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The John Batchelor Show

#LondonCalling: #PRC: Xi at the fork in the road: private property or state security. @JosephSternberg @WSJOpinion

The John Batchelor Show

John Batchelor

Books, News, Society & Culture, Arts

4.52.8K Ratings

🗓️ 10 January 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary


#LondonCalling: #PRC: Xi at the fork in the road: private property or state security. @JosephSternberg @WSJOpinion
https://www.wsj.com/articles/xi-jinping-faces-an-economic-test-of-will-in-2024-economic-turmoil-d53a5baf

1910 Shanghai

Transcript

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0:00.0

Embracing the icy crisp winter air, warming your hands with the Starbucks,

0:06.7

wrapping up in snugly layers upon layers.

0:09.2

The signs are all there.

0:11.2

You're entering your cozy era.

0:13.0

And there's nothing cozier than the limited edition Starbuckle oat latte.

0:18.0

A new smooth and warming twist on a classic.

0:21.0

Whatever era you're in, find your perfect order in store on Starbucks

0:25.1

delivers and the Starbucks UK app, John Bachelor. The People's Republic of China in a bad patch for economic genius.

0:43.6

The miracle of these last decades is now in question

0:47.2

why COVID-19 is an explanation.

0:50.3

So are decisions made by the Chinese Communist Party over these decades about how to grow quickly,

0:56.7

how to attract foreign investment, how to lead the world in economic values come the middle of this century.

1:04.3

Joseph Sternberg's a member of the editorial board of the Wall Street Journal.

1:08.2

He writes political economics column, he's based in London, he was many years in Hong Kong, observing the People's

1:15.8

Republic of China on its miracle run that ended somewhat unexpectedly with COVID-19 and what is often called an old-fashioned

1:28.3

property bubble.

1:29.3

Joe, a very good evening to you, thank you for this.

1:32.1

Shijinping is presenting his case to the American people and the Europeans and other investor class.

1:39.0

Come back to China. Invest in China. We read routinely now that money, that foreign money, overseas

1:46.6

investment is fleeing China. This has two drivers, if I understand. One is the economies on a downturn and the GDP is disappointing. But two, they

1:56.8

have a property bubble and they have unemployment to a company. In your measure of your column, you asked the question, can China recover?

2:06.4

Does it have the tools to recover?

...

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