China's Transition and the Outlook for Asia

Goldman Sachs Exchanges

Goldman Sachs

Business

4.4 • 1K Ratings

🗓️ 20 October 2015

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Timothy Moe, co-head of Macro Research in Asia for Goldman Sachs, explains why China's markets could be poised for a rebound and what China's transition to a consumer-driven economy means for markets across Asia. This podcast was recorded on October 14, 2015. All price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast does not constitute research or a recommendation from any Goldman Sachs entity to the listener. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2015 Goldman Sachs. All rights reserved.

Transcript

Click on a timestamp to play from that location

0:00.0	This is exchanges at Goldman Sachs where people from our firm share their insights on developments
0:13.6	currently shaping markets industries in the global economy.
0:16.6	I'm Jake Stewart, global head of corporate communications here at the firm.
0:20.3	The world is watching China closely right now.
0:23.0	The efforts to transition to a more consumer-led economic model
0:27.0	have profound implications for commodity exporters, its fellow emerging markets,
0:31.0	and the United States, and we're already seeing an impact on each one of those fronts.
0:34.8	I'm joined today by Tim Mo, Goldman Sachs, co-head of macro research in Asia,
0:39.2	who's here to discuss China's current state and where it could be headed. Tim, welcome to the program.
0:43.9	Well, thanks so much for having me.
0:45.6	Tim, let's start with China.
0:46.5	The gross story over the last 25 years
0:48.5	has been nothing short of remarkable.
0:50.4	But this year's been a tough one.
0:51.6	It's been an anxious one. We've seen multiple currency devaluations in a plunging stock market after a big run-up.
0:58.0	That slowdown comes within a challenging third quarter for the region as a whole,
1:02.0	with the Asia Pacific ex-Japan Regional Index
1:04.6	falling nearly 20% in the third quarter.
1:07.4	Tim, where do you see China's markets headed for the rest of this year, given that backdrop?
1:12.4	In a word, we think we can see a rally in the fourth quarter.
1:15.0	The logic for this carries from the essence of your question,
1:20.0	which is that we saw markets in general and China specifically come down
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Goldman Sachs, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Goldman Sachs and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.