Podcast: What the West Doesn't Understand About China's Economy—A Lot!

Podcast: What the West Doesn't Understand About China's Economy—A Lot!

An employee counts Yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei, Anhui August 3, 2010. Stringer Shanghai/Reuters
from Asia Unbound

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China

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Rising debt, lagging growth, and widespread corruption are usually considered detrimental to a country’s economy. However, in this week’s Asia Unbound podcast, Senior Fellow at the Carnegie Asia program Yukon Huang challenges conventional wisdom, even arguing that corruption has been beneficial for China’s economic growth. Listen below as Dr. Huang describes the counter-intuitive findings from his new book, Cracking the China Conundrum: Why Conventional Economic Wisdom is Wrong, and how they challenge many of the West’s traditional assumptions about the Chinese economy.

Listen to the podcast on SoundCloud »

Elizabeth C. Economy

C. V. Starr Senior Fellow and Director for Asia Studies