Will China's World-Beating Stock Rally Continue? | Bloomberg: The China Show 10/7/2024

“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, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:02 - Bloomberg: The China Show opens
00:03:46 - What to watch in China today
00:06:39 - Asia stocks rally as jobs report boosts sentiment
00:10:24 - Federated Hermes' Jonathan Pines on being overweight on China
00:19:36 - Hon Hai rises after sales beat estimate on strong AI demand
00:25:51 - What to watch from China's NDRC briefing on Tuesday
00:27:17 - China stock skepticism grows despite world-beating run
00:36:27 - EU tests mettle to take on China with new EV tariff fight
00:47:48 - What's moving Asian markets today
00:55:16 - China Decoded: Hong Kong's retail sales slump in August
00:58:14 - China Decoded: Lan Kwai Fong Group Chairman Allan Zeman on Hong Kong's economy and night life
01:12:03 - Citigroup Global Markets' Johanna Chua on China's economy, Fed policy outlook
01:23:15 - Israel ramps up in Gaza and Lebanon a year since Hamas attack
01:26:54 - Trending in China: Excitement ahead of China's market reopen
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[huas]

Hasn’t it been reported throughout the year that China’s economy has collapsed? How is this possible?

[VinceCH]

We underestimate China, whenever China encounters some difficulty, then Western countries will claim China gonna collapse, but they actually became better afterwards.

[SSYlist]

I'd only go to where it's trustworthy enough... At this point, it's not the US SADLY

[flora-yk]

<<<Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Mary, and her helpful guides.>>>

[linwang]

Compare china stock.it's cheap.But actually it's not cheap, which mean global stock is full of bubbles.

[mindpuzzle]

Well you have to ask yourself "how does this current round of stimulus change the direction of the Chinese economy"? Realistically it doesn't appear to address the fundamental imbalances within the Chinese economy.

From a fundamental level the reasoning behind this monetary policy directive is to support the housing market but the reality is that the housing market is over supplied anywhere between 150 million and 500 million units. Units that were built with household retirement funds but in the absence of actual people willing to buy these excess units it won't change anything in the downward trajectory of housing prices.

So clearly the current round of stimulus won't be effective at least not in the short term and you've got more than just the housing sector that the CCP needs to address.

Fundamentally this current round of stimulus changed nothing as the systemic and structural issues remain. Until the Communists Party commits to addressing those issues investing money into China is base speculation and you don't get hotter money than this.

I suspect we will see a dead cat bounce largely because the structural and systemic reforms needed come with steep opportunity costs and thus far the CCP has shown zero willingness to commit to them largely because it will weaken the CCPs stranglehold on power.

China in my opinion is a dumpster fire and thus current round of stimulus is nothing more than adding fuel to it with a bunch of idiots being impressed by the size of the flames. There is always fools willing to gamble with other people's money.

[Observer]

习近平的反腐运动











挥霍无度与腐败：关键丑闻



1. 安邦保险：

2. 海航集团：

3. 恒大集团：

4. 佳兆业集团：

5. 清华紫光集团：




改革的紧迫性





结论

[hatchegg]

that federated guy pines might as well trade Mars planet market, he knows nothing about china or chinese stocks

[NeidlichesSchwert]

Todays top "snories"?
Relax, enunciate.