In this episode of Unearthed, co-hosts Joe Cavatoni and John Reade, Senior Market Strategists for the World Gold Council, are joined by Professor Hao Zhou from Tsinghua University to dive into the shifting dynamics of China’s economy and its impact on the global gold market. Together, they discuss China’s incredible economic transformation since 1978, the causes behind the recent slowdown in economic growth described by Professor Zhou as the three interconnected problems of: declining real estate, local government debt, and suppressed private industry. The trio also review how China’s new stimulus package could get the country back on the growth trajectory, and to conclude, Professor Zhou gives his two cents on what’s in store for the gold market in China.
 
[1:32] Professor Zhou discusses the Chinese economy from 1949 until 1978 and the characteristics of the market during those years. 
[7:58] Professor Zhou discusses the declining real estate market and what that means for GDP.
[14:47] Joe asks about the historical regional wealth distribution in China.
[22:18] John asks whether the stimulus packages from the Chinese government will work and how long it might take for them to work. 
[29:02] Joe asks Professor Zhou for his views on how investment in gold is playing out in the broader Chinese economy.


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