Ones and Tooze
COVID-19’s Long Shadow, Part 3
Mar 15, 2024
This podcast explores China's economic transition to a consumption-based model, the challenges of migration movements in China, global economic impacts of COVID-19, and the complexities of education policy and reparations post-pandemic.
47:55
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Quick takeaways
- China aims for 5% economic growth amid challenges like property crisis, highlighting need for rebalancing.
- Transition from investment-based to consumption-based economy in China following deliberate deflation of real estate sector.
Deep dives
Impact of China's 5% Growth Target on the Global Economy
China's government tackles transforming its economy with a growth target of around 5%. Premier Li Chang acknowledges the challenges in reaching this target due to issues like a property crisis. Analysts question the reliability of this target, hinting at potential manipulation of data. The rebalancing of China's economy is seen as crucial for future growth.
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