Why China's Biggest Strength Is About to Become Its Biggest Problem
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China ran a $1.2 trillion trade surplus last year, many of its companies don't need to make a profit, and its exports are growing at two to three times the rate of the global economy. Michael Froman, former US Trade Representative under President Obama and now president of the Council on Foreign Relations, tells us why Xi Jinping sees a consumer-led economy as a political threat, and what happens when China finally runs out of countries willing to buy. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business
Tags: China, Consumer behavior, Council on Foreign Relations Inc, David Westin, Donald Trump, Michael Froman, Trade, Trade Surplus, US China relations, Xi Jinping, chinese consumers, chinese economy, consumer demand, export, trade imbalance, us china trade
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