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This series features brief discussions with leading China experts on a range of issues in the U.S.-China relationship, including domestic politics, foreign policy, economics, security, culture, the environment, and areas of global concern. For more interviews, videos, and links to events, visit our website:

The National Committee on U.S.-China Relations is the leading nonprofit, nonpartisan organization that encourages understanding of China and the United States among citizens of both countries.

Mar 27, 2023

On March 5, 2023, China set a GDP growth target of around five percent for 2023, which is lower than expected. What are the major challenges and risks for China’s economic growth in 2023 and beyond? Where do the strengths in China’s economy lie? Both the promise of continued export and consumption growth and the threat of rising debt and property sector instability raise critical questions. How will tariffs, trade imbalances, and geopolitics affect China’s economic prospects?

In an interview conducted in partnership with Peking University’s National School of Development on March 14, 2023, Dr. Hu Yifan and Dr. Lu Feng provide their forecasts of China’s economy for the coming year.

0:00-2:10 introductions 

2:10-10:10 Predictions for 2023

10:10-23:10 incentives, growth, and economic policy

23:10-31:53 China’s population demographics and economy

31:53-43:15 U.S.-China cooperation and trade

43:15-50:06 Bank failures, nervous markets

50:06- State of the RMB and USD

About the speakers:

Read the transcript for this podcast

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