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How China is turning around its declining economy

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Bloomberg en Español

Published on Aug 5, 2024

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Xi Jinping has a plan to reverse his country's economic decline and offset the pain caused by the property crisis. The goal is to move up the value chain. Away from dirty, low-quality manufacturing and toward new industries, such as the solar panel industry and electric cars. The problem, however, is that Chinese consumers aren't spending money. In addition, Beijing faces a tense trade and geopolitical landscape with the United States and Europe. 00:00 Introduction 01:05 The story of China's growth 01:54 GCL: the solar panel company 02:50 High-tech sectors 04:05 Tariffs and low consumption 07:09 The model for success New videos in Spanish every day! Subscribe here! / @bloomberg_espanol Bloomberg offers the latest global financial news, market analysis and informative documentaries directly from Bloomberg, now available in Spanish. More from Bloomberg in Spanish: WhatsApp: https://trib.al/PIK6kY1 TikTok: https://vm.tiktok.com/ZGeuw69Ao/ X: https://x.com/BBGenEspanol For more of our coverage: http://www.bloomberg.com The synthetic voices that appear in these reports come from Papercup, a company that uses artificial intelligence technology to translate video content. Bloomberg cannot guarantee the accuracy of the translations.

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