41:54

EssentialMake or Break: China

China: The Next Five Years and Beyond

Featuring Victor Shih and Maggie Lake

Oct 24, 2022 • 41 minutes

209

2

Essential

Make or Break: China

China: The Next Five Years and Beyond

Ponzi-like characteristics of the Chinese economy are growing more prominent, according to Victor Shih.

Featuring Victor Shih and Maggie Lake

Oct 24, 2022 • 41 minutes

Last week, China delayed the release of major economic data, including third-quarter gross domestic product, industrial production, and retail sales, as the ruling Communist Party gathered for its twice-a-decade congress to establish priorities for the next five years. The “adjustment to work arrangements” fits the hypothesis of Victor Shih, an associate professor at U.C. San Diego and an expert on Chinese elite politics. Shih says that in order for China to continue to grow, it must isolate itself from the global financial system. He joins Maggie Lake to talk about President Xi Jinping’s grip on power, the difficulty of understanding its intentions toward Taiwan, and China’s many economic problems. An “extend and pretend” approach could achieve positive growth over the next few years, says Shih, but it will be extremely difficult for Beijing to avoid a major disruption down the road. Recorded on October 17, 2022. Show More

What happens in the coming months will define the global economy for years to come. Real Vision's Make or Break series helps you understand the key drivers at this crucial juncture with acute attention to China. Our in-region experts will walk you through scenarios of what happens as China reopens, and what that means for the global economy and investors.

More Episodes

What happens in the coming months will define the global economy for years to come. Real Vision's Make or Break series helps you understand the key drivers at this crucial juncture with acute attention to China. Our in-region experts will walk you through scenarios of what happens as China reopens, and what that means for the global economy and investors.

More Episodes

COMMENTS

Sort By
  • Newest First
  • Oldest First
  • Top Rated
  • Most Discussed
  • Most Controversial

Access Essential Content

This content is reserved for the thousands of visionaries supporting the financial revolution. We'd love for you to join us. Interested?

See Our Plans

Already have an account? Log In