Richard Koo and Zichen Wang on What Just Happened in China

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 17 October 2024

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

In September, Chinese policymakers shocked the markets by unveiling a set of stimulus measures designed to boost the economy and bolster the real estate market. While it's too soon to know whether the announcements will be successful, the stock market took off like a rocket in the wake of the news. Since the initial unveiling, further efforts have been announced with promises of more to come. So how big of a deal is this really? Is this the start of a major turning point in China's economic trajectory? Or is this just business as usual? On this episode, we speak with two guests. First, we discuss the macro situation with Richard Koo, chief economist at the Nomura Research Institute, and the famed theorist of "balance sheet recessions." Then we delve further into China's decision-making apparatus with Zichen Wang, the author of the must-read Pekingology newsletter. Our guests answer why this time may be different, how these measures come about, how they get implemented, and what to watch next in terms of their impact.

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1:00.3	Innovation. Bloomberg Audio Studios.
1:06.0	Podcasts, radio news. Hello and I'm Hello, and welcome to another episode of the Odd Thoughts Podcast.
1:23.6	I'm Tracy Allaway.
1:24.6	And I'm Joe Wiesenthal.
1:26.0	Joe, what is going on in China?
1:28.4	We haven't asked that question for a while.
1:30.3	I mean, how long is it ever?
1:31.8	How long do we ever go without a China episode but
1:34.8	since the last time we ever talked about China which was probably like a month ago or
	...

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