New Video Interview:
What are the implications of thinking about Chinese economic strategy through the lens of this concept?
To help us unpack this, I am joined by Professor Yan LIANG from Willamette University, in the USA to discuss this. The conversation is wide ranging, and goes into questions of productivity at a production level, as well as capital productivity at a system / transactions flow level.
We touch on questions of money, credit and arguments about China's focus on investment and whether this comes at the expense of household consumption. (Hint: it doesn't.)