The President's Daily Brief PDB Situation Report | April 26th, 2025: Inside China’s Struggling Economy & Kashmir Attack Sparks Crisis Between Nuclear Rivals
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Apr 26, 2025 Christopher Balding, a former professor of economics at Peking University, and Siddhant Kishore, a security researcher at the Institute for the Study of War, dive into critical global tensions. Balding analyzes the ongoing U.S.-China tariff war, shedding light on the complexities of China's economy and trade strategies. Kishore discusses the recent terror attack in Kashmir, emphasizing its potential to escalate conflict between India and Pakistan. Their insights reveal the intricate balance of international diplomacy during these fraught times.
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Balding's Censorship Experience
- Christopher Balding tweeted about Chinese government censorship of academic journals and faced backlash.
- He was fired in 2018 after criticizing government censorship, signaling China's tightening control.
China's Trade War Adaptation
- China's trade surplus didn't shrink due to tariffs; exports shifted through other countries.
- China increased sales to third countries while U.S. imports from China declined substantially.
Unreliable Chinese Data
- Chinese economic data is largely fabricated and regularly revised, making it unreliable.
- Most economic reporting is done outside China with limited local insight, skewing accuracy.