China Stimulus Hopes Rise | Bloomberg: The China Show 9/23/2024

“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:
00:00:00 - Bloomberg: The China Show opens
00:03:34 - What to watch in China today
00:05:55 - China's budget spending slides, youth unemployment at highest level this year
00:07:56 - What investors are watching this week
00:09:11 - US said to prepare ban on Chinese car parts; Biden tells Quad China "testing us all"
00:13:25 - EU Chamber of Commerce's Jens Eskelund on foreign business sentiment in China
00:23:28 - Breaking: PBOC cuts 14-day reverse repo rate
00:26:12 - China market strategy with Eastspring Investments' Ken Wong
00:34:25 - Exclusive: Rio Tinto Chairman Dominic Barton
00:48:39 - What's moving Asian markets today
00:53:24 - Sri Lanka elects leftist political outsider as president
00:58:19 - How China's influence grows via infrastructure investments in Sri Lanka, other countries
01:11:41 - British advertising mogul Martin Sorrell says China needs bolder stimulus as economy struggles
01:16:43 - Bloomberg Economics on China's budget spending slide, PBOC rate cut
01:21:53 - Exclusive with JPMorgan Head of Investment Banking - India Navin Wadhwani
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[financial_market_participant]

Rio Tinto Chairman commenting on Xiaomi SU7 as very very good product/ car! I love Xiaomi products too and their ecosystem. There are aircon, air purifiers, smartphones, smart watch, bands, tvs, washining machines, Ai speaker, robot vacuum cleaners, cyber dogs, AI glasses, etc etc

[MrKenng]

Let's hope that all economic indicators including consumer confidence, PMI and retail sales will be much worse than expectation. Let's also wish that the global economy will worsen rapidly. Let's hope that the Fed will take a more moderate way of cutting interest rates.

[ArabicReja]

Stimulus = borrow and print more money --> pay more interest --> lower credit rating.

[lastChang]

China 🇨🇳 has been a money-printing machine on overdrive.
During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while its economy is only half of them.
- Current Chinese debt-to-gdp is already *highest in the world, at 300%, * according to Bloomberg.
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.

[yayeltv]

China said to ASEAN, support me, I want a problem.