Bloomberg Daybreak: Asia Edition
Day 2 of Xi-Putin Visit
May 17, 2024
In this podcast, John Liu discusses Putin's visit to China, Anitza Nip shares market views from Hong Kong, and Audrey Goh gives insights on APAC market action. Topics include China-Russia collaboration amid US tensions, Taiwan's strategic importance, Fed's rate approach, China's property market dynamics, and potential of AI in trade.
22:31
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Quick takeaways
- China-Russia alliance counters US influence through historical cooperation and economic interdependency.
- Global perspectives on China-Russia partnership vary, focusing on stability, economic growth, and technology collaborations in industries like property and energy.
Deep dives
China and Russia Strengthen Cooperation in Response to US Nuclear Tensions
China and Russia are intensifying cooperation to counter US influence, especially regarding growing nuclear tensions. A strong relationship between China and Russia has historical complexities but has strengthened due to shared opposition to the US. Economically, China holds the upper hand given its global prominence, leading to mutual dependency between the two countries.
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