One of China’s most influential economists, Huang Yiping, deputy dean and professor at Peking University’s National School of Development, discusses his views of current downward pressures on the Chinese economy and whether reforms will improve growth by 2020. In a conversation with Stephen Orlins, president of the National Committee on U.S.-China Relations, Dr. Huang explains current efforts in China to re-allocate capital and liberalize interest rates with respect to their effects on state-owned enterprises, energy pricing, carbon tax prospects in China, recent Third Plenum reforms and the probability of short-term deflation.

This interview was conducted on January 8, 2015 in New York during Dr. Huang’s visit to participate in the National Committee’s annual forecast for China’s economy, held at the New York Stock Exchange, and for an ongoing National Committee Track II economic dialogue with American counterparts.