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The John Batchelor Show

PREVIEW: Part of a conversation with colleague Charles Burton about the sinking PRC economy and the unlikely possibility of investors re-engaging as long as Xi and the CCP emphasie a Maoist security-driven state over a capitalist market-driven state.

The John Batchelor Show

John Batchelor

News, Books, Society & Culture, Arts

4.52.8K Ratings

🗓️ 24 January 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

PREVIEW: Part of a conversation with colleague Charles Burton about the sinking PRC economy and the unlikely possibility of investors re-engaging as long as Xi and the CCP emphasie a Maoist security-driven state over a capitalist market-driven state.

Charles Burton, senior fellow at the Centre for Advancing Canada's Interests Abroad at the Macdonald-Laurier Institute.
https://www.theglobeandmail.com/politics/article-the-world-faces-a-threat-from-chinas-looming-decline/

1949 Moscow

Transcript

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0:00.0

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0:30.6

This is John Bachelor, a conversation

0:32.4

with my colleague Charles Burton of the McDonallory Institute

0:36.4

about China's sinking economy and what is the possibility of it reviving in a cycle or with foreign investment coming back

0:45.1

looking for opportunities as it did in the late 20th century and early 21st century.

0:50.4

Charles, who is a Mandarin speaker as well as well traveled in China, speaks to the

0:57.6

Chinese state as it is now presented by Shijinping as a security state, not as an economic growth state, and what is the likelihood

1:07.2

of foreign investors finding that attractive?

1:09.4

Again, here's Charles Burton.

1:12.4

I mean certainly people have a kind of, I don't know, path dependency and nostalgia about the allure of making big bucks out of China, but when the Premier Li Li Chang was in Davos and reported on the growth

1:26.7

rates of the Chinese economy these statistics were widely discredited by by

1:31.7

economists who have a you have a more realistic grasp of where the Chinese

1:36.4

economy is going and so I'm inclined to think that it's over I don't think that

1:41.6

any Western investor that has any kind of sense would see

1:46.8

China under current conditions as a place to put their money. Not only the demographic decline

1:52.4

in the general, you know, decline in the real estate sector and high rates of unemployment among youth and all of these, you know, negative indicators, but the way that the Chinese Communist Party is trying to address it

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