Leland Miller, founder of China Beige Book, sits down with Jack Farley at Camp Kotok to give a brief update on the state of the Chinese economy. Miller argues that, cyclically, Chinese growth is actually better than many economists believe. However, he reiterates his view that from a secular point of view, he expects Chinese growth to continue to encounter major headwinds. Recorded on August 5, 2023.
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Big thank you to David Nadig of VettaFi for supplying the drone footage: https://www.youtube.com/watch?v=wT1H7or-sHo
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Timecodes:
(04:32) Chinese Real Estate Is An Absolute Mess
(06:09) China's Economic Growth Model Has Changed
(09:11) China's Economic Is Cyclically Better, But Securlarly Worse, Than Many Expect