Alice Han

So I think it's in China's interests and policymakers are realizing this. When I was in China a month ago, they were starting to say that overcapacity was an issue and that they need to do more to rebalance. I had never heard them say that before.

So I think it's in China's interests and policymakers are realizing this. When I was in China a month ago, they were starting to say that overcapacity was an issue and that they need to do more to rebalance. I had never heard them say that before.

So I think it's in China's interests and policymakers are realizing this. When I was in China a month ago, they were starting to say that overcapacity was an issue and that they need to do more to rebalance. I had never heard them say that before.

In previous days, they were saying this was free market competition and the West should be so happy to have cheap Chinese renewable technologies, green technologies. The fact that they're saying that seems to me to suggest that they need to rebalance. They realize that.

In previous days, they were saying this was free market competition and the West should be so happy to have cheap Chinese renewable technologies, green technologies. The fact that they're saying that seems to me to suggest that they need to rebalance. They realize that.

In previous days, they were saying this was free market competition and the West should be so happy to have cheap Chinese renewable technologies, green technologies. The fact that they're saying that seems to me to suggest that they need to rebalance. They realize that.

And that actually this is an opportunity for China potentially to buy more American products to address some of that trade imbalance that the U.S. is rightly, I think, complaining about. and find ways to maybe even invest in the U.S., if Trump and the Republicans allow it, to create manufacturing jobs in the U.S. because China has the logistical, the manufacturing know-how.

And that actually this is an opportunity for China potentially to buy more American products to address some of that trade imbalance that the U.S. is rightly, I think, complaining about. and find ways to maybe even invest in the U.S., if Trump and the Republicans allow it, to create manufacturing jobs in the U.S. because China has the logistical, the manufacturing know-how.

And that actually this is an opportunity for China potentially to buy more American products to address some of that trade imbalance that the U.S. is rightly, I think, complaining about. and find ways to maybe even invest in the U.S., if Trump and the Republicans allow it, to create manufacturing jobs in the U.S. because China has the logistical, the manufacturing know-how.

So I think that the Chimerica relationship has the ability to have a second chapter in its relationship and not go through a full-scale divorce or decoupling. But again, it all comes down to politics, Ed, and that is where I'm not so sure.

So I think that the Chimerica relationship has the ability to have a second chapter in its relationship and not go through a full-scale divorce or decoupling. But again, it all comes down to politics, Ed, and that is where I'm not so sure.

So I think that the Chimerica relationship has the ability to have a second chapter in its relationship and not go through a full-scale divorce or decoupling. But again, it all comes down to politics, Ed, and that is where I'm not so sure.

The problem on the Chinese side is that they cannot countenance a massive slowdown in the economy.

The problem on the Chinese side is that they cannot countenance a massive slowdown in the economy.

The problem on the Chinese side is that they cannot countenance a massive slowdown in the economy.

So instead of going through the, I would say, the American model, for instance, sort of 1930s depression or even World War II, where you saw a massive crisis that then enabled the consumer share of GDP to continue to rise rather than the manufacturing share of GDP, which is why America is now a consumer and services-led economy. the Chinese are unwilling to countenance that.

So instead of going through the, I would say, the American model, for instance, sort of 1930s depression or even World War II, where you saw a massive crisis that then enabled the consumer share of GDP to continue to rise rather than the manufacturing share of GDP, which is why America is now a consumer and services-led economy. the Chinese are unwilling to countenance that.

So instead of going through the, I would say, the American model, for instance, sort of 1930s depression or even World War II, where you saw a massive crisis that then enabled the consumer share of GDP to continue to rise rather than the manufacturing share of GDP, which is why America is now a consumer and services-led economy. the Chinese are unwilling to countenance that.

They don't even want to have a Japanese style, you know, lost decades, which is a slow version of what we saw in America. So instead, they want to walk on this tightrope between rebalancing a little bit here and there through subsidies for consumer goods, like the trade in appliances.

They don't even want to have a Japanese style, you know, lost decades, which is a slow version of what we saw in America. So instead, they want to walk on this tightrope between rebalancing a little bit here and there through subsidies for consumer goods, like the trade in appliances.