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.
No Stranger to China: A conversation with Strangers in China creator Clay Baldo about Season 3
Author Rebecca Kuang on her novel Babel, or on the Necessity of Violence: An Arcane History of the Oxford Translators Revolution
The best solution for Taiwan is no solution: Jude Blanchette and Ryan Hass argue for kicking the can down the road
China's push for RMB internationalization
A familiar drumbeat: Michael Mazarr on the run-up to the Iraq invasion and parallels with China
Special episode: The COVID lockdown protests, with David Moser and Jeremiah Jenne
Financial Times reporter Yuan Yang on China-Europe relations
Evan Feigenbaum on the U.S. in the Indo-Pacific region
New America President Anne-Marie Slaughter on balancing China competition and global imperatives
The 20th Party Congress postgame show with Damien Ma and Lizzi Lee
Grifter, chaos agent, or CCP spy? The New Yorker's Evan Osnos on Guo Wengui
Overreach and overreaction, with Susan Shirk
Podcasting The Prince: Sue-Lin Wong of The Economist on her Xi Jinping podcast
Legendary BBC presenter and China editor Carrie Gracie, live in London
A conversation with Minister Xu Xueyuan, Deputy Chief of Mission of the Embassy of the People's Republic of China in Washington
China in the Global South, with Eric Olander and Cobus van Staden
Surveillance State: Authors Josh Chin and Liza Lin on their new book on China's tech-enhanced social controls
Yuen Yuen Ang on Xi Jinping, the Party bureaucracy, and authoritarian resilience
Avoiding the China Trap, with Jessica Chen Weiss
Is China's bubble finally about to pop? A conversation with Bloomberg Chief Economist Tom Orlik
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