China: The Bubble That Never Pops

[Tom Paine 1949]

Tom Orlik is a perceptive China expert, specializing in Chinese economics. Here is a fascinating podcast interview with him on SupChina / Sinica. He is interviewed by the always entertaining popular China expert Kaiser Kuo, who first made his name as an expatriate American musician in a Chinese mainland rock band.

Orlik has a nuanced understanding of China. He is now Bloomberg's Chief Economist, based in Washington DC. Previously, he was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, International Monetary Fund, and European Commission.

Orlik’s new book is titled: China: The Bubble that Never Pops. It provides a nuanced view of both China’s economic strengths and weaknesses.

Why doesn't the China bubble pop? A conversation with Bloomberg’s chief economist, Tom Orlik - SupChina

 

[Billy_Kinetta]

 

[Votto]

Tom Orlik is a perceptive China expert, specializing in Chinese economics. Here is a fascinating podcast interview with him on SupChina / Sinica. He is interviewed by the always entertaining popular China expert Kaiser Kuo, who first made his name as an expatriate American musician in a Chinese mainland rock band.

Orlik has a nuanced understanding of China. He is now Bloomberg's Chief Economist, based in Washington DC. Previously, he was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, International Monetary Fund, and European Commission.

Orlik’s new book is titled: China: The Bubble that Never Pops. It provides a nuanced view of both China’s economic strengths and weaknesses.

Why doesn't the China bubble pop? A conversation with Bloomberg’s chief economist, Tom Orlik - SupChina

I had a zit like that once

 

[Tom Paine 1949]

Posting a title page photo of a discredited book from 2002 serves what purpose exactly?

Gordon Chang was and may still be influential in certain impressionistic rightwing circles. He was long a popular “China expert” appearing on Glenn Beck and FOX news and even more mainstream media. In many ways Orlik’s book can be seen as a definitive refutation of Chang’s easy assumptions that China’s economic system will inevitably collapse.

Here, at any rate, is an excerpt from Wikipedia:

Chang has said that the Chinese government would collapse in 2012 and 2016. Chang also says that China is a "new dot-com bubble”, adding that the rapid growth by China is not supported by various internal factors such as decrease in population growth as well as slowing retail sales.... Since 2001 Chang has made predictions that the Chinese government will eventually collapse. Shen Dingli, director of the Center for American Studies at Fudan University, wrote that Chang's predictions "collapse his own credibility."

Chang is a former contributor at The Daily Beast. During the COVID-19 Pandemic, Chang praised the US for acting 'very, very quickly' in response to the epidemic.

....

Orlik by no means rules out an eventual economic or political crisis in China. He is no fan of XiJinping or the Chinese Communist Party, and criticizes its attacks on what are sometimes called “universal human rights.” He merely has a nuanced and, I believe, more objective view of the strengths and weaknesses of the Chinese system than many others.

Western experts had long mistakenly argued that China’s governing systems would inevitably become much “more like us” as it embraced capitalism, stock markets, and free market incentives. By the early 2000s some ideologues like Chang were predicting sudden collapse of China’s system. But China not merely survived the Asia financial crisis, it helped steady the world economy then and after the great financial crisis of 2008 — without collapsing. Now some new ideologues are predicting China’s inevitable victory over “freedom” and “free enterprise capitalism” unless the U.S. stops China’s rise ... by starting a new Cold War, decoupling our economies, etc.

 

[Mac-7]

Tom Orlik is a perceptive China expert, specializing in Chinese economics. Here is a fascinating podcast interview with him on SupChina / Sinica. He is interviewed by the always entertaining popular China expert Kaiser Kuo, who first made his name as an expatriate American musician in a Chinese mainland rock band.

Orlik has a nuanced understanding of China. He is now Bloomberg's Chief Economist, based in Washington DC. Previously, he was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, International Monetary Fund, and European Commission.

Orlik’s new book is titled: China: The Bubble that Never Pops. It provides a nuanced view of both China’s economic strengths and weaknesses.

Why doesn't the China bubble pop? A conversation with Bloomberg’s chief economist, Tom Orlik - SupChina

China worshipers like Orlik are a dime a dozen these days

what does this one say about the millions of square feet sitting empty in the chinese ghost cities?

 

[Tom Paine 1949]

Tom Orlik is a perceptive China expert, specializing in Chinese economics. Here is a fascinating podcast interview with him on SupChina / Sinica. He is interviewed by the always entertaining popular China expert Kaiser Kuo, who first made his name as an expatriate American musician in a Chinese mainland rock band.

Orlik has a nuanced understanding of China. He is now Bloomberg's Chief Economist, based in Washington DC. Previously, he was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, International Monetary Fund, and European Commission.

Orlik’s new book is titled: China: The Bubble that Never Pops. It provides a nuanced view of both China’s economic strengths and weaknesses.

Why doesn't the China bubble pop? A conversation with Bloomberg’s chief economist, Tom Orlik - SupChina

China worshipers like Orlik are a dime a dozen these days
What does this one say about the millions of square feet sitting empty in the chinese ghost cities?

Actually, Tom Orlik says quite a lot about “the millions of square feet sitting empty” in China, especially in his book. Even the Podcast above mentions this phenomenon and why it has not led to a serious cyclical economic crisis in real estate, banking or the economy as a whole.

 

[Mac-7]

Even the Podcast above mentions this phenomenon and why it has not led to a serious cyclical economic crisis in real estate, banking or the economy as a whole.

Dont keep us in suspense

what explaination does the china boot lick guy give?

 

[Tom Paine 1949]

I’ve already led your old nag to the water’s edge. Whether you both drink, drown, or die of thirst ... is up to you.

 

[Mac-7]

I’ve already led your old nag to the water’s edge. Whether you both drink, drown, or die of thirst ... is up to you.

Orlick may get paid by the word to write but I dont get paid by the word to read it

if he cant sum up the gest of his ideas in a few words than maybe he’s just blowing smoke

 

[Natural Citizen]

Western experts had long mistakenly argued that China’s governing systems would inevitably become much “more like us” as it embraced capitalism, stock markets, and free market incentives. By the early 2000s some ideologues like Chang were predicting sudden collapse of China’s system. But China not merely survived the Asia financial crisis, it helped steady the world economy then and after the great financial crisis of 2008 — without collapsing. Now some new ideologues are predicting China’s inevitable victory over “freedom” and “free enterprise capitalism” unless the U.S. stops China’s rise ... by starting a new Cold War, decoupling our economies, etc.

There's nothing free-market about our monetary/economic policies. It's a fallacy at best. Intellectually dishonest at worst.

 

[gipper]

Tom Orlik is a perceptive China expert, specializing in Chinese economics. Here is a fascinating podcast interview with him on SupChina / Sinica. He is interviewed by the always entertaining popular China expert Kaiser Kuo, who first made his name as an expatriate American musician in a Chinese mainland rock band.

Orlik has a nuanced understanding of China. He is now Bloomberg's Chief Economist, based in Washington DC. Previously, he was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, International Monetary Fund, and European Commission.

Orlik’s new book is titled: China: The Bubble that Never Pops. It provides a nuanced view of both China’s economic strengths and weaknesses.

Why doesn't the China bubble pop? A conversation with Bloomberg’s chief economist, Tom Orlik - SupChina

When you make most of the world’s products, maybe your economy never pops.

 

[Unkotare]

Tom Orlik is a perceptive China expert, specializing in Chinese economics. Here is a fascinating podcast interview with him on SupChina / Sinica. He is interviewed by the always entertaining popular China expert Kaiser Kuo, who first made his name as an expatriate American musician in a Chinese mainland rock band.

Orlik has a nuanced understanding of China. He is now Bloomberg's Chief Economist, based in Washington DC. Previously, he was the Chief Asia economist for Bloomberg and China economics correspondent for The Wall Street Journal, based in Beijing. Prior to a decade in China, he worked at the British Treasury, International Monetary Fund, and European Commission.

Orlik’s new book is titled: China: The Bubble that Never Pops. It provides a nuanced view of both China’s economic strengths and weaknesses.

Why doesn't the China bubble pop? A conversation with Bloomberg’s chief economist, Tom Orlik - SupChina

When you make most of the world’s products, maybe your economy never pops.

It doesn't have to pop. In time it will float away to some other country.