Shehzad Qazi, COO at China Beige Book International, discusses the 'boring' recovery of the Chinese economy. Dr. Allan Evans talks about drone use in wars. Topics include sovereign debt, investor confidence, carbon emissions solutions, trust in tech, open source AI, and drones in military conflicts.
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Quick takeaways
China's slow economic growth is concerning to investors in the market.
Beijing is taking steps to boost the Chinese economy and address concerns over a property crisis and sluggish growth.
Deep dives
Reducing Carbon Emissions and Clean Energy Solutions
ExxonMobil is working on solutions to reduce carbon emissions, such as carbon capture and clean energy from hydrogen. These solutions have the potential to benefit industries like manufacturing, commercial transportation, and power generation.
China's Efforts to Support its Economy
Beijing is stepping up support for the Chinese economy by issuing additional sovereign debt and raising the budget deficit ratio. This move aims to boost confidence and alleviate concerns about a property crisis, sluggish economy, and increased scrutiny of relationships with other countries.
The Changing Landscape of China's Growth and Property Market
China's economy is shifting towards slower but healthier growth, with the government giving up growth targets. The property market is undergoing deflation, resulting in potential crises for developers like Country Garden. The government's priority is to protect home buyers and stabilize the market, while navigating complex relationships and alliances on the global stage.
Shehzad Qazi, COO at China Beige Book International, discusses what he describes as a 'boring' recovery of the Chinese economy that is not impressive to the markets. Dr. Allan Evans, Chief Operating Officer at Red Cat, talks about drone use in the Israel-Hamas and Russia-Ukraine wars. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.