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BBCNEWS BBC News June 4, 2024 23:30:00

programme. hello, everybody. a very warm welcome to talking business weekly with me, aaron hazelhurst. let s go and take a look at what s on the show. the big china challenge. it s a year since covid lockdowns were abandoned, but is the world s second biggest economy back to full health? the struggles of the property sector, soaring youth unemployment and ongoing trade tensions with the us are just some of the problems xi jinping s government is trying to tackle. this leading china economist will explain how the government needs to balance its ambitions with the changing demands of a radically different younger generation if it wants the country to thrive. plus, this former head of the international monetary fund s china division tells me how beijing struggles are affecting all of us

BBCNEWS Talking Business June 4, 2024 23:44:00

but whatever choices it makes, there will be considerable consequences for the rest of the world. something i ve been discussing with a cornell university professor of global trade who used to head up the international monetary fund s china division. eswar prasad, a real pleasure having you on the show. and let me start with this, because it does seem pretty clear that china s economy isn t exactly firing on all cylinders. so how big of a problem, ishwar is that for well, for the rest of the world? china is the second largest economy in the world. and in the period since the global financial crisis of 2008, china has been the main driver of global growth, adding even more to global gdp and global demand than even the united states. so when the second largest economy in the world slows down, it means that demand for commodities is relatively weak and chinese consumers are holding back on consuming. so this means that overall global demand is much weaker than it would otherwise be. the e

BBCNEWS Talking Business June 4, 2024 23:30:00

hello, everybody. a very warm welcome to talking business weekly with me, aaron hazelhurst. let s go and take a look at what s on the show. the big china challenge. it s a year since covid lockdowns were abandoned, but is the world s second biggest economy back to full health? the struggles of the property sector, soaring youth unemployment and ongoing trade tensions with the us are just some of the problems xi jinping s government is trying to tackle. this leading china economist will explain how the government needs to balance its ambitions with the changing demands of a radically different younger generation if it wants the country to thrive. plus, this former head of the international monetary fund s china division tells me how beijing struggles are affecting all of us

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