China Consumer Inflation Slows, Factory Deflation Persists | Bloomberg: The China Show 12/9/2024

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“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, Annabelle Droulers and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 - Bloomberg: The China Show opens
00:03:06 - Syria's Assad flees to Russia as rebels take Damascus
00:08:21 - What to Watch in China today
00:09:46 - China state media signal potential policy paths
00:11:35 - South Korean Korean police doesn't rule out questioning president over treason
00:15:51 - Mirae Asset's Joohee An on market impact of Korean political crisis
00:25:29 - China consumer inflation slows even after stimulus efforts
00:26:42 - Goldman Sachs' Hui Shan reacts to China inflation print
00:36:24 - RSIS Senior Fellow James Dorsey on Syria's power vacuum
00:50:09 - China consumer inflation slows even after stimulus efforts
00:54:30 - Syria's Assad flees to Russia as rebels take Damascus
01:00:36 - Korean police: President Yoon could be arrested over Martial Law declaration
01:13:00 - China Decoded: Stella International's Andrew Tam and CLSA's Chris Gao discuss impact of Trump's potential tariffs
01:26:59 - Korea's FSS: 'Value-up' program to survive political turmoil
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Talking about falsifying records, 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.

lastChang
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China's has deflation but it is not suffering. Chin'a energy costs are amongst the cheapest and going down because of renewable prices falling, and of cheaper Russian gas and oil, China's drone delivery, HSR and great highways means decreasing logics costs. China has substituted high cost foreign cars with local brands like BYD, NIO, and ditched the LV and Gucci as unnecessary status symbols. Deflation reflects increasing productivity.

joem