What China’s Slowdown Means for the World

Foreign Policy Live

Foreign Policy

News Commentary, News, Politics

4.1 • 622 Ratings

🗓️ 6 October 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The world’s second-largest economy is slowing down. But are concerns overblown? What’s at risk for the global economy? How should policymakers react? The Wall Street Journal’s chief China correspondent, Lingling Wei; economist Adam Posen; and FP’s James Palmer join Ravi Agrawal to decipher the economic data and news from China. Suggested reading: James Palmer: As China’s Property Sector Crumbles, Who Takes the Fall? Zongyuan Zoe Liu: Xi’s Policies Have Shortened the Fuse on China’s Economic Time Bomb Hal Brands: The Dangers of China’s Decline Tony Chan, Ben Harburg, and Kishore Mahbubani: America Can’t Stop China’s Rise Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	America is changing. And so is the world.
0:04.5	But what's happening in America isn't just a cause of global upheaval.
0:08.7	It's also a symptom of disruption that's happening everywhere.
0:12.5	I'm Asma Khalid in Washington, D.C.
0:14.7	I'm Tristan Redman in London, and this is the global story.
0:18.8	Every weekday will bring you a story from this intersection, where the world and America meet.
0:24.4	Listen on BBC.com or wherever you get your podcasts.
0:29.6	What I told people, I was making a podcast about Benghazi.
0:34.1	Nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
0:40.7	Benghazi, the truth became a web of lies.
0:44.6	From prologue projects and Pushkin Industries, this is Fiasco, Benghazi.
0:50.5	What difference at this point does it make?
0:53.9	Yeah, that's right. Lock her up.
0:56.1	Listen to Fiasco, Benghazi, wherever you get your podcasts.
1:00.9	Hi, I'm Ravi Agrawal, Foreign Policy's editor-in-chief.
1:04.8	This is FP Live.
1:10.0	Welcome to the show.
1:12.2	China's economic rise over the last four decades has been unprecedented.
1:17.5	In many ways, it shaped the world we're in today.
1:20.7	And just as China's rise had immense impacts in that country and around the world, its slowdown will also have important
1:29.8	implications. But how much will China's growth actually slow? Data is always so murky with China.
1:37.3	The World Bank says it expects China's GDP to expand by just 4.4% in 2024, missing the government's official target of 5%.
	...

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