This week’s Sinica is now live. Listen to it here.
Yukon Huang thinks that China’s economy is extremely unconventional. Unsurprisingly, then, that nearly all the conventional economic wisdom we hear about this economy — particularly the two hugely popular poles of opinion that treat it as either an unstoppable force or a crisis-in-waiting — is wrong.
So goes the contrarian take of the former World Bank Director for China and Russia, who is now Senior Fellow in the Asia Program at Carnegie Endowment for International Peace. Huang detailed his thoughts on China’s economy is his most recent book, Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong.
He sat down with Jeremy and Kaiser at SupChina’s NEXT CHINA Conference on January 17, and in this live podcast, answered provocative questions and defended surprising statements:
- “Why is it that people think China’s unbalanced growth is a risk, when it actually is a positive development?”
- “Why do people think [China] has a debt problem, when actually it’s a sign of financial deepening?”
- “Why is it that corruption is seen as an impediment to growth, when in China actually it’s been a booster to growth?”
- “We assume that the more innovative you are as a country, the faster you grow, when actually it’s the opposite.”
Listen to Yukon Huang, the China economy contrarian.