China's Economic Transition

In this episode of Pekingology, Henrietta Levin interviews Dinny McMahon and Andrew Polk from Trivium China about their report, "China's Economic Transition, Debt, Demography, Deglobalization and Scenarios for 2035." The discussion covers the challenges facing the Chinese economy, including the middle-income trap, common prosperity, demographic shifts, and debt. They explore how decision-makers in Beijing conceptualize these problems and the role of the housing sector. The guests also discuss China's new growth model focused on productivity-led growth through innovation and industrial upgrading, and the potential scenarios for the Chinese economy in 2035 based on the success of this model. They also touch on the decision-making processes in Beijing and who influences economic policy.