China’s Economic Crackdowns Are Crushing the Dreams of a Generation
Big Take27 Sep 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.

Episoder(789)

There’s War in the Middle East. Why Are Oil Prices Falling?

There’s War in the Middle East. Why Are Oil Prices Falling?

The conventional wisdom used to be that war in the Middle East would send oil prices soaring. Not anymore.On today’s Big Take podcast, Bloomberg Opinion’s Javier Blas and host Sarah Holder talk about the emergence of the US as the world’s largest oil producer — and how that new power dynamic is playing out in the war in Iran.See omnystudio.com/listener for privacy information.

23 Jun 17min

What’s Next for Iran, Israel and the US

What’s Next for Iran, Israel and the US

The United States conducted airstrikes on three of Iran’s nuclear sites over the weekend, marking a dramatic escalation of the US’s involvement in Israel’s deepening war with Tehran.On today’s Big Take Podcast, Bloomberg national security and intelligence reporter Natalia Drozdiak and Israel Bureau Chief Ethan Bronner join host Sarah Holder to talk through what led to President Trump’s decision to strike, how the surprise attack happened and what comes next. Read more: A Weakened Iran Can Still Inflict Pain on the US — and the WorldSee omnystudio.com/listener for privacy information.

23 Jun 12min

President Trump’s 12 Billion Dollar Tourism Wipeout

President Trump’s 12 Billion Dollar Tourism Wipeout

Global tariff wars, multi-country travel bans, detentions and phone-seizures at the border. President Trump’s “America first” policies create a grim picture for one group in particular: international tourists. Foreign visitors to the US have been on the rise since the pandemic, with analysts previously expecting 2025 to be a bumper year for tourism. That is, until President Trump’s second term began. This drop in tourism is forecasted to cost the American economy $12.5 billion this year. On Today’s episode of the Big Take, host David Gura sits down with Bloomberg reporter and Big Take Asia host K. Oanh Ha to look at the state of the tourism industry in the US, and where in the world tourists are going instead. Read more: Trump’s $12 Billion Tourism Wipeout The US Is on Track to Lose $12 Billion in Travel Revenue in 2025 See omnystudio.com/listener for privacy information.

20 Jun 14min

How China Is Building a Powerful Army of Hackers

How China Is Building a Powerful Army of Hackers

Teams from China used to dominate international hacking competitions, until Beijing ordered them to stop attending and take part only in domestic tournaments. On today’s Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Jamie Tarabay about how tournaments are helping boost China’s cyber-espionage capabilities and what that means for the world. Read more: Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions - BloombergSee omnystudio.com/listener for privacy information.

18 Jun 16min

Why Trump Ditched the G-7 Summit

Why Trump Ditched the G-7 Summit

President Trump was in Canada this week for the Group of Seven summit. But after dinner on Monday night, Trump left early, citing the conflict in the Middle East. On today’s Big Take podcast, host David Gura speaks with Bloomberg’s Nick Wadhams in Calgary to unpack what Trump’s move could mean for Ukraine, the Middle East, trade — and for G-7 summits going forward.See omnystudio.com/listener for privacy information.

17 Jun 15min

Where Does the Israel-Iran Conflict Go From Here?

Where Does the Israel-Iran Conflict Go From Here?

Conflict between Iran and Israel has been simmering for decades — but escalated rapidly in the last few days after Israel bombed key nuclear facilities in Iran. As world leaders convene for the G-7 in Canada this week — many are concerned about the prospect of continued fighting and a broader regional conflict. Today on the Big Take podcast, Golnar Motevalli, who covers Iran for Bloomberg, joins host Sarah Holder to discuss the on-the-ground reality in both countries, the choices facing their heads of state and what other world leaders might do to encourage a deescalation.See omnystudio.com/listener for privacy information.

16 Jun 13min

Live from Hong Kong: Why China Can Afford to Wait for a Deal, and the US Can’t

Live from Hong Kong: Why China Can Afford to Wait for a Deal, and the US Can’t

Today on the Big Take, we bring you a new episode of Trumponomics, straight from the live stage at Bloomberg’s Hong Kong Invest conference. Stephanie Flanders leads a panel from the Hong Kong Invest conference to unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand and how far any decoupling of the two economies will go. She's joined by Robin Xing, Chief China Economist at Morgan Stanley, Lotus Asset Management Chief Investment Officer Hao Hong, and Bloomberg reporter Rebecca Choong Wilkins. Further reading: Why China Can Afford to Wait for a Deal, and the US Can’tSee omnystudio.com/listener for privacy information.

15 Jun 31min

Bloomberg’s Interview With UK Prime Minister Keir Starmer

Bloomberg’s Interview With UK Prime Minister Keir Starmer

Ahead of next week’s G-7 Summit in Calgary, Canada, Bloomberg Weekend Editor-at-Large Mishal Husain sat down for an exclusive interview with British Prime Minister Keir Starmer. The wide-ranging conversation touched on Israel’s ongoing strikes on Iran’s nuclear facilities, the US-UK trade agreement, defense spending and more. Read more: Starmer Says UK Has ‘Grave Concerns’ on Iran Nuclear Program Starmer Signals Support for 3.5% NATO Aim With Talks on Date Update on June 16: Corrects spelling of Keir Starmer in episode descriptionSee omnystudio.com/listener for privacy information.

13 Jun 23min

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