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For over four decades, China has crafted a hybrid growth model that blends planning, innovation, and global integration. This has driven remarkable gains in manufacturing, clean energy, and, more recently, artificial intelligence. As pressures and stakes rise, what will define the next chapter of this alternative model? Speakers: Carlson Tong, Chairman, Hong Kong Exchanges and Clearing (HKEX) Zhu Min, Member of the Senior Expert Advisory Committee, China Center for International Economic Exchanges (CCIEE) Dong Junfeng, Chairman, China UnionPay Tian Wei, Host, World Insight with Tian Wei, China Global Television Network (CGTN) Eswar Prasad, Professor, Cornell University This is the full audio from a session at the Annual Meeting 2026 in Davos. Watch it here: https://www.weforum.org/meetings/world-economic-forum-annual-meeting-2026/sessions/chinese-economy-fully-emerged/ Check out all our podcasts on wef.ch/podcasts: YouTube: - https://www.youtube.com/@wef/podcasts Radio Davos - subscribe: https://pod.link/1504682164 Meet the Leader - subscribe: https://pod.link/1534915560 Agenda Dialogues - subscribe: https://pod.link/1574956552
Faced with slowing domestic growth and rising geopolitical tensions, China is changing its export strategy and selling different things, to different customers, in different places. Electric vehicles, solar panels and AI-enabled services are replacing low-cost manufactured goods. And the destination? Increasingly, emerging markets in Southeast Asia, Latin America and beyond. China's evolving overseas footprint will have far-reaching credit consequences. From autos in Europe to metals in Latin America and clean energy infrastructure in Asia, this is a global story with local credit impact. The looming question remains: who can adapt and who will buckle under the sustained pressure? Host: Matt Robinson, Associate Managing Director, Moody's Ratings Guest: Nick Hill, Global Head of Credit Strategy and Guidance, Moody's Ratings Related Research: Macroeconomics – China: Overseas investment will accelerate, with focus on select sectors and destinations 30 June 2025 Trade – Asia-Pacific: US focus on origin of imports increases risks for Asia-Pacific supply chains 20 October 2025 Geopolitical risks and China's excess capacity expose ASEAN economies' vulnerabilities 2 July 2025 Moody's Insights – China Growth and Credit © 2026 Moody's Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody's information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
0:30 - COVID whistleblower 14:14 - Josh Hawley back and forth with Erdman over Wuhan lab statements 35:51 - The "Tragic 20's" 56:43 - Former foreign correspondent for BBC Channel 4 News and NBC, Ian Williams: China’s theft of American AI tech is becoming more brazen. Ian is also the author of Vampire State. The rise and fall of the Chinese Economy 01:13:11 - Pratt calls into TMZ after hit piece claiming he doesn't live in trailer 01:33:05 - Senior writer at National Review, Noah Rothman, discusses his new book Blood and Progress: A Century of Left-Wing Violence in America - available Tuesday 5/19 01:51:25 - Kent Professor of Law and History at Yale University, Samuel Moyn, on the The Old Guard and his new book Gerontocracy in America: How the Old Are Hoarding Power and Wealth—and What to Do About It - available June 16 02:12:27 - Tim Stearns, president and founder of TJ Stearns in Arlington Heights, discusses the balancing act between investment risk and FOMO as the market reaches new highs. For more on TJ Stearns tjstearns.comSee omnystudio.com/listener for privacy information.
Gregory Copley describes the Beijing summit as a theatrical performance while the Chinese economy and political structure collapse. China has lost global trust, particularly regarding the safety and quality of its electric vehicles. (9/16)AUGUST 1963
Get access to The Backroom (100+ exclusive episodes) on Patreon: https://www.patreon.com/OneDimeThis is a Backroom episode being released publicly as a window into what 1Dime patrons get regularly. Dr. Jane Hayward, Lecturer in China and Global Affairs at the Lau China Institute, King's College London, joins for an honest accounting: Trump's tariffs, labour conditions, the real estate collapse, Belt and Road, and why decades of “China is about to collapse” coverage keeps ageing poorly. Most conversations about the Chinese economy talk past the real questions. The Western press cycles through collapse predictions that never land. The online left points at high-speed rail and calls it socialism. Neither camp is seriously reckoning with what China's model actually is, what it costs workers, or what it implies geopolitically. If you have never heard a Backroom episode before, this is what over 100 exclusive conversations sound like. Become a patron for full access.Timestamps:00:00:00 Intro / 1Dime Radio Bumper00:03:22 Welcome to the Backroom00:07:01 Why So Many on the Left Romanticize China00:17:06 Labour Conditions, State-Controlled Unions, and Worker Rights00:26:22 Trump's Tariffs: Reindustrialization Rhetoric vs. Geopolitical Containment00:39:28 Belt and Road — Is “Debt Trap Diplomacy” Real?00:52:59 China's Real Estate Collapse Explained01:00:14 Why “China Is About to Collapse” Keeps Getting It Wrong01:09:25 Hukou Reform, Urbanization, and the Urban-Rural Divide01:13:42 Civil Society, NGOs, and Internal Policy Debate Under XiGUEST: Dr. Jane HaywardLecturer in China and Global Affairs, Lau China Institute, King's College London• YouTube: https://www.youtube.com/@janehaywardchina• Website: https://www.janehaywardchina.co.uk/FOLLOW 1Dime:• Substack https://1dimereview.substack.com/• X https://x.com/1DimeOfficial• IG https://www.instagram.com/1dimeman• Channel https://www.youtube.com/@1DimeeLeave a like, drop a comment, and give the show a 5-star rating on Spotify, Apple, or wherever you listen to this.#China #ChineseEconomy #ChinaEconomy
In 2003, Premier Wen Jiabao warned that China's growth model was unbalanced between supply and demand, over-reliant on investment and exports. More than 20 years later, the imbalance is smaller — but China is vastly larger. What its economy produces and exports now moves global markets. The argument about China's external surplus is no longer just a spat between Beijing and Washington.Yiping Huang, Dean of the National School of Development at Peking University, has written a chapter in the fourth Paris Report, published jointly by CEPR and Bruegel, examining China's structural imbalances from the inside. His argument: the same policies that powered 45 years of growth also suppressed household income and consumption. Factor market distortions, especially artificially low interest rates, kept the cost of capital down and subsidised state-owned enterprises; decentralised GDP-target competition pushed local governments toward investment and industrial expansion rather than services and household support.The result was a powerful supply side with a persistently weak domestic demand side. When you produce more than you can sell at home and you are a small economy, you export the rest. When you are the world's second largest economy, the world notices. China's consumption share of GDP rose from around 50% in 2010 to 57% in 2024, still well below the mid-seventies average of comparable economies, and two fresh crises complicate the path. The property market has been contracting since mid-2021 and it is now a drag on local government finances, household wealth, and bank balance sheets. Local government subsidies have created overcapacity in new industries such as electric vehicles and batteries. Huang's conclusion is that rebalancing is necessary and achievable, but it requires the government stepping back from direct resource allocation, the private sector and market taking on larger roles in innovation, and a significant strengthening of social protection to give households both the income and the confidence to spend.The report discussed in this series of episodes:Rey, Hélène, Beatrice Weder di Mauro, and Jeromin Zettelmeyer (eds). 2026. The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel. Free to download at cepr.org.The chapter discussed in this episode:Huang, Yiping. 2026. "Rebalancing of the Chinese economy: Challenges and policy options." In Rey, Weder di Mauro, and Zettelmeyer (eds), The New Global Imbalances. Paris Report 4. CEPR Press and Bruegel. To cite this episode:Phillips, Tim, and Yiping Huang. 2026. “Rebalancing the Chinese Economy”. VoxTalks Economics (podcast).Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About Paris Report 4The fourth Paris Report, The New Global Imbalances, is a joint publication of CEPR and Bruegel. It was edited by Hélène Rey (London Business School and CEPR), Beatrice Weder di Mauro (Geneva Graduate Institute and CEPR, and President of CEPR), and Jeromin Zettelmeyer (Bruegel and CEPR). The report examines how, in a high-debt and fragmented world, excess savings, rising surpluses, and rising deficits pose a risk to stability and undermine the global trading system. It is free to download at cepr.org.About the guestYiping Huang is Dean of the National School of Development at Peking University. [verify URL before publishing] He is one of China's leading macroeconomists, with research spanning China's economic transition, financial reform, and the political economy of development. He has advised Chinese policymakers and international institutions including the IMF and the Asian Development Bank on issues of growth, financial reform, and structural change.Research cited in this episodeAsymmetric liberalization is Yiping Huang's term for the approach China took when reforming its economy from the 1980s onward. Rather than the shock therapy adopted by former Soviet economies — privatising state-owned enterprises overnight and hoping markets would fill the gap — China used a dual-track approach. It opened the economy to private firms and foreign investors while maintaining state-owned enterprises in parallel, accepting some inefficiency in exchange for stability in output, employment, and growth. To subsidise the SOEs without direct fiscal transfers, the government kept factor markets, particularly financial markets, partially distorted: deposit and lending rates were held below market-clearing levels, reducing funding costs and effectively transferring income from savers and households to producers. The result was a very strong supply side and a structurally weak domestic demand side, which Huang identifies as the root cause of China's persistent external surpluses.Involution (Chinese: 内卷, nèijuǎn) is a term in wide use in China to describe a particular form of competitive overextension: effort that intensifies without producing proportional gains in quality, efficiency, or welfare. In the economic policy context Huang uses it, involution refers to the overcapacity problem in China's newer industries, including electric vehicles, batteries, and solar panels. Local governments, motivated by GDP targets and decentralised competition, have subsidised capacity expansion in these sectors without requiring corresponding advances in technology or product quality. The result is high-volume, low-margin competition that can suppress prices globally while leaving firms unable to earn sustainable returns domestically. Huang distinguishes this from the property market crisis, which has a different structure and cause.New quality productive forces is the term used in China's 15th Five-Year Plan (2026 to 2030) to describe the supply-side transformation the government is aiming for: a shift away from labour-intensive, low-value-added manufacturing toward high-technology, innovation-driven sectors. It reflects the recognition that the industries China dominated in its first decades of reform — low-cost assembly, commodity manufacturing — are no longer competitive given rising domestic wages and costs, and that the next stage of growth has to be driven by productivity and technology rather than factor accumulation.The 15th Five-Year Plan (2026 to 2030) is China's current medium-term planning document. Huang identifies two key anchors: the development of new quality productive forces on the supply side, and a shift toward domestic demand — particularly private consumption — on the demand side. The plan signals a different role for government, more focused on providing social infrastructure, basic research, and protection for households, and less focused on direct resource allocation and industrial project selection. Huang describes the two anchors as a circuit: if supply-side innovation and demand-side consumption can be connected efficiently, the Chinese economy can sustain growth for much longer without relying on external demand.The Japan comparison is used by Huang to set expectations for China's consumption rebalancing. Japan's private consumption share of GDP was at its lowest in 1970 and did not reach the average of comparable advanced economies — around the mid-seventies — until around 2010: a process of roughly forty years. China's consumption share is currently around fifty-seven percent, still well below that average. Huang acknowledges the parallel but expresses hope that China can close the gap faster than Japan did; the point of the comparison is that raising household consumption is a structural, decades-long process, not a policy lever that can be pulled in a single plan cycle. It requires sustained growth in household income and improvement in the social safety net to reduce precautionary saving.China's current account surplus peaked at 9.8% of GDP in 2007, immediately before the global financial crisis. Huang notes that significant adjustment has already taken place: the average surplus between 2018 and the mid-2020s was below two percent of GDP, and the investment share of GDP fell from a peak of forty-seven percent in 2011 to forty-one percent in 2024. The surplus rose to 3.7% of GDP in 2024 partly as a result of weak domestic demand following the property market correction. Huang's argument is that the external imbalance and the internal consumption shortfall are the same problem viewed from different angles; fixing one requires fixing the other.More VoxTalks Economics episodesThis is the third episode in our series on Paris Report 4. In the first episode, Maurice Obstfeld of the Peterson Institute for International Economics examines the history of global imbalances and what previous episodes can teach today's policymakers. In the second episode, Gilles Moëc, Chief Economist at AXA, explains why the US government is so keen to promote stablecoins and the risks they may pose to the financial system.For an interview with two of the report's editors, Beatrice Weder di Mauro and Jeromin Zettelmeyer, on the problem of global imbalances, listen to The Sound of Economics, Bruegel's podcast. Available at bruegel.org.
In this episode of the Whitehall Sources Podcast, Calum Macdonald and political strategist Jo Tanner are joined by Ian Williams, former foreign correspondent in Beijing and Moscow and author of Vampire State: The Rise and Fall of the Chinese Economy, to unpack what Starmer's visit really means for UK–China relations, national security, and Britain's fragile economy.We explore:Whether China actually has anything to offer the UK economicallyThe risks of Chinese investment in critical infrastructureLessons (and failures) from Huawei and previous UK–China dealsHow the US — and Donald Trump — may respondWhether China has reached “peak China” economicallyThe realities of surveillance, espionage, and diplomacy in BeijingCalum and Jo also discuss the fallout from Andy Burnham's blocked bid to run for Parliament and Controversy surrounding a social media released by the Labour Party.
PREVIEW CHINA'S ECONOMIC DESCENT AND TRADE WAR UNCERTAINTY Colleague Anne Stevenson-Yang. Discussing the "lose-lose proposition" of the current trade war, Anne Stevenson-Yang analyzes the Chineseeconomy's decline. She points to erratic signals regarding tariff exemptions and the difficulty of predicting market outcomes, noting the massive challenges facing China's export-driven model amidst this instability. 1906 PEKING
Markets fully price in a 25-basis point cut at today's Federal Reserve meeting, while deep divisions within the central bank put investors on edge about the potential for easing next year. Chinese consumer prices rise at their fastest level in two years, but factory gate prices remain in deflation territory for the 38th month in a row. Donald Trump condemns European leaders as ‘weak' and says they ‘don't know what to do'.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Donald Trump's decision to allow Nvidia Corp. to sell advanced chips to China marks more than just a shift in US tech policy. It also raises questions about how far he'll go to steady ties with Xi Jinping. The Republican leader granted America's most-valuable company permission on Tuesday to export its high-end H200 chip to China, watering down years of US national security safeguards. While he pledged Nvidia's top products would remain off bounds, the move gives China access to semiconductors at least a generation ahead of its best technology. For more on the AI story and the overall outlook on the Chinese Economy, we spoke to Chi Lo, Global Market Strategist, BNP Paribas Asset Management. Plus - Wall Street had a sluggish session as investors awaited clues on the Federal Reserve's policy path in its final interest rate policy of the year. Traders are anticipating a third consecutive Fed rate cut Wednesday, while the focus will be on the central bank's latest dot plot, economic projections and comments from Chair Jerome Powell. We spoke to JoAnne Bianco, Senior Investment Strategist at BondBloxx. See omnystudio.com/listener for privacy information.
Ed Butowsky discusses the state of the Chinese economy, as well as China's evolution away from exporting to the U.S. He also talks about the health of China's domestic economy, and the biggest questions surrounding the Chinese economy.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
This week they discuss the Chinese economics and their thoughts on Chinese growth, productivity, and prosperity. While under duress, they smoke the CAO Flathead Steel Horse and drink Giant Texas Straight Bourbon whiskey Cask strength. https://www.msn.com/en-us/money/markets/the-strange-paradox-of-chinese-economic-decline/ar-AA1PQ2SJ?ocid=winp2fptaskbarhoverent&cvid=95ae88ddcff949b5d2fecd30b32b81d2&ei=15
Reid l'Anson argues that top line growth in the economy looks ok, but the K-shaped economy is creating a widening disparity between the upper and lower income segments. Reid also looks at the Chinese economy as the U.S./China trade war continues, noting that they are repeating an investment-led growth playbook we've seen before. “My view is they will find a way to get this excess into the international market.” However, he notes that a lot of the investment is in the EV sector, and talks about how that changes the energy demand picture.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
China's ties with Southeast Asia states are increasingly consequential for regional stability and global geopolitics. Over the past two decades, China has become the region's largest trading partner and a major source of investment and infrastructure financing. At the same time, China growing military presence and aggressive behavior in the South China Sea have caused anxiety and have prompted a number of Southeast Asian nations to seek closer security ties with the United States and other partners. The Trump administration's policies of imposing tariffs, reducing foreign assistance, and implementing stricter immigration regulations have begun to erode US influence across the region, further encouraging Southeast Asian countries to rely on each other and to diversify their relationships with external partners. To discuss Beijing's evolving approach to Southeast Asia and the efficacy of its policies, we are joined on the podcast today by Dr. Chong Ja Ian. He is an Associate Professor of Political Science at the National University of Singapore and a nonresident fellow at Carnegie China. Ian's research focuses on Chinese politics, foreign policy, and US-China relations. Timestamps[00:00] Intro[01:50] China's Tools and Objectives in SEA[03:02] Economic Relations with SEA[05:52] Success and Failures of Beijing's SEA Strategy[07:47] Regional Media and Influence[11:40] SEA Views on China: Consensus and Discord[14:55] Regional Strategy Post-Trump[18:22] SEA Reactions to China Taking Taiwan by Force[22:40] Crisis Planning and How it Could Change[24:10] Long-Term Outlooks for China-SEA Relations
PREVIEW: Chinese Economy Collapsing Due to Demographic Catastrophe GUEST NAME: Alan Tonelson (RealityChek) 100-WORD SUMMARY: John Batchelor speaks with Alan Tonelson about the collapse of the Chinese economy. The underlying cause is demographics, specifically the catastrophic impact of the 20th century's one-child policy. Tonelson highlights that China's population is virtually collapsing. Citing the Financial Times, he states that the scale of China's economic collapse is so stunning that it is "unprecedented" and has "never been seen before in human history."
Book Title: Wild Ride: A Short History of the Opening and Closing of the Chinese Economy Author: Anne Stevenson Yang Headline: Early Economic Opening and Author's Unexpected Role in Xian In 1994, Anne Stevenson Yang was invited to Xian, China, to represent a business council, unexpectedly finding herself the esteemed speaker at a trade show. This marked the "second decade of the Chinese miracle," a stark contrast to her 1985 experience as an editorialist at China Pictorial, where employees slept on desks in a profoundly non-capitalistic culture. 1942
Book Title: Wild Ride: A Short History of the Opening and Closing of the Chinese Economy Author: Anne Stevenson Yang Headline: Deng Xiaoping's Reforms and the Rise of Red Capitalism Following Mao Zedong's death, Deng Xiaoping initiated economic reforms in 1979, driven by the need for hard currency for international travel. His solution was to create hermetically sealed export zones, like Shenzhen, to attract foreign companies and currency. This "red capitalism" led to an elite class, where Deng Xiaoping's daughter and Jiang Zemin's son, Jiang Mianheng (Mr. 10%), secured money and political power, often by taking equity in new companies. 1954
Book Title: Wild Ride: A Short History of the Opening and Closing of the Chinese Economy Author: Anne Stevenson Yang Headline: Central Government Seeks Control Amid Economic Booms and Crises After the economy grew "out of control" in the 1980s, the central government, fearing a Soviet-style breakup, implemented "golden projects" for control over customs, taxes, and information. Following the 1998 Asian Financial Crisis, China recapitalized its banks by creating four asset management companies to buy bad assets, effectively injecting massive cash into the economy. This unleashed an explosion of wealth, shifting the Chinese people's aspirations toward getting rich. 1958
Book Title: Wild Ride: A Short History of the Opening and Closing of the Chinese Economy Author: Anne Stevenson Yang Headline: Ghost Cities, Mounting Debt, and Xi Jinping's Increased Surveillance The cash influx led to building "ghost cities" like Kangbashi and vast infrastructure, often for show. Post-2008, Chinapoured trillions more into the economy, fueling land-collateralized loans and an unsustainable real estate boom. Under Xi Jinping, severe COVID lockdowns and widespread disappointment led to increased surveillance and a mounting debt crisis, with municipalities struggling to pay essential services as the dream of unbridled economic growth retreats. 1959
After spending the summer in China, Eugene offers a firsthand look at what's happening on the ground as the U.S. and China work through trade negotiations—an issue he believes could shape the world more than any other right now.
U.S. President Donald Trump is threatening to put a 50% tariff on Brazilian imports. Brazil promises to retaliate with a 50% tariff of its own. So what does this escalating trade row mean for Embraer, one of the world's biggest aircraft manufacturers based in Brazil? And could it make your morning cup of coffee more expensive? Italian chocolate giant Ferrero is buying one of America's oldest breakfast cereal companies, Kellogg's in a $3.1 billion deal. But are people still eating cereals for breakfast? Plus, why would an airport commission airport sounds to play to passengers ? Throughout the programme, Roger will be joined by two guests on opposite sides of the world, James Mayger, Bloomberg's reporter on Chinese Economy and Government, who's in Beijing, and Stephanie Hare, researcher on technology and ethics in London.
Chinese Premier Li Qiang is on an official visit to Egypt (01:08). Chinese officials say the country's economic increment from the 14th Five-Year Plan is expected to exceed 35 trillion yuan (04:32). U.S. President Donald Trump threatens more tariffs on copper and pharmaceutical imports (15:29).
In this episode of the Energy News Beat Daily Standup, Michael Tanner and Stuart Turley discuss major developments impacting energy markets, notably Trump's "Big Beautiful Bill," potentially ending the Green New Deal by eliminating renewable energy subsidies. They highlight how green policies drive the UK's auto industry decline, manufactured gas and diesel crises in California under Newsom's leadership, and China's economic struggles exposed by tariffs. Germany continues resisting Nord Stream revival despite energy shortages, and Canada's trade tensions rise over tariffs. They also briefly analyze rig counts, oil inventories, and geopolitical influences on market fundamentals.Highlights of the Podcast 00:00 - Intro01:31 - Big Beautiful Bill May Still Yet End the Green New Deal04:55 - UK Car Output Hits 76-Year Low: Green Energy Policies, Not Just Trump Tariffs, Drive Deindustrialization07:56 - California is a U.S. National Security Risk, and the Gas and Diesel Crisis Was Manufactured12:01 - What Is the Real Story of the Chinese Economy?14:12 - Germany Doubles Down on Blocking Nord Stream Revival: Choosing Deindustrialization Over Affordable Energy?15:15 - All trade with Canada on notice for tariffs. What does this mean for oil, electricity and agriculture?19:14 - Markets Updates21:56 - Weekly Rig Count Down, But Oil and Gas Are Not Out23:28 - Frac Count Update24:46 - OutroPlease see the links below or articles that we discuss in the podcast.Big Beautiful Bill May Still Yet End the Green New DealUK Car Output Hits 76-Year Low: Green Energy Policies, Not Just Trump Tariffs, Drive DeindustrializationCalifornia is a U.S. National Security Risk, and the Gas and Diesel Crisis Was ManufacturedWhat Is the Real Story of the Chinese Economy?Germany Doubles Down on Blocking Nord Stream Revival: Choosing Deindustrialization Over Affordable Energy?All trade with Canada on notice for tariffs. What does this mean for oil, electricity and agriculture?Weekly Rig Count Down, But Oil and Gas Are Not OutFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas InvestingNeed Power For Your Data Center, Hospital, or Business?– Get in Contact With The Show –
0:00 - BLM Brandon celebrates Africa Day 12:03 - "we're winning" 35:34 - Scott Pelley commencement at Wake Forest...everything is under attack 55:29 - Kelly Cassidy: GOPers obsessed with children's genitals 01:09:42 - In-depth History with Frank from Arlington Heights 01:13:05 - Ian Williams, former foreign correspondent for BBC Channel 4 News: What the next phase of Trump’s trade war with China looks like. Check out Ian’s most recent book Vampire State. The rise and fall of the Chinese Economy 01:32:18 - President at Wirepoints, Ted Dabrowski: It's not identity politics causing Chicago's housing issues. Get Ted’s latest at wirepoints.org 01:49:11 - President of Center of the American Experiment and contributor to Powerline, John Hinderaker, on Minnesota’s “celebration” of George Floyd. For more from John powerlineblog.com 02:07:11 - CAMPUS BEATSee omnystudio.com/listener for privacy information.
China's retail sales expanded 5.1% in April and value-added industrial output grew 6.1%, showing strong momentum despite a challenging external environment (1:00). The foreign ministers of China and Denmark pledge to work together for multilateralism as the two countries mark 75 years of diplomatic ties (11:55). And Israel's military has begun extensive ground operations in Gaza, while allowing in limited amounts of food (20:52).
The Sinica Network proudly presents a new podcast: China Talking Points, featuring Kaiser Kuo (host of the Sinica Podcast), Eric Olander (host of the China-Global South Podcast and China In Africa Podcast) and Andrew Polk, co-founder of Trivium China and host of its podcast. We'll be joined regularly by Lizzi Lee, Fellow on Chinese Economy at the Asia Society Policy Institute's (ASPI) Center for China Analysis. Tune in live every other week for unscripted thoughts on the major China-related news of the week.This week, we focused on the truce in the trade war that Donald Trump launched with the so-called "Liberation Day" tariffs of April 9. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with top Chinese trade negotiator He Lifeng and his team in Geneva over the weekend, and we look at what came out of those meetings and what we can expect to happen next. We also discussed the dogfight that took place between India and Pakistan last week, in which the Pakistani air force claims to have downed as many as five Indian planes, significant for China because the Pakistani planes were Chinese-made J10-C fighters. Eric, who wrote about the Chinese reaction to this and offered his take on the reasons for their success, managed to incur a lot of online Indian wrath — an occupational hazard — but presents a compelling case for why the fully integrated Chinese military systems gave Pakistan the edge.Watch us live on YouTube starting May 28th. Check out the new Sinica Network YouTube channel here!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this conversation, Saheb and Amit examine the three major structural dilemmas facing China's economy: a persistently low domestic consumption rate of around 40 percent of GDP, making China an outlier among large economies; the Chinese state's reluctance to adopt fiscal stimulus due to its ideological opposition to welfarism; and a sharp slowdown in real estate investment that has had ripple effects across the broader economy. They also discuss how China's enduring trade surpluses, particularly with the U.S., EU, and India are generating international pushback. Despite high trade volumes, Amit highlights the limited nature of Chinese investment in India, noting that economic outreach from China is driven less by genuine market interest and more by geopolitical calculations. The episode further explores why China's engagement with regions like Africa, Latin America, and Southeast Asia cannot substitute for the demand found in Western markets. The episode also looks at how India's large and growing consumer market could make it a prime destination for companies relocating under the China Plus One strategy, even if Chinese firms themselves remain reluctant to invest directly. Finally, the discussion draws a clear line between China's diplomatic messaging and its actual economic practices, revealing a gap that continues to shape global perceptions.Episode ContributorsAmit Kumar is a Staff Research Analyst at the China desk of the Indo-Pacific Studies Programme. With a broader focus on China, he studies issues at the intersection of the economy, technology and security. His work encompasses writings on the Chinese economy, domestic politics, foreign policy, and India-China trade and security issues. Saheb Singh Chadha is a senior research analyst in the Security Studies Program at Carnegie India. His research focuses on China's foreign and security policies, India-China relations, and India's military modernization. He is broadly interested in the geopolitics of South Asia and the Indo-Pacific.Suggested ReadingsViews From Taipei: Essays by Young Indian Scholars on China by Vijay Gokhale, Suyash Desai, Amit Kumar, and Aadil BrarCrosswinds: Nehru, Zhou and the Anglo-American Competition over China by Vijay Gokhale China's Economy: What Everyone Needs to Know by Arthur R. KroeberChina's Western Horizon: Beijing and the New Geopolitics of Eurasia by Daniel S. Markey Every two weeks, Interpreting India brings you diverse voices from India and around the world to explore the critical questions shaping the nation's future. We delve into how technology, the economy, and foreign policy intertwine to influence India's relationship with the global stage.As a Carnegie India production, hosted by Carnegie scholars, Interpreting India, a Carnegie India production, provides insightful perspectives and cutting-edge by tackling the defining questions that chart India's course through the next decade.Stay tuned for thought-provoking discussions, expert insights, and a deeper understanding of India's place in the world.Don't forget to subscribe, share, and leave a review to join the conversation and be part of Interpreting India's journey.
John Maytham is joined by global strategist Michael Power to discuss the 90-day pause in the US-China trade war. After talks in Geneva, both countries agreed to reduce tariffs, easing global tensions. Power unpacks the political and economic impact of the deal and whether it signals lasting change or a temporary truce Presenter John Maytham is an actor and author-turned-talk radio veteran and seasoned journalist. His show serves a round-up of local and international news coupled with the latest in business, sport, traffic and weather. The host’s eclectic interests mean the program often surprises the audience with intriguing book reviews and inspiring interviews profiling artists. A daily highlight is Rapid Fire, just after 5:30pm. CapeTalk fans call in, to stump the presenter with their general knowledge questions. Another firm favourite is the humorous Thursday crossing with award-winning journalist Rebecca Davis, called “Plan B”. Thank you for listening to a podcast from Afternoon Drive with John Maytham Listen live on Primedia+ weekdays from 15:00 and 18:00 (SA Time) to Afternoon Drive with John Maytham broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/BSFy4Cn or find all the catch-up podcasts here https://buff.ly/n8nWt4x Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.
On May 7, China unveiled a 10-point policy package aimed at enhancing market confidence, boosting long-term liquidity and supporting innovation-driven growth. The People's Bank of China, the country's central bank, cut its policy rate and reduced the reserve requirement ratio. Additional measures were announced to shore up technological innovation, consumer services and businesses impacted by U.S. tariffs. Now, China's economy grew by 5.4% during the first quarter of this year and value-added industrial output expanded 6.5% year on year. Retail sales also grew by 4.6% in the first quarter. Against the better-than-expected quarterly figures, why is China rolling out these measures? How will they affect the economy in the short to mid-term? And how have markets reacted so far?
Beijing moves to increase stimulus into the economy from rate cuts to liquidity injections in an attempt to counter the effects of President Trump's tariffs. U.S. and Chinese officials are due to hold trade talks in Switzerland this weekend. India bombs targets in Pakistan in retaliation for last month's terror attack on Hindu tourists in the divided region of Kashmir. Danish pharma giant Novo Nordisk slashes its FY forecast despite an 18 per cent surge in quarterly sales.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
China's economy expands by 5.4 per cent in the first quarter but President Trump's levies on the country fuel concerns about further stimulus measures from Beijing. ASML net bookings are down with the Dutch chip maker warning the Trump tariffs have heightened demand uncertainty. The U.S. president has called for a tariff probe into critical minerals, pushing mining stocks down and potentially opening a new front in his tariff offensive. Nvidia shares tumble after the semi-conductor giant warned of a $5.5bn charge for Q1 related to GPU chip exports to China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
After doubling down on his promise not to pause his latest tariffs, Donald Trump has announced a 90-day pause for most countries except China. Why did he change his mind? Jonathan Freedland speaks to James Bennet of the Economist about who might have forced the president's hand, and what could happen next
0:00 - Tariffs 14:15 - FLASHBACK: Pelosi in '96 on China/tariffs/trade deficits 31:58 - Jim Iuorio, host of “The Futures Edge Podcast” and special contributor to Wirepoints: Trump is trying to fix the trade deficit in two years when it should take five to eight. For podcast updates and more @jimiuorio 51:39 - Danielle Carter-Walters, Chicago Flips Red, on sanctuary cities before House subcommittee 01:11:26 - Adam B Coleman, author and the founder of Wrong Speak Publishing, discusses his upbringing, becoming a father and his new book The Children We Left Behind: How Western Culture Rationalizes Family Separation & Ignores the Pain of Child Neglect. Follow Adam on X @wrong_speak 01:29:54 - Clinical Professor of Law and Director of the Securities Law Clinic at Cornell Law School, William Jacobson, on campus free speech issues and the Trump admin’s freezing of funds to Cornell and Northwestern Universities. Professor Jacobson is also founder of LegalInsurrection.com and president of the Legal Insurrection Foundation 01:49:40 - Ian Williams, former foreign correspondent for BBC Channel 4 News and NBC: China is ready for a trade war with America. Check out Ian’s book ‘Vampire State. The rise and fall of the Chinese Economy’ 02:05:18 - Norbert J. Michel, vice president and director of the Cato Institute’s Center for Monetary and Financial Alternatives, says Free Trade Didn’t Kill the Middle Class - instead, the middle class has thrived over the past 40 years. Follow Norbert on X @norbertjmichelSee omnystudio.com/listener for privacy information.
One daunting challenge to addressing climate change is to kick our addiction to hydrocarbons. But this is easier said than done. Hydrocarbons remain the fuel of modernity. And a transition to renewable energy requires massive state intervention. How do we get from our carbon-based present to a green future? Especially in regions like Eastern Europe and Chin, that still rely heavily on oil, gas and coal. In this third event in our series, Eurasian Environments, the Eurasian Knot has paired Pawel Cyzyak, an expert on energy in Eastern Europe, and Zhaojin Zeng, an economic historian of China, to discuss the legacies of state socialist economies, the challenges of transitioning to renewables, their past and present reliance on Russia, the role of geopolitics, and how a turn to EVs presents different challenges, especially as electricity is still generated by coal. Guests:Zhaojin Zeng is an Assistant Professor in the Department of History, Philosophy and Geography at Texas A&M University. His first book project is “Engineering Modern China: Industrial Factories and the Transformation of the Chinese Economy in the Long Twentieth Century.”Pawel Czyzak is an economist, engineer, expert on climate and energy policy, and author of several dozen publications on energy transformation in Europe. He is currently associated with the global energy think-tank Ember. As a consultant he has advised, among others, the largest European energy companies and the World Bank. He's also an aspiring farmer.Send us your sounds! PatreonKnotty News Hosted on Acast. See acast.com/privacy for more information.
Trump's new tariffs threaten to disrupt e-commerce giants like Shein, Temu, and Amazon Haul by eliminating duty-free imports under $800. Today's Stocks & Topics: NNE - Nano Nuclear Energy Inc, OKLO - Oklo Inc., FLR - Fluor Corp., Market Wrap, Shein, Temu, Amazon Haul Face Price Surge as US Closes Loophole, Tariffs on China Can Affect Vietnam?, CE - Celanese Corp., China Reacts To US Trade Tariffs, TNXP - Tonix Pharmaceuticals Holding Corp., ALAR - Alarum Technologies Ltd. ADR, MMM - 3M Co., Stocks and Taxes, Chinese Economy.Our Sponsors:* Check out Fabric: https://fabric.com/INVESTTALK* Check out Indochino: https://indochino.com/INVEST* Check out Kinsta: https://kinsta.com* Check out ShipStation: https://shipstation.com/INVEST* Check out Trust & Will: https://trustandwill.com/INVESTAdvertising Inquiries: https://redcircle.com/brands
Kyle Bass is the founder and chief investment officer of Hayman Capital Management, and he's known for his prescient bets on major global economic events.In this episode, we dive into why he believes China's economy is collapsing, why Bytedance hasn't sold TikTok despite a looming January deadline, and what he believes the big economic and financial priorities of the incoming Trump administration should be.Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.
Journalist and author Ian Williams joins Eamon to talk about his new book VAMPIRE STATE - THE RISE AND FALL OF THE CHINESE ECONOMY published by Birlinn. Ian Williams was foreign correspondent for Channel 4 News and NBC in Moscow, the Indo-Pacific and China. Ian has also covered conflicts in the Balkans, the Middle East and Ukraine. He won Emmy and BAFTA awards for his discovery and reporting on the Serb detention camps during the war in Bosnia. Recorded on Tuesday 29th October 2024. Become a member at https://plus.acast.com/s/the-stand-with-eamon-dunphy. Hosted on Acast. See acast.com/privacy for more information.
As China's economy crumbles and Xi's grip on power weakens, will that mean war with America? Joining us today is Gordon Chang. He's a journalist and author of several books including his latest: Plan Red: China's Project to Destroy America. Follow Gordon Chang on X! @GordonGChang https://www.gordonchang.com/ Don't forget to subscribe to the channel and hit that bell icon to get notified when new videos come out: https://bit.ly/3u1eKSZ And check out our other channel China Uncensored: https://youtube.com/channel/UCgFP46yVT-GG4o1TgXn-04Q Merchandise: https://www.chinaunscripted.com/merchandise Our website: https://www.chinaunscripted.com/ YouTube demonetizes our videos, which is why we rely on support from viewers like you. Please join our 50¢ army at: https://www.patreon.com/chinaunscripted https://www.chinauncensored.locals.com https://www.chinaunscripted.com/support Our social media: Twitter: https://www.twitter.com/ChinaUncensored Facebook: https://www.facebook.com/ChinaUncensored Instagram: https://www.instagram.com/ChinaUncensored #China
PREVIEW: Colleague Anne Stevenson-Yang, author of the book "WILD RIDE: A Short History of the Opening and Closing of the Chinese Economy", will comment on the unlikely event that Xi Jinping can revive the sinking "China Miracle" by emphasizing high-end manufacturing. More details on this to come later in the program. 1940 Charlie Chplin The Great Dictator
China's economy is a disaster. Just how big of a disaster is unknown to even Xi Jinping. Joining us today is Christopher Balding. He's a Senior fellow at the Henry Jackson society. He's also the founder of New kite data labs, a small think tank focused on China, data, technology and the economy. Don't forget to subscribe to the channel and hit that bell icon to get notified when new videos come out: https://bit.ly/3u1eKSZ And check out our other channel China Uncensored: https://youtube.com/channel/UCgFP46yVT-GG4o1TgXn-04Q Merchandise: https://www.chinaunscripted.com/merchandise Our website: https://www.chinaunscripted.com/ YouTube demonetizes our videos, which is why we rely on support from viewers like you. Please join our 50¢ army at: https://www.patreon.com/chinaunscripted https://www.chinauncensored.locals.com https://www.chinaunscripted.com/support Our social media: Twitter: https://www.twitter.com/ChinaUncensored Facebook: https://www.facebook.com/ChinaUncensored Instagram: https://www.instagram.com/ChinaUncensored #China
PREVIEW: PRC: JAPANIFICATION Conversation with colleague Chris Riegel of SCALA.com regarding the sinking Chinese economy and its vast credit unworthiness in the trillions, potentially reaching double-digit trillions. More details tonight. 1930 Hong Kong
HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE: 1/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1936 MOSCOW
HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE: 2/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1937
HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE: 3/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1936
HOUSING COLLAPSES, IRON ORE PLUMMETS, MANUFACTURING SHRINKS, CONSUMERISM NOWHERE: 4/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X https://www.sharecafe.com.au/2024/08/19/iron-ore-prices-plummet-amid-chinas-property-crisis/ How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1943
AS THE THIRD PLENUM STRUGGLES: 3/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1927 WUHAN POSTCARD
AS THE THIRD PLENUM STRUGGLES: 1/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1945 FOURTH ARMY CHINA
AS THE THIRD PLENUM STRUGGLES: 2/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. 1927 WUHAN POSTCARD
AS THE THIRD PLENUM STRUGGLES: 4/4: Wild Ride: A short history of the opening and closing of the Chinese economy by Anne Stevenson-Yang (Author) https://www.amazon.com/Wild-Ride-history-opening-closing/dp/173942431X How did China grow from an impoverished country to become the second largest economy in the world in just over four decades? And how did this economic miracle come to an end, as seems the case today? To understand the story of China's rapid rise and equally rapid fall, author Anne Stevenson-Yang takes us back to the beginning, when Deng Xiaoping took over and opened its moribund economy to Western money and know-how. Stevenson-Yang, who lived and worked in China for a quarter of a century, traces each decade of China's tumultuous development, from the roaring 1980s to today's malaise. In her first-hand account, Wild Ride, Stevenson-Yang concludes that China is returning to the poverty and isolation of the Mao era. What happened to the promise of the political change that would come with the opening of the economy? And the institutional reforms of the last four decades? The author says all that change was all an illusion. Communist China, being interested only in survival, played along and the West fell for it. With the rise of Xi Jinping, that capitalist experiment is over. 'It took me years to understand that I was an unwitting player in an elaborate dramatic confection. UNDATED PEKING STATION