Is China or the U.S. More Vulnerable?
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 22 August 2018
⏱️ 28 minutes
🧾️ Download transcript
Summary
#218 What are the headwinds facing China that could slow economic growth, but still could lead to China growing faster than the U.S. Also, what is going on with Turkey and are other emerging market countries vulnerable to the same plight? Thanks to Circle Invest for sponsoring today's episode.
For show notes and more information on this episode click here.
- [1:07] Is China or the US more vulnerable to economic downturn?
- [4:55] Why have emerging markets done so poorly recently?
- [8:51] The concept of balance of payment is reviewed and examined in a case study of Turkey
- [16:20] Emerging markets are doing better than in previous years
- [20:35] The 3 reasons why China is more vulnerable than the US
- [22:25] What China has to do in order for their economy to continue growing quickly
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Transcript
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| 0:00.0 | Welcome to money for the rest of us. This is a personal finance show. It's on money. |
| 0:04.0 | How it works, how to invest in how to live without worrying about it. |
| 0:08.0 | I'm your host David Stein. Today is episode 218. |
| 0:11.0 | Its title is China or the U.S. more vulnerable? |
| 0:15.0 | Got an email a few weeks ago from George. |
| 0:19.0 | So the different George from last week that had the question on rebalancing. This George writes, the United States |
| 0:25.3 | economic brawl with China will continue to be a hot topic. So which country would economically |
| 0:31.3 | bleed quicker. |
| 0:33.0 | National Economic Council Director Larry Kudlow said in a Bloomberg television interview on Friday, |
| 0:39.0 | quote, their economy's weak, their currency is weak, People are leaving the country. Don't underestimate President Trump's determination to follow through. |
| 0:50.0 | George continues, the Communist Party does some fancy accounting, but is China's economy |
| 0:57.0 | weak? |
| 0:59.6 | And then later he wrote, Will Chees Leninist Mandarin authoritarian government and economy proved superior to American |
| 1:08.5 | capitalism and democracy. In, well first, in the next 10 years is what he said. |
| 1:17.0 | I responded, what does superior mean and that he admits that's hard to say, are we going to measure it by which economy is |
| 1:26.9 | going to grow the fastest because the Chinese economy is starting from a much smaller base. |
| 1:35.0 | It's GDP, its output per person, GDP per capita, |
| 1:40.0 | is only about 14% of that of the US. So even if it muddles through, it could grow faster than the US. |
| 1:52.6 | So we don't really know, we can't really define superior, |
| 1:55.7 | but we, in this episode, I want to compare |
| 1:59.8 | what's going on with China and other emerging markets, |
| 2:02.0 | some of the risks there to some of the attributes |
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