The Second China Shock, Part 1: How This Time Is Different with Brad Setser | Markus Academy | Ep. 165-1

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https://markusacademy.substack.com/p/the-second-china-shock-how-this-time

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For our latest episode, Brad Setser joined Markus’ Academy for a two-part conversation on the second China shock and the second coming of global imbalances. This video is the first part. Setser is a Senior Fellow at the Council on Foreign Relations and a former official at the US Treasury and the Office of the US Trade Representative.

Timestamps:[00:00] Markus’ Introduction[05:17] China’s unprecedented surpluses[21:00] An export boom bolted to a stalled economy[35:11] This time the surpluses are not recycled[50:11] China’s statistical puzzles and the undervalued yuan