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.
Xiong'an: Techno-natural utopia or authoritarian folly?
Earth Day episode: How can the U.S. and China cooperate on climate in this era of competition?
Legendary CNN reporter Mike Chinoy on his book and documentary series "Assignment China"
As the U.S. and China part ways, the Global South finds its own path, with Kishore Mahbubani
Sinica at the Association for Asian Studies Conference, Boston 2023: Capsule interviews
The Maoist legacy in Chinese private enterprise, with Chris Marquis
Beijing brokers a Saudi-Iranian rapprochement, with Tuvia Gering
The Xi-Putin meetings, with Maria Repnikova
The expansion of China's administrative state during COVID, with Yale Law's Taisu Zhang
Jude Blanchette on the Select Committee and the American moral panic over China
Inside Tencent's "Influence Empire," with Bloomberg's Lulu Chen
China and the electric vehicle battery supply chain, with Henry Sanderson
China and the Ukraine War one year after the invasion, with Evan Feigenbaum and Alexander Gabuev
Sinostan: Raffaello Pantucci on China's inadvertent empire in Central Asia
CSIS analyst Gerard DiPippo deflates the balloon hype and brings the discussion back to earth
Live in New York City with veteran China journalist Ian Johnson
Is China's demography China's destiny? A chat with former World Bank economist Bert Hofman
A firsthand view of China's chaotic COVID re-opening, with Deborah Seligsohn
Talking China on TikTok with The China Project's Susan St. Denis
The Sinica Network presents Strangers in China S3 Episode 1
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