The Prof G Pod with Scott Galloway China Decode: Inside China’s Economic Slowdown — and the Gig Workers Keeping It Moving
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Nov 25, 2025 Explore the factors behind China’s economic slowdown, from faltering investments to consumer demand. Delve into the interesting dynamics of the AI bubble, with insights on how it contrasts between the U.S. and China. Uncover China's duality in climate leadership—deploying renewable energy while remaining the largest coal consumer. Hear stories from the heart of the gig economy, highlighting the human cost of precarious work and rising inequality. The conversation wraps with intriguing predictions on China's economic future and services.
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Investment-Led Growth Is Unwinding
- Fixed asset investment is plunging and driving China's slowdown, with real estate and manufacturing notably weak.
- This decline signals a structural reordering away from four decades of investment-led growth rather than an immediate collapse.
Anti-Involution Is Cutting Overcapacity
- Beijing's anti-involution push is deliberately stripping overcapacity and reducing manufacturing investment.
- James Kynge argues this could produce stronger, more profitable firms rather than systemic collapse.
Rebalancing Often Reverts Without Policy Support
- Alice Han warns rebalancing often becomes a 'cha-cha' of one step forward, two steps back due to political and fiscal incentives.
- Local governments' debt pressures and reallocating bond proceeds to pay liabilities weaken infrastructure spending.
