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The John Batchelor Show

#PRC: ##SCALA˽REPORT: Xi romances Europe while he crushes Hong Kong. Chris Riegel, CEO #SCALA˽REPORT:˽Chris˽Riegel˽CEO,˽Scala.com˽@Stratacache

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 10 May 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary


#PRC: ##SCALA˽REPORT: Xi romances Europe while he crushes Hong Kong. Chris Riegel, CEO #SCALA˽REPORT:˽Chris˽Riegel˽CEO,˽Scala.com˽@Stratacache.
https://www.msn.com/en-us/news/world/chinese-president-xis-trip-to-europe-charm-offensive-or-canny-bid-to-divide-the-west/ar-BB1m5uRy

1924 China

Transcript

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0:00.0

This is a CVS I on the world.

0:05.0

Scala Report with Chris Regal, the CEO of Scala.com, a global technology firm with business on all. the because Shijinping, the general secretary and president of the People's Republic of China,

0:26.0

is on a European tour.

0:28.0

Why?

0:29.0

Because direct foreign investment has declined remarkably over these last years.

0:35.0

At the same time, the property bubble has burst and consumer demand is not what it needs to be to offset the property bubble collapse and the foreign

0:46.5

investment.

0:47.5

Chris, a very good evening to you.

0:49.5

The headline in the Financial Times.

0:52.2

China's trade returns to growth on back of AI equipment imports.

0:57.4

What does that mean?

0:58.4

Imports doesn't mean they're manufacturing it, and AI is associated with high-end chips that they're

1:06.2

forbidden or blocked from acquiring. So how to interpret this idea of growth with

1:12.1

AI equipment imports? Good evening to you.

1:15.0

Good evening, John. I would interpret that as straight propaganda with the Chinese trying

1:19.7

to latch on to the greater financial press around AI.

1:25.4

China is in desperate, desperate need

1:28.1

of external capital to restart many

1:31.3

of the areas of the manufacturing economy there that are slow globally.

1:34.8

demand has fallen off.

1:37.2

China is the factory floor for much of the world and that factory floor is running low on orders.

1:43.2

So Mr. She is in Europe, had in hand

...

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