Part 7/8:
Global Economic Landscape: A Focus on China
As the U.S. navigates its post-election landscape, attention shifts to global economic shifts, particularly concerning China. The Chinese economy grapples with its property bubble, amidst attempts to grow its manufacturing exports. Although they have managed to maintain a record trade surplus, there are growing concerns about foreign firms pulling out, indicating a decoupling that may affect global supply chains long-term.
Within China, local governments are running into fiscal troubles as they rely heavily on income from real estate, putting them at further risk of economic instability. Efforts to tax high-net-worth individuals reveal a desperate need for revenue to address these imbalances.