| China wants to de-risk its economy away from the US and US allies. As former UBS economist George Magnus put it in this episode of Global Macro Update, China has been “pursuing policies that we would now call decoupling” for the past 10 or 15 years. Its goal is to “establish dominant market shares of 70% or more in a range of modern industries at the frontier of science and technology.” George is the author of several books, including Red Flags: How Xi’s China Is in Jeopardy. He’s also an associate at Oxford University’s China Centre. He speaks to Mauldin Economics Publisher Ed D’Agostino about everything investors need to know about China today. You can learn more about George Magnus here: https://www.georgemagnus.com Stay informed on the big trends by subscribing to Global Macro Update here: https://www.mauldineconomics.com/go/JM528L/YTB Please stay in touch by following me on X (formerly Twitter) @EdDAgostino: https://twitter.com/EdDAgostino Time stamps: 00:00 – Introduction 02:48 – China is decoupling from the US, too 08:45 – De-risking is an ongoing process 12:09 – Magnus explains if China is investable 17:35 – Japan’s rapid aging problem 24:38 – China’s economy surpassing the US is not inevitable 31:35 – China’s new financial architecture |
Each week, investors and financial professionals around the globe turn to John Mauldin to better understand Wall Street, global markets, and the drivers of the world economy. And for good reason. John is a noted financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the first publications to provide investors with free, unbiased information and guidance—Thoughts from the Frontline—one of the most widely read investment newsletters in the world.
Tags: Featured
6 pings