To shield China from global volatility and pivot the Chinese economy toward greater self-reliance, Beijing is pursuing a new economic model centering on the Dual Circulation Strategy. China is making progress toward achieving some objectives of the strategy, but major challenges loom.
In this episode of the ChinaPower Podcast, Mr. Daniel H. Rosen joins us to examine the impact of the Covid-19 pandemic on China’s economic power. Mr. Rosen describes the variables that contribute to China’s economic power and recounts how China’s economy was initially impacted by the Covid-19 pandemic. He also discusses the primary measures the Chinese government took to rejuvenate its economy and evaluates which measures were the most significant. Lastly, Mr. Rosen explains the potential impact of the Chinese Communist Party’s “Common Prosperity” political campaign on China’s economic growth.
In this special “best of ChinaPower” episode, Dr. Kevin Desouza joins us to discuss China’s plans to create a national digital currency. Dr. Desouza explains Beijing’s underlying motivations for developing its own Central Bank Digital Currency (CBDC), and how it aligns with China’s broader goal to become a leader in technology and innovation. He highlights the key benefits of using digital currencies and the possible effects on the Chinese economy, as well as discusses the potential impact of COVID-19 on the roll-out of a CBDC in China.
In this episode, Dr. Wang Tao joins us to discuss the factors behind China’s shifting role in global supply chains. Dr. Wang explains how China came to play such a dominant role in global manufacturing and the potential consequences of reshoring or moving supply chains elsewhere. She also details the results of a recent survey on North Asia CFOs about intentions to move production out of China, particularly analyzing the COVID-19 pandemic’s role in these decisions. Finally, Dr. Wang speaks to the potential impact of the Hong Kong national security law on supply chain decisions.
In this episode, Dr. Kevin Desouza joins us to discuss China’s plans to create a national digital currency. Dr. Desouza explains Beijing’s underlying motivations for developing its own Central Bank Digital Currency (CBDC), and how it aligns with China’s broader goal to become a leader in technology and innovation. He highlights the key benefits of using digital currencies and the possible effects on the Chinese economy, as well as discusses the potential impact of COVID-19 on the roll-out of a CBDC in China.
In this episode, Dr. Richard Turcsányi joins us to discuss the ups and downs of China-Czech relations, as well as the attitudes within the Czech Republic toward China. Dr. Turcsányi explains the motivations behind the cancellation of the sister city agreement between Prague and Beijing, critical comments about China by the Czech intelligence agency, and China’s investment activities in the Czech Republic. He also discusses how Czech President Miloš Zeman struggles to balance his relationship with the domestic public and China.
In this episode, Dr. Tu Xinquan joins us to discuss China’s relationship with the World Trade Organization (WTO) and the economic impact of its membership since joining in 2001. Dr. Tu evaluates China’s compliance with its WTO obligations, as well as its use of the WTO’s trade dispute mechanism. He also explains China’s recommendations for WTO reform and the role it seeks to play in the organization moving forward.
In this episode, Duncan Innes-Ker joins us to discuss China’s standing among BRICS nations and the outcomes of the 10th BRICS summit. Mr. Innes-Ker touches on areas of potential cooperation amidst great variation in member states’ political and economic systems, as well as China’s past, present, and future role in the group.
