Economist Podcasts
When politics dictates policy: China’s faltering economy
Sep 29, 2023
Simon Cox discusses China's economic woes, detailing the struggles in the real estate sector and the political constraints on the central bank. Shashank Joshi reveals how Russian spies exploit Latin American identities to operate in Europe, highlighting the geopolitical backdrop. Anne Rowe reflects on Colombian artist Fernando Botero, noting his signature style and the societal commentary woven into his work. Together, they explore the intertwining of politics and art in today's complex global landscape.
25:11
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Quick takeaways
- China's struggling economy is hindered by political constraints, limiting bold stimulus measures.
- Latin America is a favorable ground for Russian espionage due to proximity to the US, corruption levels, and a politically favorable environment.
Deep dives
China's struggling economy and the challenges it faces
China's struggling economy is facing multiple challenges, including regulatory changes, spooked consumers, and global economic weakness. The response from the government has been hesitant and cautious, with minimal interest in bold stimulus measures. Political constraints and concerns about currency erosion and banking system squeeze have limited the central bank's ability to take more dramatic actions. The responsibility for reviving the economy falls on Prime Minister Li Chang, though he is seen as weak and lacks the clout and independence to make significant changes. The central government could invest in public infrastructure or provide consumer handouts, but so far, there has been limited action.
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