Excess Capacity in China

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The Chinese government talks about excess capacity in the private export settr. But there's a huge demount in the world economy to absorb this kind of consumer goods created byit by the chinese export sector. In ther sten, enterprise, local government dominated heavy industries and son and they create a lot of excessive capacity. The real estate sector is also connected to the state in many ways.

Part one of a two-part interview with sociologist Ho-fung Hung on Chinese political economic history from the 18th century to 2008: why capitalism took off in England and then elsewhere but not in China; and then, how Maoist policy laid the groundwork for China’s ultimate capitalist takeoff and boom. Episode two will focus on the 2008 financial crisis, the deepening imbalances and heightened geopolitical conflict that resulted, and the current situation—including the impact of the crises surrounding Russia’s invasion. Support The Dig at Patreon.com/TheDig