Lex Fridman Podcast13 Aug 2025

#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.
Thank you for listening ❤ Check out our sponsors: https://lexfridman.com/sponsors/ep477-sc
See below for timestamps, transcript, and to give feedback, submit questions, contact Lex, etc.

Transcript:
https://lexfridman.com/keyu-jin-transcript

CONTACT LEX:
Feedback – give feedback to Lex: https://lexfridman.com/survey
AMA – submit questions, videos or call-in: https://lexfridman.com/ama
Hiring – join our team: https://lexfridman.com/hiring
Other – other ways to get in touch: https://lexfridman.com/contact

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

SPONSORS:
To support this podcast, check out our sponsors & get discounts:
Allio Capital: AI-powered investment app that uses global macroeconomic trends.
Go to https://alliocapital.com/
UPLIFT Desk: Standing desks and office ergonomics.
Go to https://upliftdesk.com/lex
Hampton: Community for high-growth founders and CEOs.
Go to https://joinhampton.com/lex
Lindy: No-code AI agent builder.
Go to https://go.lindy.ai/lex
LMNT: Zero-sugar electrolyte drink mix.
Go to https://drinkLMNT.com/lex

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

PODCAST LINKS:
– Podcast Website: https://lexfridman.com/podcast
– Apple Podcasts: https://apple.co/2lwqZIr
– Spotify: https://spoti.fi/2nEwCF8
– RSS: https://lexfridman.com/feed/podcast/
– Podcast Playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4
– Clips Channel: https://www.youtube.com/lexclips

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