2025-09-12
29 分钟For the past 20 years, China's economy has been built around, well, building.
Workers in the world's emerging superpower have made bridges, cars,
and electronics at an astonishing pace and with a growing mastery of industrial techniques.
But breakneck growth comes with problems.
Chinese factory price growth fell for the 34th month in a row in July,
as the country continues to struggle with overproduction and deflation.
That overproduction has become a political issue.
As China's leaders try to nudge the country out of its deflationary slump and boost consumer demand in the country.
How can China keep building without jeopardizing its economic future?
This is The Economic Show.
I'm Aiden Riter, a reporter and podcast host for the FT's market show On Hedged.
And to find out, I'm speaking to Dan Wong.
Dan is a research fellow at Stanford's Hoover History Lab
and a former technology analyst at research firm Gavical Dragonomics of Hong Kong.
Dan is also the author of a new book, Breakneck: China's Quest to Engineer the Future.
Dan, welcome to the show.
Thanks very much for having me, Aiden.
Dan, Breakneck's been nominated for the FT's Business Book of the Year long list, so congratulations.
Uh, would you mind telling me and listeners a bit about the book and why you wrote it?
This started as a way to reflect on having spent about six years in China studying Chinese technology developments.