In this episode of Dollar & Sense, economist and professor Yiping Huang joins David Dollar to discuss the drivers of economic growth in China. Their conversation spans China’s development since its initial economic liberalization in the 1970s, the role of foreign investment in the Chinese economy, and China’s perspective on growing trade tensions with the United States. Finally, Yiping explains his view of China’s optimal strategy in navigating U.S. trade negotiations and continued reform and opening.
Dollar and Sense is a part of the Brookings Podcast Network.
[As the Fed and other major central banks begin raising rates, some emerging market central banks would be forced to follow suit. Otherwise, capital would flee and their currencies would plunge in value, further aggravating inflation.] You could have a crisis if investors all decide to run for the exits at the same time.