China Politburo Vows Consumer Spending Boost | Bloomberg: The China Show 7/31/2024

“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.

00:00:00 Bloomberg: The China Show opens
00:04:15 What to watch in China today
00:04:59 Markets await Bank of Japan rate decision
00:06:21 China vows to focus on consumption with growth target at risk
00:08:30 Microsoft’s Azure growth slows, testing investors’ patience
00:14:02 Exclusive interview with Hang Lung Properties Chair Adriel Chan
00:26:26 Breaking: China factory activity shrinks for third month in hit to growth
00:27:09 BofA Global Research's Helen Qiao on China's latest factory data
00:36:54 Alert: Australia’s cooler core inflation opens door to rate cut
00:39:45 Barclays' Naohiko Baba on BOJ policy outlook
00:50:00 Yen holds big monthly gain, Japanese yields rise before BOJ decision
00:53:54 What we're watching in markets today
01:00:10 Kamala Harris wipes out Trump’s swing-state lead in election dead heat
01:06:23 Microsoft’s Azure growth slows; Intel to cut thousands of jobs to reduce costs
01:08:08 Samsung profit surge fuels plan to boost high-end memory output
01:13:58 SPARX Asset Management's Masakazu Takeda on Japanese funds ahead of BOJ decision
01:27:27 Global brands flag impact of China's economic slowdown
01:29:02 China Brief: Xi Jinping calls for efforts to reach growth target; Xi congratulates Venezuela's Maduro
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[sixsanchezNatchyawn]

Thank-you, , busy braiding a whip here but happy to see you guys .

[Cronellishways]

Definitely knew that the manufacturing sector was going to coming into play in this 3rd quarter.

[AndyMitch-eciy]

It’s been 5 long years China….. Maybe it’s time just to admit the honeymoon is over ? Hoping is a nasty drug.

[ArabicReja]

Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- 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?

[AhmetTekin]

Dreaming is a good thing. But China 🇨🇳 often did exactly the opposite of what it said. LOL