Were Seeing Consolidation of Power in China: Haass

The video discusses China's economic strategy, focusing on slower growth and state-owned enterprises. It highlights the balance between political control and economic benefits, emphasizing domestic demand and climate change. China's inward focus affects its foreign policy, with improved relations with Japan and the US. A comparison between China and Russia shows China's diversified economy. South Korea's economic concerns about the Japanese yen and its ties with China are also covered.

In what ways does the speaker differentiate between the economies of China and Russia?

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What impact does the weakening of the Japanese yen have on South Korea's economy according to the discussion?

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