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Sinica Podcast

Arthur Kroeber vs. The Conventional Wisdom

Sinica Podcast

Kaiser Kuo

Culture, China News, Hangzhou, Chinese, International Relations, Chongqing, Beijing, Sichuan, Currentaffairs, China, Politics, Chengdu, Shanghai, Guangzhou, China Economy, News, China Politics, Business, Film, Shenzhen

4.8676 Ratings

🗓️ 16 June 2016

⏱️ 63 minutes

🧾️ Download transcript

Summary

In this episode of Sinica, we present an in-depth interview with Arthur Kroeber, the founding partner and head of research for Gavekal Dragonomics, an independent global economic research firm, and the editor-in-chief of its journal, China Economic Quarterly.  Arthur's new book, China’s Economy: What Everyone Needs to Know, superbly explores China's astonishing expansion during the "reform and opening up" period and the challenges the country now faces as growth slows. He provides a clear-eyed take on a huge range of subjects, from the internationalization of the renminbi to local debt to the way China's state-owned enterprises function (or don't). The book is a refreshing antidote to much of the commentary in the media, where "The Conventional Wisdom" we discuss in the podcast consists of doomsayers predicting China's imminent collapse and Pollyannas who see the country as an unstoppable economic juggernaut. We love feedback: Please write to [email protected]. Recommendations: Jeremy: The Silk Road: A Very Short Introduction by James A. Millward Arthur: The Ibis Trilogy by Amitav Ghosh Kaiser: Soulstealers: The Chinese Sorcery Scare of 1768 by Philip A. Kuhn — Kaiser and Jeremy See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Welcome to the Cynica podcast, a week of the discussion of current affairs in China, produced in partnership with SubChina.

0:15.2

SubChina offers a feast of business, political, and cultural news about the nation that is reshaping the world.

0:21.4

We are coming to you this week from Brooklyn, New York.

0:23.8

I'm Kaiser Guo, joined, of course, by Jeremy Goldhorn of the National Rifle Association.

0:28.1

How are you, Jeremy?

0:29.2

Pack and heat, man.

0:31.6

Thank you.

0:32.2

All right.

0:33.4

China's economy, now the world's second largest largest and despite its recent slowdown, still

0:37.8

expected at some point to surpass the total size of the US economy is really something everyone needs to know about.

0:43.8

Its fortunes touch lives from Maine to Malawi.

0:47.3

And yet despite how much conversation there is on the Chinese economy, whether in the US,

0:52.3

where we're now hearing Donald Trump saying China is

0:54.8

raping the United States and many predicting a very hard landing, or even on the ground back in

1:00.1

China where Kaiser and I have spent so much of our lives, it's often hard to get a firm grasp

1:04.2

on the actual picture. How threatening is overcapacity or the local debt problem? Are we

1:09.7

underestimating China's economic resilience,

1:11.6

or should we be preparing for the collapse long predicted in some especially bearish quarters?

1:17.1

So today on Seneca, we're delighted to welcome back. Welcome back. Arthur Krober, who in April

1:22.4

published an excellent book that I cannot recommend highly enough. It's called China's Economy,

1:27.1

what everyone needs to know.

1:29.1

Arthur is managing director of Gab Call Dragonomics, an independent global economic research firm,

...

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