"Econ 102" with Noah Smith and Erik Torenberg cover image

The 2nd China Shock: Why Chinese Companies Are Making Zero Profit

"Econ 102" with Noah Smith and Erik Torenberg

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China's Belt and Road: A Double-Edged Sword

This chapter examines the unintended consequences of China's Belt and Road Initiative, which, while aimed at boosting infrastructure in developing countries, has led to diplomatic failures and dissatisfaction. It also addresses the economic issues plaguing China, including unprofitable state-owned enterprises and a collapsing real estate market, raising concerns about a potential economic downturn.

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