China’s Economy Is in Flux

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China’s Economy Is in Flux



Throw in three years of pandemic-related supply-chain issues, increasing “Buy American” sentiment among policymakers, and a sudden end to China’s zero-Covid policies, and it’s all a lot to keep track of. So where exactly is China’s economy headed? And what does this mean for American businesses?To get more china economy news latest, you can visit shine news official website.

“If you read the news headlines, it does feel like every day, there’s something about China,” says Nancy Qian, a professor of managerial economics and decision sciences at Kellogg and codirector of the Global Poverty Research Lab.

She recently sat down with Kellogg’s Ben Jones, a professor of strategy, and David Dollar, a senior fellow at the Brooking’s Institution, to discuss both the short- and long-term headwinds facing China’s economy. The trio also discuss the challenges that American businesses continuing to do business in China may face; why China’s role in the global supply chain may be irreplaceable; and whether it’s even possible for the world’s two largest economies to “decouple” without causing a tremendous amount of harm.
Laura PAVIN: In recent weeks, China abandoned its controversial zero-Covid approach to the pandemic, which it had maintained for nearly three years. The approach was never particularly popular in the global business community, because it caused havoc to supply chains everywhere. And lifting it is sure to send infections soaring—meaning even more chaos, at least in the short term.

But for economists and policymakers who closely study China, this is hardly the only story. This year, the nation saw its largest democratic protests in decades; and China and Russia declared “no limits” to the partnership between their nations—shortly before Russia invaded Ukraine, significantly ramping up geopolitical tensions with the U.S.

All this, combined with China’s growing economic and military might—and the U.S.’s growing nervousness about how intertwined its economy is with China’s—has American businesses wondering: How should they interact with China?

Nancy QIAN: “So for the last few years, if you read the news headlines, it does feel like every day, there’s something about China.”

PAVIN: That’s Nancy Qian. She’s a professor of managerial economics and decision sciences at Kellogg, and codirector of the Global Poverty Research Lab.

QIAN: And the issues are so complicated, it seems like a good time for us to dig into the minds of people who have been thinking about this from the research community and see what we can learn from them.

PAVIN: This is The Insightful Leader. I’m Laura Pavin. But I’m going to hand the mic over to QIAN for the next episode…to talk about China…and how the economic uncertainty surrounding it could affect its future, and the futures of the countries it does business with.