China’s economy is in trouble.
But how do you survive when the global economy is on the brink of a second economic downturn?
That’s the question the Global Intelligence team asked a panel of experts to ask.
The experts are experts in their fields, from finance and law to technology and media.
They all spoke to us in advance of their upcoming appearance on “The Real News.”
The first question: What makes China different?
The second question: How can it be a force for good?
This is part one of a three-part series, The China Paradox, that examines China’s economic and political trajectory.
First, an introduction to China’s leadership.
Next, a look at how China is doing, in the wake of the global financial crisis.
And then, the next day, the question: Is China doing too little, too late?
This week’s episode airs on National Geographic.
Part two will air on the same network on Sunday.
You can watch it live on the Global Markets channel, on the Discovery Channel, on Google Translate, on YouTube, on TuneIn, and on the Apple Podcasts.
Listen to the interview at NATIONAL GEORGE’S FARM (part 1) Next week’s panelists: Professor John Sargent, director of the Centre for Global Development and co-founder of the World Bank.
Professor Sarget said the Chinese economy is a product of a complex set of economic policies, including a “market-driven, government-led, market-based, and market-dependent” economy.
He said the market-driven policies are driving the economy, but the government has to intervene to rein in inflation and growth.
Professor Simon Evans, an economist at London’s Royal Institute of International Affairs, said the policies are working, but they are not enough to restore the economy to pre-crisis levels.
He argued that China is in a very challenging situation: It is too big, too dependent on the export market, too much debt, and too inefficient to make significant structural changes.
Professor Evans said it is possible to recover China’s GDP growth by reducing the size of the government and reducing its role in the economy.
“The key thing to remember,” he said, “is that the Chinese system has been designed for this and this is the key thing we need to work on.”
In fact, Mr. Sargant said, it is more difficult to achieve economic recovery if China is not allowed to control its own domestic markets and make its own decisions about what to produce, and how to produce it.
Professor Richard Wolff, director emeritus of the Mercatus Center at George Mason University, said that the problem is not China’s large size, but rather the large size of its own economy.
Professor Wolff said China has always been an importer of goods and services.
“What we are seeing now is a massive over-investment in China,” he added.
He noted that China’s domestic demand has increased significantly over the last few years.
But the domestic demand for Chinese products has also increased dramatically.
Professor Wolsff said this means that China has been “building its domestic demand, but in a way that is not sustainable.”
He said that this is an economic crisis that is a result of a “pessimistic view of the world, where the world is all good and people will just work and live a good life.”
Professor Wolfs main advice to China would be to focus on producing domestically and export to other countries.
He added that China could improve its export efficiency by increasing production of its domestic markets.
The Chinese government should focus on the three main components of its economy: domestic consumption, export-oriented investment, and export-led investment.
He also recommended that the government focus on building an export-based economy, as the government could be the key to restoring growth.
For example, he said China could invest in its infrastructure and technology, which would allow the Chinese government to expand export-driven investments.
Professor Schmitz, who served as China’s ambassador to the United States from 2010 to 2016, said China needs to diversify its economy, not just its export-dependent industries.
He explained that China needs diversified economies in order to compete globally, and it needs to invest heavily in the domestic and export sectors to be competitive.
Professor Rokan, a Chinese economics professor at the University of Michigan, said he thinks that China must focus on diversifying its economy to create a new type of manufacturing sector, or that it could focus on creating jobs in export-focused industries, such as information technology and robotics.
Professor Ryland said that he thinks China is “a long way off from a new manufacturing sector.”
He added, however, that there is a chance for China to diversitate its economy.
As the Chinese national currency, the renminbi, loses value and falls in value, the economy suffers.