ABAB Pedia

Keyu Jin

Keyu Jin is a Beijing-born economist who studies international macroeconomics and the Chinese economy. She taught at the London School of EconomicsLondon School of Economics and Political ScienceThe London School of Economics and Political Science (LSE) is a specialist social science university in central London, founded in 1895 by members of the Fabian Society. It is known for research in economics, politics and social policy, and its alumni and staff include many Nobel laureates and national leaders.Open the full entry for 15 years, became a professor of finance at HKUST in 2025, wrote The New China Playbook and serves on the boards of Richemont and other companies.

Contents19 sections
Key facts

Born in Beijing

Keyu Jin was born in 1982 and comes from Beijing.⁠[1]

She recalled that in her early childhood Beijing had few goods, eggs were bought with vouchers and there were often three or four blackouts a week; every day she rode on the back of her father’s bike to nursery at 6 a.m., and neighbours were close.⁠[2]

Moves to the US for High School

By her own account, she went to an American high school on a scholarship and lived with an American host family; she said that at 14 she found Americans’ understanding of China simplistic and resolved to dispel such myths.⁠[2]

Studies at Harvard

Teaches at the London School of Economics

In September 2009 she became a lecturer in economics at the London School of Economics and Political Science and was a tenured associate professor there from January 2013 to August 2024.⁠[3]

Publishes “Industrial Structure and Capital Flows”

In 2012 she published “Industrial Structure and Capital Flows” in the American Economic Review, arguing that capital tends to flow to countries becoming more specialised in capital-intensive industries, a composition effect that can counter the standard pull of capital toward where it is scarce, and using this to explain current account imbalances between developing and developed countries.⁠[4]

Joins the Richemont Board

In 2017 she was appointed a non-executive director of the luxury group Richemont and became a member of its Compensation and Nominations Committees.⁠[1]

Lecture at Fudan University

Joins the AInnovation Board

From November 2021 she served as an independent non-executive director of Qingdao AInnovation Technology Group Co., Ltd.⁠[6]

Credit Suisse Director

From April 2022 to June 2023 she was a non-executive director of Credit Suisse Group AG.⁠[1]

Writes on the US–China Chip War

In October 2022 she published the opinion piece “How China Is Fighting the Chip War with America” in The New York Times, describing the battle for technological superiority between the United States and China as the ultimate competition between two radically different systems.⁠[7]

Publishes The New China Playbook

On May 16, 2023, Viking published her book The New China Playbook: Beyond Socialism and Capitalism, a 368-page hardcover.⁠[8]

Reviewer James Herndon summarised that she attributes China’s sustained growth to a series of responses to circumstances rather than a master plan, divides Reform and Opening into four phases and argues that local officials compete for private firms much like their counterparts elsewhere.⁠[9]

Calls for Global Cooperation at Summer Davos

In June 2023 she attended the World Economic Forum’s 14th Annual Meeting of the New Champions in Tianjin; in an interview she argued that economies should emphasise cooperation rather than deglobalisation or de-risking and said China could act as a global financial stabiliser in the future.⁠[10]

Named to the Jardine Matheson Board

On November 24, 2023, Jardine Matheson Holdings announced that she would join its board as an independent non-executive director from January 31, 2024; the announcement said she was a member of China Finance 40 and of the economic council of the State of Qatar.⁠[6]

Critical Review by Yasheng Huang

In March 2024 Yasheng Huang, a professor at MIT Sloan, reviewed the book in Foreign Policy; he credited her rebuttal of the notion that China is a mere copycat but called its overall tone “mistakenly celebratory,” said it gave too little attention to the reliability of China’s GDP data, argued that her “mayor economy” thesis is contradicted by evidence that state-owned enterprises are less productive, and said it ignored rural education and health care.⁠[11]

Appears on the Lex Fridman Podcast

On August 13, 2025, she appeared on episode 477 of the Lex FridmanLex FridmanLex Fridman is a Soviet-born, US-raised computer scientist and podcast host who works as an MIT research scientist on human-AI interaction and autonomous driving. His Lex Fridman Podcast is known for hours-long conversations with guests including heads of state and technology leaders.Open the full entry Podcast, which introduced her as an economist specialising in China’s economy, international macroeconomics, global trade imbalances and financial policy; topics included misconceptions about China, Deng Xiaoping’s economic reforms, the “mayor economy,” DeepSeek, tariffs and trade, Taiwan and the one-child policy.⁠[12]

At HKUST

In September 2025 she became a professor of finance at the Hong Kong University of Science and Technology.⁠[3]

She is also a Research Chair at the HKUST Institute for Financial Research, which notes that she has worked with the World Bank, the International Monetary Fund and the China Banking Regulatory Commission.⁠[13]

As of October 2026: Based Between London and Hong Kong

As of October 2026 her official website says she is based between London and Hong Kong.⁠[14]

Related Organizations, Websites, and Public Accounts

Sources

  1. Keyu Jin | Richemont (opens in a new window)
  2. Transcript for Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism | Lex Fridman Podcast #477 (opens in a new window)
  3. KEYU JIN (opens in a new window)
  4. Industrial structure and capital flows (opens in a new window)
  5. 金刻羽副教授主讲“全球化时代的中国” (opens in a new window) (in Chinese)
  6. Directorate Changes | Company Announcement | Investegate (opens in a new window)
  7. How China Is Fighting the Chip War with America — Keyu Jin (opens in a new window)
  8. The New China Playbook by Keyu Jin: 9781984878281 | PenguinRandomHouse.com: Books (opens in a new window)
  9. “The New China Playbook: Beyond Socialism and Capitalism” by Keyu Jin - Asian Review of Books (opens in a new window)
  10. 金刻羽:全球各经济体之间要合作,而不是去全球化或去风险化|世界经济论坛|世界银行|国际货币基金组织|金融|经济学_手机新浪网 (opens in a new window) (in Chinese)
  11. Keyu Jin's 'New China Playbook' Review: China's Economy Is Not Exceptional (opens in a new window)
  12. #477 – Keyu Jin: China's Economy, Tariffs, Trade, Trump, Communism & Capitalism | Lex Fridman Podcast (opens in a new window)
  13. Keyu Jin (opens in a new window)
  14. Keyu Jin Author of The New China Playbook — Keyu Jin (opens in a new window)