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China Insider
CCP's "Buy New Products" Campaign, Sports Cheating, and Credit Rating Drops
Apr 23, 2024
Shane Leary discusses China's 'Buy New Products' campaign to boost economy, sports cheating scandal in Beijing marathon, and Fitch's credit downgrade. They explore economic challenges, deceptive tactics, sports cheating culture, and economic realities in China.
23:57
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Quick takeaways
- China focuses on boosting domestic consumption amid economic challenges through Buy New Products campaign.
- Sports cheating scandals in China reflect systemic fraud driven by state sponsorship and government manipulation for national image.
Deep dives
China's Buy New Products Campaign and Economic Woes
China launched the Buy New Products campaign to address its economic challenges, heavily emphasizing domestic consumption due to declining exports and foreign direct investment. Despite focusing on green energy and e-commerce for export growth, China faces criticism for dumping practices. In response to economic pressures, Xi Jinping's government attempts to boost domestic consumption but faces hurdles due to low trust in the CCP's ability and a struggling real estate market.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode