Trade War May Spark a Chinese Debt Crisis, Stevenson-Yang Says

The transcript discusses the potential consequences of Donald Trump's trade policies on China's economy, particularly focusing on the US current account deficit with China and its impact on China's debt. It highlights the importance of a stable Chinese currency for the government's power and the risks associated with China's growth driven by excessive debt. The discussion also touches on US-China trade tensions, including issues like intellectual property theft and tariffs. Finally, it examines the economic challenges China faces, such as rising defaults and inflation, due to its reliance on debt-fueled growth.

What are the potential consequences of Donald Trump's approach to reducing the US current account deficit with China?

How has China's reliance on cheap U.S. dollars affected its economy?

What role does the stability of the Chinese currency play in the government's power?

In what ways could a recession in China impact the global economy?

What are the systemic risks associated with the current state of the Chinese economy?