PREVIEW: PRC: China is in a deep recession and looking for remedies. Colleague Chris Riegel comments on the Chinese consumer as a way out of decline. More later.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 3 January 2025
⏱️ 1 minutes
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1890 SHANGHAI
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| 0:00.0 | This is John Batchtrak, conversation with my colleague Chris Regal of Scholar.com about the Chinese economy in a deep recession. What is to be done? The consumer, however, Chris is adamant to say the consumer is not the direction forward. Why? Chris explains. The consumer. The consumer dominates America and Europe. We are the consumer economies. |
| 0:24.2 | China cannot. Why? Chris explains. The way forward is not to count on consumerism. There are other |
| 0:32.2 | remedies, not that one. More of this tonight. Absolutely not. Chinese consumers are profligate savers. |
| 0:40.4 | And with all of the disruptions in the market, they're trying to save an even greater pace because they fear uncertainty. |
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