A food safety factory shutdown has Americans hunting for baby formula. Readying themselves for a covid-19 lockdown, Chinese in Beijing emptied store shelves. Emerging from lockdown, some in Shanghai are visiting well-provisioned markets. U.S.-China agricultural trade is booming, but many are still being left hungry. Food security, sustainability and safety remain issues.
Video: Zhang Xiaojing and Victor Shih discuss the resources and debts of the Chinese government
Shih and Zhang discuss the large government debts that have accumulated in China, especially at the local level and the resources available to the government to meet its obligations and to foster continued economic expansion.
Tensions evident in the recent European Union-China virtual summit reflect the increasing skepticism in Europe toward China and the worries over Ukraine and economic ties as well as human rights and environmental issues.