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China’s economy braces for Trump

2024/11/20
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Behind the Money

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China's economy faces significant challenges, including a potential deflationary spiral and the impact of Donald Trump's election in the U.S. The recent massive monetary stimulus package aims to boost the economy, but its effectiveness remains uncertain.
  • China's economy has been in a tough place for the past couple of years.
  • The recent monetary stimulus package caused a significant stock market rally.
  • The stimulus marks a significant departure from previous post-COVID economic strategies.

Shownotes Transcript

Lately, China’s economy has been in the doldrums, with the risk of a “deflationary spiral” lurking. Plus, toss in the election of Donald Trump in the US — and reaching the economic goals President Xi Jinping set more than a decade ago looks even more difficult. The FT’s China bureau chief Joe Leahy examines Beijing’s latest plans to fix the country’s economy and whether it will be enough to keep up with Xi’s long-term plans for growth.  

Clips from Bloomberg, CBS, Yahoo Finance 

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For further reading:

Why Xi Jinping changed his mind on China’s fiscal stimulus)

Why China is betting on local governments to spur the economy)

If China’s statistics can’t be scrutinised, doubts about the economy will only grow)

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On X, follow Joe Leahy (@leahyjoseph)) and Michela Tindera (@mtindera07)), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com) Hosted on Acast. See acast.com/privacy) for more information.