#SCALAREPORT: #PRC: no indication of fresh hiring in China to match the Xi rhetoric of a high end manufacturing boom to solve the deep recession. Chris Riegel, CEO, #SCALA˽REPORT:˽Chris˽Riegel˽CEO,˽Scala.com˽@Stratacache..com #STRATCACHE
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 29 March 2024
⏱️ 11 minutes
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Summary
#SCALAREPORT: #PRC: no indication of fresh hiring in China to match the Xi rhetoric of a high end manufacturing boom to solve the deep recession. Chris Riegel, CEO, #SCALA˽REPORT:˽Chris˽Riegel˽CEO,˽Scala.com˽@Stratacache..com #STRATCACHE
https://www.ft.com/content/ae517907-0244-4344-ad0a-1d029c03555b
1930 Shanghai
Transcript
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| 0:00.0 | This is a |
| 0:05.0 | CBS I and the world. I'm John Bachelor. The Scholar Report with CEO Chris Regal of |
| 0:10.6 | Scholar.com, a global technology firm business on all the major |
| 0:14.1 | continents, transforming the retail space with digital signage, we go to |
| 0:18.5 | Eurasia where there are two wars and we go to the China part of Eurasia because there are big |
| 0:24.7 | plans according to the Financial Times for the People's Republic of China led by |
| 0:30.1 | the Chinese Communist Party led by she to dig their way or to blast their way or to |
| 0:35.7 | crawl their way out of the whole of the real estate credit bubble that is now made a |
| 0:41.4 | pall over all of China, driving young people to emigrate an emergency through |
| 0:46.0 | the Darien gap and rocking the grasp that China has on the future, the presumptive that they are the rising power. |
| 0:56.0 | Chris, a very good evening to you. |
| 0:58.0 | The article in the F.T. includes a number of trench and quotes about China's plans. I want to summarize and see if it's |
| 1:05.4 | correct because you have business in China. The idea from she is that they're |
| 1:10.2 | going to use their superior manufacturing technology to win markets in the high end. |
| 1:17.2 | That would be EVs and microchips, etc. |
| 1:21.2 | And that will offset the credit bubble that they can't pay for in real estate. |
| 1:27.0 | In other words, they're going to manufacture their way out of their troubles. |
| 1:31.0 | Does that make sense to you given what you observe in China |
| 1:35.6 | about the unemployment, about the desperation for orders, about the slowdown? |
| 1:39.8 | Good evening to you. Good evening, John. This is a classic case of centralized economy and |
| 1:47.2 | central planning where Mr. She's statement that we're going to |
| 1:50.1 | manufacture our way out of this is great. The challenge there is that the customer has a vote and |
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