A Vulnerable China Comes to the Table
The Daily
00:00
China's Economic Crisis: Challenges and Shifts
This chapter examines the economic difficulties China faces as escalating U.S. tariffs exacerbate a housing market crisis and impact household finances. It discusses the transition of China's economy, shifting from a reliance on exports to addressing domestic consumption challenges and the implications of high savings rates and limited social safety nets. The chapter further explores governmental strategies in response to downturns, including redistributing lending from real estate to manufacturing, while highlighting ongoing struggles in various sectors.
Transcript
Play full episode
