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Viewsroom

Viewsroom: Communist birthday, Little guys in IPOs

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 1 July 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

China’s Communist Party turns 100. The institution has never been so popular at home or resented abroad. Its leaders are experts at the nuances of control and long on ambition, Pete Sweeney says. Plus, Wall Street enlists individual investors to help price initial stock deals. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.2

The economist know which way is up.

0:20.6

The views expressed on this podcast are those of the participants, not of Rogers

0:26.1

News. China's Communist Party turns 100 this week, plus Wall Street enlists individual investors

0:33.8

to help price initial stock offerings. Stay tuned for this week's edition of the Viewsroom.

0:45.0

Welcome to the Viewsroom. I'm Rob Cox, the editor of Breaking Views, the financial commentary

0:49.1

wing of Reuters News, coming to you from Europe. Century ago this week, the Chinese Communist Party was founded

0:54.9

in Shanghai's French concession. Now, the institution which brought the world's such revolutionaries

1:00.1

as Mao Zedong and Deng Xiaoping has never been so popular at home or so resented abroad.

1:06.3

Its leaders are experts at the nuances of control and long on ambition.

1:11.6

Under current President Xi Jinping, the CCP has strode boldly on the world stage.

1:15.6

It has founded multilateral lending institutions, pushed the Yuan into the IMF's currency basket,

1:21.6

and poured money into overseas infrastructure under the Belt and Road Initiative.

1:25.6

Back home, it's eliminated absolute poverty

1:28.5

by its own measures, and it promises to be carbon neutral by 2060. But as our Hong Kong columnist

1:33.9

Pete Sweeney tells Peter Thao Larson this week, the party is dangerously running short on new

1:38.9

ideas. After that, I speak to Lauren Silva Loughlin in New York. She wrote a piece this week

...

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