Unsustainable exports and debt stimulus cannot cover up weak consumption and a property crisis for ever, but the reforms necessary are not on the agenda
China’s Economic Prospects On The Cusp
First aired: Gresham College, London, 3 November 2025
This is a lecture given at Gresham College,
China’s industrial policy is creating instability at home and abroad
Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP
How is China’s economy faring?
China’s economy has suffered from slow consumer spending and a slump in the real estate market. The unpredictable trade war with the United States risks further economic problems, but the current pause in tariff increases plus persistent stimulus from Beijing are keeping the worst outcomes at bay.
Trade war: game over or next round?
First published: Deutsche Welle 15 May 2025
Here is a 45 minute interview with Germany’s Deutsche Welle in which Kate Ferguson and I talk about the US CHina trade war,
What are the Chinese Government’s economic priorities for 2025?
The annual Central Economic Work Conference (CEWC) is held by the Chinese Communist Party (CCP) every December to outline the government’s main economic objectives and policy plans for 2025. But hat does Beijing have in store?