China Shock 2.0: ‘Europe is in worse shape than Canada’ | Prof. Ian Lee

“Europe is in worse shape than Canada,” argues Professor Ian Lee. He joins Jim Csek and Iain Burns to explain China Shock 2.0—and what China’s growing manufacturing power means for Europe, Canada and the United States. Lee discusses China’s move into higher-value exports, the Draghi report on European competitiveness, subsidies, currency policy and the challenges facing Western manufacturers. He also weighs China’s short-term strengths against its longer-term demographic and debt problems. For Canada, Lee argues that natural resources and lessons from Australia deserve more attention than the ambition to become a manufacturing superpower. The interview also examines steel, trade barriers and Canada’s choices between the U.S., Europe and China. CHAPTERS 0:00 Professor Ian Lee returns: China Shock 2.0 1:10 Canadian projects and Chinese steel 2:13 China and the U.S.: the struggle for dominance 4:22 China’s reforms and the first China shock 8:13 The move into high-value manufacturing 10:09 Europe’s vulnerabilities and the Draghi report 13:57 Canada, innovation and regulation 17:54 China’s strength and longer-term challenges 22:56 Subsidies, currency policy and export advantages 33:05 Australia, resources and Canada’s economic choices Support independent media: https://thereallybigshow.ca/support/ Visit The Really Big Show: https://thereallybigshow.ca/ Live every weekday at 9 a.m. Pacific / noon Eastern. This interview presents the guest’s analysis and opinions. Thumbnail: editorial montage. #IanLee #ChinaShock #CanadianEconomy #TheReallyBigShow Watch on YouTube: https://youtu.be/wnfLz_NzF1E