu Lin, dean of the Institute of New Structural Economics at Peking University, said during a salon discussion held by the China Public Diplomacy Association on China's economic development on Monday
    Global Times Chinaglobaltimes.cn/page/202603…
For the entire 15th Five-Year Plan period, I expect the annual growth targets to remain broadly within this range. If China achieves such growth, it will contribute approximately 30 percent to global economic growth each year and continue to serve as the primary engine of worldwide economic expansion,
The vast majority of China's industries are still in the catch-up phase, and being in a catch-up phase brings the advantage of a 'latecomer,'

Earlier

China is re-engineering its economy for a more complex world

South China Morning Postscmp.com/opinion/china…

At the Central Economic Work Conference, held in Beijing from Dec 10-11, China's top leadership addressed, among other things, "old problems and new challenges", including "risks and hidden dangers" in key sectors, with greater consensus on implementing "more proactive and impactful macroeconomic policies" and a focus on continuously expanding domestic demand and optimizing supply

China Dailychinadaily.com.cn/a/202603…