Sinica Podcast Industrial Policy, "Overcapacity," and U.S.-China Trade: A Conversation with Cambridge's Jostein Hauge
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Jun 10, 2025 Jostein Hauge, a political economist and Assistant Professor at the University of Cambridge, dives into the complexities of U.S.-China trade and industrial policy. He discusses the anti-China sentiment prevalent in Western discourse and how misconceptions shape these narratives. Hauge elaborates on China's evolving industrial approaches, questioning the sustainability of its capacity and the implications for global trade. He also highlights China's advancements in renewable energy and critiques the simplistic views surrounding its economic model, emphasizing the need for deeper understanding and constructive competition.
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Roots of Western Anti-China Sentiment
- Anti-China sentiment in the West stems from a mix of economic anxiety, ideological antagonism, and cultural bias.
- There's a subconscious belief that wealthy countries should remain dominant economically and politically.
Understanding China's Industrial Growth
- China's industrial rise is often criticized as "overcapacity" but export-led growth is natural for developing countries.
- Western corporations have deeply benefited from China's integration into the global economy.
China's Unprecedented Manufacturing Surge
- China's rapid share of global manufacturing is unprecedented in modern history.
- This scale of industrialization surpasses Japan's and closely parallels the U.S. rise in the late 1800s.
