China and the US reached a truce in their trade war at the recent meeting between Donald Trump and Xi Jinping in South Korea. And the two leaders even pledged to visit each other’s countries next year. But US tariffs on Chinese imports remain at around 47% — and a dispute over the export of US semiconductor chips to China looks set to continue. These tensions seem to have informed the Communist Party’s newly released proposals for China’s next Five Year Plan, which focus on innovation and mak...
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China and the US reached a truce in their trade war at the recent meeting between Donald Trump and Xi Jinping in South Korea. And the two leaders even pledged to visit each other’s countries next year. But US tariffs on Chinese imports remain at around 47% — and a dispute over the export of US semiconductor chips to China looks set to continue. These tensions seem to have informed the Communist Party’s newly released proposals for China’s next Five Year Plan, which focus on innovation and mak...
Rebooting China's Economy — Lessons from the 2008 Crisis
China In Context
39 minutes
6 months ago
Rebooting China's Economy — Lessons from the 2008 Crisis
In the face of Donald Trump's tariffs, will China's plans to boost its domestic consumer economy succeed — or could the government in Beijing be tempted to introduce massive stimulus measures, as it did after the financial crisis in 2008? In this episode of China in Context, leading scholar Yasheng Huang, professor of global economics and management at MIT's Sloan School of Management, explains why China's political resilience in a trade war may be greater than its economic resilience — and a...
China In Context
China and the US reached a truce in their trade war at the recent meeting between Donald Trump and Xi Jinping in South Korea. And the two leaders even pledged to visit each other’s countries next year. But US tariffs on Chinese imports remain at around 47% — and a dispute over the export of US semiconductor chips to China looks set to continue. These tensions seem to have informed the Communist Party’s newly released proposals for China’s next Five Year Plan, which focus on innovation and mak...
