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China’s Economic Challenges
Manage episode 304672238 series 2966145
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China has become a superpower through its extraordinary economic growth over four decades. It has developed a model of ’state capitalism’ which has combined the strengths of both state ownership and control alongside capitalism in much of the economy. It now faces serious challenges: demographic ageing; an over reliance on investment; a big stock of corporate debt; resistance to further market reform. I discuss these challenges with George Magnus who is one of the leading economic and financial commentators on China and with Linda Yueh, a scholar who has written extensively on the Chinese economy.
Interested in learning more? Vince’s new book ‘The Chinese Conundrum: Engagement or Conflict’ is available to buy online or from your local bookstore. Amazon, Bloomsbury, Waterstones, WHSmiths.
To find out more about Vince, go to www.vincecable.org
Follow him on Twitter: @vincecable
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