For decades after its accession to the WTO, China got rich, and the average Chinese citizen became accustomed to a certain rise in living standards. Now, under the leadership of Xi Jinping, his undermining of key private sectors, and the rise of an aggressive techno-authoritarian state, China’s economy is stalling. Hudson Institute Senior Fellow Thomas Duesterberg joins host Peter Rough to discuss his new report on China’s economic weakness and how the U.S. should respond.
For decades after its accession to the WTO, China got rich, and the average Chinese citizen became accustomed to a certain rise in living standards. Now, with Xi Jinping undermining the most innovative parts of China’s private economy and further centralizing power, China’s economy is stalling. Hudson Institute Senior Fellow Thomas Duesterberg joins host Peter Rough to discuss his new report on China’s economic weakness and how the U.S. should respond.