May 08, 2025

Rebooting China's Economy — Lessons from the 2008 Crisis

39 minutes

In the face of Donald Trump's tariffs, will China's plans to boost its domestic consumer economy succeed — or could the government in Beijing be tempted to introduce massive stimulus measures, as it did after the financial crisis in 2008? In this episode of China in Context, leading scholar Yasheng Huang, professor of global economics and management at MIT's Sloan School of Management, explains why China's political resilience in a trade war may be greater than its economic resilience — and argues that, despite the current obsession with high technology, reforms of land ownership and the rights of rural citizens and migrant labourers could be key to China’s long term economic prosperity.

Professor Huang's forthcoming book, Statism with Chinese Characteristics — a revised version of his 2008 work Capitalism with Chinese Characteristics — draws on lessons from China's response to the 2008 crisis to highlight the country's current challenges.

For information about the SOAS China Institute Corporate Membership scheme, please contact SCI director Steve Tsang: [email protected]

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The views and opinions expressed on this podcast are those of the speakers and are not necessarily those of the SOAS China Institute.
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SOAS China Institute (SCI)