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The John Batchelor Show

#ScalaReport: #Germany Economy sputtering under burden of energy price spikes and China de-risking. Chris Riegel, CEO Scala.com #Stratacache

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 22 September 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary


#ScalaReport: #Germany Economy sputtering under burden of energy price spikes and China de-risking. Chris Riegel, CEO Scala.com #Stratacache
https://www.usnews.com/news/business/articles/2023-09-19/once-a-global-ideal-germanys-economy-struggles-with-an-energy-shock-thats-exposing-longtime-flaws

1920 Berlin

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MrCBSI in the world, I'm John Batch for the Scholar Report with CEO Chris Regal of

0:40.5

Scholar.com, a global technology firm transforming the retail space with digital signage.

0:46.7

Chris has business in all the continents he's travelling in Europe right now, but we begin

0:51.4

with East Asia. The large question unanswered is the Chinese economy stabilising?

0:57.7

Does it continue to sink? We've had no update since the report of deflation.

1:02.8

Nor have we had any reason to believe the property sector isn't in tatters.

1:07.1

It's not just ever granted. It's not something called country garden. There's a domino effect

1:12.3

going on with the credit burden that the Chinese banks and the Chinese citizens bear.

1:19.2

However, what is important here is Chinese manufacturing, Chinese shipping.

1:24.4

The term is de-risking. Is the world continuing to de-risk from China?

1:31.1

Chris, a very good evening to you. We're following this story because

1:35.0

China itself is non-transparent. We've had headlines about major lieutenants of Xi Jinping,

1:42.0

the General Secretary, being purged or evacuated or thrown out of the higher circles of the

1:50.0

Communist Party, the Defence Minister, the Foreign Minister. These are significant members of

1:55.8

a cabinet, but at the same time they are understood to be blessed by Xi as his choices for these roles.

...

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