Carnegie Council Audio Podcast

China's economy has grown exponentially over the last four decades, but George Magnus, former chief economist at UBS, sees four traps that could derail its continued ascent: rising debt, the struggle to keep its currency stable, aging demographics, and the challenges of changing from a low-income economy to a complex middle-income one. Will Xi Jinping be open to reform? What could be the effects of lingering U.S.-China trade tensions?