Associate Director
Charlie Vest is an Associate Director on Rhodium Group’s corporate advisory team, managing client advisory and work on US economic policy on China.
ChinaCharlie holds a Master’s degree in Chinese Economic and Political Affairs from UC San Diego and a Bachelor’s degree in International Affairs from Colorado State University. Prior to joining Rhodium, he worked in Beijing as Research Manager for the China Energy Storage Alliance, a clean energy trade association.
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In deploying a fresh wave of duties on a short list of strategic products, the Biden administration is highlighting the China dependencies that it wants to break while also inadvertently providing China with a target list for retaliation.
Report
Although China is developing capacities that are making its economy more resilient to Western sanctions, reciprocal economic statecraft measures would exact a heavy financial toll on the G7, China itself, and the global economy.
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China may see a cyclical recovery to perhaps 3.0-3.5% growth in 2024 as the property sector bottoms out, but structural slowdown will remain the dominant story for years to come.
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The proposed approach targets a smaller set of technology categories, but uncertainties in the regulatory draft language raise questions about its ultimate scope.
