How China plans to revive its economy with a ‘policy bazooka’

Subscribe to our YouTube channel for free here:

China’s President Xi Jinping has issued a rallying call to help the private sector and mobilise officials around the nation to prioritise reviving the economy. In an unexpected Politburo meeting on September 26, 2024, top Beijing officials also vowed to help tide over enterprises facing hardships. They encouraged local officials to be bold with moves to boost the economy without worrying about the consequences of making mistakes.

Support us:

Follow us on:

#scmp #China #Chinaeconomy

[roclcly]

The amount of CIA bots without a profile pic in this comment section is astounding

[SKB]

China doesn't want to fall in Middle Income Trap which is why she is currently taking painful economic reforms. Result of this will be seen in upcoming decades if it works or not.

[jjian]

Why do we have such a dumb names , bazooka, hard landing.

[Stuart.G-UK]

Another example of this channel providing a fantastically insightful view on policy implementation and actualisation. It cannot be underrated for it's provision of an honest, internal view on concepts the West so struggles to digest and interpret. Please continue with the direct style and clever choice of interviewees.

[ShitSkinsIndian]

According to a report by BusinessKorea, Apple's manufacturing partner Foxconn has hired 50, 000 new workers at its Zhengzhou factory in China to fulfill the shipment of 90 million iPhone 16 units. Foxconn also increased the hourly wage of up to 25 Yuan in late July to ramp up iPhone 16 production.12 Aug 2024 ???? How can this be true saar? Oh wait... What about India saar?

[Jalee]

As the old saying goes "不求有功，只求无过‘’

[Sjalabais]

Going back to this policy also means that caution gets thrown overboard. Cleaning out the property sector was long overdue and necessary. Now they're setting the country up for new, similar mistakes?

[albertteng]

Govt cannot convince investors to return unless govt focus on the economy and not security. Investors got burned badly, you think they will return easily? Besides people have no money to spend, how can you entice foreign investors to set up shop or local business to expand.

[timothyshiu]

unfinished housing can be left unfinished, can’t it?

[johney]

WHAT if you put anti china stuff in this room?

[Terrakinetic]

People remember the "come set up your company in China" policy and then the subsequent, "watch us steal all your business models, technology, and assets policy, " that launched BAIDU, Alibaba, etc.

[ShitSkinsIndian]

The purchasing power of Indiarrhea versus China.
# of Apple Stores in China = 57
# of Apple Stores in India = 2🤏
This is real purchasing power.
No business owner would build more if it is unprofitable.

[chenghonggoh]

This reminds me of the period during the Hundred Flowers Campaign, also termed the Hundred Flowers Movement (Chinese: 百花齐放) and the Double Hundred Movement (双百方针) from 1956 to 1957 during which the Chinese Communist Party (CCP), led by Mao Zedong, proposed to "let one hundred flowers bloom in social science and arts and let one hundred points of view be expressed in the field of science." It was a campaign that allowed citizens to offer criticism and advice to the government and the party. Mao had realized that the CCP's control over intellectual life was stifling potentially useful new ideas. Subsequently, the party cracked down on those intellectuals who took heart and offered their heartfelt ideas and criticism when the criticism became overwhelming for the party.

[chenghonggoh]

The emperor made a mistake with the economy and is asking the officials to offer their ideas without fear of reprisal? Smart officials will not act smarter than the boss. 😂

[PuizLife]

The private sector and FDI is not willing to invest due to uncertainty of government policy and laws there is no true separation of state powers. Local government can change course suddenly and declare one day you industry is illegal or not growing not the way they like.

[Shaddyboy]

the way they handled Hong kong and thinking investments would flow to Shanghai instead, oh boy were they

[sergeydimitrov]

I am a bit lost with these 3 exemptions, what are the usual consequences that officials can face, can someone give an example?

[aarcoh]

WOW! WHAT A TREMENDOUS VICTORY FOR XI JINPING. XI JINPING'S STRENGTH AND WISDOM ARE UNRIVALED IN HUMAN HISTORY

[whitemoon]

The three exemptions are key to take out “NO ZUO NO DIE” this will bring back animal spirits.

[mateobaysa]

Unk Xi runs the ship calm, collected, and calculated. 💪 🇨🇳