Nomura's Koo on Fixing China's 'Balance Sheet Recession'
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- Опубліковано 25 тра 2024
- Richard Koo, Chief Economist at Nomura Research Institute, explains why he thinks Beijing's stimulus so far is not enough to get the country out of a "balance sheet recession". He speaks with David Ingles and Yvonne Man on "Bloomberg: The China Show."
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China's 🇨🇳 stimulus package trying to fix its property market malaise
is like throwing a cup of water on the forest fire. LOL
Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
gold appreciation lol
from imagination...
Great talk🎉Mr. Koo is the person who can interpret this situation the most clearly，thanks hosts
Good lesson
Asking China to copy how Japan dealt with its economic downturn 30 years ago is at least not creative and misleading, as the root cause and options of solutions are vastly different.
Yawn.. Lemme guess, he's Taiwanese . Born pre Civil war..
I've met him before, he thought I have not been to China.. then he told me that there are so many cameras in China and everyone is being watched...LOL. I wanted to say to him that there are cameras in every JR train too.. Later I found out that his father worked for Nazi KMT (US puppet). His father, Koo Kwang-ming, was an activist in the Taiwan independence movement then living in exile in Japan.
@assuw.... His grandfather helped Japanese invaded Taiwan province.
msm propaganda