Why China’s Investment Bankers Are Breaking Up With Capitalism | Big Take Asia
Vložit
- čas přidán 2. 07. 2024
- One after another, bankers at China International Capital Corporation - China’s premier investment bank - are pledging loyalty to the Communist Party, underscoring a new reality for Wall Street-style capitalists in the era of Xi Jinping.
Today on The Big Take Asia, host David Gura speaks with Bloomberg’s Cathy Chan about the tug-of-war between communism and capitalism at the “Morgan Stanley of China,” and how politics are redefining Chinese finance.
#China #Asia #Finance #Capitalism #Communism
Listen to more Big Take: Asia: • Big Take Asia
A deep dive into understanding Asia and how it impacts the global economy and world of business.
Each weekday, The Big Take brings you one story-one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology-we cover it all on The Big Take.
Subscribe to Bloomberg Podcasts: bit.ly/BloombergPodcasts
Listen to more of The Big Take: • The Big Take
Visit us: www.bloomberg.com/podcasts
Follow Bloomberg Podcasts on Twitter: / podcasts
Visit our other CZcams channels:
Bloomberg Television: / @markets
Bloomberg Originals: / bloomberg
Quicktake: / @bloombergquicktake
For coverage on news, markets and more: www.bloomberg.com/video
#asia #news #podcast
Could be a smart move. After all, we've allowed the financial sector to purchase the government in the US, and you can see how that's worked out.
Don’t worry about China does wrong (Western media obsession), but worry about what it is doing right (e.g. becoming world’s largest auto exporter overnight); it has the talent pool and efficient deployment of resources. If one really thinks China cannot do anything right, then what’s with all the fuss?
Agreed. But efficient of deployment of resource is not necessarily the main objective in a world of economic sanctions and demonization.
@@olderchin1558 of course it is. Look at the money being channeled towards silicon development.
@@davidlai399 If you do some research on China's investment and it's success in chips tech, you will find that China really lost a lot of resources in failed investments and con jobs. Yet, China persist and now only because of sanctions and bans Chinese chip tech is taking off. Not efficient but definitely strategic.
@@davidlai399 There are a lot of wasted money early on. There was an article in English in 2021 by Technode analyzing the salary increases of Chinese chips industry on Chinese job boards. Most of the increases are in chip design not chip manufacturing. China is not really behind the west in design, so all that money just get pocketed by people already in the industry.
@@voidvector can’t necessarily call it wasted. They will throw everything at the wall and see what sticks. The scaling up part afterwards will make it all worth it. China’s talent isn’t at arriving first, but nobody can compete with scaling up and monopolising entire industries.
Bloomberg Propaganda 😂😂😂
WE AMERICANS ARE OBSESSED WITH IDEOLOGY. EMPTY WORDS LIKE LIKE DEMOCRACY FREEDOM AND CAPITALISM IS MEANINGLESS WHEN OUR CITIZENS ARE SUFFERING UNDER CRUSHING POVERTY AND DECLINING STANDARD OF LIVING..THE CHINESE ARE FOCUSED ON OUT COME AND IMPROVEMENT OF THE STANDARD OF LIVING FOR THEIR CITIZENS NOT EMPTY IDEOLOGICAL FUNDAMENTALISM WITH DISMAL RESULTS.
It's not China's problem, China is still active for collaboration and welcomes foreign investment and talent. Europians and other countries are using this opportunity, its just the US thats not allowing Chinese capital and not allowing US companies its investment in China. So i suggest look into the mirror
Not sure what an investment banker does without access to capital markets.
This is a time will tell issue'
I would never again deal with anyone who stole money from someone or from me. There is no coming back from that. Comprende?
Common poverty 😅
G7 countries countries are undergoing massive political upheaval due to “liberal democracy” and “unfettered capitalism”. Enjoy 🤡
Yes the WHOLE WORLD is rushing to share in the abject poverty that allows China dominate manufacturing and infrastructure.hahahadont worry tho,PNAC still want YOU