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(799)

A Warming Planet vs. Trump

A Warming Planet vs. Trump

Since taking office in January, President Trump has set in motion a series of sweeping rollbacks on US climate policy. This comes at a time when governments around the world have lagged behind their stated environmental goals. On today’s episode of the Big Take, host Sarah Holder is joined by Akshat Rathi, host of the Zero podcast, to talk through the Trump administration’s key climate actions, how they could impact investment in green energy, and what it all means for the global fight to stop the warming of the planet. Read more: Trump's Climate Pullback Endangers Crucial Funds for Poor NationsFurther listening: Global Leaders Wrestle With Costs of Climate Change in the Wake of the US ElectionSee omnystudio.com/listener for privacy information.

6 Mar 202516min

Why Harvard Law Is Losing Black Students

Why Harvard Law Is Losing Black Students

The data is in: The number of Black first-year students at Harvard Law fell dramatically after the Supreme Court’s decision to ban the consideration of race in admissions. On today’s Big Take podcast, Bloomberg higher education reporter Janet Lorin shares what she’s learned about how Harvard has changed its application process and what the institution has historically meant for generations of Black leaders. Plus, we hear from a Harvard Law student who’s involved in efforts to recruit more Black students. Read more: Harvard Law’s Fast Track to the American Elite Is Losing Black StudentsSee omnystudio.com/listener for privacy information.

4 Mar 202513min

How Facebook, Tinder and Airbnb Are Being Used for Sex Trafficking in Colombia

How Facebook, Tinder and Airbnb Are Being Used for Sex Trafficking in Colombia

In January 2024, the US Embassy issued a warning to all American travelers: Be careful using dating apps in Colombia. Eight men had been killed in two months — several of them after traveling to Medellin and using apps to connect with women online. Bloomberg’s Natalie Lung and Antonia Mufarech investigated and found an even darker situation. On today’s Big Take podcast, they join host Sarah Holder to explain how apps from US-based tech companies are being used for sex trafficking and child exploitation in Colombia — and why it’s so hard for the companies to keep criminals off their platforms.See omnystudio.com/listener for privacy information.

3 Mar 202517min

What’s Behind All of the US Air Travel Accidents?

What’s Behind All of the US Air Travel Accidents?

Over the last few months, a spate of high-profile air travel incidents in North America have captured public attention. And it’s raised concerns about whether air travel is as safe as it used to be. On today’s Big Take podcast, Bloomberg’s global aviation editor Benedikt Kammel joins host David Gura to discuss how recent accidents — especially the fatal collision between American Airlines Flight 5342 and a military helicopter and, weeks later, the crash landing of Delta Flight 4819 — have undermined public trust in flying. And they examine what’s going on inside the FAA in the midst of mass government lay-offs. See omnystudio.com/listener for privacy information.

28 Feb 202515min

When a Small Town Gets a Big Data Center

When a Small Town Gets a Big Data Center

The Hopeful Primitive Baptist Church in Fayetteville, Georgia, has been standing for two hundred years. Now, with a huge, private equity-backed data center coming to town, it will soon be surrounded by towering power poles — and power lines will run through the yards of more than a hundred homes and private properties. Today on the show, energy reporter Josh Saul reports on the AI boom, the demand it’s creating for data centers, and what it looks like on the ground in the communities where those are being built. Plus, the pastor from Hopeful Primitive Baptist talks about the community’s response. Read more: Blackstone’s Data-Center Ambitions School a City on AI Power StrainsSee omnystudio.com/listener for privacy information.

27 Feb 202516min

Xi Has Embraced China’s Tech Titans Once Again. Will It Last?

Xi Has Embraced China’s Tech Titans Once Again. Will It Last?

Four years after launching a regulatory crackdown that plunged the tech sector into turmoil, China’s President Xi Jinping sat down publicly with Alibaba Group’s co-founder Jack Ma, whose firm bore the brunt of that campaign, and a number of other tech titans. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg’s Lucille Liu and Opinion columnist Catherine Thorbecke about Xi’s shifting stance and where the tech industry goes from here. Read more: Xi’s Embrace of China Tech CEOs Spurs Hope of Big Economic Shift - Bloomberg Further listening: China’s New Game Plan For Dealing with Trump Tariffs See omnystudio.com/listener for privacy information.

26 Feb 202515min

Inside Walmart’s Next Chapter With CEO Doug McMillon

Inside Walmart’s Next Chapter With CEO Doug McMillon

Doug McMillon has been running Walmart since 2014. He’s credited with pushing the company into the digital age and successfully steering it through the COVID-19 pandemic. Now, he’s turning his attention to the company's next chapter and new challenges ahead. On today’s Big Take podcast, Bloomberg reporters Jaewon Kang and Devin Leonard travel to Bentonville, Arkansas, to interview McMillon about navigating a second Trump presidency, appealing to higher-end shoppers and the company’s ambition to go after Amazon’s e-commerce crown. Read more: Walmart Wants to Be Something for Everyone in a Divided America Inside Walmart’s Corporate Culture Clash Over E-Commerce How Walmart Keeps an Eye on Its Massive Workforce See omnystudio.com/listener for privacy information.

24 Feb 202516min

Why Eggs Are So Expensive Right Now

Why Eggs Are So Expensive Right Now

The price of eggs was up 15% in January, driving overall inflation higher. The cause? Bird flu. We’re joined by farmer Jim Hayes, as well as the hosts of Bloomberg’s Odd Lots podcast, Joe Weisenthal and Tracy Alloway, to talk about how bird flu threatens the chicken supply chain and public health — and what, if anything, can be done to lower egg prices. Listen to Beak Capitalism from Odd Lots.See omnystudio.com/listener for privacy information.

21 Feb 202516min

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