China's suffering from a severe deficit in demand because of low wage growth, scarring effects of the pandemic and... the real estate. But... because… - Keyu Jin
" "China's suffering from a severe deficit in demand because of low wage growth, scarring effects of the pandemic and... the real estate. But... because of China's size today, growing at 3% to 4% even, is not a bad thing. If India grows 4 percentage points faster than China from now until 2030, China's still going to contribute $130 trillion dollars of additional GDP more than India... to the world.
About Keyu Jin
(Chinese: 金刻羽; born 13 November 1982) is a Chinese economist. She is a Harvard-educated economist serving as associate professor of economics at the . She is one of the 's , specialising in international macroeconomics and the Chinese economy. Her research focuses on global trade imbalances, global asset prices and China's economic growth model. She is the author of The New China Playbook: Beyond Socialism and Capitalism (2023).
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Additional quotes by Keyu Jin
President Xi recently said, We hope that America would be prosperous, and hope that the U.S. would wish China to be more prosperous as well. I think that does send a message, but I do think that the two countries are recalibrating the relationship, learning from what has happened. I don't... think there's a set, specific idea of how it's going to look...
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The two biggest themes this year, AI and sustainability: one represents competition between the two; the second represents collaboration. There's no way we're going to get to green transition without the collaboration... So my advice would be first... start from small victories to build trust... and recalibrate and readjust to real time circumstances.