Here's What Happens When a Chinese Firm Buys a Closed GM Plant

President Donald Trump spent plenty of time on the campaign trail accusing China of stealing American jobs by taking away factories and using unfair trade practices. But China is actually giving a lifeline in one hard-hit part of the Rust Belt. That makes things between the two nations more complicated than Trump might want to admit as he meets with Chinese President Xi Jinping for the first time. Michael Davis, economic development director for Moraine, Ohio, and Case Western Reserve University professor Susan Helper explain the story to Scott Lanman and guest host Andrew Mayeda.

Om Podcasten

Will Covid-19 reshape the global economy or simply shrink it? What are nations doing to protect jobs and businesses from the fallout, and what will the long-term consequences be for labor markets, global supply chains and government finances? On Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders—the former BBC economics editor and chief market strategist for Europe at JPMorgan Asset Management—we combine reports from Bloomberg journalists around the world and conversations with internationally respected experts on these and other issues to bring the global economy to life.