The Party Knows Best: Aligning Economic Actors with China’s Strategic Goals
Nov 22, 2023
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Max Zenglein, Chief Economist at the Mercator Institute for China Studies, discusses his recent report on aligning economic actors with China's strategic goals. They explore the establishment and focus of Merrick's, perceptions of European companies on the Chinese economy, China's vision for a new development path, reinforced controls and deep linkages, and transitioning to a consumption-led growth model in China.
The Chinese government has taken deliberate actions, including crackdowns on the real estate sector, to steer the country's economy and manage household sentiment.
European companies need to understand the structural changes and complexities in the Chinese market in order to align their strategies accordingly.
Deep dives
China's evolving political system and economic actors aligning with strategic goals
China has emerged as one of the 21st century's most consequential nations, and understanding its governance is crucial. The podcast discusses how economic actors in China are aligning with the country's strategic goals.
China's economic growth, government actions, and the real estate sector
The podcast explores the rollercoaster ride of China's economy since the pandemic, highlighting deliberate government actions, especially in cracking down on the real estate sector. It also discusses the impact on household sentiment and the vulnerability of the economy.
European companies' perspectives and cautiously optimistic outlook in China
Discussions with European companies reveal varying degrees of optimism about the Chinese economy. However, there is a need for companies to understand the structural changes and complexities in the market and align their strategies accordingly.
Xi Jinping's new policies, dual circulation strategy, and China's position in the global economy
The podcast examines Xi Jinping's policies and the dual circulation strategy. China aims to boost domestic consumption, climb global value chains, and expand its ties to the global economy while maintaining control over international trade and finance.
In this episode of Pekingology, Freeman Chair in China Studies Jude Blanchette is joined by Max Zenglein, Chief Economist at the Mercator Institute for China Studies (MERICS) to discuss his recent report, co-authored with MERICS Lead Analyst Jacob Gunter, entitled “The Party Knows Best: Aligning Economic Actors with China’s Strategic Goals.”
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