Christopher Balding, a senior fellow at the Henry Jackson Society and founder of New Kite Data Labs, dives deep into the dire state of China's economy, revealing that even Xi Jinping may not fully grasp the extent of the disaster. He discusses unsustainable debt levels and the looming housing crisis, contrasting government optimism with harsh realities on the ground. The rising youth unemployment is reshaping career choices, while the Communist Party's increasing influence distorts market dynamics. Balding warns of potential instability amidst tightening government control.

Christopher Balding, Senior Fellow at the Henry Jackson Society and founder of New Kite Data Labs, discusses China's economy, the overvaluation of real estate, the comparison of China's bailout with the US's, increasing debt and unsustainable infrastructure model, the impact of higher education investment, and the environmental impact of Chinese electric vehicles.