The President's Daily Brief PDB Situation Report | April 26th, 2025: Inside China’s Struggling Economy & Kashmir Attack Sparks Crisis Between Nuclear Rivals
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Apr 26, 2025 Christopher Balding, a former professor of economics at Peking University, and Siddhant Kishore, a security researcher at the Institute for the Study of War, dive into critical global tensions. Balding analyzes the ongoing U.S.-China tariff war, shedding light on the complexities of China's economy and trade strategies. Kishore discusses the recent terror attack in Kashmir, emphasizing its potential to escalate conflict between India and Pakistan. Their insights reveal the intricate balance of international diplomacy during these fraught times.
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Unreliable Chinese Data
- Chinese economic data is largely fabricated and regularly revised, making it unreliable.
- Most economic reporting is done outside China with limited local insight, skewing accuracy.
Due Diligence Illegal in China
- China has made it practically illegal to conduct due diligence on businesses there.
- This impedes transparency vital for Western companies and increases investment risks.
China's Vision of Global Primacy
- China views itself as the central global power returning to primacy, not just as a rising power.
- Initiatives like "Made in China 2025" aim to reduce reliance on foreign tech ahead of potential Taiwan moves.