The Economics Show
What does the US get wrong about China? With Adam Posen
Jul 22, 2024
Adam Posen, President of the Peterson Institute for International Economics, discusses the US's tough stance on China. Topics include China's economic shift under President Xi, US misconceptions about manufacturing, unilateralism in economic policies, proposed changes in US policy towards China, and counterarguments to views on China's economic behavior and national security.
35:48
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Quick takeaways
- A hard line on China may not be the best approach due to concerns about China's tightening control under President Xi.
- Debates on fair competition practices arise from fears of Chinese exports flooding global markets in critical sectors like electric vehicles.
Deep dives
US-China Relationship Shift
The US-China relationship has shifted dramatically from a hopeful engagement approach to one characterized by anxiety and national security concerns. China's economic growth hasn't led to anticipated democratic changes, causing unease in the US. The discussion with Adam Posen from the Peterson Institute highlights concerns about China's tightening control under President Xi and the impact on economic growth.
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