The Intelligence from The Economist The Intelligence: Faith-based reeling
Feb 20, 2024
Bill Ridgers, Asia digital editor for The Economist, explores the unsettling decline of faith in China's once-thriving market, unraveling the complexities that lead foreign investors to look elsewhere. The conversation shifts to slam poetry's rise in Francophone Africa, empowering voices and challenging societal norms. Ridgers also dives into the diminishing phenomenon of multi-talented athletes, pondering how modern sports specialization has shifted the landscape, with figures like Deion Sanders showcasing the challenge of excelling in multiple disciplines.
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China's Market Downturn
- Chinese markets experienced a significant downturn, losing $1.5 trillion in January alone.
- This contrasts sharply with the American S&P 500, which hit record highs.
Loss of Investor Confidence in China
- The decline in Chinese markets stems from Xi Jinping's increasing control and mistrust of markets.
- Foreign investors are losing confidence and seeking alternatives like India and Japan.
Slam Poetry as an Outlet
- Epiphany Nodjukua Johnrang, a slam poet in Chad, uses vulgar language to discuss women's abuse.
- She aims to break taboos and express realities faced by women in Chad.