Richard Koo and Zichen Wang on What Just Happened in China
Episode publishedPodcast: Odd LotsOdd Lots
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Hello, and welcome to another episode of the Odd Thoughts podcast. I'm Tracy Alloway. And
I'm Joe Weisenthal. Joe,
what is going on in China? We haven't asked that question for a while. I
mean, how long is it ever how long do we ever go without a China episode? But since the last time we ever talked about China, which was probably, like, a month ago or something, we have seen an absolute flurry of policy announcements. Look. We know that the big picture is that there's been slow growth. The real estate market is dismal. Consumption is slow. The stock market, which I don't think is particularly important to Chinese policymakers, has been terrible. And then over the last few weeks, we've had this flurry of announcements.
Right. So there was something of a policy pivot in September, which in itself is kind of unusual, and we'll get into that. But we've basically seen, you know, new Politburo guidance. We've seen monetary easing. We've seen property support. We've seen some signs of maybe more fiscal stimulus, and that to me is kind of the big question because so far and you're gonna hear me ask this question a couple of times, I imagine. But so far, the responses to what's been announced are kind of along this range of some people thinking it's kind of a nothing burger. It's just more monetary easing. We've see
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