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Marketplace All-in-One

China could be on the road to economic recovery

Marketplace All-in-One

Marketplace

Business, News

4.51.4K Ratings

🗓️ 1 April 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

From the BBC World Service: China may be showing signs of an economic recovery, with factory output slightly up for the first time in six months — an indicator that the country’s pandemic-induced slowdown may be starting to ease. Plus, in Germany, people can smoke cannabis in public starting today. Then, Turkey’s main opposition party has claimed big election victories in major cities; high inflation and general economic weakness may partially be behind the wins.

Transcript

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0:00.0

Is the Chinese economy stirring from its post-Covid slumber?

0:05.0

Some data out this morning suggests maybe.

0:08.0

That's going to get us started on the Marketplace Morning Report from the BBC World Service.

0:12.0

Will Bain with you again today, great to have your company as we kick off another week

0:15.6

here on the Marketplace Morning Report.

0:17.1

Yeah, positive economic data in China.

0:19.4

Not something we've said for a little while, is it?

0:21.8

A little earlier I spoke to the

0:22.8

BBC's Asia Business reporter Nick Marsh and I asked him if the data was

0:26.7

merely interesting or important or both. I'm glad you called it interesting

0:31.6

will because I'm going to give you some factory output data

0:37.2

Laying on us we're all here Easter eggs that are ready for it good good okay I know it's an early

0:42.2

morning program so factory output is up for the

0:45.8

first time in six months and China being their sort of manufacturing powerhouse

0:50.5

that it is you use things like factory output factory data as an

0:54.1

indicator of the country's health and the fact that it's up for the first time in six

0:57.4

months is good news because if you've been following what's been happening in

1:00.6

China for the past year or so the country is going through a really tough time economically.

1:04.3

You know, growth has been very low, youth unemployment is actually very high.

1:07.9

You've got this really bad property crisis going on there as well, which is having all kinds of bad knock-on effects for

1:14.1

ordinary people in China so when you get these you know the data coming out that

1:19.2

shows that there is a small amount of recovery going on, but the problems do still run deep.

...

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