Independent Economist Xie Says China Needs to Change

The video discusses the IMF Spring meetings, focusing on the challenges faced by emerging powers like China in gaining a greater voice in the global economic order. It highlights the impact of protectionism and the pressures on the Western middle class. The discussion shifts to China's economic position, its capital controls, and its desire for a significant role in the global economy. The video also examines shadow financing in China, its property market, and the sustainability of its economic model, considering the risks of leverage and systemic issues.

How does the shadow banking system in China affect its overall economic stability?

What are the potential risks associated with China's reliance on property markets for economic growth?

Discuss the possible outcomes for China's economy if it continues on its current trajectory.