S8 Ep161: Beijing's Economic Desperation: The Triangular Debt Crisis — Andrew Collier — Collier interprets Beijing'spublic calls for state-owned enterprise and private sector cooperation as unmistakable indicators of governmental financial desperation, as the Chine

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John Batchelor

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🗓️ 4 December 2025

⏱️ 10 minutes

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Summary

Beijing's Economic Desperation: The Triangular Debt Crisis — Andrew Collier — Collier interprets Beijing'spublic calls for state-owned enterprise and private sector cooperation as unmistakable indicators of governmental financial desperation, as the Chinese state systematically fails to compensate private suppliers and contractors. Collier documents that China is experiencing a debt crisis structurally analogous to the "triangular debt" phenomenon of the 1990s, wherein private firms accumulate mounting insolvency as Chinese banking institutions systematically privilege lending to state-backed entities over private sector enterprises, constraining private sector growth essential for technological advancement.
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0:24.3	The home of every kind of Christmas.
0:27.4	Denalm.
0:28.0	The home of homes.
0:35.1	This is CBS Eye on the World.
0:38.5	Here's John Batchelor.
0:42.0	This is CBSI on the world.
0:44.3	I'm John Batchel.
0:45.2	Gordon Chang, at Gordon J. Chang, my colleague and co-host,
0:48.6	the economy of China is a national security concern given the aggression
0:53.5	and the link up with the Russian rogue
0:56.9	state. So therefore, we go immediately to Andrew Collier, managing director of Orient Capital
1:03.4	Research, to update us on the Chinese economy. When last we left, there was a crater called
1:09.5	real estate. However, there was a crater called real estate.
1:16.5	However, there are other parts of the economy that can function if given time.
1:19.6	Andrew is the author of China's Technology War,
1:22.1	why Beijing took down its tech giants.
1:24.2	I've talked to him at length about that.
1:26.4	There are mysteries here that need to be solved. But right now we're going to attend to a boast in the South China Morning Post. This is a newspaper that's heavily influenced
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