US President Donald Trump has railed against his country’s trade deficit with China. But as Chinese surpluses continue to flow into other countries, it’s worth asking how China got to where it is today, and whether Chinese growth can lift all boats. In this week’s episode, Martin Sandbu, the FT’s European economics commentator, speaks to Michael Pettis, senior fellow at the Carnegie Endowment. He’s the author of several books, including most recently co-author of Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace.

Listen to bands signed to the record label Maybe Mars, formerly owned by Michael Pettis, here, including Carsick Cars, Yang Fan, PK14 and White+

Find details of Michael Pettis’ book choice, Martin Daunton’s The Economic Government of the World, here

Martin Sandbu is the FT’s European economics commentator and writer of the Free Lunch newsletter. You can sign up for his newsletter here and read his articles here.

Subscribe to The Economics Show on Apple, Spotify, Pocket Casts or wherever you listen.

This episode was produced by Josh Gabert-Doyon with original music and sound design from Breen Turner and Sam Giovinco. Our executive producer is Manuela Saragosa. Andrew Giorgiadis is our broadcast engineer.

Read a transcript of this episode on FT.com

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