Adam Tooze on the Big Misconceptions of the Chinese Economy
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 12 September 2024
⏱️ 53 minutes
🧾️ Download transcript
Summary
One of the big buzzwords over the last year or so has been "overcapacity." There's a constant line of argument that China is unfairly flooding the world with unprofitable goods and creating huge, unsustainable imbalances. Western countries, particularly the US (but also Europe), have responded by raising tariffs and engaging in domestic industrial policy in order to compete. But is the strategy sound? Are the basic premises of the problem correct? On this episode of the podcast, we speak with Columbia Professor Adam Tooze, the author of several books, as well as the popular Chartbook newsletter. He argues that the overcapacity framing is misguided, and that the US may be making a mistake putting its chips down on an industrial revival. He talks us through some of the actual weaknesses of the Chinese model, as well as its global political reverberations.
Read more:
Two Veteran Chip Builders Have a Plan to Take On Nvidia
The US and China Are in an All Out Race for AI Domination
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Direct lending has been one of the most dynamic areas of the private alternative space these last few years, |
| 0:05.8 | having grown massively as a source of capital for both corporate borrowers, |
| 0:09.9 | but also financial sponsors that have kept going from strength to |
| 0:12.8 | strength and have needed that private capital to |
| 0:15.3 | foster the growth that they've been experiencing. |
| 0:18.1 | For leading alternative investing insights, |
| 0:21.2 | listen to Speaking of Altern from P-gyim. |
| 0:27.0 | Behind the bright lights and adrenaline of pro sports is an equally exciting world of negotiations and deal-making. |
| 0:34.0 | That's what we cover each week on our podcast, The Deal. |
| 0:37.0 | I'm Alex Rodriguez, former baseball player turned business executive. |
| 0:41.0 | And I'm Jason Kelly, chief correspondent at Bloomberg Originals. Every |
| 0:44.2 | Thursday we talk to all stars like Serena Williams and Derek Jeter, as well as the brains |
| 0:48.6 | behind brands like the Harlem Globetrotters and Nasdaq. Listen to the deal wherever you get your podcasts. |
| 0:55.0 | Bloomberg Audio Studios. |
| 1:01.0 | Podcasts, Radio News. Hello and |
| 1:15.0 | I'm Tracy Allaway. |
| 1:18.0 | I'm Joe Weisenthall. |
| 1:20.0 | And I'm Tracy Allaway. |
| 1:21.0 | Tracy, we recently interviewed U.S. Trade Representative Catherine Thai about obviously the changing |
| 1:28.8 | nature of our relationship with China on trade. |
| 1:31.8 | I feel like though we could this entire podcast could just be about that |
| 1:36.6 | right there's an infinite number of angles to explore. Okay we're a China trade |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.