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 worldview of Wang Huning, the Party's leading theoretician
Bonus Episode: Introducing the China Sports Insider Podcast
It's Complicated: Getting our heads around a changing China
Did tariffs make a difference in Trump’s trade war?
How Taiwan propelled China’s economic rise, with Shelley Rigger
Can China meet its ambitious emissions targets?
How the Chinese state handles labor unrest, with Manfred Elfstrom
The benefits of engagement with China, defined: An audit of the S&ED
What's the deal with the Red New Deal?
The state of the field: U.S. China programs, with Rosie Levine and Jan Berris of the NCUSCR
The paradox of vast corruption and fast growth in China's "Gilded Age"
Harvard’s William Overholt on Esquel, cotton sanctions, and forced Uyghur labor
Historian Adam Tooze on why China’s modern history should matter to Americans
Peter Martin on ‘China's Civilian Army: The Making of Wolf Warrior Diplomacy’
A conversation with Ambassador Huang Ping, consul general of the P.R.C.'s New York Consulate
Reflecting on China's poverty reduction with Bill Bikales
A data-driven dive into Chinese politics, with Stanford's Yiqing Xu
Avoiding ideological conflict with Beijing: Thomas Pepinsky and Jessica Chen Weiss
How China escaped shock therapy: Isabella Weber unpacks the debates of the 1980s
The Chinese Communist Party at 100
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