The podcast explores China's capital-intensive investment strategies through different phases of its modern economic development. Glenn Luk, a returning guest, provides insights into China's economic shifts since its reforms, highlighting the transition from labor-intensive factories in the 90s to advanced manufacturing and green energy infrastructure. The discussion covers the importance of production versus distribution efficiency, with China excelling in the former by leveraging scale to lower production costs. Glenn contrasts China's approach to supply and demand with that of the West, noting China's focus on solving scarcity through supply abundance. The conversation also touches on the role of foreign direct investment and the shift from export-oriented manufacturing to domestic-driven growth, particularly in residential housing and renewable energy.
Sign in to continue reading, translating and more.
Continue
