#ScalaReport: The rapid and chaotic #PRC decline. Chris Riegel, CEO Scala.com. #Stratacache.
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 18 August 2023
⏱️ 11 minutes
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Summary
@Batchelorshow
#ScalaReport: The rapid and chaotic #PRC decline. Chris Riegel, CEO Scala.com. #Stratacache.
https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/
Transcript
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| 0:00.0 | This is CBSI in the world. |
| 0:07.0 | I'm John Batch, the scholar report with CEO Chris Regal of scholar.com, a global technology |
| 0:12.9 | firm, transforming the retail space with digital signage globally. |
| 0:17.3 | We begin as we have for many months now in China. |
| 0:21.4 | The recovery from the pandemic is incomplete but global. |
| 0:25.8 | The recovery in China is questionable at the same time. |
| 0:29.3 | The Chinese economy is now uniformly understood to be deeply troubled, financial times, |
| 0:35.0 | London reporting, global investors dump Chinese securities as state support hopes fade. |
| 0:43.7 | Subhead reversal flows reflects crumbling confidence in promises made by party leaders. |
| 0:51.0 | Subhead, U.S. investors face uncertain future in China after tech ban that has to do |
| 0:56.2 | with the politics in Washington. |
| 0:58.2 | Wall Street Journal, China's slashes rates suspends youth jobless data as economy signals |
| 1:04.7 | sharper downturn. |
| 1:06.7 | The twin moves come as fresh data added to worrying signals on the health of the world's |
| 1:11.4 | second largest economy. |
| 1:13.4 | Chris, a very good evening to you. |
| 1:15.4 | Thank you. |
| 1:16.4 | Park City and your very careful anecdotes of many months now indicate that China is |
| 1:23.0 | in a downturn, aka a great recession. |
| 1:27.1 | Although the Chinese Communist Party won't use that word, it's recognizable. |
| 1:31.9 | High unemployment, deflation at the same time foreign direct investment has been pulling |
| 1:37.9 | back for some time. |
... |
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