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Episode #108

China's Economy 25 Years After Tiananmen Square

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Friday, May 30, 2014

National Museum of China, soldier The National Museum of China, grandly situated on Tiananmen Square, reopens on April 1, 2011, after three years of expansion and renovation. (Jocelyn Ford)

June 4 marks the 25th anniversary of Tiananmen Square, when student-led protests in China were ruthlessly put down by the country's government. Today, China is poised to surpass the United States as the world's largest economy. Perhaps that's not too surprising for a country of 1.3 billion people that has embraced capitalism and seen its economy boom. This week on Money Talking, WNYC contributors Joe Nocera of the New York Times and Rana Foroohar of Time magazine discuss how the meteoric rise in China's economy is connected with the Chinese government's response to Tiananmen Square and what it means for it to surpass the U.S. as the world's largest economy.

Hosted by:

Charlie Herman

Produced by:

Daniel P. Tucker

Contributors:

Rana Foroohar and Joe Nocera

Comments [1]

Steve Eisenberg from Springfield, NJ

The duel commentary on the meaning of China becoming the worlds largest economy omits one very important point I learned from a Chinese friend who worked for China Bank in bond purchases and most lately in commodity trading based in Hong Kong. He told me one of the concerns they deal with is how easy it is to disrupt commodity markets by a growing appetite for basic material and agricultural commodities. On a consumer level just look at the price increases I have dealt with in bacon and almond based products in the US. No doubt that is the tip of the iceberg and affect inflation indexes that are not accurately measured at the consumer level.

May. 30 2014 08:31 AM

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