#PRC: Third Plenum same as the old Third Plenum: no way out. @GordonGChang, Gatestone, Newsweek, The Hill
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 23 July 2024
⏱️ 9 minutes
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Summary
#PRC: Third Plenum same as the old Third Plenum: no way out. @GordonGChang, Gatestone, Newsweek, The Hill
https://www.csis.org/blogs/third-plenum-hot-takes-skepticism-and-concern
1957 Zhou
Transcript
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| 0:00.0 | Ah, she's brilliant. Miss, I finally got plans out the group chat. We get it. Four votes for a festival, |
| 0:05.9 | three for a city break. It's hard to adhere to everyone's needs. There's Betty with her oversized |
| 0:10.2 | tent. Sarah and her six foot eight boyfriend. |
| 0:13.1 | All right. |
| 0:14.0 | Roger Junior and his dog, Roger Senior. |
| 0:16.8 | And don't get us started on Mel. |
| 0:19.4 | But, like a marriage counselor, she's the one keeping things together. |
| 0:22.6 | All aboard Miss I finally got plans out the group chat. Keep everyone's plans alive when you |
| 0:27.1 | travel with us. P, and O'Ferees, there is another way. This is a CBS I and the world. I'm John Bachelor with my colleague and friend Gordon Chang at Gordon G. Chang. |
| 0:41.0 | Looking at the reports of the third plenum. |
| 0:45.0 | This happens only every five years and it's a measure of the economy and what is to be done. |
| 0:50.0 | I come to the headlines in London Financial Times. |
| 0:55.0 | China cuts interest rates in bid to prop up lagging economic growth subhead. |
| 1:01.0 | Reductions come in wake of Communist Party's third plenum, but impact likely to be |
| 1:06.8 | moderate, warned analysts. |
| 1:09.6 | Gordon, the third plenum, it had great ambitions to solve what appears to be a cliff that |
| 1:16.2 | they're either plunging over or about to plunge over. Do interest rates answer the |
| 1:21.3 | third plenem's ambition good evening to you good |
| 1:24.7 | evening John and I think the answer is probably not as much as people expect you |
| 1:30.1 | know in our economy if the Fed lowers interest rates, you know, people will go out and borrow because there's a reason to invest. |
| 1:38.6 | In China right now, there is such gloom and pessimism that even a lowering of interest rates is not going to convince |
| 1:45.8 | companies to go out and invest for a future that looks pretty bleak. |
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