#227 China Is DESPERATELY Trying to Stop a Recession
Nov 13, 2023
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China's desperate efforts to prevent a recession through shortsighted measures. Panda diplomacy and the cuteness factor. The aesthetics and significance of large concrete structures in China. China's economic downturn and export strategy. Career prospects in the military and the implications of a war economy. Controversial gaming content and the upcoming APEC Summit. Authoritarian countries in the UN and the potential consequences of panda diplomacy.
China is trying to prevent a recession by focusing on high-tech industries, but experts question its sustainability.
The outcome of the Biden-Xi meeting at APEC will shape future US-China relations amid concerns of military conflict.
China's recall of loaned pandas suggests economic challenges and a need to focus on domestic priorities over soft power strategies.
Deep dives
Biden and Xi Jinping to Meet at APEC Summit
US President Joe Biden and Chinese leader Xi Jinping are scheduled to meet at the APEC Summit, marking their first in-person meeting in over a year. The meeting comes as the US is concerned about China's military aggression, particularly in the South China Sea, and aims to address growing tensions between the two countries. The outcome of the meeting is uncertain, as China's economic slowdown and the US' stronger position may impact the dynamics of the discussion.
China's Attempt to Build a Wartime Economy
China is making efforts to build a wartime economy, focusing on high-tech industries such as AI, electric vehicles, and renewable energy. However, experts question the feasibility of China's plan and suggest that it may not lead to sustainable economic growth. Furthermore, China's recent military aggression and trade practices have raised concerns among other countries, leading to potential trade disputes and tariffs on Chinese exports. The success of China's wartime economy remains uncertain amid a changing global landscape.
US-China Relations and the APEC Summit
The APEC Summit is set to take place this week, bringing together world leaders, CEOs, and thought leaders. The meeting between US President Joe Biden and Chinese leader Xi Jinping holds significance, as it may shape future US-China relations. The resumption of military-to-military communications between the countries is expected, while concerns of accidents escalating into a conflict loom. The outcome of the summit and the bilateral meeting will determine the trajectory of US-China relations in the near future.
Panda Diplomacy and China's Economic Challenges
China's recent decision to recall pandas loaned to foreign zoos indicates potential economic challenges faced by the country. With the Chinese economy slowing down, excess capacity in industries like manufacturing poses a threat. China's historical reliance on exporting goods to boost the economy may lead to dumping practices, trade disputes, and potential tariffs. The recall of pandas may signify China's need to focus on domestic economic priorities rather than rely on soft power strategies. The implications of these economic challenges for China's global standing remain uncertain.
Importance of Dialogue and Communication
Amidst tensions and conflicts between countries like the US and China, maintaining channels of communication and dialogue is crucial. While the dynamics of international relations are complex, dialogue can serve as a means to prevent misunderstandings and unintentional escalations. However, it is essential to approach such dialogue from a position of strength, ensuring that interests and boundaries are respected. Effective communication can help resolve conflicts, prevent accidents, and ensure stability, even in the face of geopolitical challenges.
The Chinese government is desperately trying to stop a recession, or at least slow it down so it doesn't result in societal collapse, but it's going about it in very shortsighted ways. In this just us episode of China Unscripted we discuss the economy, China's panda diplomacy, and the Biden-Xi meeting at APEC.
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