In this episode of PD Talk, Chinese economist Yao Yang discusses the importance of structural adjustments and shares his outlook on China's economic future. The Liberal Arts Chair Professor at the China Center for Economic Research and the National School of Development at Peking University, Yao shared his insights while attending the 2024 Understanding China Conference in Guangzhou, Guangdong Province held from December 2-4. (Produced by Zhan Huilan, Li Yuanxin, Xu Zheqi, and Di Jingyuan. Interns Liu Caiyi and Pan Yuqi also contributed to the video)