Adam Posen
speaker
48 appearances
1 recordings
1 series
first heard Jul 2026
last heard 22 Jul
Adam Posen’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And those people essentially borrow from other members of their family to make investments.
And there's very little separation between.
between what's household consumption and what's a small business.
So when they go down, they tend to go down together.
And that's what we're seeing.
And so they keep pumping money into the state-owned enterprises.
They keep pumping money into the tech firms.
But there's this whole vast share of the Chinese economy that's flat or shrinking.
Simple answer is no.
Even with this enormous manufacturing sector, even with cramming exports down the throats of the rest of the world, they're not seeing the rise in living standards and real incomes because they're competing on doing cheap stuff.
You can produce an awful lot of EVs, and what you're essentially doing is grafting one transistor onto one battery onto a metal box.
You know, hand-finishing autos in the Ford assembly plants 100 years ago.
It's not high labor.
I think you care for two or three reasons.
The first reason is even if the export boom is not enough to save the Chinese economy on its own, it is enough to do a lot of damage and cause displacement of workers.
in the French or the German or the American car sector.
It is enough to do a lot of displacement of workers in soybeans and other things that the US exports.
If you have a weaker Chinese economy, they're just buying less stuff.
The second thing is a Chinese economy that's weaker
and that's saving so much more, ends up putting a downward pressure on prices throughout the world.
Showing 21–40 of 48 · page 2 of 3
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