Letter from Beijing, with Han Feizi — #72

Han Feizi is the pseudonym of a columnist for Asia Times, who covers the Chinese economy, technology, and US-China competition. The author lives in Beijing, and has an extensive background in finance and investment banking.Han Feizi's articles for Asia Times: https://asiatimes.com/author/han-feizi/ Chapters:00:00 Introduction to the guest: Han Feizi01:39 What it's like in Beijing right now06:38 Modern Conveniences in Beijing12:11 What the economy feels like for ordinary people19:09 China's economic structure: consumption, infrastructure investment, Michael Pettis30:32 Currency Valuation and PPP: real PRC is significantly larger than US economy31:45 US high living standards and manufacturing competitiveness34:13 Globalization and its discontents40:15 Reversing globalization and the myth of American exceptionalism45:58 China's increasingly high quality standards and quality of life58:09 Whither China? Xi JinpingMusic used with permission from Blade Runner Blues Livestream improvisation by State Azure.--Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State University. Previously, he was Senior Vice President for Research and Innovation at MSU and Director of the Institute of Theoretical Science at the University of Oregon. Hsu is a startup founder (SuperFocus, SafeWeb, Genomic Prediction, Othram) and advisor to venture capital and other investment firms. He was educated at Caltech and Berkeley, was a Harvard Junior Fellow, and has held faculty positions at Yale, the University of Oregon, and MSU. Please send any questions or suggestions to [email protected] or Steve on X @hsu_steve. Announcing this for some friends at Mechanize - a startup that builds environments for training and evaluating frontier LLMs. Its customers include the top AI labs, and it has contributed to the breakthrough in coding capabilities of frontier models. Mechanize is hiring! https://mechanize.work/b/hsu Compensation is extremely competitive. For technical roles, $300-500k. They are also seeking smart generalists. For example: Research Engineer, Alignment: Build evals that test for misaligned model behaviors  $500K salary Puzzle Maker: Design interesting and original puzzles that LLMs can’t yet solve  $300K salary Mechanize understands that my readership is highly selected. There is a VERY GOOD CHANCE you will be interviewed if you apply via the link above.