#ScalaReport: #PRC business plan is a widely reported failure. Chris Riegel, Scala.com #Stratacac
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 21 July 2023
⏱️ 11 minutes
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#ScalaReport: #PRC business plan is a widely reported failure. Chris Riegel, Scala.com #Stratacache
.https://www.bloomberg.com/news/articles/2023-07-20/xi-s-private-sector-propaganda-push-runs-into-wall-of-skepticism?sref=5g4GmFHo
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| 0:00.0 | At TFL, we're making journeys safer for everyone, and that includes improving safety on London's roads. |
| 0:07.4 | That's why we and London boroughs are lowering more speed limits to 20 miles per hour, |
| 0:12.3 | because 20 miles per hour roads have already reduced collisions resulting in deaths or |
| 0:16.8 | serious injuries by 24%. That is how we're making journeys in London safer and brighter for everyone. |
| 0:24.8 | Such TFL improvement plan to the Mayor of London and TFL every journey matters. |
| 0:35.2 | This is CBSI in the world. I'm John Bachelors. The Scholar Report with CEO Chris Regal |
| 0:41.1 | of Scholar.com, a global technology firm, transforming the retail space with digital |
| 0:45.6 | signage. We started in China. Chris is reported for some months that the Chinese business plan |
| 0:52.7 | is troubled, is now routinely on the front page of the Bloomberg news, of the financial |
| 0:58.4 | times news, certainly of the city newspapers in London, New York, and Washington. |
| 1:04.4 | That China is looking for outside investors, is looking for a way to go forward |
| 1:10.0 | with the collapsing property market with the consumer hesitating, and with stories, routine |
| 1:15.4 | stories of tighter and tighter state control on businesses. Chris, a very good evening to |
| 1:21.6 | your measure of the manufacturing, especially in the Pearl River Valley, which is |
| 1:27.1 | the high end electronics, suggests that the credit environment in China is now desperate. |
| 1:34.8 | The unemployment situation is not improving. We know officially it's 20%. |
| 1:40.4 | Is there anything you've heard about a remedy for this to keep the factories lit, to keep |
| 1:46.8 | their workforces in place, to keep orders coming in, or have they reached the end of their tether, |
| 1:54.0 | knowing that another stimulus plan won't work? Good evening to you, Chris. |
| 1:58.2 | Good evening, John. From the domestic manufacturing in China or export, you continue to see |
| 2:06.0 | in the electronics industry, factories going around had in hand begging for orders in the future. |
| 2:12.7 | So they're trying to bring in cash now. They're trying to keep factories open. They're trying to |
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