Part 4/12:
Greer underscored China's economic challenges, citing a youth unemployment rate exceeding 20%, structural issues such as overcapacity in manufacturing, and reduced access to export markets due to tariffs implemented by the U.S. His assessment suggests that China's official growth figures—often reported at around 4-5%—may not fully reflect domestic realities. Skepticism about the accuracy of Chinese economic data is widespread, given recent tightening of statistical disclosures by Beijing.
The conversation pointedly emphasized that U.S. policies aim to safeguard American interests, not to destabilize China. The goal is to create a fairer, more resilient economic framework where dependencies on Chinese supply chains are minimized.