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(818)

Why We Can’t Quit Microsoft Excel

Why We Can’t Quit Microsoft Excel

Excel. If you work in corporate America, that word either inspires laser-focused productivity or pure dread. Over the last 40 years, the spreadsheet software has become synonymous with the best — and ...

4 Des 202518min

Are We Headed For Another ‘Crypto Winter’?

Are We Headed For Another ‘Crypto Winter’?

Back in October, Bitcoin reached a record high. Just a few weeks later, its price had plunged, taking out over $1 trillion dollars in assets along with it. On Tuesday, it rallied. But dips across the ...

3 Des 202518min

Hong Kong's Catastrophic Fire Provokes Questions and Fury

Hong Kong's Catastrophic Fire Provokes Questions and Fury

Hong Kong’s worst fire disaster in decades has stirred up public anger over negligence, safety standards and official accountability. On today’s Big Take Asia podcast, host K. Oanh Ha talks to Bloombe...

2 Des 202519min

Where US-Russia Talks Leave Ukraine

Where US-Russia Talks Leave Ukraine

On Monday, Trump envoy Steve Witkoff flew to Moscow, while Ukrainian President Volodymyr Zelenskiy visited France. Witkoff is expected to meet with Russian President Vladimir Putin to try and sell him...

1 Des 202516min

The Big Business of the Doodle Boom

The Big Business of the Doodle Boom

Goldendoodles, bernedoodles, labradoodles, cockapoos, everywhere you look, it seems like doodles — those fluffy, adorable poodle mixes — are taking over sidewalks, cafes and TikTok feeds. But the ubiq...

28 Nov 202517min

Wanted: Fed Chair. Must Run World’s Largest Economy, Manage Up

Wanted: Fed Chair. Must Run World’s Largest Economy, Manage Up

Weeks before the Trump administration is expected to name its pick for the next US Federal Reserve chair, current White House economic adviser Kevin Hassett leads a group of five finalists. Whoever pr...

26 Nov 202518min

All Eyes on Japan and China Tensions After Taiwan Remark

All Eyes on Japan and China Tensions After Taiwan Remark

After a rare public comment on Taiwan from Japan’s new prime minister, Sanae Takaichi, relations between the two nations are at a historic low — and Beijing is ramping up its economic retaliation. On ...

25 Nov 202517min

Inside Trump’s Retribution Campaign

Inside Trump’s Retribution Campaign

On Monday, a federal judge threw out the criminal cases filed by the Department of Justice against former FBI director James Comey and New York Attorney General Letitia James. When President Trump too...

25 Nov 202519min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
i-retten
stopp-verden
forklart
popradet
det-store-bildet
nokon-ma-ga
dine-penger-pengeradet
fotballpodden-2
rss-gukild-johaug
aftenbla-bla
hanna-de-heldige
rss-ness
bt-dokumentar-2
frokostshowet-pa-p5
e24-podden
rss-dannet-uten-piano
rss-penger-polser-og-politikk