China Vows Consumption Boost; Asian Stocks Drop | Bloomberg: The Asia Trade 12/13/24

"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Seoul and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:15 - Bloomberg: The Asia Trade begins
00:00:56 - Breaking: Peru Central Bank leaves rates unchanged
00:02:17 - China vows bigger fiscal spending to boost consumption next year
00:10:23 - South Korea’s opposition files second motion to impeach Yoon
00:15:12 - Asian stocks to fall ahead of next week’s Fed meet
00:19:51 - DigiCo REIT to debut in Australia’s biggest IPO since 2018
00:23:36 - Goldman Sach's Kostin on investment strategy for 2025
00:27:30 - University of Sydney Senior Lecturer Su-Kyong Hwang on South Korean politics
00:37:14 - Human eggs are a premium commodity for a global market
00:41:35 - Breaking: Japan December large manufacturer Tankan rises
00:46:45 - Japan, South Korea markets open
00:49:42 - China vows bigger fiscal spending to boost consumption next year
00:54:11 - Grow Investments Partner and Chief Economist Hao Hong on market strategy
01:04:05 - South Korea’s opposition files second motion to impeach Yoon
01:11:41 - Independent Economist Andy Xie on China's economy
01:19:40 - China 10-year yield falls, as CEWC stokes easing bets
01:23:07 - Human eggs are a premium commodity for a global market
01:30:33 - DigiCo REIT to debut in Australia’s biggest IPO since 2018
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[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 2019 pre-pandemic level.
- 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?

[lastChang]

Two 2024 Nobel Prize Economy winners predicted correctly 10 years ago the *inevitable downfall* of the Chinese 🇨🇳 economy in a book titled "Why Nations Fail."
- The downfall is attributed to its *political system, * not its leadership.

[panoptijohn]

Shery's English is stilted and makes for an excruciating listen.

[hatchegg]

can we get new anchors? this is like dumb and dumber