Big Take Asia

Nicholas Burns, a former US Ambassador to China and a prominent professor at the Harvard Kennedy School, shares his insights on the intricate U.S.-China trade relationship. He discusses the pausing trade war, emphasizing the urgent need for a new agreement amid ongoing economic challenges. Burns warns of the historic competition that lies ahead and critiques the current U.S. diplomatic approach. He also inspires foreign policy students, stressing the importance of experienced diplomats in navigating this complex geopolitical landscape.

Saritha Rai, a Bloomberg journalist specializing in AI in Asia, sheds light on the enigmatic Liang Wenfeng, founder of DeepSeek. They discuss how his reclusive nature contrasts with the ambitious AI advancements of his company. The conversation reveals DeepSeek's innovative R1 model and its implications for global tech competition, particularly between China and the U.S. They also delve into how export restrictions impact AI development and the challenges DeepSeek faces amidst fierce competition. A captivating look into the future of AI.

In this insightful discussion, Dan Flatley, a Bloomberg Treasury reporter, unpacks the recent US-China trade negotiations. He highlights a stunning reduction in tariffs and what it means for the global economy. Flatley dives into the factors fueling the new cordiality in talks and the cautious optimism it brings to Wall Street. The conversation also touches on the importance of ongoing dialogue amid political pressures and anticipates the potential challenges once the 90-day reprieve expires. Will this ‘total reset’ hold, or is uncertainty ahead?

Dan Strumpf, a Bloomberg senior reporter based in New Delhi, dives into the recent intensifying conflict between India and Pakistan. He discusses the unprecedented military confrontations and the sudden ceasefire triggered by Donald Trump. Strumpf sheds light on the historical context of the Kashmir dispute, the nuclear threats involved, and the roles of the U.S. and China in mediation efforts. His insights illuminate the complexities of regional stability and the delicate nature of diplomacy between these two nations.

David Ramli, a Bloomberg investing reporter based in Singapore, dives into the shocking downfall of Gibran Huzaifah’s fish-feeding startup, eFishery. Ramli details how financial desperation led Gibran to fabricate numbers, initially attracting massive investments but ultimately resulting in a $300 million wipeout. The discussion highlights the risks of venture capital, the ethical dilemmas faced by entrepreneurs, and the broader implications of deceitful practices within startup culture. Transparency emerges as a vital necessity in business.

Alice Kempton, an Australian woman on a quest for motherhood, shares her heartfelt journey through the complex world of egg donation and IVF. She reveals the emotional toll of infertility, the pressures of repeated miscarriages, and the financial strains they faced. The couple sought donors abroad, highlighting the quest for transparency and connection with their chosen donor. Their story unfolds with gut-wrenching setbacks but ultimately culminates in the joyful birth of their son, Rupert, emphasizing hope and the intricacies of family creation.

Vernon Silver, an investigative reporter at Bloomberg, dives into the murky waters of the human egg trade, having traveled to Greece to uncover shocking truths. He discusses a scandal where a fertility clinic allegedly stole eggs from 75 women, sparking ethical concerns and global repercussions. The podcast addresses Greece's dual role as a fertility tourism hub, highlighting both its appealing costs and significant ethical dilemmas. Silver elaborates on the vulnerabilities within the largely unregulated industry, emphasizing the critical importance of trust.

Natalie Obiko Pearson, an investigative reporter for Bloomberg and former India correspondent, sheds light on the harrowing world of the human egg trade. This gripping discussion reveals the shocking exploitation of vulnerable individuals, particularly young girls drawn into the trade by economic pressures. Pearson explores the booming fertility industry in India, unearthing ethical dilemmas and dark stories of manipulation. The podcast emphasizes the urgent need for accountability in an unregulated, global market that commodifies women's bodies.

Enda Curran, a Global Economy reporter for Bloomberg, and Tom Orlik, Chief Economist for Bloomberg Economics, delve into the impact of Trump’s tariffs on global growth. They discuss the IMF's forecast of a 2.8% GDP growth, revealing a concerning decline in U.S. projections. The conversation highlights the $2 trillion potential loss to global GDP and its comparison to major economies. They also emphasize the significant adjustments required in response to ongoing trade tensions and the importance of international dialogue at recent IMF meetings.

Shuli Ren, a Bloomberg Opinion columnist and expert on Chinese markets, discusses the impressive rise of Pop Mart, a toy company capturing global attention with its Labubu dolls and blind box collectibles. She highlights how celebrity endorsements, particularly from K-pop star Lisa, fuel demand. The conversation also delves into Pop Mart's innovative strategies, its resilience amid economic challenges, and how it inspires other Chinese brands to navigate international markets. This is a fascinating look at how a toy company is impacting China's economy.