How China's Economic Miracle Went Off the Rails

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.8 • 1.8K Ratings

🗓️ 28 November 2023

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This month, President Joe Biden and President Xi Jinping of the People's Republic of China (PRC) met in San Francisco amid trade wars and even the prospect of a catastrophic hot war over Taiwan. Their meeting took place during a nervous period in the history of China. After decades of spectacular growth, the Chinese economic miracle has sputtered, with huge implications for its own population and the world. And yet, even as the most dire aspects of the Chinese economy make headlines, it remains the case that China is the foundry of the green energy revolution, making more solar panels and wind turbines and electric vehicles than any other country. To help us understand how China thinks about economics, technology, and America, we welcome back to the show writer Dan Wang. If you have questions, observations, or ideas for future episodes, email us at [email protected]. Host: Derek Thompson Guest: Dan Wang Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	What would you do if everyone said they heard your trailer a hundred times?
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0:50.0	Today's episode is about how China sees the world and how China's theory of growth and technology
0:56.5	came to be so different from ours.
0:59.5	This is a very nervous moment for US-Chinese relations. The sudden breakout of war between Russia
1:04.6	and Ukraine, not to mention Israel and Palestine, have served as a stark
1:09.0	reminder of just how sudden parts of the world can descend into hot war.
1:14.5	And the mother of all hot wars, from a geopolitical standpoint, would be the long predicted
1:18.8	showdown between China and Taiwan, a showdown which would inevitably draw the U.S. into the South Pacific.
	...

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