Hou testifies in front of a Congressional Commission

Hou,-YilinProfessor Yilin Hou testified on April 27 before the Congressional US-China Economic and Security Commission (USCC). This is a standing commission created by Congress in 2010 charged with the task of examining issues related to the two countries economy and security and publishing an annual report on this broad topic.

Professor Hou was picked for his work and reputation in this area. Prof. Hou’s task on this testimony was to interpret China’s fiscal policies and reforms that are under way and will be implemented according to China’s 13th Five-Year Plan. Hou prepared a 20-page testimony statement, using publicly available document sources, data from China’s central government websites, and publications in English, in particular in Chinese to guarantee consistency and authenticity. 

Hou’s statement began with a “three-stage analytical framework for understanding China’s fiscal reforms” that started in late 1978 as the icebreaker of China’s open-door and reform program. Prof. Hou originally developed this framework in a 2009 article and then expended it in his 2014 co-authored book. This framework offers an easy-to-grasp background and analytical perspective for policymakers to understand and dissect the why and how of China’s fiscal reforms and policies as well as the multifaceted challenges China has been facing and trying to tackle. Prof. Hou then fully addresses all the questions that the Commission posed on many technical details. 

On the same panel as Prof. Hou was a professor of urban and environmental policy and planning who heads the department at Tuft’s University and an endowed chair in international trade at Cornell University who was previously a long-timer at the International Monetary Fund.