After two thousand nine and two thousand ten, the strong wee bound, you see the chinese economis start to slow down drastically. And then it becomes an excess capacity that as the high speed rail is held by many as a success story of trying a new thing. But the profitable lines of the high speed railway is not many, many lines a lot profitable. So that this kind of ded addiction is just like drug addition, that that you every time you have a rebounde because of the debt fielded investment,. You va temporary abust in economic activities and g d p. After that that, you goo go to a kind of stagnation, or even a contraction in production.
The second of our two-part interview with sociologist Ho-fung Hung on Chinese political and economic history. This episode covers the 2008 financial crisis, how China’s response deepened global and domestic economic imbalances and (alongside the US) heightened geopolitical conflict, the current situation—including Russia’s invasion—and a lot more. Listen to part one first if you haven't already.
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