Bloomberg Daybreak: Asia Edition
Bloomberg Daybreak Asia: China Market Struggles, Indonesia Elections
Feb 15, 2024
Jing Liu of HSBC discusses Asia Markets. Danny Lee talks about Ford's push into affordable EVs. Haslinda Amin breaks down the stakes in Indonesia's presidential election.
22:00
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Podcast summary created with Snipd AI
Quick takeaways
- China's holiday hotel sales surge, driven by pent-up demand and a new spending trend.
- China's deflation driven by food and commodity prices, but pork prices are expected to turn to inflation in the second half of the year.
Deep dives
Positive outlook for holiday spending in China
The podcast discusses the surge in holiday hotel sales in China, indicating a strong holiday spending record high. This optimism is driven by pent-up demand and a new spending trend of people going back home for the holiday first and then traveling. Overall, there is a positive sentiment among Chinese people towards government support for the economy and the equity market.
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