China’s growth is tumbling after an initial post-pandemic bounce, plagued by factory-gate inflation and acute power shortages. China’s biggest homebuilder is on the brink of collapse. With housing making up a massive three-quarters of household wealth in China, will Beijing bail out these big property developers to ease the pain for small savers, or will this mess become a full-blown crisis? Plus, a record 9 million university graduates enters China’s labour market this year. Many will not be getting a job anytime soon if China’s economic growth continues to slide. Some commentators also warn that Beijing’s regulatory clampdown on China’s Big Tech will further dampen new jobs. What’s happening to China’s economy? We speak to Tsinghua University’s Professor of Economics David Daokui Li, a former advisor to China’s central bank, and a member of the elite consultative committee to the ruling Chinese Communist Party. 00:00 Introduction 01:21 Energy Crisis in China 06:45 Is Beijing to blame for Evergrande debt crisis? 11:07 ‘War of Population’ amongst China’s cities 14:16 What does a slowing China mean for the world? 17:21 Youth unemployment in China & Big Tech 19:57 China’s 2-year economic outlook 20:48 When will China’s ‘Zero Covid Policy’ end? For more In Conversation: https://www.youtube.com/playlist?list=PLkMf14VQEvTaBvHQdzyeJKHvUz9TPIEll =========== ABOUT THE SHOW: CNA's one-on-one interview programme with the people who matter, when it matters. =========== #CNA #CNAInterview #InConversation #China #ChinaEconomy For more, SUBSCRIBE to CNA INSIDER! https://cna.asia/insideryoutubesub Follow CNA INSIDER on: Instagram: https://ift.tt/2C3sZiR Facebook: https://ift.tt/2PPEuNA Website: https://cna.asia/cnainsider
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