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.
Journalist Te-Ping Chen on her short fiction collection, Land of Big Numbers
The Xinjiang camps on Clubhouse
China’s struggle for tech ascendancy, with Dan Wang of Gavekal Dragonomics
Talking Taiwan with former national intelligence officer Paul Heer
A new U.S. strategy in East Asia, from the Quincy Institute
China's judicial decisions database and what it means
Ryan Hass on the Biden administration's China direction
Ian Johnson and Lin Yao on "liberal" Chinese Trump supporters
Historian James Carter on the final days of Old Shanghai
Veteran diplomat Evan Feigenbaum on U.S. policy in a changing Asia
China and India: Pallavi Aiyar and Ananth Krishnan on mutual misperceptions
Is coercive environmentalism the answer?
Chilies and China: Brian Dott on how a New World import defined regional cuisines in China
Jennifer Pan studied clickbait in Chinese propaganda. You won’t believe what she discovered!
Rana Mitter on the reshaping of China’s World War II legacy
A China policy for the progressive left
The wuxia storyverse of Peter Shiao
Southeast Asia in the dragon's shadow: A conversation with Sebastian Strangio
The American journalists still in China
The fight over Inner Mongolia's "bilingual education" policy
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