[Chinese economy] The real estate slump continues unabated. What measures will the Xi administration take to improve the situation? Guests: Akio Makabe (specially appointed professor at Tama University) and Ke Long (Chief Research Fellow at the Tokyo Foundation for Policy Research) BS11 Inside OUT, broadcast on Wednesday, October 23rd

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Published on Oct 24, 2024
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The Chinese economy continues to stagnate and there is no stopping it... The GDP (gross domestic product) for the July-September period announced on the 18th increased by only 4.6% compared to the same period last year, slowing down from the April-June period (4.7%). The Chinese government's full-year target of "around 5%" is in doubt. How does the Xi Jinping administration, which has been unable to provide any measures to improve the prolonged real estate slump, see the future? Meanwhile, Chinese stock prices are currently maintaining a high level. The Shanghai Composite Index, a representative stock price indicator, has recovered to the psychological milestone of 3,000 points for the first time since June. This is said to be due to the "economic stimulus measures" such as monetary easing announced by the Xi administration late last month. Is the rise in stock prices a bright sign for the future of the Chinese economy? The guests are Akio Makabe, a specially invited professor at Tama University who studies trends in financial markets and the global economy, and Ke Long, a senior researcher at the Tokyo Foundation Policy Research Institute who specializes in the Chinese economy. A thorough analysis of the future of the Chinese economy, where the move away from foreign capital is accelerating, with major Japanese and American companies considering withdrawing or downsizing from China. #ChineseEconomy #RealEstateDecline #XiAdministration #MakabeAkio #TamaUniversity #KeLong #TokyoFoundationPolicyResearchInstitute #BS11 #InsideOUT #October23rd #XiJinping #EconomicStimulusMeasures #GDP #Slump #StockStocks #HighLevel #MonetaryEasing #ShanghaiCompositeIndex #FinancialMarket #WorldEconomy #MoveawayFromForeignCapital #IwataKimio #UenoAina

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