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Manifold
Seeking Truth From Facts: Alf & Steve Hsu — #68
Sep 12, 2024
Steve Hsu, an expert on the Chinese economy and political system, dives into the complexities of US-China relations and geopolitical dynamics. He highlights the shift in trade strategy, particularly the impact of recent US chip sanctions on China. Hsu examines China's meritocratic government structure, contrasting it with Western perspectives, and discusses important economic challenges, including a property bubble and shifts toward high-quality growth. The conversation also touches on the intricate relationships among China, Russia, and the West, revealing layers of strategic maneuvering.
55:06
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Quick takeaways
- The podcast discusses the US's shift from free trade to protectionism as a response to China's rising global competition.
- Steve Hsu emphasizes China's focus on high-quality growth amid economic challenges, highlighting advancements in technology and manufacturing.
Deep dives
The Shift in US Trade Policy
The discussion revolves around the shift in US trade policy from promoting free trade to adopting a protectionist approach, particularly in response to China's rise as a global competitor. This strategic change marks a significant departure from the US's historical stance as a champion of free trade, and prominent commentators suggest that this move reflects a broader reorientation towards geostrategic interests. The host and guest explore theories of this shift, with one point positing that such shifts often occur once a dominant power feels threatened by rising challengers like China. They also suggest that this protectionism might halt or reverse globalization trends, leading to increased friction between the US and China.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode