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 and the American "great power opportunity," with Ali Wyne
Another Taiwan Straits Crisis? CIA veteran John Culver weighs in
The Sinica Network presents the Café & Seda (Coffee & Silk) Podcast
Prototype Nation: Silvia Lindtner on what drives Chinese tech innovation, and how tech drives Chinese statecraft
Semiconductors and the unspoken U.S. tech policy on China, with Paul Triolo
Historian Andrew Liu on COVID origins: Orientalism and the "Asiatic racial form"
Yale's Jing Tsu on the characters who modernized Chinese characters
Taiwan: Saber rattling, salami slicing, and strategic ambiguity, with Shelley Rigger and Simona Grano
A Comprehensive Mirror: James Carter's "This Week in China's History" column marks two years
Mental health under lockdown: A clinical psychologist in Shanghai
Covering the U.S.-China relations beat with the FT's Demetri Sevastopulo
Too much of a good thing? Connectivity and the age of "unpeace," with the ECFR's Mark Leonard
The rise and fall of U.S.-China scientific collaboration, with Deborah Seligsohn
Chinese public opinion on the Russo-Ukrainian War, with Yawei Liu and Danielle Goldfarb
China and India share a contested border and an uncomfortable neutrality in the Ukraine War — but not much else
China, Europe, and the Russo-Ukrainian War, with Marina Rudyak
Inside the Shanghai lockdown, with SupChina's own Chang Che
After the War: Scenarios China faces when the Russo-Ukrainian War eventually ends
Susan Thornton on the urgent need for diplomacy with China over the Russo-Ukraine War
Chinese international relations scholar Dingding Chen on Beijing's position in the Russo-Ukrainian War
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