Bloomberg Daybreak: Asia Edition
Asia Eco Outlook, Biden's US Steel Promise
Apr 18, 2024
Helen Zhu discusses global economy, China policy, and APAC markets. Laura Davison talks about Biden's US steel promise and higher tariffs on Chinese products. Lillian Li joins to talk about Chinese credit market and economic policy.
23:20
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Quick takeaways
- Market volatility management is crucial to counter sharp currency fluctuations in Asian markets.
- China's GDP growth surpasses expectations, but balancing short-term stimulus with long-term structural issues remains a key challenge in economic policy.
Deep dives
US Treasury Secretary Concerns on Exchange Rates
US Treasury Secretary Janet Yellen acknowledged concerns from Japan and South Korea on sharp declines in the Japanese yen and South Korean won against the dollar, prompting talks to counter volatility. Market volatility management is crucial, suggesting potential actions against excessive market swings.
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