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Money Talks from The Economist

Money Talks: China Inc stays global

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 14 July 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

Can a new generation of Chinese multinational companies learn to adapt and even thrive in a hostile environment at home and abroad? Also, how Europe’s latest green plan aims to plug the leaks in the world’s biggest carbon market. And, why online shopping is about to become a whole lot more chatty. Simon Long hosts


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Transcript

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0:00.0

Chinese companies with global ambitions are under increasing pressure from both critics

0:12.0

abroad and the authorities back home.

0:15.8

Can a new generation of Chinese multinationals survive the onslaught and even prosper?

0:26.0

You're listening to money talks from the economist, our weekly podcast on the markets,

0:30.5

the economy and the world of business.

0:32.7

I'm Simon Long and also coming up on today's show.

0:37.1

Can Europe's latest green plan plug the leaks in the world's biggest carbon market?

0:43.1

Essentially you have this level playing field and you don't get the situation where foreign

0:48.0

producers just out-compete the domestic ones.

0:51.1

And why online shopping is about to become a whole lot more chatty.

0:56.0

I imagine in a future where you basically just say, I'm looking for a toy for a five-year-old

1:02.9

that's into sports that costs $35 and get back one or two perfect recommendations.

1:10.9

But first, we want to continue to do business in China.

1:23.9

We want to help American businesses export to China.

1:27.6

The Biden administration has picked up where Donald Trump's left off in its relationship

1:32.0

with China.

1:33.0

But we also need to protect Americans, American workers, our American national security,

1:39.0

our core proprietary technology, and we will do that.

1:43.5

On Tuesday, it stepped up its warnings about the risks of doing business in the Xinjiang

1:48.0

region after adding 14 more Chinese companies to its economic blacklist for alleged links

1:54.4

to human rights abuses there.

1:57.1

And in the past month, it's banned American investment in Chinese defense and surveillance

...

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