China's Two Sets of Books

Eric and Eliot welcome Leland Miller, a non-resident senior fellow at the Asia Security Initiative of the Atlantic Council’s Scowcroft Center on Strategy and Security and co-founder & CEO of China Beige Book International. Lee explains how China Beige Book acquires data on the PRC economy as well as the pitfalls of using official Chinese government data. They discuss both the short and longer run prospects for China’s economy, the specific dysfunctions of one man rule of managing a large economy, the question of whether or not we have seen “peak China” and if that will make the PRC more or less aggressive vis a vis Taiwan. They consider whether an invasion or blockade of the island is more likely and why any of this should matter to the broader American public. Shield of the Republic is a Bulwark podcast co-sponsored by the Miller Center of Public Affairs at the University of Virginia.