A Rising China Flexes Its Muscles

Published on
December 17th, 2018
25 minutes

A Rising China Flexes Its Muscles

The Expert View ·
Featuring Chris Balding

Published on: December 17th, 2018 • Duration: 25 minutes

Chris Balding, Associate Professor at Peking University, discusses the intersection of finance and politics, China trade policy, and China's big data challenges. Balding drills down into the deleveraging of Chinese debt, and sheds light on how the Chinese leadership views the risk of a future financial crisis. Filmed on May 29 in New York.


  • BP
    Byron P.
    6 January 2019 @ 08:25
    when has a government ever been able to prevent a crisis? a devaluation is the same thing; it is the same as a default.
  • BY
    Bowie Y.
    21 December 2018 @ 08:24
    stability at all cost
  • BH
    Bin H.
    21 December 2018 @ 04:57
    Totally agree with the last point
  • MP
    Matthew P.
    18 December 2018 @ 06:20
    China's AI industry received 60% of the world's funding for AI between 2013-2018 and ranked 1st in the quantity and citation of research papers. Usa currently outperforms only due to ip restrictions but he is dismissing China’s AI potential based on assuming they can’t parse data? He lost all credibility after that, they are parsing data on a state credit system with ML face recognition far better than anyone else in the world as we speak; and that’s just a project they have made public. Can only speculate what’s behind the curtain as Xi’ 2025 speech is brought to fruition. During his speech he has a copy of the master algorithm on his bookshelf, some dense stuff in that book and suggests he recognizes the true profound change ML is bringing. Usa is competing with China’s ruthless harmonious and focused rise while we can’t even agree on what bathroom to use.
    • DR
      David R.
      20 December 2018 @ 10:34
      Also, the chinese AI totally crushed the best of the US, AlphaGO, when google finally showed up to the contest this year in Seoul. It was an embarrassment, clearly demonstrating the US is way further behind than the worst fears. No wonder guys like lead AI engineer for microsoft quit and moved to china where the action is today. American AI just makes a driverless car (figures, cars), while China AI is developing next-gen products that will make Western tech obsolete (eg., Huawei is the ONLY company ALREADY offering fully operational 5G today.). I get it that the Chinese stole IP for years (exactly like the US stole British IP even more so a century ago), but If anyone needs to be concerned about tech IP theft today, it's the chinese who need to worry about IP theft from the West in certain fields in which they're clearly ahead. And don't think it doesn't happen.
  • MC
    Matthew C.
    17 December 2018 @ 11:09
    A lot would have appeared to have changed for Mr Balding since this video was filmed in May. Based on his twitter feed, which i have followed for a few months now, this was a very watered down interview. Get him back and do it again with the fireworks.
    • PU
      Peter U.
      18 December 2018 @ 10:30
      what is his twitter handle?
    • NT
      Naser T.
      19 December 2018 @ 01:55
      Is his handle twitter @BaldingsWorld? If it is, we need a part two to this interview. The nature & tone of his posts are considerably different than this video (I know it's 7 months old).
  • CT
    Craig T.
    18 December 2018 @ 00:46
    The last 2 minutes of Chris' talk contains the critical information. i.e, China will likely have a credit crunch BUT it will not cause a massive Geo-political event. Xi will use all the powers of the CCP and army to maintain order. The economy may change in unknown ways, but China will NOT collapse. The West will then be unlikely to know what happens in China. Xi has been restricting Western access to China and tightening up on uncensored, raw information leaving China for years. I expect China's borders to be information-sealed after the event.
    • F
      Floyd .
      19 December 2018 @ 00:47
      My guess is that there were many that thought the old Soviet Union would try to do anything to avoid collapse.
  • AP
    A P.
    17 December 2018 @ 15:36
    Please bring Michael Pettis, quality of the content will be staggeringly different: https://www.youtube.com/watch?v=-lcEaKqSijc
    • KS
      Kathleen S.
      18 December 2018 @ 05:49
      I watched the video -- very informative -- Thanks
    • PJ
      Peter J.
      18 December 2018 @ 10:22
      A P , thanks for the link, probably the best presentation I've seen on China to date, that includes all of the content on RVTV.
  • ah
    ahmed h.
    18 December 2018 @ 09:22
    this was filmed on 29MaY? is that right? agree with the last bit - stability stability stability!
  • JL
    James L.
    18 December 2018 @ 08:12
    LOL @ him saying the Aus government reports on Chinese influence.. they literally could not bend over any further backwards to accommodate Chinese investment. Everywhere you go you can see investment and migration advertising directed only to Chinese. While they prosper in our country, us natives suffer. Massively unaffordable housing. Baby formula shortages. Acres of farmland sold to Chinese for a song.
  • JL
    James L.
    18 December 2018 @ 07:53
    why publish this 6 months late????
  • TS
    Thomas S.
    18 December 2018 @ 06:23
    Interesting presentation Comrade
  • GO
    Gary O.
    18 December 2018 @ 05:56
    No wonder it sounded familiar.
  • MC
    Michael C.
    18 December 2018 @ 04:46
    Filmed in May. Would be interesting to hear an update.
  • mh
    matthew h.
    18 December 2018 @ 04:23
    filmed in may? wtf..
  • RZ
    Ray Z.
    18 December 2018 @ 04:15
    Brilliant. Precise on CCP mental behavior. Ppl should look back to Soviet to understand CCP mentality.
  • DS
    David S.
    17 December 2018 @ 20:26
    How much of the personal debt is mortgage debt on primary residences? DLS
  • DS
    David S.
    17 December 2018 @ 19:28
    When the Chinese government saw global corporations moving thousands/millions of Chinese jobs to lower production-cost countries, they may have made the same observation that the Trump administration did about unfettered world trade and local jobs being lost. Is the goal of the USA and/or China to maximized world trade at any cost to themselves? This is not a defense of either China or the USA trade tactics, just that in this one point there may be a common thread. DLS
  • SS
    Simeon S.
    17 December 2018 @ 18:44
    Well, China has the luxury of a large economy to write their own rules. Take it or leave it. US would do the same in their position, let’s be honest.
  • AP
    A P.
    17 December 2018 @ 15:16
    Filmed on MAY 29 in New York. Either there is a mistake in this date or publishing a video 7 months later is the new record... But I don't think so as he left China in July (Explaining why in a great essay - http://bit.ly/2GpLVdI) but still introduces himself as a professor there...
    • GT
      GAVIN T.
      17 December 2018 @ 17:27
      wow... thanks for the essay. he lays out why there is a huge fundamental divide that is deeply rooted and will not be resolved in 90 days (or maybe ever).
  • HO
    H2 O.
    17 December 2018 @ 13:36
    Nothing new here. Doesn’t seem very plugged in to the very real disagreement inside policy making circles in China over the direction things are heading. Foreigners who don’t speak Chinese miss the forest and the trees.
  • OT
    Omar T.
    17 December 2018 @ 13:32
    I think the last two minutes were rushed and needed further development because everything before that has been said before for the most part by others. What kind of things does he think China would do "at all costs" to push off a crisis? what is the timing of all this from his perspective? Etc. What does the world look like if China does anything at all costs to push off a crisis?
  • OT
    Omar T.
    17 December 2018 @ 13:15
    they missed chapter headings in this video, otherwise great video
  • SN
    Scott N.
    17 December 2018 @ 12:23
    download audio link?
  • JS
    John S.
    17 December 2018 @ 11:53
    Brilliant interview. Chris has really got his finger on the pulse of what is actually happening and articulated this excellently
  • JA
    James A.
    17 December 2018 @ 10:09
    Good fundamental value add talk. Enjoyed.. Xie xie Chris