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The Intelligence from The Economist
When politics dictates policy: China’s faltering economy
Sep 29, 2023
25:11
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This podcast discusses China's faltering economy and the challenges it faces, including the struggles of the property developer Evergrande. It also explores potential policy measures and the impact of a future Communist Party meeting. Additionally, it talks about Russian spies in Europe, particularly those working under false identities, and explores the life and art of Colombian artist Fernando Botero.
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Quick takeaways
- China's government is hesitant in responding to their struggling economy due to political constraints and caution by central bankers.
- Latin America is a favorable ground for Russian spies due to proximity to the United States, corruption levels, and lack of professionalism in local intelligence agencies.
Deep dives
China's economic slowdown and hesitant response
China's struggling economy is facing a slowdown, partly due to changes in the housing market and global economic weakness. However, the Chinese government has been hesitant in its response to the downturn, with limited interest rate cuts by the central bank. Political constraints and caution on the part of China's central bankers contribute to the timidity. The usual responder to an economic slowdown, the Prime Minister, lacks the influence and assertiveness needed to boost confidence and stimulate the economy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode