Inflation, Recession, and Protests: What’s Behind China’s 20th Party Congress? | Taiwan Talks EP8

📹Host: Yin Khvat

"As China releases key inflation and trade data and protests send a message to Beijing’s on the eve of the 20th Chinese Community Party Congress, this episode of Taiwan Talks takes a deep dive into the current health of China’s economy.

China’s extraordinary decades-long growth, which has dominated the rules of the world economy, has pulled millions of Chinese out of poverty. But has all that come screeching to a halt with plunging GDP growth of 2 percent this year, dropping below the rest of Asia for the first time since the 1990s? Has Xi Jinping really achieved his goal of a “moderately prosperous society in all respects”, or is this the beginning of a downturn for the Middle Kingdom?

We also explore the intricate industrial supply chains that bind the two sides of the Strait and ask whether tiny, democratic Taiwan has enabled the rise of its massive authoritarian neighbor.

Our studio guests Wang Jiann-chyuan, Chung-hua Institution of Economic Research (CIER) Vice President, and Roy Lee, Deputy Director of the Taiwan WTO Center also at CIER help us analyze how the growing tensions across the Strait will affect the economies of both the PRC and Taiwan, whether they can coexist and prosper, and what kind of future they will lead.

We also speak to Ho-fung Hung, Johns Hopkins University Policy Economy Professor, Chair of Sociology & Advanced International Studies, and Editor-in-Chief of ""Asian Perspective.""

Topics discussed:

- Roles of Li Keqiang, Liu He and Xi Jinping himself in steering Chinese economy
- The Centenary Goals of achieving a “moderately prosperous society in all respects” and a “modern socialist country”
- How bad is the PRC’s economy and what global impacts is it having?
- How worried is Beijing?
- What happened to the ‘recession-busting’ hero of the global economy this time?
- Will China overtake the US as the world’s No. 1 economy?
- How the PRC’s demographic timebomb could derail all that
- Will Xi invade Taiwan despite Beijing’s economic ills?
- Chinese property slump and its impact on the overall economy
- Is the PRC simply experiencing a “post industrialization” shift?
- Will Beijing ease COVID rules and how quickly can its economy bounce back?
- China’s extraordinary rise and Taiwan’s contribution
- How Taiwan shifted from low to high-value manufacturing
- Could economists have predicted the far-reaching impacts of Taiwan’s actions of the 1980s and 1990s
- How dependent is Taiwan’s economy on China?
- The impact of Taiwanese businesses abandoning China"

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