Lex Fridman Podcast - #477 – Keyu Jin: China’s Economy, Tariffs, Trade, Trump, Communism & Capitalism

Keyu Jin is an economist specializing in China’s economy, international macroeconomics, global trade imbalances, and financial policy. She is the author of The New China Playbook: Beyond Socialism and Capitalism.
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Transcript:
https://lexfridman.com/keyu-jin-transcript

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EPISODE LINKS:
Keyu’s X: https://x.com/KeyuJin
Keyu’s Website: https://keyujin.com/
The New China Playbook (Book): https://amzn.to/4lpgmyK

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OUTLINE:
(00:00) – Introduction
(00:35) – Sponsors, Comments, and Reflections
(08:26) – Misconceptions about China
(12:57) – Education in China
(22:14) – Economic reforms of Deng Xiaoping
(27:33) – Mayor economy and GDP growth race
(41:20) – Growing up in China
(46:58) – First time in the US
(51:12) – China’s government vs business sector
(54:46) – Communism and capitalism
(58:25) – Jack Ma
(1:04:37) – China’s view on innovation and copying ideas
(1:11:15) – DeepSeek moment
(1:15:09) – CHIPS Act
(1:16:56) – Tariffs and Trade
(1:29:21) – Immigration
(1:34:08) – Taiwan
(1:39:54) – One-child policy
(1:47:51) – China’s economy collapse predictions
(1:52:34) – Advice for visiting China

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Newshour - European leaders give upbeat account of their talks with President Trump ahead of his meeting with Putin

The US president reportedly told European leaders that his goal for the summit was to secure a ceasefire between Kyiv and Moscow. Poland's president, Karol Nawrocki, was one of the Nato leaders on the call with the Donald Trump. We'll hear from his foreign policy advisor, Marcin Przydacz.

Also on the programme: Lebanon’s president Joseph Aoun has warned against foreign interference in the country’s affairs during a visit by a senior Iranian official, as his government takes steps towards disarming Hezbollah; and we'll hear about one project in Australia that's hoping to ease the world's rare earth bottleneck.

(Photo: US President Donald Trump delivers a speech as he hosts an event at the John F. Kennedy Centre for the Performing Arts, in Washington, DC, USA, 13 August 2025. Credit: WILL OLIVER/POOL/EPA/Shutterstock)

The Daily Signal - Victor Davis Hanson: The Left’s Anger is Proof Trump’s Counterrevolution Is Working

Not only is Trump succeeding, he is exceeding expectations as well. But the Left is not going down without a fight. Victor Davis Hanson explains the challenges being poised against Trump’s counterrevolution, and what he believes are the next steps on today’s episode of “Victor Davis Hanson: In His Own Words.”


“ The symptoms of the progressive project are not just the Democrats exercising power in Congress or holding the White House, it's how they get that power. And they get that power through PBS and NPR, now defunded; cable news and slanted network news, now under assault when they lie and defame and face court ramifications.


“ The majority of the American people oppose [Democrats’] agenda. And they do this through the bureaucracies, through the media, through the universities, through the popular culture. And these are the very sources that Donald Trump is asking them to reform. And the government is going to shrink. The government's gonna get out of the media business. The government's gonna take a hard look at universities, who want and obtain federal funds.”


👉Don’t miss out on Victor’s latest videos by subscribing to The Daily Signal today. You’ll be notified every time a new piece of content drops: https://www.youtube.com/dailysignal?sub_confirmation=1 

 

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👉He’s also the host of “The Victor Davis Hanson Show,” available wherever you prefer to watch or listen. Links to the show and exclusive content are available on his website: https://victorhanson.com 


(0:00) The Greatest Counterrevolution (0:55) Trump's Radical Changes and Achievements (2:56) Public and Media Reactions (3:58) The Progressive Project (5:59) Challenges and Future Outlook (7:18) Conclusion 

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WSJ What’s News - What’s Driving Tech Companies to Hire More U.S. Workers?

P.M. Edition for Aug. 13. A revived tax deduction is prompting tech startups to dust off their hiring plans. WSJ special writer Theo Francis discusses the change and its implications. Plus, the New York Attorney General is suing the parent company of payments platform Zelle for allegedly failing to protect users from fraud. We hear from Journal reporter Dylan Tokar about why the suit, which was abandoned by a now-dismantled federal watchdog for consumers, may not be the last of its kind to come from attorneys general of democratic states. And President Trump meets with European leaders to discuss red lines in Ukraine. WSJ chief European political correspondent Bojan Pancevski joins to talk about how the call went and what it means ahead of Trump’s planned summit with Russian President Vladimir Putin on Friday. Alex Ossola hosts.


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WSJ Minute Briefing - Hopes for Interest-Rate Cut Lead to Modest Stock Gains

Plus: Amazon announces new grocery services. Bullish’s stock soars on its IPO day. Cava misses growth expectations. Katherine Sullivan hosts.


Sign up for the WSJ's free What's News newsletter.


An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.

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Motley Fool Money - Why Restaurant Stocks Have Gone Bad

Restaurants are starting to see a drop in traffic and pressure from higher commodity prices and labor costs. So, it’s no surprise restaurant stocks are down big this year, but the size of the drop in names like Cava and Chipotle are shocking. Plus, we cover the one restaurant tech stock you need to know.


Travis Hoium, Lou Whiteman, and Rachel Warren discuss:

- Cava’s big earnings drop

- Why Chipotle has struggled

- Restaurants as an economic warning

- 1 restaurant tech stock that’s still growing


Companies discussed: Cava (CAVA), Chipotle (CMG),


Host: Travis Hoium

Guests: Lou Whiteman, Rachel Warren

Engineer: Dan Boyd


Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement.

We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode.

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The Journal. - How Intel’s CEO Became a Political Liability

President Trump has called for the resignation of Intel’s CEO, Lip-Bu Tan. Tan played a key role in building up China’s chip industry, earning him the nickname “Mr. Chip.” Now his ties to China have opened him up to criticism, just as he’s struggling to turn Intel’s business around. WSJ’s Stu Woo explains how Tan attracted the President’s attention, and what it says about the ongoing U.S.-China tech rivalry. Annie Minoff hosts.

Further Listening:
- The Chip Business Is Booming. Why Isn't Intel?
- Why Washington Went to Wall Street to Revive the Chips Industry
- The U.S. Wants American-Made Chips. Can Intel Deliver?

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1A - The Push To Exclude Noncitizens From The 2030 Census

The U.S. undertakes the census every 10 years. Hundreds of thousands of Census workers set out to count everyone living in the U.S., regardless of their citizenship status.

That data is used to reallocate seats in the House of Representatives, redraw voting districts on the local level, and decide how federal funds should be allocated in each state. 

The next one is 5 years away, and President Donald Trump wants to make big changes to the 2030 count – by excluding noncitizens. 

Why does it matter who’s counted in the Census? How would making changes to it influence the life of every person living in the U.S.? 

Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.

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The Daily Signal - ‘I Told You So’ Starts Here: Criminal Investigations Into High School-Assisted Abortions, Jan. 6 Truth, and More

“I told you so starts here”


Over the past 200 days (the first 200 of the second Trump term) many details have come to light that confirmed things that for years had been dismissed as “conspiracy theories.” Just this week, details that show that the FBI, under Trump’s own AG, Jeff Sessions, had whistleblower testimony that they failed to follow up on regarding classified document leaks from then-Congressman Adam Schiff that were leaked to trigger embarrassing investigations into the President in time to impact the 2018 mid-term elections. Also this week, the Capitol Police Chief finally spoke out and confirmed that the President had asked for the National Guard be deployed to the Capitol building on January third. Three days before the deadly riots.


Stories like this come from courageous independent investigative reporters like John Soloman at ‘justthenews.com’ our guest, Walter Curt of ‘WCdispatch.com’ who shares with us two stories. The first is of two teenage girls who allege that they were taken to get abortions by Fairfax County school officials without alerting their parents. Just now, we are learning that Governor Youngkin has announced that he is “directing the Virginia State police bureau of criminal investigation to open a full criminal investigation.” The second regards a group of former US intelligence officers that call themselves “the Steady State” who have endorsed their former co-worker in the intelligence field, Abigail Spanberger, for Virginia Governor.


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