China’s Economic Crackdowns Are Crushing the Dreams of a Generation
Podcast |
The Big Take
Media Type |
audio
Podknife tags |
Business
News & Politics
Categories Via RSS |
News
Publication Date |
Sep 27, 2024
Episode Duration |
00:17:15

This week, China’s central bank announced a stimulus package designed to revive the economy, cutting an interest rate and reducing the amount of money banks need to hold in reserve.But the country’s ongoing drive to upgrade its struggling economy has left millions of people facing job losses or pay cuts, fueling an existential crisis among some of its best and brightest workers.

On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Lulu Chen about the impact Xi Jinping’s push is having on professionals, from banking to tech, and what this anxiety could mean for the outlook of the world’s second-largest economy.

Read more: Web Hed for original article + LinkChina’s CICC Demotes Senior Bankers, Cuts Pay to Slash Costs

China Unleashes Stimulus Package to Revive Economy, Markets Further listening:

Why China’s Investment Bankers Are Breaking Up With Capitalism

What Does China’s Economic Slowdown Mean For the Communist Party?

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