China has become a superpower through its extraordinary economic growth over four decades. It has developed a model of ’state capitalism’ which has combined the strengths of both state ownership and control alongside capitalism in much of the economy. It now faces serious challenges: demographic ageing; an over reliance on investment; a big stock of corporate debt; resistance to further market reform. I discuss these challenges with George Magnus who is one of the leading economic and financial commentators on China and with Linda Yueh, a scholar who has written extensively on the Chinese economy.
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Welcome to Cable Comments! Join Vince Cable as he explores, in depth, important topics affecting our lives, with experts in each field.
Vince Cable is the former Leader of the Liberal Democrats and former Secretary of State for Business, Innovation, and Skills. He is currently Professor in Practice at the London School of Economics.
About Your Host
Vince is the former Liberal Democrat leader 2017-2019.
He was Secretary of State for Business, Innovation, and Skills 2010-2015. Some of his achievements include the world’s first ever Green Investment Bank, support for young people through apprenticeships and the promotion of socially responsible capitalism