David Goldman: We're Very Close to Global Recession

The video discusses the economic challenges and strategies of China, focusing on the rebalancing of corporate liabilities due to RMB fluctuations, the impact of declining global trade on potential recession, and China's transition from an old to a new economy. It highlights the slowing credit growth and financial risks, emphasizing the Chinese authorities' focus on maintaining high real rates to enforce reforms. The discussion also covers the political implications of financial risks and the importance of managing unemployment while stabilizing economic growth.

How has the rebalancing of Chinese companies' liabilities affected their dollar debts?

What are the implications of the decline in aggregate trade for China's economy?

What challenges does China face in transitioning from a polluting factory-based economy to a high-tech economy?

In what ways do the Chinese authorities view financial risks in relation to old industries?

What is the significance of maintaining growth in the 6% range for China's economic policies?