Bloomberg Daybreak: Asia Edition
China's Chip Tariff Woes, Examining Apple's Supply Chain
Sep 3, 2024
Geoffrey Lunt, Head of Asia Investment Specialists at HSBC, Steven Tseng, Senior Tech Analyst at Bloomberg, and Peter Mcguire, CEO at XM Australia, dive into China’s economic hurdles, spotlighting the manufacturing sector and the impact of recent tariffs. They discuss the resilience of Chinese firms amid geopolitical tensions and the implications for Apple's iPhone 16 launch on Asian suppliers. The experts also analyze Apple’s supply chain strategy and the competitive tech landscape, along with currency volatility in relation to Asian markets.
21:32
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Quick takeaways
- China's economic challenges necessitate stimulus measures, especially to address the deepening crisis in the residential real estate market.
- Despite increased American tariffs, certain Chinese sectors like electric vehicles show innovation and competitiveness, presenting selective investment opportunities.
Deep dives
Investment Landscape in China
The Chinese economy is currently facing significant challenges, particularly highlighted by recent PMI data indicating a contraction in manufacturing for several consecutive months. There are concerns regarding whether the government will meet its 5% growth target, and analysts suggest that further stimulus measures are likely needed to support the economy. The housing market is identified as a key issue, as the slump in residential real estate continues to deepen, affecting overall economic sentiment. Experts stress that addressing the real estate market is crucial for stabilizing the economy and re-establishing confidence among investors.
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