Ep. 229: Brad Setser on Yen Carry Trade, US-China Trade, and US Profit Offshoring
Macro Hive Conversations With Bilal Hafeez
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Navigating China's Economic Data and Trade Dynamics
This chapter explores the complexities of China's current account and balance of payments, particularly focusing on the changes and methodology behind the reported data. It discusses the implications of evolving trade patterns, the impact of U.S. interest rates on Chinese investments, and debates surrounding currency manipulation. Additionally, the chapter examines the potential changes in U.S. trade policies and tariffs depending on political outcomes, emphasizing the importance of comprehensive industrial strategies to address economic dependencies.
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