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(801)

Earnings Are In. Companies Can’t Hide From Tariffs Anymore

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How Goldman Sachs Is Thinking About Tariffs

How Goldman Sachs Is Thinking About Tariffs

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What a Liberal Victory Means for Canada and the Trade War

What a Liberal Victory Means for Canada and the Trade War

In electing Mark Carney as prime minister, Canadians have given him and the Liberal Party a mandate. But it was a narrow victory — one that will require Carney to work with another party to achieve his priorities. His most urgent: trade talks with US President Donald Trump. On today’s Big Take podcast, David Gura sits down with Canadian government reporter Brian Platt in Ottawa to discuss the results of the election, what a fourth consecutive Liberal term means for the country’s future and how Carney might try to position Canada in trade negotiations.See omnystudio.com/listener for privacy information.

29 Apr 202515min

Top Colleges Are Too Costly — Even for Parents Making $300K

Top Colleges Are Too Costly — Even for Parents Making $300K

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25 Apr 202516min

The Americans With Disabilities Making Under Minimum Wage

The Americans With Disabilities Making Under Minimum Wage

For decades, workers, disability advocates and employers have debated a program called 14(c), a section of employment law that lets companies pay certain employees with disabilities less than the federal minimum wage. Proponents say the program provides opportunities for people who might not find them elsewhere. Critics say it’s exploitative and stigmatizing. On today’s Big Take podcast, Bloomberg senior reporter Josh Eidelson joins host Sarah Holder to dig into the debate over subminimum wage and the future of the program under President Trump. Read more: It’s Legal to Pay US Workers With Disabilities as Little as 25¢ an HourSee omnystudio.com/listener for privacy information.

24 Apr 202516min

The Chinese Toy Company Defying the Trade War

The Chinese Toy Company Defying the Trade War

Chinese toy company Pop Mart is one of the hottest stocks this year thanks to the wild popularity of its Labubu dolls and other blind box toys. On today’s Big Take Asia podcast, host K. Oanh Ha talks to Bloomberg Opinion’s Shuli Ren about how the company’s business model could help it ride out the trade-war storm. Read more: China’s ‘Blind Box’ Magic Breeds Millions of Peter PansFurther listening: How China’s BYD Became King of the Affordable EVSee omnystudio.com/listener for privacy information.

22 Apr 202515min

The Vibes Are Off. But Is It a Recession?

The Vibes Are Off. But Is It a Recession?

Amid tariff whiplash, renewed inflation concerns and turbulence in financial markets, Americans are left wondering: Do the economic vibes match our economic reality? And are we headed for a recession?Today on the show, Bloomberg senior markets editor and columnist John Authers joins host David Gura to discuss official and unofficial recession indicators and what the state of the economy tells us about what could be ahead.See omnystudio.com/listener for privacy information.

18 Apr 202516min

A Rubber Company Supplying Top Tiremakers Faces Troubling Accusations

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For years, a rubber and palm oil company that supplies some of the world’s top tiremakers has been dogged by allegations of sexual coercion at its plantations. Socfin — short for Société Financière des Caoutchoucs — says it has taken steps to improve matters, but an exclusive Bloomberg report shows those claims remain widespread. On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg’s Sheridan Prasso to discuss her investigation into why the abuse has been so hard to stop — and a new EU law that could give corporations like Socfin a big incentive to reform.Read more: Sex-for-Work Allegations Hang Over Tycoons' Rubber PlantationsSee omnystudio.com/listener for privacy information.

16 Apr 202520min

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