Nick Lardy on Chinese Economics and U.S.-China Relations

East Asia Now

Nick Lardy, nonresident senior fellow at the Peterson Institute for International Economics (PIIE), offered a brief origin story of his entry into the field of Chinese Economics, which involved an interesting piece of local Madison political engagement. He discussed his illustrious career across academia and think thanks, and gave us a breakdown on the ebbs and flows of the role of the private sector in China’s historic economic growth. Offering a corrective to misconceptions of China’s slowed growth and fundamental untrustworthiness, he also outlines how an increasingly hardline U.S. policy towards this rising global power could force it towards self-sufficiency in ways that would be detrimental to the U.S. economy.