The Economist's editor-in-chief, Zanny Minton Beddoes, discusses Xi Jinping's economic plan and China's relationship with America. They explore China's technological ambitions, lack of confidence among investors, and the challenges of a centralized decision-making system.
China is shifting towards high-end manufacturing for technological self-reliance and global competitiveness.
Experts have doubts about the efficacy of Xi Jinping's economic plan, citing concerns about lack of confidence and missed opportunities.
Deep dives
US-China Relations in Geopolitical Focus
The podcast delves into the evolving dynamics of US-China relations, highlighting recent talks between President Xi Jinping and American business leaders to ease tensions. It questions whether this signals an improvement in bilateral relations and reflects on the past downward spiral in ties.
China's Strategic Focus on High-End Manufacturing
The episode explores China's shift towards high-end manufacturing as a strategic move to ensure technological self-reliance and enhance global competitiveness. It emphasizes the massive government investment in new quality productive forces, signaling a departure from traditional economic policies.
Concerns over Chinese Economic Outlook
There is a pervasive sense of gloom about China's economy among professionals and experts, with doubts raised about the efficacy of the government's current economic plan. The podcast highlights concerns about lack of confidence, policy direction by a single individual, and potential missed opportunities for economic recovery.
Impact of China's Industrial Policy on Global Trade
The episode discusses the implications of China's industrial policy on global trade relationships, with insights into the geopolitical strategies intertwined with economic decisions. The podcast raises questions about China's export-led manufacturing approach and its repercussions on international trade dynamics.
The Economist’s editor-in-chief Zanny Minton Beddoes was recently in Beijing for the China Development Forum, an annual gathering where senior Chinese officials meet foreign business bosses.
She joins our Beijing bureau chief David Rennie to assess Xi Jinping’s new plan to escape economic stagnation. Plus, what is the outlook for China’s relationship with America?