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Every week, hosts Dan Moss and Scott Lanman bring you a jargon-free dive into the stories that drive the global economy.
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.
SoundCloud: Here's What Happens When a Chinese Firm Buys a Closed GM Plant by Bloomberg
To contact the author of this story: Scott Lanman in Washington at slanman@bloomberg.net.
To contact the editor responsible for this story: Sara Patterson at spatterson33@bloomberg.net.
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