How does China work?

I suggest giving "Capitalism with Chinese characteristics" by Yasheng Huang a chance, it's basically the counter argument to "How china works" from another Chinese author. Broadly similar big scope book, about a 7/10, similar to Lans imo.

I'll check it out, thanks for the suggestion.

@dr_sugo Do either of these books explain how China finances overproduction and/or dumping in order to bankrupt/weaken foreign industries of the same sector/product line?

@lthlnkso No, that's a more modern phenomena

The American government's job is the complete opposite: To stand in the way of people making stuff

Did you get the impression with the government hierarchy like its an adapted feudal system? I have not read this book, but from other things I have read it sounds like they have kept that old Chinese dynasty system but the local landlords just have different directives from the central government (the emperor). Also note that the Trump administration is sort of reviving the Hamilton economic model where the government invests in businesses which seems a little similar.

China works by saying "everything works" and hoping that Western intellectuals won't scrutinize the declared statistics this year either.

It's crazy that China actively discovers freedom at the exact same time US forgetd about it

My experience has been China is very much like western economics where there is a strong private profit motive, but the key difference is how actively the Chinese governments put their thumbs on the scale to prop up and accelerate certain industries.

Thanks for sharing! As I was listening, sounds almost like government-influenced VCs. Politics and economics are always intertwined so for anyone who would would enjoy a historical underpinning, I highly recommend "Deng Xiaoping and the Transformation of China by Ezra F. Vogel"

So it's basically just Dirigisme? The child of free markets and central planning

good book. Now go for The logic of governance in China if you want hard drug

The make more stuff. Theme only works if the stuff is purchased. The Chinese are a saving people and there’s really no way that the Chinese government can get them to buy more stuff so the real goal is to pirate and take over other markets by dumping that’s all they got.

Same as ussr

Worth a read?

I enjoyed it. I think if the subject sounds interesting then it is a good choice.

Thanks for another well written and informative video!

The industrial zones in Chinese cities are pretty wild- they’re often massive, the size of an entire district.

Government for the people vs government for billionaires