Martin Wolf talks to Keyu Jin: Has China’s economy run out of gas?

This podcast features an interview with Keyu Jin, a professor at the Hong Kong University of Science and Technology and Harvard, discussing the current state and future prospects of the Chinese economy. The conversation covers China's economic slowdown, the impact of the real estate bubble, and the country's relationship with the US and Europe. Jin argues that while China faces significant macroeconomic challenges, its technological innovation and potential for internal growth offer reasons for optimism, suggesting a 3-4% growth rate for the next decade. She highlights the need for structural reforms, particularly in social welfare and consumption, to fully unlock China's economic potential. The interview also touches upon the impact of US protectionism and China's response, with Jin noting that sanctions have inadvertently spurred domestic innovation.