Economist Podcasts

Yuan for the money: China stimulates its economy

25 snips
Oct 3, 2024
Simon Cox, China economics editor for The Economist, discusses China's aggressive policy shifts aimed at reigniting consumer demand and boosting business confidence. He unpacks the implications of recent interest rate cuts and fiscal measures on global markets. Aaron Braun, a West Coast correspondent, shifts the focus to Arizona’s pivotal role in the presidential election, highlighting immigration's impact on voter dynamics. Meanwhile, Andrew Miller reviews Sally Rooney's novel, Intermezzo, exploring its themes of brotherly bonds and financial struggles.
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INSIGHT

China's Economic Shift

  • China's 75th anniversary of communist rule arrives amid economic concerns.
  • Xi Jinping is shifting from extreme repression and control towards stimulating the economy.
INSIGHT

China's Aggressive Easing

  • China is aggressively easing its economic downturn with rate cuts and fiscal policy shifts.
  • This includes consumer and family support, a change for Xi Jinping.
INSIGHT

Reasons for China's Shift

  • China's rate cuts are linked to the US Federal Reserve's actions, creating room for China to maneuver.
  • Bad news, especially local government revenue shortfalls and curtailed spending, prompted further action.
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