In strategic and military terms, does it matter that the Chinese economy is slowing? Many assume that because of the large size of its economy, Beijing will continue to have enormous resources with which to expand its strategic and military presence in East Asia. Although some analysts have noted that even a 3-4% expansion in a $10 trillion economy is enormous in absolute terms, Hudson Senior Fellow John Lee, an expert in Chinese development, explains that the slowdown will have a disproportionate negative fiscal impact for the Chinese government. Even in the event of a moderate slowdown, it will lead to the worst fiscal outlook in over 35 years.
On November 19th, Dr. Lee gave a presentation examining the origins of the fiscal problem, explaining why conditions will likely worsen under any domestic economic scenario, and describing the potential effect of the slowdown on the PLA’s capacity to project power in the region.
Join Hudson Institute for a conference with leaders from industry, government, academia, and defense to discuss the latest developments in the US-China AI competition.
Join House Armed Services Committee Chairman Mike Rogers (AL-03) for a fireside discussion with Senior Fellow Nadia Schadlow on Congress’s role in revitalizing America’s defense industrial base.
Please join Hudson Institute for a special address on the current state-of-play by Ukrainian President Volodymyr Zelenskyy, who will join remotely, followed by a question-and-answer session on the war with Hudson Institute President and CEO John Walters.
Bill Frauenhofer, executive director for semiconductor investment and innovation at the US Department of Commerce, will join Hudson Institute Senior Fellow David Feith for an invitation-only fireside chat on semiconductor onshoring and the role of government capital in strengthening America’s technological and industrial leadership.
