Michael Pettis: China’s Consumption Crisis Is The World’s Crisis скачать в хорошем качестве

Michael Pettis: China’s Consumption Crisis Is The World’s Crisis

Learn more about the VanEck Rare Earth and Strategic Metals ETF: www.vaneck.com/REMXJack In this episode of Monetary Matters, Jack sits down with Michael Pettis, Senior Fellow at the Carnegie Endowment, to deconstruct the massive economic imbalances between China and the rest of the world. For decades, the global economy has relied on a specific mechanism: China suppresses domestic consumption to subsidize manufacturing, and the US runs massive deficits to absorb that excess supply. Pettis argues this model has reached its limit. They discuss the concept of "economic involution," why China’s shift from real estate bubbles to manufacturing bubbles is dangerous for Europe and the US, and why the current tariff regimes are merely shifting trade routes rather than solving the problem. If you want to understand why the trade deficit keeps growing despite political intervention, and what a "Great Rebalancing" actually looks like, this is a must-listen. Recorded on November 24, 2025. Trade Wars Are Class Wars book: https://www.amazon.com/Trade-Wars-Are... Michael Pettis’ Work At Carnegie Endowment For International Peace: https://carnegieendowment.org/people/... Follow VanEck on Twitter https://x.com/vaneck_us Follow Michael Pettis on Twitter https://x.com/michaelxpettis Follow Jack Farley on Twitter https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps 00:00 Intro 00:37 VanEck Rare Earths $REMX Pre-roll 06:50 Why China's Consumption Is So Low 09:24 "Brutally Difficult" To Raise Consumption As A Share of GDP 16:20 China's Manufactured Economy: The Statistic Is The Goal 19:03 Why U.S.' Trade Deficit Keeps Growing 22:38 VanEck Rare Earths $REMX Mid-roll 27:20 Why Bilateral Tariffs Likely Won't Work 37:00 A Warning From The 1930s: Intelligent Globalization vs. Deglobalization 1:00:46 AI 1:02:11 Deflation Is Rampant In China: Is This A Problem? 1:05:58 Chinese Stock Market 1:08:00 Chinese Economic Growth in 2025 and 2026: 4.5% Instead of 5%? 1:14:14 Trillion Dollar Deals To Invest In U.S.? 1:18:12 VanEck Rare Earths $REMX End-roll #macro #china #chinafactory #involution #chinaeconomy #pettis #michaelpettis #economy #macroeconomics #chinesemarket #tariffs #trade #trading #brettonwoods #eurodollar