Carl Zha brings us his knowledge of China, the US, and global political economic relations. He also brings his exquisite sense of the absurd.

Exactly one year ago, Carl and Steve recorded their marathon discussion of Chinese history, resulting in three episodes about Mao. This time, they have Taiwan in their sights. Just like Joe Biden.

Official US policy on Taiwan is just ambiguous enough to allow plenty of shenanigans, despite recognizing “one China” since the 1970s.

The United States has gone from being a major industrial power to being a service economy with a neglected, crumbling infrastructure. China is building economic relationships around the world “without tanks and nuclear arms and planes,” says Steve. “China has been working in a much more cooperative way and people are lining up to say, ‘sign me up. I don't want the US having its hands on me.’”

The conversation covers the economic and political implications of this reversal of fortune. With their massive exports to the US, China has accumulated vast amounts of US dollars. The 2008 financial crisis supplied impetus for China to seek new uses for their dollars reserves. Carl explains the Belt and Road Initiative and its multifaceted benefits.

Carl Zha hosts Silk and Steel, a weekly podcast discussing history, culture, and current events of China and the Silk Road. Support him at patreon.com/silknsteel. His YouTube channel is https://www.youtube.com/@CarlZha.

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