Is the Chinese economy a powerhouse, or a house of cards ready to fall down? Is it going to overtake the US, or crash terribly and burn?
In this episode we'll talk about the incredible complexities inherent in understanding China's economy, some of the forces behind its miraculous growth, and the undeniable risks it faces.
Stay tuned next week for the trade war!
Map of China in context of sea lane bottlenecks
Sources & Notes
Banks reverse $1.7tn in funding to entrusted managers for WMPs: https://www.bloomberg.com/news/articles/2017-04-24/china-markets-reel-as-banks-unwind-1-7-trillion-in-shadow-funds
China and currency manipulation: Champs or chumps. (2017, March). The Economist
Details on Congressional bills giving greater leeway to presidents on tariffs: https://www.vox.com/2018/3/8/17097206/trump-tariffs-congress
Congress trying to restrict President’s trade tariff powers; https://www.foreign.senate.gov/press/chair/release/senators-introduce-legislation-to-require-congressional-approval-of-national-security-designated-tariffs
Earlier Relevant ReConsider Episodes