Professor Stephen Roach discusses how changes in China’s economic policies shaped his course, ‘The Next China’, at Yale University. To address the ‘Four UNs’ (unstable, unbalanced, uncoordinated, and unsustainable) that may undermine China’s economic growth, the Chinese government deployed four ‘transitional imperatives’ with focuses on stimulating the domestic market. Roach argues that the Trump administration’s containment strategies against the Chinese economy may have undesired consequences on a global scale.
Why does this matter? An increased trade tension between the US and China is certainly a hindrance to alleviating the problem of weakening global growth. It’s also interesting to see whether the tactics that the Chinese government might implement to relieve the downward pressure on its own economy will bear fruit, given it’s facing tremendous hostility from its biggest trading partner.
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