Interview with George Magnus… China Leadership Monitor

March 4, 2019 by Jim Colburn Leave a Comment

China Leadership Monitor interviews George Magnus on his latest book, Red Flags: Why Xi’s China is in Jeopardy (Yale University Press, 2018), here…

“I think the debt trap and Xi’s reform shortcomings will lead to significantly lower growth, perhaps no more than 3 percent. In a few years, the RMB peg will break, leaving China’s US dollar not too different in relation to the US dollar now. Chinese aging will become more problematic for an economy with more older people than in many other countries. And although China may prove to be the first populous, non-oil authoritarian country to avoid the middle-income trap, I feel that its governance and institutional settings are not propitious.”

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