China’s Economic Crackdowns Are Crushing the Dreams of a Generation
Big Take27 Syys 2024

China’s Economic Crackdowns Are Crushing the Dreams of a Generation

This week, China’s central bank announced a stimulus package designed to revive the economy, cutting an interest rate and reducing the amount of money banks need to hold in reserve.

But the country’s ongoing drive to upgrade its struggling economy has left millions of people facing job losses or pay cuts, fueling an existential crisis among some of its best and brightest workers.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Lulu Chen about the impact Xi Jinping’s push is having on professionals, from banking to tech, and what this anxiety could mean for the outlook of the world’s second-largest economy.

Read more:
Xi Unleashes a Crisis for Millions of China's Best-Paid Workers

China Unleashes Stimulus Package to Revive Economy, Markets

Further listening:

Why China’s Investment Bankers Are Breaking Up With Capitalism

What Does China’s Economic Slowdown Mean For the Communist Party?

See omnystudio.com/listener for privacy information.

Jaksot(860)

How US Troops Could Go About Taking Hormuz

How US Troops Could Go About Taking Hormuz

Leaders in Washington and Tehran are on the clock, with about a month to wrap up the Iran war before it does greater damage to the global economy and their own political fates, according to retired Ad...

27 Maalis 19min

What Really Happened in the Battle for Warner Bros.

What Really Happened in the Battle for Warner Bros.

Just when it seemed that Netflix had clinched the deal to purchase Warner Bros. Discovery, Paramount Skydance Corp. swooped in with a $110 billion counter-offer that was ultimately too good for the st...

26 Maalis 17min

The Prosecutor Who Tried to Stop Epstein, in Her Own Words

The Prosecutor Who Tried to Stop Epstein, in Her Own Words

Two decades ago, a federal prosecutor in Florida spent two years investigating Jeffrey Epstein and urged her superiors to charge him. Her frustrations mounted as her boss, US Attorney Alex Acosta, pur...

25 Maalis 22min

What Trump Wants in Cuba

What Trump Wants in Cuba

President Donald Trump says he believes he’ll have the “honor of taking Cuba.” As the island nation suffers from major blackouts and a US squeeze on its oil supply, its regime’s survival — and the cou...

24 Maalis 19min

$100 to Fill Up Your Tank? Some Drivers Look Elsewhere

$100 to Fill Up Your Tank? Some Drivers Look Elsewhere

As the war with Iran drags out and oil prices remain turbulent, it raises the question of whether — and how — prolonged conflict in the Middle East might impact global fossil fuel dependence and the f...

23 Maalis 16min

The Sixth Bureau Episode 6: Nothing Is Holy

The Sixth Bureau Episode 6: Nothing Is Holy

In Episode 6 of The Sixth Bureau, a series from The Big Take, with spy Xu Yanjun in prison, the US government pursues some of his collaborators. Plus, host Jordan Robertson gets an unexpected call whi...

20 Maalis 35min

Reopening the Strait of Hormuz Is Going to Take Awhile

Reopening the Strait of Hormuz Is Going to Take Awhile

Has Iran laid mines across the Strait of Hormuz? With attacks on gas and oil facilities across the Middle East sending energy prices soaring, a key to restoring global oil supplies is ensuring the Str...

19 Maalis 14min

The Iran War Is the Fed's Worst Nightmare

The Iran War Is the Fed's Worst Nightmare

The Federal Open Market Committee announced this afternoon that it would hold interest rates steady. The decision comes in spite of spiking oil prices and new market uncertainty driven by the Iran War...

18 Maalis 17min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
politiikan-puskaradio
tervo-halme
rss-podme-livebox
rss-vaalirankkurit-podcast
et-sa-noin-voi-sanoo-esittaa
the-ulkopolitist
otetaan-yhdet
rss-asiastudio
aihe
rikosmyytit
rss-hyvaa-huomenta-bryssel
rss-merja-mahkan-rahat
rss-kaikki-uusiksi
rss-aijat-hopottaa-podcast
rss-raha-talous-ja-politiikka
viisupodi