PREVIEW: #PRC: Excerpt from a conversation with colleague Chris Riegel of Scala.com re the incomplete and unreliable economic news in China, asking is there a remedy for the deep recession? More later.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 7 March 2024
⏱️ 1 minutes
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Summary
1908 Beijing
Transcript
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| 0:00.0 | This is John Bachelor, conversation with my colleague Chris Regal of scholar.com |
| 0:05.1 | who has business on all the major continents about China's troubles. |
| 0:10.0 | The non-transperancy of China's troubles include the fact that they're no longer telling us |
| 0:16.3 | in detail about the sinking prospects for 2024. |
| 0:22.4 | The Premier who usually briefs after the meeting in the Great Hall of China |
| 0:27.0 | chose Great Hall of the People, chose not to brief and won't brief again until 2027. |
| 0:33.0 | So I ask Chris, is there any bright spot, anywhere for China, given these numbers? |
| 0:39.0 | The real estate crisis, the failing buildings, the inability to pay personnel at all the municipalities, |
| 0:47.0 | the stock market plunging. There are many more negatives here, but what we have is a grim picture a deep recession is |
| 0:55.9 | Chris the I think the only good news for China might be if U.S. and Western interest rates subside a bit. |
| 1:06.0 | It may give more breathing room for the consumer and try to get the factory floors running again in China, |
| 1:11.5 | but that's a six month off position so at the |
| 1:15.4 | moment nothing but storm clouds. More of this later. |
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