Economists Upgrade China Growth Forecast | Bloomberg: The China Show 5/29/2024

“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

00:00:00 - Bloomberg: The China Show opens
00:03:47 - Chinese mega cities ease home-buying rules
00:05:06 - Bloomberg survey: China property rescue to deliver modest GDP boost
00:07:25 - Structural headwinds remain in China, says Fidelity International Multi Asset Portfolio Manager Ian Samson
00:25:10 - Breaking: Australia April CPI rises 3.6% y/y; est. +3.4%
00:26:24 - Bloomberg Economics: PBOC can provide more funds for home-buying plan
00:27:54 - Breaking: Yuan weakens to lowest since November
00:34:58 - Taiwan lawmakers pass bill to curb president's powers
00:37:37 - Hong Kong makes first arrests under new local security law
00:48:00 - Asia stocks retreat as bond sell-off spreads
00:57:13 - Exclusive interview with DBS Head of North Asia Sebastian Paredes
01:11:38 - Exclusive: IMF First Deputy MD Gita Gopinath on raising China growth forecast
01:19:01 - Israel’s invasion of Rafah reaches center of town, army says
01:23:05 - Big Take: World's biggest nuclear plant idled as Japan's energy needs soar
01:28:10 - The China Brief: Xi makes jobs creation a priority
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[Djeke]

00:00:02 Market Update in China
00:02:28 Chinese Economy Update
00:06:27 Market Insights on Chinese Equities
00:11:13 Fed Outlook & Dollar Strength
00:15:56 Portfolio Management Insights
00:20:45 Market Update Highlights
00:25:09 Updates on Australian inflation and ASX 200
00:28:44 Chinese Housing Market Overview
00:32:21 Central Bank and Government News
00:36:02 Taiwan's Bill Review & Hong Kong Security Law Arrests
00:40:39 Israel, Saudi Arabia, Trump Trial, China Shows, Apple Sales
00:44:28 Market Update on Benchmarks and Yields
00:49:17 Yuan depreciation in China?
00:54:06 Economic Updates and Banking Insights
00:58:44 Bank's Strategy and Performance Overview
01:01:39 Hong Kong's Economy Overview
01:03:22 Financial Growth and Expansion
01:08:17 Market Insights
01:12:11 China's Economic Recovery and Risks
01:16:00 Assessing the impact of cheap Chinese goods on the global economy
01:20:36 Update on Strike in Rafah
01:22:53 Energy Strategy in Japan
01:27:20 Market Updates and Economic News

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[DanH-uf]

These economists must work for China's govt. China's economic numbers are always inflated.

[TheFlagUnit]

The Taiwan bill is about transparency. How would that interfere with Democracy??

[AhmetTekin]

Seriously, to gain some confidence back from investors, the Chinese government needs to *stop its lies.*

[lastChang]

In 2023, real China's 🇨🇳 economy shrank -3.5% as opposed to 5.2% expansion as officially announced.
- So this year, they will just publish a 5% growth regardless of their economy.

[ArabicReja]

Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment is falling over 90% compared to 2018.
- Foreign visitors are down 96% compared to 2019.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?