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's population conundrum, with UNC demographer Yong Cai
COVID-19 origins revisited, with Deborah Seligsohn
Journalist Andrew Jones on China's space program
Chinese college students in the U.S., with Yingyi Ma
China, Russia, and the U.S.: Does the 'strategic triangle' still matter?
Orville Schell on his novel, My Old Home: A Novel of Exile
Margaret Lewis on ethnic profiling in the DOJ's China Initiative
China’s Heart of Darkness
U.S.-China climate cooperation in a competitive age
Searching for the six Chinese survivors of the ‘Titanic’
Beethoven in Beijing
China's new youth, with Alec Ash and Stephanie Studer
China's COVID-19 response and the virus's origins, with Deborah Seligsohn
Ryan Hass on his new book, ‘Stronger’
The parallel world of Chinese tech, with Lillian Li
Cheng Lei: The detention and arrest of an Australian CGTN reporter
Getting Chinese politics wrong, with Jude Blanchette
Julie Klinger on China's rare earth frontiers
Journalist Te-Ping Chen on her short fiction collection, Land of Big Numbers
The Xinjiang camps on Clubhouse
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