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Economist Podcasts

The Intelligence: Down and out in “iPhone City”

Economist Podcasts

The Economist

News & Politics, News

4.35K Ratings

🗓️ 31 January 2019

⏱️ 18 minutes

🧾️ Download transcript

Summary

As trade talks with China continue in Washington, our correspondent takes a trip to China’s “iPhone City” to see how the country’s slowdown is affecting workers. In El Salvador, a social-media darling leads the polls ahead of Sunday’s presidential election—but his policy plans remain unclear. And, a big diamond up for auction in Angola today is a crystal-clear sign of change for the country.

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Transcript

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0:00.0

Hello and welcome to The Intelligence on Economist Radio.

0:07.8

I'm your host, Jason Palmer.

0:16.9

There's a presidential election in El Salvador on Sunday.

0:20.3

Leading the polls is the capital's former mayor,

0:22.7

a young candidate with serious social media savvy.

0:25.7

He might just be the country's first millennial president,

0:28.5

but his policy plans aren't so clear.

0:31.6

And there's quite a big diamond up for auction in Angola today.

0:35.4

It's not the country's biggest ever, but it is a massive sign of change.

0:45.2

First up, in the midst of a trade war between the world's two largest economies, peace talks.

0:53.4

Representatives from the U.S. and China are meeting in Washington this week after a year

0:57.5

of escalating tensions.

0:59.5

America has imposed tariffs on $250 billion worth of Chinese goods, alongside rhetoric about trade

1:05.9

surpluses and intellectual property theft.

1:07.9

It is the largest deficit of any country in the history of our world.

1:15.4

It's out of control.

1:17.0

The Chinese government has responded with tariffs of its own.

1:20.5

The American side of this week's talks is led by Robert Lightheiser, the U.S. trade representative.

1:26.0

He'll be sitting down with Liu He, China's

1:28.2

vice premier, who is also expected to meet with Mr. Trump today. The clock is ticking. If no

1:33.7

agreement is reached by March 1st, the Trump administration has promised to ratchet up most of those

1:38.3

new tariffs from 10% to 25%. The discussions have been complicated by charges brought this week by American officials over

...

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