Who Killed the Chinese Economy?
VIDEO
DESCRIPTION
Everyone can agree: Chinese economic growth is slowing. After Chinese President Xi Jinping lifted the country’s strict COVID-19 restrictions in December 2022, many expected the Chinese economy to surge, but after a brief post-COVID bounce, it appears to be losing some of its vitality. What are the causes of this stagnation? That is a question of intense debate, and China’s ability to recover and the future of U.S. policy largely depend on how it is answered.
Foreign Affairs Executive Editor Justin Vogt and the Peterson Institute’s Adam S. Posen, along with Zongyuan Zoe Liu and Michael Pettis, discuss the causes of China’s economic stagnation and what it may mean for American strategy.
SPEAKERS
Adam S. Posen
Adam S. Posen is president of the Peterson Institute for International Economics
Zongyuan Zoe Liu
Zongyuan Zoe Liu is Maurice R. Greenberg senior fellow for China studies at the Council on Foreign Relations. She is the author of the author of Can BRICS De-dollarize the Global Financial System? (Cambridge University Press) and Sovereign Funds: How the Communist Party of China Finances its Global Ambitions (Harvard University Press).
Michael Pettis
Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace and professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.
Justin Vogt
Justin Vogt is an Executive Editor at Foreign Affairs. Previously, he was the managing editor of World Policy Journal and worked on the editorial staff of The New Yorker and as an associate producer on documentary films for Frontline.
