The Chinese Economy: Challenges and Potential

The podcast episode features discussions with Keijin and Yoruk Utka about the Chinese economy. Keijin emphasizes that cyclical factors, such as the pandemic and crackdowns, have contributed to the economic troubles faced by China. She believes that the real estate sector and post-pandemic recovery are sources of economic malaise. However, she sees great potential for China's economy, particularly in closing the gap for the 900 million people living under $300 per month and unleashing the consumption power of migrant workers. She argues that China's focus on innovation and productivity, along with its large-scale investments in cutting-edge technologies, demonstrates a commitment to economic development. Yoruk highlights the challenges facing European businesses in China, including overexposure and lack of market access. Despite this, he emphasizes the necessity for European companies to stay in China due to its market size and dominance in areas like automobiles and chemicals. He also discusses the importance of China's engagement in technological advancements and the need for policy reforms to address economic concerns.