
Economist Podcasts
The Intelligence: Faith-based reeling
Feb 20, 2024
Rachana Shambhog, The Economist's business affairs editor, discusses China's faltering economy and shrinking investor confidence amid regulatory upheaval. Epiphany Nodjukua Johnrang, a slam poet from Chad, uses her artistry to confront social injustices and empower women in a patriarchal society. They explore the decline of multi-talented athletes in sports, contrasting it with the rise of slam poetry as a powerful voice for change in Africa. Together, they highlight resilience in both finance and the arts.
23:29
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Quick takeaways
- Foreign investors are losing faith in China's markets due to instability and geopolitical tensions.
- Slam poetry in Chad empowers women to challenge societal norms and address taboo issues.
Deep dives
China's Market Instability and Declining Investor Confidence
China's markets have experienced significant instability and a decline in investor confidence in recent years. Less than a decade ago, investors were optimistic about China's impressive growth story. However, since then, policymaking has become more skittish, leading to a tech crackdown, mismanaged exit from zero Covid, and a property crisis. Foreign investors have also fallen out of love with China, fearing geopolitical tensions and doubting the potential for big returns on their investments. These factors have contributed to a hit on China's growth prospects and a decline in innovative activities.
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