This week, I’ve been looking at the global economy on the verge of melting down and thinking about what happened in China in 2008. I asked Han Feizi to come on the show to talk about their response in the wake of 2008 and what they could do this time around when/if things get really bad again.
Looking at where China is and the current state of AI bubble and global economy, a 2008 type of crisis looks increasingly possible. Something that causes global recession will lead to reduced demand for Chinese export, so China will need to find new avenues of growing its economy. Many of the low hanging fruits from 2008 are not there anymore. What kind of investment can China make that will have multiplying affect on its economy? That’s the kind of question I asked Han Feizi about.
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