In episode 3, Noah Smith and Erik Torenberg track China's housing bubble, its healthcare crisis, and Taiwan in relation to China and Japan. Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co RECOMMENDED PODCAST: Turpentine VC: Delve deep into the art and science of building successful venture firms through conversations with the world’s best investors and operators. Subscribe to listen on the platform of your choice: https://link.chtbl.com/TurpentineVC TIMESTAMPS: (00:00) Episode Preview (01:20) Metabanter and how Noah TA'ed Erik's Econ 102 class (02:41) Overview of China's economy (05:11) Why are we seeing a slowdown in China's growth? (07:13) The US housing bubble compared to China's (10:03) What are the concerns around China's real estate? (13:28) Evergrande, the Lehman Brothers of China (15:08) Predictions for the next few years of China's economy (17:02) What does China's slowdown mean for their position in the world at large? (18:19) China's demographics in a decade (21:36) US-China relations (25:01) US vs China's defence capabilities (27:54) Noah's plan for dealing with China (32:24) The political coalition preserving regulations (33:40) What should China be doing to course correct? (37:24) China's calculus about Taiwan (38:53) Japan's views on Taiwan and China (41:30) One Belt One Road Initiative and Xi Jinping's Legacy SPONSOR THIS PODCAST: We're looking for sponsors to partner with on this show. If you or your business might be interested, send us a note at [email protected]. Find out more here: https://www.turpentine.co/sponsors LINKS REFERENCED: - Noah's interview with Dan Wang, China technology analyst: https://www.noahpinion.blog/p/interview-dan-wang-china-specialist - China's Real Estate: https://www.noahpinion.blog/p/real-estate-is-chinas-economic-achilles - All of Noah's analysis on China since 2021: https://www.noahpinion.blog/p/the-china-2023-series TWITTER: @noahpinion (Noah) @eriktorenberg (Erik) SPONSOR: NetSuite provides financial software for all your business needs. More than thirty-six thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: http://netsuite.com/turpentine and defer payments of a FULL NetSuite implementation for six months.