EconomyThe Chinese yuan has risen to its strongest level since 2022. Bloomberg’s “The China Show” also covers expectations for a Bank of Japan rate hike and a reported delay to new US tariffs until after the Trump-Xi summit.
Bloomberg Television
Economy1:33:09China’s inflation is picking up as energy costs rise. Bloomberg’s China Show also covers Brent crude nearing $100 a barrel after US strikes near Kharg Island and a challenge to traders betting against the yen.
Bloomberg Television
Economy3:01Logan Wright, a Rhodium Group partner responsible for China’s economy and financial markets, says Evergrande’s inability to repay loans provided by employees indicates that China’s broader economy faces deeper problems. He says the crisis emerged not first at banks, but at property developers.
VOA Chinese
EconomyChina’s Ministry of Finance announced a 360 billion yuan business-support program, described as one of the government’s largest interventions in the banking sector this year. Logan Wright of Rhodium Group says China’s credit-dependent, investment-led economic model has ended and traces its current problems to financial-sector expansion that began in the 2000s.
VOA Chinese
EconomyBloomberg’s The China Show highlights Beijing’s efforts to shore up the balance sheets of major banks and insurers. The program also says DeepSeek is reportedly planning a major artificial-intelligence chip order from Nvidia.
Bloomberg Television
EconomyAfter Evergrande founder Hui Ka Yan was sentenced to life in prison, former U.S. Assistant Secretary of State David Stilwell said China’s local governments have long relied on land seizures, construction and property sales for revenue. With the market still depressed, he questioned whether Country Garden could be next and where local governments will get income.
VOA Chinese