Economist Podcasts Drum Tower: Xi’s doomed economic plan
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Apr 9, 2024 Zanny Minton Beddoes, Editor-in-chief of The Economist, shares her insights on Xi Jinping's ambitious but questionable economic plans during the China Development Forum in Beijing. She discusses the intricate relationship between China and the U.S., reflecting on the cautious optimism in diplomatic communications. The conversation reveals concerns about China's resistance to expert advice that could stifle economic recovery. Beddoes also highlights the challenges posed by China's focus on domestic security, which could lead to skepticism in global markets.
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The China Development Forum Atmosphere
- Zannie Minton Beddoes attended the China Development Forum in Beijing.
- She observed Western CEOs carefully crafting their statements, balancing flattery with their message.
High US-China Tensions in 2023
- US-China tensions were high in Spring 2023, following the spy balloon incident.
- A Chinese acquaintance of Zannie Minton Beddoes suggested rereading "The Guns of August," highlighting the perceived risk of conflict.
Eased Tensions, Economic Concerns
- While immediate US-China tensions have eased, economic concerns remain.
- Zannie Minton Beddoes observed widespread pessimism about the Chinese economy.
