Understanding the China Economy Through Jin Keyu’s Insights on Trade and Technology

The Intersection of Trade and Technology in China

In an enlightening interview with economist Jin Keyu, a Harvard-trained academic at the London School of Economics, we explore the complexities of the China economy. Her new book, The New China Playbook, dives into China’s unique developmental approach, particularly in the realm of green energy and renewable energy technologies.

Local Governments and Industrial Success

Jin discusses how local governments act as pivotal players in the China trade landscape. These industrial subsidies have fostered an environment where manufacturing and technological prowess thrive. For instance, in sectors like electric vehicles and solar power, Chinese innovation and production capabilities have raised the nation’s global standing.

Rethinking Economic Reform in an Era of Global Pressure

Jin emphasizes the critical need for economic reform amidst the ongoing US-China trade war. This involves shifting to a sustainable growth model that prioritizes innovation over sheer production capacity. The conversation touches upon the notion of the middle-income trap, highlighting the need for local governments to support entrepreneurs effectively while ensuring environmental sustainability.

Challenges and Opportunities Ahead

• Transitioning from a middle-income to high-income economy.
• Addressing misconceptions about China's growth model.
• Enhancing international cooperation in the green energy sector.

As we navigate the complexities of the China economy, Jin’s insights provide a hopeful outlook on the transformative potential of local governance and innovation in response to external pressures.