I'm Dan Kurtz-Valen, and this is the Foreign Affairs Interview.
I would say it's not that the re-centralization of the economy caused the slowdown.
I would say it was the slowdown that caused the re-centralization of the economy.
There is no doubt that China's economy is struggling.
After Xi Jinping ended zero COVID a year ago, most economists expected growth to surge.
But that never really happened, and deeper problems became apparent.
What are the exact causes of China's stagnation?
That's a question of intense debate.
The economist Zoe Liu, Michael Pettis, and Adam Pozen each have their own answer.
My colleague Justin Vogt spoke with them at a November 14th discussion co-hosted by the Peterson Institute.
China's future and the future of America's policy toward China hinge on which of their answers is the right one.
Good morning to everybody.
Thanks for joining us.
This is a dual event.
It's a foreign affairs event launched for our November, December issue,
but we're doing this in partnership with our friends at the Peterson Institute for International Economics as well.
I like to think about what we're going to do this morning as sort of like a game of clue,
a foreign affairs edition of clue, the board game clue,
with the mystery that we're trying to solve being who killed the Chinese economy.
And we're going to get a couple of different guesses at that.