Dan Wang on China's Breakneck Economic Growth

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 1 September 2025

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the past couple of years, the world has fully awoken to the incredible economic and technological growth exhibited by China. But what lessons are there for America? Are there even lessons for America? Dan Wang, research fellow at Stanford University's Hoover History Lab, has probably been one of the foremost commentators and observers on China's rise, having taken seriously their efforts to push the technological frontiers for years now. Now, he's out with a new book BREAKNECK: China's Quest to Engineer the Future. On this episode, we talk about what he's seen in the country, whether China is legitimately on the road to socialism, and how perceptions of the country have changed since he started doing his research.

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1:00.0	Bloomberg Audio Studios, Podcasts Radio News.
1:07.4	Music News Hello and welcome to another episode of the All Thoughts podcast.
1:21.7	I'm Tracy Alloy.
1:22.7	And I'm Joe Wisenthall.
1:24.1	Joe, we are recording this on August 27th.
1:27.4	Did you catch the Trump cabinet meeting yesterday? Oh. Weizenthal? Joe, we are recording this on August 27th.
1:30.9	Did you catch the Trump cabinet meeting yesterday?
1:36.7	I saw your tweets, and they looked like some of the most obsequious.
1:42.9	I mean, a lot of these unusually obsequious, but even, yes, I saw your tweets. You could just say yes.
1:44.5	So there were a bunch of things that stood out.
1:47.0	But one in particular was Donald Trump talking about building out new energy capacity.
1:53.5	And he said specifically, I'm going to quote here, you know, in China they do it very quickly.
1:59.8	They have one person that says do it and that's it.
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