Mike interviews Dinny McMahon.
In a recent episode, we delved into the intricate world of China’s economic landscape with author and China expert Dinny McMahon. The conversation focused on McMahon’s enlightening book, “China’s Great Wall of Debt.” This captivating dialogue exposed the unseen realities of China’s economic policies and their far-reaching impact.
The conversation began with a reflection on the unique experiences of homeowners in the USA during 2020, a time marked by a housing market boom. McMahon shared an intriguing perspective, suggesting that a decline in the Chinese property market might have influenced the boom. McMahon drew attention to the increasing trend of Chinese families investing in US properties, seeking both a safe haven for their assets and a hedge against the uncertainties arising from political decisions within China.
One significant revelation from the discussion was the shift in global perception of China’s handling of the COVID-19 pandemic. Drawing from his experience as a journalist, McMahon highlighted the disillusionment within China due to the severe lockdowns in 2022. The conversation pivoted to the diminishing faith in the Chinese government’s policies, prompting a surge in US real estate market investments. Beyond the real estate sector, McMahon emphasized the broader loss of faith in the Chinese government, with citizens seeking refuge in assets outside their home country, given the perceived political risks.
McMahon delved into the complexities of China’s economic challenges, ranging from demographic shifts to the changing role of the property market. With an aging and shrinking population, China is compelled to seek alternatives to drive its economy. McMahon shed light on President Xi Jinping’s vision of pushing the Chinese economy up the value chain through innovation and advanced manufacturing. Investing in AI, aviation, renewable energy, and electric vehicles represents a significant shift in China’s economic strategy.
A noteworthy segment of the discussion revolved around China’s prowess in innovation, particularly in the electric vehicle (EV) sector. McMahon highlighted the substantial investments and advancements in Chinese EVs, which are gaining traction domestically and making their mark on the global stage. This, coupled with China’s control over crucial components like batteries, poses a significant challenge to established players in the industry.
Beyond real estate, we explored potential concerns in the global economic landscape. The conversation touched upon the evolving concept of BRICS and the challenges of creating a common currency among vastly different economies. McMahon offered insights into China’s attempts to internationalize the renminbi and the hurdles faced due to the inherent trust in the US dollar.
The potential challenges the United States may face in the future. McMahon expressed optimism regarding the minimal threat of China’s currency to the US dollar. However, he acknowledged the need for vigilance, especially considering China’s growing dominance in exporting higher value-added goods.
The episode showed an unfiltered and candid exploration of China’s economic reality. The conversation with Dinny McMahon transcended typical economic discussions, offering listeners a nuanced understanding of China’s economic dynamics, political landscape, and potential ramifications for the global economy.
In essence, this episode with Dinny McMahon provided a thought-provoking journey through the intricacies of China’s economic reality, leaving listeners with a heightened awareness of the global economic shifts at play. As the world continues to navigate uncertainties, conversations like these become invaluable in fostering a more informed and connected global community.
Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.
Visit website for more information: https://www.milliondollarbookagency.com/
[{"id":2369,"link":"https:\/\/blog.milliondollarbookagency.com\/paul-falcone-author-of-101-tough-conversations-to-have-with-employees-a-managers-guide-to-addressing-performance-conduct-and-discipline-challenges\/","name":"paul-falcone-author-of-101-tough-conversations-to-have-with-employees-a-managers-guide-to-addressing-performance-conduct-and-discipline-challenges","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/12\/Paul-Falcone.png","alt":""},"title":"Paul Falcone - Author of \"101 Tough Conversations to Have with Employees: A Manager's Guide to Addressing Performance, Conduct, and Discipline Challenges\"","excerpt":"","content":"Mike interviews Paul Falcone. On this episode of Million Dollar Stories, we dove deep into the art of leadership with Paul Falcone, a renowned HR","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Dec 10, 2024","dateGMT":"2024-12-10 15:09:01","modifiedDate":"2024-12-10 15:09:05","modifiedDateGMT":"2024-12-10 15:09:05","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":11},"status":"publish"},{"id":2362,"link":"https:\/\/blog.milliondollarbookagency.com\/julie-winkle-giulioni-co-author-of-help-them-grow-or-watch-them-go-career-conversations-organizations-need-and-employees-still-want\/","name":"julie-winkle-giulioni-co-author-of-help-them-grow-or-watch-them-go-career-conversations-organizations-need-and-employees-still-want","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/12\/Julie-Winkle.png","alt":""},"title":"Julie Winkle Giulioni - Co-Author of \"Help Them Grow or Watch Them Go: Career Conversations Organizations Need and Employees Still Want\"","excerpt":"","content":"Mike interviews Julie Winkle. Leadership. It\u2019s a word we throw around like candy, but how often do we understand what it means? The truth is,","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Dec 5, 2024","dateGMT":"2024-12-05 17:12:14","modifiedDate":"2024-12-05 17:12:18","modifiedDateGMT":"2024-12-05 17:12:18","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":48},"status":"publish"},{"id":2346,"link":"https:\/\/blog.milliondollarbookagency.com\/jessica-pettitt-author-of-almost-doing-good-doing-the-best-that-you-can-with-what-you-have-some-of-the-time\/","name":"jessica-pettitt-author-of-almost-doing-good-doing-the-best-that-you-can-with-what-you-have-some-of-the-time","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Jessica-Pettitt.png","alt":""},"title":"Jessica Pettitt - Author of \"Almost Doing Good: Doing the Best That You Can With What You Have Some of the Time\"","excerpt":"","content":"Mike interviews Jessica Pettitt. On this episode of Million Dollar Stories, Jessica Pettitt, a DEI consultant, speaker, and author of the incredible book\u00a0Almost Doing Good:","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Dec 2, 2024","dateGMT":"2024-12-02 11:04:00","modifiedDate":"2024-11-30 19:11:42","modifiedDateGMT":"2024-11-30 19:11:42","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":51},"status":"publish"},{"id":2342,"link":"https:\/\/blog.milliondollarbookagency.com\/ed-brodow-author-of-negotiation-boot-camp-how-to-resolve-conflict-satisfy-customers-and-make-better-deals\/","name":"ed-brodow-author-of-negotiation-boot-camp-how-to-resolve-conflict-satisfy-customers-and-make-better-deals","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Ed-Brodow.png","alt":""},"title":"Ed Brodow - Author of \"Negotiation Boot Camp: How to Resolve Conflict, Satisfy Customers, and Make Better Deals\"","excerpt":"","content":"Mike interviews Ed Brodow. What separates the winners from the losers in business? It's not just talent or hard work. It's negotiation\u2014the ability to walk","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Dec 2, 2024","dateGMT":"2024-12-02 11:00:00","modifiedDate":"2024-11-30 18:28:28","modifiedDateGMT":"2024-11-30 18:28:28","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":11},"status":"publish"},{"id":2330,"link":"https:\/\/blog.milliondollarbookagency.com\/chris-fenning-author-of-the-first-minute-how-to-start-conversations-that-get-results\/","name":"chris-fenning-author-of-the-first-minute-how-to-start-conversations-that-get-results","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Chris-Fenning.png","alt":""},"title":"Chris Fenning - Author of \"The First Minute: How to Start Conversations That Get Results\"","excerpt":"","content":"Mike interviews Chris Fenning. Most people fumble in the first few moments of communication. Whether it's a sales pitch, a business meeting, or just introducing","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 21, 2024","dateGMT":"2024-11-21 12:44:10","modifiedDate":"2024-11-21 12:44:13","modifiedDateGMT":"2024-11-21 12:44:13","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":43},"status":"publish"},{"id":2310,"link":"https:\/\/blog.milliondollarbookagency.com\/kenneth-cloke-author-of-resolving-conflicts-at-work-ten-strategies-for-everyone-on-the-job\/","name":"kenneth-cloke-author-of-resolving-conflicts-at-work-ten-strategies-for-everyone-on-the-job","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Kenneth-Cloke.png","alt":""},"title":"Kenneth Cloke - Author of \"Resolving Conflicts at Work: Ten Strategies for Everyone on the Job\"","excerpt":"","content":"Mike interviews Kenneth Cloke. In any organization, conflict is inevitable. It\u2019s not the fact that problems come up that matters. It\u2019s how we choose to","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 15, 2024","dateGMT":"2024-11-15 13:18:10","modifiedDate":"2024-11-15 13:18:13","modifiedDateGMT":"2024-11-15 13:18:13","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":33},"status":"publish"},{"id":2299,"link":"https:\/\/blog.milliondollarbookagency.com\/honoree-corder-author-of-your-book-means-business-save-time-make-money-and-dominate-your-industry-with-the-power-of-a-bespoke-book\/","name":"honoree-corder-author-of-your-book-means-business-save-time-make-money-and-dominate-your-industry-with-the-power-of-a-bespoke-book","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/honoree-corder.png","alt":""},"title":"Honor\u00e9e Corder - Author of \"Your Book Means Business: Save Time, Make Money, and Dominate Your Industry with the Power of a Bespoke Book\"","excerpt":"","content":"Mike interviews Honor\u00e9e Corder. When Honor\u00e9e Corder stepped into this latest episode of Million Dollar Stories, sparks flew. You know, there are interviews, and then there","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 13, 2024","dateGMT":"2024-11-13 14:28:54","modifiedDate":"2024-11-13 14:42:04","modifiedDateGMT":"2024-11-13 14:42:04","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":45},"status":"publish"},{"id":2290,"link":"https:\/\/blog.milliondollarbookagency.com\/frank-somma-author-of-b2b-is-really-p2p-how-to-win-with-high-touch-in-a-high-tech-world\/","name":"frank-somma-author-of-b2b-is-really-p2p-how-to-win-with-high-touch-in-a-high-tech-world","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Frank-Somma.png","alt":""},"title":"Frank Somma - Author of \"B2B Is Really P2P: How to Win With High Touch in a High Tech World\"","excerpt":"","content":"Mike interviews Frank Somma. In a world buzzing with tech, automation, and algorithms, there\u2019s one question every business owner, sales professional, and entrepreneur needs to","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 7, 2024","dateGMT":"2024-11-07 20:21:31","modifiedDate":"2024-11-07 20:21:34","modifiedDateGMT":"2024-11-07 20:21:34","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":45},"status":"publish"},{"id":2268,"link":"https:\/\/blog.milliondollarbookagency.com\/agnesia-agrella-author-of-mind-your-own-business-your-money-is-your-business\/","name":"agnesia-agrella-author-of-mind-your-own-business-your-money-is-your-business","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Agnesia-Agrella.png","alt":""},"title":"Agnesia Agrella - Author of \"Mind Your Own Business: Your Money Is Your Business!!!\"","excerpt":"","content":"Mike interviews Agnesia Agrella. In this episode of Million Dollar Stories, We sat down with Agnesia Agrella, a powerful force in the personal finance world","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 12:00:00","modifiedDate":"2024-11-02 15:27:47","modifiedDateGMT":"2024-11-02 15:27:47","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":32},"status":"publish"},{"id":2264,"link":"https:\/\/blog.milliondollarbookagency.com\/andrew-sherman-author-of-mergers-and-acquisitions-from-a-to-z\/","name":"andrew-sherman-author-of-mergers-and-acquisitions-from-a-to-z","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Andrew-Sherman.png","alt":""},"title":"Andrew Sherman - Author of \"Mergers and Acquisitions from A to Z \"","excerpt":"","content":"Mike interviews Andrew Sherman. In this episode of Million Dollar Stories, We had the pleasure of speaking with Andrew Sherman, a seasoned expert in mergers","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 11:30:00","modifiedDate":"2024-11-05 17:12:47","modifiedDateGMT":"2024-11-05 17:12:47","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":28},"status":"publish"},{"id":2261,"link":"https:\/\/blog.milliondollarbookagency.com\/brian-domitrovic-author-of-taxes-have-consequences-an-income-tax-history-of-the-united-states\/","name":"brian-domitrovic-author-of-taxes-have-consequences-an-income-tax-history-of-the-united-states","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Brian-Domitrovic.png","alt":""},"title":"Brian Domitrovic - Author of \"Taxes Have Consequences: An Income Tax History of the United States\"","excerpt":"","content":"Mike interviews Brian Domitrovic. In this episode of Million Dollar Stories, Brian Domitrovic, a distinguished historian and co-author of the eye-opening book Taxes Have Consequences:","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 4, 2024","dateGMT":"2024-11-04 11:25:00","modifiedDate":"2024-11-01 16:26:49","modifiedDateGMT":"2024-11-01 16:26:49","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":25},"status":"publish"},{"id":2257,"link":"https:\/\/blog.milliondollarbookagency.com\/bradley-birkenfeld-author-of-lucifers-banker-uncensored-the-untold-story-of-how-i-destroyed-swiss-bank-secrecy\/","name":"bradley-birkenfeld-author-of-lucifers-banker-uncensored-the-untold-story-of-how-i-destroyed-swiss-bank-secrecy","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/11\/Bradley-Birkenfeld.png","alt":""},"title":"Bradley Birkenfeld - Author of \"Lucifer\u2019s Banker Uncensored: The Untold Story of How I Destroyed Swiss Bank Secrecy\"","excerpt":"","content":"Mike interviews Bradley Birkenfeld. In this episode of\u00a0Million Dollar Stories, We had the privilege of speaking with Bradley Birkenfeld, the whistleblower who took on the","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Nov 1, 2024","dateGMT":"2024-11-01 15:42:47","modifiedDate":"2024-11-01 15:42:50","modifiedDateGMT":"2024-11-01 15:42:50","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":54},"status":"publish"}]