The chapter focuses on the declining trend of the China trade and the concerns surrounding China's economy, including poor performance of Chinese companies in the US, demographic issues, real estate problems, state intervention, and doubts about China's ability to achieve its development goals. It also discusses the New York Fed paper on China's economy, the emergence of China's middle class, and the importance of finding businesses that cater to their needs.
Bloomberg Markets Anchor Alix Steel reports on Chevron agreeing to buy Hess for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels. Ben Harburg, Managing Partner of MSA Capital and Bloomberg News Global Economy Reporter Enda Curran discuss the ins and outs of investing in China. Ed Price, Principal at Ergo, shares his thoughts on the Israel-Hamas war. And we Drive to the Close with Ann Miletti, Head of Active Equity at Allspring Global Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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