Martin Wolf

speaker

495 appearances 3 recordings 1 series first heard Nov 2024 last heard Jun 2025

Martin Wolf’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

newest first · ▶ plays the moment

And to reduce savings, that basically means transferring a huge part of profits in the economy to citizens.

And that's a radical political transformation.

Then I think people would spend more.

more.

The core of Chinese savings are not household savings, they're corporate savings.

Now the none of that was going to happen.

Now along comes a really mega shock, which is, as you say, an attempt to halt Chinese exports.

Then two questions arise.

Can they find other markets?

I believe they can't, because the Europeans will not allow trade diversion from

the of the goods that used to go to the US into European markets.

So the Europeans are going to end up following the Americans on protection just to protect themselves.

And there are no other really big markets unless the Chinese decide just to give the stuff away.

Even more generous Belt and Road initiative tights up, which is sort of national suicide.

Uh so I think the protection really kills the manufacturing driven

Growth.

So there has to be a much more balanced economy.

In fact, it has to look a bit like the United States of the late nineteenth century.

What drives Chinese growth from now on has to be mass consumption by the Chinese people.

And that's made more difficult by the fact that dem demographics are so bad.

Showing 281–300 of 495 · page 15 of 25