China's Economic Challenges — Consumption Slump and Soaring Local Government Debt

20/02/2025 51 min Temporada 5 Episodio 185
China's Economic Challenges — Consumption Slump and Soaring Local Government Debt

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Episode Synopsis

With the US imposing new tariffs on Chinese exports, the state of the country’s domestic economy has become all the more crucial. Despite healthy export growth in recent years, at home consumer confidence has plummeted, with rising youth unemployment and a slump in the once booming housing market. Will recent government steps to reassure consumers and entrepreneurs and stimulate property sales be enough to revive the economy? Or does soaring local government debt mean more creative solutions are required?In this episode, we hear two perspectives on China’s economic challenges — from economist Andy Rothman, founder of Sinology LLC, and Professor Victor Shih, director of the 21st Century China Center at the University of California San Diego, and author of the newly published book, Elite Conflicts and the Path to Economic Decentralization (2025, CUP).For information about the SOAS China Institute Corporate Membership scheme, please contact SCI director Steve Tsang: [email protected] ________________________________________The views and opinions expressed on this podcast are those of the speakers and are not necessarily those of the SOAS China Institute.________________________________________SOAS China Institute (SCI) SCI Blog SCI on X SCI on LinkedIn SCI on Facebook SCI on Instagram ________________________________________Music credit: Sappheiros / CC BY 3.0

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