What is driving the US and EU's growing focus on "excess capacity?" Can protectionist policies really rebuild their domestic manufacturing? And how will AI reshape the rules of global commerce over the coming decade?

Host Fan Liuyi speaks with Zhou Mi, a researcher at the Chinese Academy of International Trade and Economic Cooperation, about the key debates shaping global trade today.

(Produced by Fan Liuyi, Di Jingyuan, Zhu Yingqi, Ni Tao and Li Mingzhi; interns Dai Jiawei, Zhou Huiru, Lu Yang and Yan Danna also contributed to the podcast)