China and russia occupy very different places in the global economy. This constrains china from pursuing anything like the autarchic strategy to protect itself, he says. But on the other hand, would china's place in the globaleconomy also constrain the us? Hegemone to punish china in the way that it currently punishing russia could be catastrophic for the globe.
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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