Podcasts
What Stops China from Ruling the World? – Ho-fung Hung on the Problems Plaguing China’s Development Model and Its Limited Influence in the World
In this conversation with the Review of Democracy, Ho-fung Hung shares his eye-opening analysis of the internal contradictions and external limitations plaguing China’s export-led development model and offers novel insights into the difficulties its political leadership is encountering in challenging US hegemony and extending its global sphere of influence. While acknowledging China’s impressive achievements, Hung emphasizes China’s technological dependency and chronic industrial overcapacity, the impact of the rise of protectionism, the hegemony of the US dollar, and China’s lack of confidence in its military capabilities. At the same time, he forecasts the intensification of US-Chinese rivalry in connection with the gradual decoupling of the US and Chinese economies.
12.06.2024
