Trumponomics

How China Is Winning the War With Iran

Beijing gets to be the global “adult in the room” while studying the military readiness and weaknesses of its chief rival.

Chinese President Xi Jinping 

Photographer: Kyodo News/Kyodo News Stills

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On this episode of Trumponomics, host Stephanie Flanders examines how the US-Israel war with Iran has presented China with two golden opportunities. The conflict provides Beijing with a chance to both widen its global diplomatic sway as the “adult in the room” and study the military tactics of its chief rival in real-time. Flanders is joined by Bloomberg’s Fran Wang, who has spent almost two decades in China covering fiscal policy and economic planning, and Adam Farrar, Bloomberg Economics’ senior geoeconomics analyst for Asia-Pacific and a former adviser to US Vice President Kamala Harris, to unpack the geopolitical and economic implications of the crisis.