Arsenal of Democracy
15: The Chinese Economy Is Weaker than You Think (feat. Tom Duesterberg)
Dec 6, 2023
Tom Duesterberg, a Hudson Senior Fellow, discusses China's economic weaknesses and proposes policy strategies, including export controls and ally collaborations. The podcast explores China's economic growth, geopolitical ambitions, hidden transactions, and impact on manufacturing.
30:11
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Quick takeaways
- China's economy is standing on fragile foundations and could be headed for a downturn due to internal weaknesses.
- China's aggressive foreign policy, aimed at acquiring resources, disrupts global markets and poses geopolitical challenges.
Deep dives
China's Vulnerability to Economic Slowdown
The podcast discusses the vulnerability of China's economy and the possibility of an impending financial crisis. The guest, Thomas Dersterberg, argues that China's economy is weaker than commonly believed and lacks internal means to stimulate growth. He highlights the Chinese government's systematic undermining of global economic institutions and the negative impact on international trade. The country faces economic problems such as a real estate Ponzi scheme, overleveraging, and a debt-ridden government. Dersterberg suggests that China relies on financing from the West and trade surpluses to sustain its growth.
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