Should Putin Worry about XI? | David Woo скачать в хорошем качестве

Should Putin Worry about XI? | David Woo

In 2024, China's economic outlook is showing significant signs of strain, with several key indicators pointing to a deepening crisis. One major issue is the intervention of China's central bank policies in the financial markets. In an effort to stabilize the economy, the central bank has been actively involved in various markets, including selling bonds to address what it calls the Chinese bond bubble, which has raised concerns about the future of its financial stability. This move suggests a reactive rather than proactive approach to the country’s economic challenges, hinting at China's policy inaction in addressing the broader slowdown. China’s energy transition is another factor contributing to economic challenges. With the rapid growth of electric and hybrid vehicles, China's oil demand has dropped significantly, impacting China’s role in global oil markets. This decline in oil imports has affected Russia's oil exports to China, given that Russia has become heavily reliant on Chinese demand for its oil following Western sanctions. The situation has created potential instability in Russia's economy, especially since Russia's oil price forecast remains uncertain due to fluctuating global oil prices. The recent OPEC oil production cuts did little to stabilize prices, and Russia's oil price collapse remains a concern for both economies. Domestically, China's economy is facing a crisis of Chinese consumer confidence. With consumers opting to save rather than spend, China's household savings rate has risen to record levels. This conservative financial behavior reflects the population’s pessimism about future economic conditions. The government's policy response to economic slowdown has so far failed to inspire confidence, and measures such as lowering mortgage rates and offering cash subsidies for vehicle purchases have not been enough to reverse the negative trend. Despite this, a Chinese stock market recovery seems unlikely in the near term, as the market remains one of the worst performers globally. This, combined with stagnating car sales, suggests that the overall recovery will take time. China’s energy transition has also affected the global oil market. As China reduces its reliance on crude oil and increases its natural gas imports, global demand for oil is decreasing, creating a ripple effect across the energy sector. This shift has contributed to growing uncertainty in the global commodities outlook, which has been further exacerbated by China's geopolitical tensions with the United States and other Western nations. Additionally, the broader global economy is feeling the effects of China vs global markets, particularly with regard to commodities such as oil, iron ore, and copper. Slower growth in China could lead to lower demand for these commodities, driving down prices and impacting economies that rely on exports to China. In summary, China's inflation remains low, but the country’s economic challenges are mounting. The combination of declining oil demand, financial instability, and Russia's oil dependency on China creates a complex scenario. Without significant changes in policy and economic management, China risks further economic decline, with serious consequences for the global market. David Woo, a former top-ranked Wall Street global macro strategist, tells it as it is. You may not agree with everything he says but he will make you reassess everything you thought you knew. #ChinaEconomicCrisis #GlobalOilMarket #ChinaPolicyChallenges Chapters: 0:00 Intro 0:49 Heading for Disaster 2:45 China Going Green? 5:01 What Will China Do? 7:19 China’s Blindness 9:30 My Predictions Subscribe: https://www.youtube.com/c/DavidWooUnb... Useful links: • LinkedIn:   / david-woo-1479a492   • Twitter:   / davidwoounbound   • Instagram:   / davidwoounbound   • Spotify: https://open.spotify.com/show/75kaRtk... • Wikipedia: https://en.wikipedia.org/wiki/David_Woo . RIWI-Unbound: https://riwi.com/compass-series