Bloomberg Daybreak: Asia Edition
China, South Korea, Japan Trilateral Meeting, Xi's China EV Dream
May 27, 2024
Richard McGregor, a Senior Fellow for East Asia at the Lowy Institute, shares insights on the trilateral summit between China, Japan, and South Korea, focusing on their need for stable supply chains and collaboration. Linda Lew, a China Cars Reporter, discusses Xi Jinping's vision for electric vehicles and China's rise in this sector amid global challenges. David Chao, a Global Market Strategist, highlights market outlooks shaped by geopolitical dynamics and the implications of Taiwan's semiconductor influence.
26:02
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Quick takeaways
- The recent trilateral meetings between China, Japan, and South Korea reflect a strategic commitment to enhance economic ties despite geopolitical tensions.
- China's ambitions in the EV market are driven by government initiatives but face challenges from trade barriers and competition in Western markets.
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