The China Crisis: How Bad is it? | Free Expression: WSJ Opinion

Faced with a real estate crisis, record high youth unemployment, and massive debts at the local government level, how much economic trouble is the People's Republic of China in? On this episode of the Free Expression Podcast, economist and China expert George Magnus tells Wall Street Journal editor at large Gerry Baker about whether #China under #Xi Jinping’s hardline approach is headed down the same road to collapse as the Soviet Union and what are the long-term consequences for the world economy.

0:00 Introduction
2:30 The China Crisis: How Bad is it?
7:55 The Real Estate Crisis
12:35 Debts at the Local Government Level
15:19 Is China's Economy Sustainable?
21:04 Commercial Break
21:25 China and the Soviet Union

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