Mariko Oi
👤 PersonAppearances Over Time
Podcast Appearances
It's things like crude oil, natural gas, other commodities like copper and iron ore. While interestingly, they're still importing more coal and soybeans. So it might be that demand in the world's second biggest economy is really slowing down. Also, it's interesting to note that exports grew by a lot less than what economists had anticipated.
It's things like crude oil, natural gas, other commodities like copper and iron ore. While interestingly, they're still importing more coal and soybeans. So it might be that demand in the world's second biggest economy is really slowing down. Also, it's interesting to note that exports grew by a lot less than what economists had anticipated.
Now, one can argue that economists just got it all wrong. But still, it is quite worrying because, as you said, the economy, the Chinese economy is facing many other challenges, not to mention this intensifying trade war with the United States.
Now, one can argue that economists just got it all wrong. But still, it is quite worrying because, as you said, the economy, the Chinese economy is facing many other challenges, not to mention this intensifying trade war with the United States.
Yes, absolutely. We've been talking about that ongoing property sector crisis for many years now. Basically, the sector has a huge debt. And as a result, a lot of the developers have defaulted. The Chinese government has been trying to restructure the sector, but that hasn't really worked out just yet. And that's kind of spread into how people feel about it.
Yes, absolutely. We've been talking about that ongoing property sector crisis for many years now. Basically, the sector has a huge debt. And as a result, a lot of the developers have defaulted. The Chinese government has been trying to restructure the sector, but that hasn't really worked out just yet. And that's kind of spread into how people feel about it.
So consumers haven't been spending a lot of money because they don't feel too confident about the economy. And also, the very high, especially youth unemployment rate has been noticed as well by many economists. So there have been many, many issues that are facing the Chinese economy. And then here comes a tariff.
So consumers haven't been spending a lot of money because they don't feel too confident about the economy. And also, the very high, especially youth unemployment rate has been noticed as well by many economists. So there have been many, many issues that are facing the Chinese economy. And then here comes a tariff.
So it's really interesting that just yesterday, the Chinese leaders have unveiled that they're at around 5% this year. And that's practically the same goal that they had for last year. And they just managed to hit that last year after pumping in billions of dollars into the economy to stimulate the economy.
So it's really interesting that just yesterday, the Chinese leaders have unveiled that they're at around 5% this year. And that's practically the same goal that they had for last year. And they just managed to hit that last year after pumping in billions of dollars into the economy to stimulate the economy.
So you know, with all these additional challenges, it will be quite a huge task for Beijing to actually achieve that target.
So you know, with all these additional challenges, it will be quite a huge task for Beijing to actually achieve that target.
Well, I think it's fair to assume that they will probably announce even more stimulus measures. You know, they have been announcing quite a lot of them, but many economists and especially investors haven't been too happy with them, that they've been saying that Beijing needs to do more, something more radical to try and boost the economy.
Well, I think it's fair to assume that they will probably announce even more stimulus measures. You know, they have been announcing quite a lot of them, but many economists and especially investors haven't been too happy with them, that they've been saying that Beijing needs to do more, something more radical to try and boost the economy.
on the Canadian economy, the Mexican economy, the Chinese economy, it will be really, really significant. But at the same time, the impact on the US economy is also something that economists have been warning about as well. But let's start off with Canada and Mexico, because the three countries, they have deeply integrated economies with an estimate of $1.2 billion worth of manufactured goods
on the Canadian economy, the Mexican economy, the Chinese economy, it will be really, really significant. But at the same time, the impact on the US economy is also something that economists have been warning about as well. But let's start off with Canada and Mexico, because the three countries, they have deeply integrated economies with an estimate of $1.2 billion worth of manufactured goods
crossing the borders every day. So you can see the sheer volume, the amount of products that get exported, imported between those countries. So for example, if you look at Mexico, for example, it accounts for nearly 80% of delivery trucks being imported into the United States. As for Canada, it accounts for, of course, about 60% of crude oil.
crossing the borders every day. So you can see the sheer volume, the amount of products that get exported, imported between those countries. So for example, if you look at Mexico, for example, it accounts for nearly 80% of delivery trucks being imported into the United States. As for Canada, it accounts for, of course, about 60% of crude oil.
So for Canada, they do actually have a nuclear option of restricting access to energy, but that would be really contentious. So they haven't gone down that road. And Canada has so far announced retaliatory tariffs on certain products that are worth about 100 billion US dollars. China has also announced the retargeting measures.
So for Canada, they do actually have a nuclear option of restricting access to energy, but that would be really contentious. So they haven't gone down that road. And Canada has so far announced retaliatory tariffs on certain products that are worth about 100 billion US dollars. China has also announced the retargeting measures.