NYU's Spence Says U.S. Has Capacity to Hurt China in Short Run

The video discusses China's current economic challenges, including the impact of US tariffs and its long-term goals of becoming a technologically advanced and influential nation. It explores the nostalgia surrounding China and how perceptions may lag behind its rapid evolution. The potential for China to challenge the US dollar as a reserve currency is analyzed, with experts suggesting it is unlikely in the near future. The video also examines China's control over capital markets and the effects of trade wars, highlighting the psychological impact on the economy and the dominance of the housing market over the stock market.

What are China's long-term goals in terms of technological advancement and international influence?

How does the perception of China lag behind its reality according to the discussion?

What factors contribute to the stability of China's FX reserves compared to previous years?

In what ways might the psychological impact of economic conditions in China be more significant than the actual economic impact?

What role does the housing market play in the Chinese economy compared to the stock market?