What's going on behind the veil of secrecy that masks China's economy? Recently we've seen a steep plunge in share prices on China's stock markets, signaling the bursting of a bubble that was long in forming. Meanwhile, questions persist about the condition of China's banks, which have long been rumored to be saddled with large amounts of non-performing loans. Does all of this threaten China's economic future? Can the nation sustain its massive investments in infrastructure, both at home and abroad? And how is the yuan, which China recently devalued, performing against the dollar these days? On this episode, we hear from one of the leading experts on China, David Dollar, senior fellow in the John L. Thornton China Center at the Brookings Institution. He helps us to understand what's behind China's recent economic woes, how serious they are, and what impact they might have on the nation's quest to become the world's largest economy.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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