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" "[T]here are still... 870 million people with a monthly income below RMB 2000 (...US$300) ...yet to join the four hundred million in the middle-income group ...by Chinese standards ...RMB 2000—5000—far below the advanced-economy average. ...[A]n enlarged middle-income group ...is the only way to truly bolster China’s consumption engine.
(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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But... the next generation of leaders... more educated and fluent with diverse cultures, are... equipped to bridge the gap between... worldviews. ... US education has opened their eyes to... virtues of an open... if not a wholly free society. Their desire to question... challenge... pursue the truth, and to push back against injustice will have important implications...
[R]ecalibration comes from two important things... First... is that internal challenges for both countries, China for sure on the economic... political... military... A lot of the focus is now inward. Chinese don't think about Americans all day long. ...Second, there's a huge unintended consequence of these technological restrictions... We've seen it in history... that whenever there are restrictions or... walls, it accelerates technological development. So what we have seen in China recently is a national mobilization. Unlikely partners from the big techs, working together. Universities, industries, governments, all trying to tackle the hard and impossible... [T]hat's... accelerated some of the endeavors to leap frog... [W]e're going to see much more of that, because of these restrictions, not despite them.