Bloomberg Daybreak: Europe Edition China Economy Slump, Starmer Pressure Builds, Pope Slams CEO Pay
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Sep 15, 2025 China's economy is in a slump, prompting discussions about potential stimulus measures. High-level talks between the U.S. and China centered on trade and TikTok, signaling rising diplomatic tensions. Meanwhile, pressure mounts on UK Prime Minister Keir Starmer over an ambassador appointment gone wrong. The Pope criticizes the growing wealth gap, specifically mentioning figures like Elon Musk. Additionally, anticipation builds for the first U.S. interest rate cut since Trump's presidency, impacting global economic policy.
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China's Growth At Risk
- China’s economic activity slowed across the board in August, signaling weaker industrial output and consumption.
- Economists warn the 5% official growth target may be jeopardised without stronger stimulus from Beijing.
Stimulus Tightrope For Beijing
- Policymakers are data-dependent and likely to consider extra measures after weak August prints.
- Markets expect more stimulus but worry about creating housing or stock market bubbles.
Madrid Talks Prep For Summit
- US and Chinese officials held high-level talks in Madrid covering trade, security and TikTok's fate.
- The discussions aim to pave the way for a possible Trump–Xi summit in Asia later this year.
