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The John Batchelor Show

#ScalaReport: #PRC: The decline in plate glass tells the tale of troubled Beijing. Chris Riegel, Scala.com #Stratacache

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 2 June 2023

⏱️ 11 minutes

🧾️ Download transcript

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@Batchelorshow


#ScalaReport: #PRC: The decline in plate glass tells the tale of troubled Beijing. Chris Riegel, Scala.com #Stratacache
https://www.zerohedge.com/commodities/these-five-niche-commodities-signal-chinas-recovery-faltering


Transcript

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0:00.0

At Honda, we listen to drivers for inspiration, even when they say things we can't play on the radio.

0:05.3

Like when a *** pulls out without indicating or when a *** crosses the road without checking first,

0:10.4

or when a *** doesn't understand how a *** roundabout works.

0:14.4

That's why we developed a collision sensor system, which detects risks and automatically breaks.

0:20.7

And to keep all family road trips, family friendly, it's included as standard with the Honda CRV hybrid.

0:27.7

Honda, the power of dreams.

0:34.0

This is CBS, I'm the world, I'm John Bacheler.

0:37.0

The Scholar Report with CEO Chris Regal, scholar.com and global technology firm transforming the retail space,

0:44.3

we begin with a measure of the people's Republic of China, much troubled in its recovery if it exists.

0:51.4

Because of anecdotes, however, Chris provides me a link to a story that piles up five different metrics

1:01.4

in China to show that the failure to recover is real. It's not just about Xi Jinping making speeches,

1:09.6

threatening Taiwan, or the chips war at the high end, buy my crown or not buy my crown.

1:16.5

It has to do with only things. Home appliance drop, for example.

1:21.6

Starch, paper in China, and also my favorite, which is plate glass.

1:29.4

All of these consumptions are down dramatically according to the charts provided by zero hedge.

1:35.5

Chris, a very good evening to you. I've never come across metrics this

1:40.7

intimate with how the consumer class is doing in China.

1:44.8

Now, for some time, I've been told the fairy tale that China will recover because the consumer will

1:50.3

buy so much of our economy as the consumer and confidence. These charts indicate that that's not

1:57.2

happening. Can we extend the consumer use of plate glass to the rest of the economy? Good evening

2:03.6

to you. Good evening, John. Yes, so one of the challenges with China always is that the government

2:09.4

will post economic numbers that no one outside of China believes. So you're always trying to find

...

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