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.
The Philadelphia Orchestra commemorates the 50th anniversary of its groundbreaking China tour
Ian Johnson on "Sparks," his new book on China's underground historians
U.S. Congressman Rick Larsen (D-WA) on his new U.S.-China policy white paper
The case for the U.S.-China Science and Technology Agreement
The Rise and Fall of the EAST: MIT's Yasheng Huang on his new book
China Stories summer special: The best of This Week in China's HIstory
Wargaming a Taiwan invasion scenario: Lyle Goldstein on the CSIS wargame “The First Battle of the Next War"
The state of play of generative AI in China, with Paul Triolo
Is the Biden administration resetting U.S.-China relations?
The CFR Taiwan task force report: advice and dissent, with Maggie Lewis and Paul Heer
Transnational repression and China's "overseas police stations," with Jeremy Daum of Yale's Paul Tsai China Law Center
China after COVID: UPenn's Neysun Mahboubi reports on scholarly exchange in a tightening political space
China's Military-Civil Fusion program: CNAS fellow Elsa Kania on the myths and realities
Mr. Blinken goes to Beijing, with former NSC China Director Dennis Wilder
Economist Keyu Jin on her new book, "The New China Playbook"
David Ownby of ReadingtheChinaDream.com on the intellectual mood in China
Curtain-raiser on the Shangri-La Dialogue, with the man who runs the show: James Crabtree of IISS
Harvard's William Kirby on China's higher education system and his book "Empires of Ideas"
Does the Capvision raid signal a crackdown on consultancies in China? The China Project's CEO Bob Guterma, formerly of Capvision, weighs in
China's draft regulations on generative AI, with Kendra Schaefer and Jeremy Daum
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