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The John Batchelor Show

#PRC: Decline continues unchecked. #SCALAREPORT: Chris Riegel CEO, Scala.com @Stratacache. .

The John Batchelor Show

John Batchelor

Arts, Books, News, Society & Culture

4.52.8K Ratings

🗓️ 3 January 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

#PRC: Decline continues unchecked. #SCALAREPORT: Chris Riegel CEO, Scala.com @Stratacache. .

1930 Shanghai


Transcript

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0:00.0

This is CBSI on the world. I'm John Batchel. Chris Regals, the CEO of Scullad.com, a global technology firm with business on all the major continents, transforming the retail space with digital signage and other pieces of the digital universe. We are addressing right now China.

0:23.7

That China and technology are hand in hand because it is the state and intention of the

0:29.2

Chinese Communist Party represented by Xi Jinping, the president of the country, though

0:36.5

he's never had anyone vote for him, to my knowledge, that the way of the country, though he's never had anyone vote for him, to my knowledge,

0:40.4

that the way for China to go forward is to recapture manufacturing, especially at the high end.

0:47.7

Electric vehicles, artificial intelligence, quantum computing, space sciences, the high end,

0:57.4

so that the world will come knocking on China's door one more time as it did in the early 21st century.

1:04.8

Chris, a very good evening to you.

1:06.8

You have business in China.

1:08.2

You have business on all the major continents.

1:10.7

And it would appear to state, as we begin 25,

1:15.3

the Chinese Communist Party's idea of extracting its economy from a hole

1:21.1

that looks a whole lot like a very severe recession

1:23.9

is to do what they did in the past,

1:27.3

to dig the hole deeper and manufacturing,

1:30.2

to count on the world coming to China's markets because there's no one else where else to go.

1:36.3

Is that roughly the scheme out of Beijing?

1:39.7

We're going to do again what we did in the past, despite the fact that the results have been disappointing.

1:46.2

Good evening to you, Chris. Good evening, John. I believe in China, Mr. Xi is facing the problem

1:51.2

that while you can create more and more manufacturing capacity and enable more and more ability,

1:58.5

if the demand is not there from the rest of the world for China,

2:02.7

then you're stuck. And Mr. She, I believe, has some very smart economic analysts below him,

...

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