Summary: Yukon Huang is senior associate at Washington D.C.-based think tank, Carnegie Endowment, where he researches on China’s economic development and its impact on Asia and the global economy. He was the World Bank’s China director from 1997 to 2004, and also served at the U.S. Treasury previously. Mr. Huang holds a B.A. from Yale University and a M.A. and Ph.D. from Princeton. In this episode of China Money Podcast, special speaker Yukon Huang discusses China’s unbalanced economy. Is it really a problem, or in fact a virtue? - Deng Xiaoping is the unbalanced reformer who favored the coastal regions in the beginning of the country’s economic development - Other countries all went through similar unbalanced growth periods in their history - China’s unbalanced economy is the result of its unfinished urbanization process “Unbalanced growth is actually associated with tremendous economic strength rather than a liability.” - Yukon Huang
