"Econ 102" with Noah Smith and Erik Torenberg cover image

J.D. Vance, Biden's Path Forward, and Silicon Valley’s Shift to Trump

"Econ 102" with Noah Smith and Erik Torenberg

00:00

China's Peak Power and Impending Economic Weakening

Despite currently being at the peak of its power, China will face economic challenges in the future due to the aging population and the impending effects of the real estate bust. These factors will gradually drain growth and demand from the economy, leading to a slowdown and weakening by the 2030s. To counterbalance this, China is providing substantial subsidies to industries like cars, machine tools, and chips.

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