This week on Sinica, Kaiser chats with Bloomberg’s chief economist, Tom Orlik, about his new book, China: The Bubble That Never Pops. A longtime resident of Beijing, Tom wrote for the Wall Street Journal before joining Bloomberg as chief Asia economist. His book argues that Beijing's leaders have learned valuable lessons from their own history and from the experiences of other countries, and applied them well to China's own economy.
5:33: The bears have it wrong on China
10:08: Debt obligations and local government finance
18:29: What the Chinese leadership has learned, and what it hasn’t
30:21: Shadow loans, and the shadow banking sector
47:42: The tools that China’s central banks have to deal with risk
Recommendations:
Tom: China’s Unfinished Economic Revolution, by Nicholas R. Lardy, and The Story of the Stone, or The Dream of the Red Chamber, Vol. 1: The Golden Days, by Cáo Xuěqín 曹雪芹, translated by David Hawkes.
Kaiser: The 2010 Chinese television series Three Kingdoms.
China policy and the American presidency
Former NSC official Jeff Prescott on China-Iran relations
Observing Taiwan’s presidential election
Military modernization in Xi Jinping’s China
The Hong Kong protests: The view from campus
Gary Rieschel of Qiming Venture Partners on VC, tech, and the U.S.-China relationship
A conversation with Gary Locke
Yangyang Cheng Live at NEXT China
Big Brother and big data at work in Xinjiang
Dynasty warriors: Ming vs. Qing smackdown
China and the techno-authoritarian narrative
Fuchsia Dunlop on ‘The Food of Sichuan’
Philanthropy in China, with Scott Kennedy of CSIS
Jerome Cohen on the Hong Kong protests and the law
Neil Thomas on regime support in the P.R.C.
Live from Columbia: China tech triage with Samm Sacks
Jude Blanchette on the Hong Kong protests
Podcast Golden Week: TechBuzz China Ep. 53: NetEase
Podcast Golden Week: Peter Hessler on ChinaEconTalk
Podcast Golden Week: Ta for Ta Episode 22
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