Why China Doesn't Care About the Stock Market

China Beige Book CEO Leland Miller explains why China's real estate sector meltdown and stock market rout are not going to influence the country's authorities to stray from long-term security and economic goals. Leland speaks with Tom Keene and Paul Sweeney on Bloomberg Radio.
Get more on the Bloomberg Surveillance Podcast:
Apple: bit.ly/3OPtReI
Spotify: bit.ly/42xmHPz
Anywhere: bit.ly/3oOD8ZH
--------
Get more on the Bloomberg Surveillance Podcast
On Apple: bit.ly/3OPtReI
On Spotify: bit.ly/42xmHPz
Anywhere: bit.ly/3oOD8ZH

Пікірлер: 146

  • @BillyeFuson2
    @BillyeFuson23 ай бұрын

    It took me five years to realize the futility of trying to predict market movements solely based on chart analysis. The unpredictability of the market made it clear that such predictions are unreliable. The absence of a mentor during that period resulted in five years of painful experiences. However, I eventually learned to align myself with the direction the market wanted to go and adopt a simpler, disciplined approach.

  • @LarryAnthony-ut8ok44

    @LarryAnthony-ut8ok44

    3 ай бұрын

    The reality is that nobody possesses all the answers. It is essential to establish your own process, effectively manage risk, and remain committed to your plan regardless of the circumstances. This requires a willingness to learn from mistakes and constantly improve your approach.

  • @JerryLuca-nm9ru55

    @JerryLuca-nm9ru55

    3 ай бұрын

    It may be beneficial to consult with a financial advisor who can provide personalized guidance based on your individual circumstances and goals.

  • @JerryLuca-nm9ru55

    @JerryLuca-nm9ru55

    3 ай бұрын

    STEPHINE KOPP MEEKS she is whom i work with look her.

  • @DucaTech
    @DucaTech4 ай бұрын

    Most of the strategic industries are state-owned, not publicly listed. Stock market does not represent the Chinese economy.

  • @dongshengdi773

    @dongshengdi773

    4 ай бұрын

    That's why it's going to fail. Socialism never succeeded

  • @tombrunila2695

    @tombrunila2695

    4 ай бұрын

    And ALL industries from the smallest to the biggest in under total control of the communist party!

  • @papabear90
    @papabear904 ай бұрын

    China is playing a whole different game to the west, Western analysts are baffled.

  • @skydragon23101979

    @skydragon23101979

    4 ай бұрын

    These economists are such short term looking. They are not looking past their toes into the wider geopolitics and the revolution to energy that is coming straight at them at breakneck speeds.

  • @dongshengdi773

    @dongshengdi773

    4 ай бұрын

    Yes baffled that China is going back to the cultural revolution that failed china's economy. Foreign Direct Investments and capitalism helped make China rich.. Without the West as its customers, china is nothing. It will fail just like North Korea did through isolation.

  • @jesselivermore2291

    @jesselivermore2291

    4 ай бұрын

    what game is that, please enlight us, because jim chanos whos been around for a awhile and knows a thing or two, said that what is going on in china would happend exactly like it did, he even named the companies going to 0 and they did, so tell us about your theories i want to know and learn something new.

  • @luan6624

    @luan6624

    3 ай бұрын

    as chinese citizen, I also don’t understand. Quite confuse about it.

  • @Matteo-xz9xr

    @Matteo-xz9xr

    3 ай бұрын

    China is a communist country. Communism is a western idea.

  • @BeelP.
    @BeelP.4 ай бұрын

    Why is the Chinese govt not bothered about the stock market? The stock market is not the economy. Case in point - the Nikkei 225 is nearing fresh record highs even as Japan entered its latest recession. China does not need to juice its exports. In a way, the US tech blockade that just nuked China's huge chip imports and triggered import substitution helped tremendously, so China's trade surplus is fairly steady despite slower exports. It is NET EXPORTS that count in national income accounting after all.

  • @jesselivermore2291

    @jesselivermore2291

    4 ай бұрын

    you are wrong the stock market is the economy, its the earnings, consumption, investment, inflation, debt.

  • @Samoasoa

    @Samoasoa

    4 ай бұрын

    @@jesselivermore2291 its is the wall street rich pundits that benefited most if the stock does well, not the man on the street.

  • @jesselivermore2291

    @jesselivermore2291

    4 ай бұрын

    the man on the street works for companies in the stock market, if the companies go down so will he.

  • @NoBullshitU

    @NoBullshitU

    3 ай бұрын

    @@jesselivermore2291 are you a baby? Companies can delist and go private if they want to or have to like Twitter. Private companies can go bankrupt and disappear. Society and economy don't really need stock market, it does not have to exist if we don't want to.

  • @zenlei8258

    @zenlei8258

    3 ай бұрын

    @@jesselivermore2291 Not anymore. There are more than 50 million Americans on food stamps with no permanent jobs.

  • @zaree7040
    @zaree70404 ай бұрын

    Have yall caught wind of monicamary strigle? word is, she executed a successful short position on the Chinese Index, yielding an impressive 185%gain 5wks ago, before china-stocks reversed course to rise.

  • @katharinamazepa7920

    @katharinamazepa7920

    4 ай бұрын

    Really? Shorting the Chinese Index is a bold move, especially with the complexities of that market. What trading strategies did she employ to achieve such substantial gains?

  • @cruz3076

    @cruz3076

    4 ай бұрын

    I heard about monica via Reuters. Her approach involved an in-depth analysis of economic indicators, meticulous tracking of global trends, and identifying vulnerabilities in the Chinese market. She strategically executed short positions to capitalize on the anticipated downturn.

  • @vincentchan5773

    @vincentchan5773

    4 ай бұрын

    Impressive, but shorting comes with its own set of risks. Did she share any insights on risk management or how she navigated the challenges?

  • @zaree7040

    @zaree7040

    4 ай бұрын

    Absolutely. Strigle emphasized diversification within her portfolio and maintaining constant vigilance over market conditions and stayed attuned to geopolitical developments that could impact the chinese market.

  • @katharinamazepa7920

    @katharinamazepa7920

    4 ай бұрын

    Smart risk mitigation. It's crucial to stay informed and adapt strategies. Do you know if she plans to share more insights or if this was a one-time play?

  • @FXT130
    @FXT1304 ай бұрын

    Housing is for living not for speculation

  • @ShnNar1000x
    @ShnNar1000x4 ай бұрын

    Why we bother listening to Westerners try to explain China's economy is a mystery. This guy is a bit better than most in that he gets that China has different priorities, but he still can't help but employ his Western-centric ideas of how economies work. Let's talk in about five years. It's then that we will have a real idea about how China is doing. Also, it's worth noting that almost the entire rest of the world is falling into recession and American growth is mediocre and plagued with underemployment. The US stock market is doing well but average people are not and the US just keeps borrowing to keep itself going. So, by that standard, it's hard to look at China as having unique problems.

  • @wvhaugen

    @wvhaugen

    4 ай бұрын

    Good points. The key to the future is managing a contracting economy. China is ahead of the game. In the West, France is doing the best, but still not as good as China.

  • @guydreamr

    @guydreamr

    2 ай бұрын

    The United States is in fact experiencing the fastest economic growth among all the advanced economies. As far as predictions go, one need not wait five years to compare China with the fate of another Asian giant built on export-led growth. How's the economy of Japan been working out?

  • @tonycaine5930
    @tonycaine59303 ай бұрын

    I see the Devil of this world. That Devil does not come in a bright red suit and a pitch fork. That Devil comes preaching "freedom, democracy and human rights". And it achieved those with endless wars.

  • @oleotoleo3414
    @oleotoleo34144 ай бұрын

    Why should the buying and selling of stocks be important?

  • @man-by9iz

    @man-by9iz

    4 ай бұрын

    Well it’s obviously very important to the people but the government gets tax income from capital gains tax

  • @brunoheggli2888

    @brunoheggli2888

    4 ай бұрын

    So how should chinease invest their money for retirement!Buying gold?

  • @knowledgehub1956

    @knowledgehub1956

    4 ай бұрын

    stock market is place of most corrupt people in the US , they do nothing but stealing and manipulating prices

  • @dongshengdi773

    @dongshengdi773

    4 ай бұрын

    ​@@brunoheggli2888Chinese people only buy properties, which has already collapsed. Without stocks , there would be not much manufacturing.

  • @18francesco18

    @18francesco18

    4 ай бұрын

    @@man-by9iz what people? what percentage of people buy and sell stocks? In my country I don't know anyone who does. The stock market is basically a casino for rich people with a lot of money to throw away betting on stocks and it creates nothing of value, outside of IPOs it's basically a casino for rich people.

  • @leaprotein2009
    @leaprotein20094 ай бұрын

    If you look at the historic Chinese economy vs China stock, there’s a negative correlation😂😂 He’s right. China always put manufacturing on the top priority.

  • @dongshengdi773

    @dongshengdi773

    4 ай бұрын

    China's customer is america, so no more manufacturing, no more customers

  • @DarkVader-jj4dt
    @DarkVader-jj4dt4 ай бұрын

    Americans want to stop worrying about China's economy and fix their own.

  • @guydreamr

    @guydreamr

    2 ай бұрын

    Contrary to reports of their imminent demise which have been circulating since at least the Civil War, Americans can walk and chew gum at the same time and China is a great power which needs to be evaluated. Or as the great Chinese general Sun-Tzu said, "knowing yourself and knowing your adversary, in 100 battles no danger." - _The Art of War_

  • @sct06
    @sct064 ай бұрын

    One can increase the buying power by giving money to the consumes, which is what the US did , but one can also increase employment by getting them to build useful infrastructure for the future, which is what China does.

  • @phillip76

    @phillip76

    4 ай бұрын

    Chinese policyu is not supporting property.

  • @ssuwandi3240

    @ssuwandi3240

    4 ай бұрын

    Correct. One can learn the perks or the bet on the price of credit, albeit NOT guaranteed like a deposit fixed rate but a premise of consumption via a vis a debt based economy. Nowhere the premise says about the real growth but high spending on the backdrop of higher debts. Again the core of the premise is actually the confidence to give the bankers easy money for flipping houses or buying back stock. No job growth was created but the bankers still made money 😂 That's my friend is called Credit Ponzy

  • @dongshengdi773

    @dongshengdi773

    4 ай бұрын

    Chinese infrastructure is totally useless, ever heard of tofu roads and bridges ? High speed rails to nowhere? Ghost cities?

  • @kimcissell1905

    @kimcissell1905

    4 ай бұрын

    Clearvaluetax is informative.

  • @guydreamr

    @guydreamr

    2 ай бұрын

    True to a point, however Chinese infrastructure is now completely built-out, unless China wants to start constructing literal bridges to nowhere.

  • @thiosemicarbizidebenzoylal2921
    @thiosemicarbizidebenzoylal29214 ай бұрын

    The Chinese economy has production sewn up, and technically that is all you need to be a rich country. The U.S only produces weapons and some farm goods, but Brazil is more important in that regards. Why worry unless the entire society is willing to go back to pre digital living, and even then China will be making 90 percent of the shovels around the world. Reagan made people think production doesent matter, but actually its everything to be a rich country.

  • @billbogg3857

    @billbogg3857

    4 ай бұрын

    China has production sewn up..... Your thoughts echo those of the Qianlong Emperor in 1797.

  • @Walawala459
    @Walawala4594 ай бұрын

    Boring boring, if you are so good, how come your economy in such mess ?

  • @jameswong07

    @jameswong07

    4 ай бұрын

    Ya , America economy in such a mesh , better take care your own internal matters 😂❤

  • @Anonymous------

    @Anonymous------

    4 ай бұрын

    5% growth in GDP is bad economy? You need to go back school. 😂

  • @jesselivermore2291

    @jesselivermore2291

    4 ай бұрын

    so consumption is down, whole housing market collapsed and exports and fdi is stgnated so where is the growth coming from? its coming right out of ccp bs school economics lol@@Anonymous------

  • @finkomsky

    @finkomsky

    3 ай бұрын

    2%

  • @kimmeelee9758
    @kimmeelee97583 ай бұрын

    4.6-5% is "economy slowing quite dramatically"? Now compare to the US economy. Crazy take, Bloomberg!!! 😂

  • @gmac8586
    @gmac85864 ай бұрын

    They just can't see any other way of moving than their financing hocus pocus. It's hilarious watching their befuddled confused dumbfoundedness!

  • @silversurfergw
    @silversurfergw4 ай бұрын

    Financial resources are being channelled towards manufacturing and industry, speciacially new techs.

  • @vincentlin9350
    @vincentlin93503 ай бұрын

    Wrong title leads to wrong conclusion. China do care their stock market but rather not being harvested by the U.S. So timing is important, not now.

  • @guydreamr
    @guydreamr2 ай бұрын

    One of the best 5-minute summaries of where the Chinese economy is at and why that I've heard in awhile.

  • @delmaregals
    @delmaregals3 ай бұрын

    Finally sounds like a proper report would like to hear and acknowledge of the actual situation. Not like many other channels sounding like everyone are collapsing..

  • @user-ck6bf3ke1w
    @user-ck6bf3ke1w4 ай бұрын

    Sounded just like something I would overhear on my lunch-break at work around the coffee machine.

  • @Anonymous------

    @Anonymous------

    4 ай бұрын

    Now most coffee machines are made in China. 😂

  • @wvhaugen

    @wvhaugen

    4 ай бұрын

    Thank god I don't have work or a lunch break or a coffee machine anymore!

  • @jackjhmc820
    @jackjhmc8204 ай бұрын

    anyone who studied chinese stock market a decade ago, like 2014, knows chinese stock market has been going sideways for a long time. japan also has been going sideway too for like more than 2 decades. Stocks for the long run sadly only works well in America, and not necessarily true in other nations.

  • @IA100KPDT

    @IA100KPDT

    4 ай бұрын

    Nope, its the FED printing money to pump up the market. Else its as dead as a corpse. See the gamestop shares? when fed gives free money, a useless stock can also go to the moon.

  • @luan6624
    @luan66243 ай бұрын

    l have to said,I totally agreed with Leland.

  • @gregwang8628
    @gregwang86283 ай бұрын

    Ordinary people’s livelihoods are far more important to the Chinese government than the local stock market. If the ordinary people’s livelihoods are good and prosperous and stable, then everything else will fall into places! Simple, yeah?😂

  • @Samoasoa
    @Samoasoa4 ай бұрын

    The unprecedented growth of China has consistently defied predictions by Western-educated experts. Given this track record, it's questionable whether these experts can accurately project or fully comprehend the potential trajectory of the Chinese economy.

  • @MetaView7
    @MetaView73 ай бұрын

    I am so sad to see this man is the CEO of the CBB. Sad. You cannot find someone more clueless about the Chinese Way than this man.

  • @wvhaugen
    @wvhaugen4 ай бұрын

    It sounds to me like China is making the smart move in not worrying about the stock market and the consumer economy. China will never have an overshot consumerism like the US simply because there is not enough cheap oil left. They are smart to cut bait. As Leland said at the end, now is a good time to do it.

  • @anassbellachehab9821
    @anassbellachehab98214 ай бұрын

    There is an addiction to debt fueled growth that has to be stopped. US and China are both leveraged but on opposite ends of the spectrum in terms of consumer vs public investement stimulus. Now both want to end the stimulus addiction but resist change in the system.

  • @dongshengdi773

    @dongshengdi773

    4 ай бұрын

    America has the ability to earn But not China

  • @anassbellachehab9821

    @anassbellachehab9821

    4 ай бұрын

    @@dongshengdi773 They will be ok, but certainly not as good as before. They moved a lot of their manufacturing to Mexico. In fact, its a good chunk of Mexico's exports now. Same with Thaïland, Vietnam, the middle east soon.

  • @footloose1187
    @footloose11874 ай бұрын

    These guys are clueless!

  • @marcanthony8873
    @marcanthony88734 ай бұрын

    They’re not going to stop juicing the supply side either. In a war, the nation that can produce the most usually wins. They want to maintain this edge at all costs.

  • @kimmeelee9758
    @kimmeelee97583 ай бұрын

    Bloomberg hubris! Good for China!😉😊

  • @bannedeverywhere
    @bannedeverywhere2 ай бұрын

    When losers fail at something they usually pretend they 'don't care' about the stuff lol

  • @tttuu3309
    @tttuu33093 ай бұрын

    I hate when biases politics is used in a finance video

  • @kimcissell1905
    @kimcissell19054 ай бұрын

    Economic collapse countdown. Too many trillions of unsustainable debt. 😢😮

  • @SPECIALTRADER1

    @SPECIALTRADER1

    3 ай бұрын

    😂😂😂😂😂 they've been saying that for years.

  • @thyagarajesh184
    @thyagarajesh1844 ай бұрын

    There is nothing left in China to make money as a foreigner. Hence don't waste time, just move on.

  • @ahmedchowdhury3391
    @ahmedchowdhury33914 ай бұрын

    Don't care about anything we need one billion money jagx 200x potential phase 3data coming

  • @adis.g6569
    @adis.g65693 ай бұрын

    Simple, in China, corporations bow to the state, while in murica, corpos own the state

  • @linux5202
    @linux52024 ай бұрын

    Excellent analysis.

  • @dongshengdi773

    @dongshengdi773

    4 ай бұрын

    Wrong . Totally

  • @muomu
    @muomu4 ай бұрын

    美国的钱都在股市里,可中国的钱都在美国,所以中国不关心股市😂

  • @jmyli

    @jmyli

    4 ай бұрын

    真是天才才能说出的结论

  • @xh3598
    @xh35984 ай бұрын

    Over the past two decades, China has made significant strides in replicating and sometimes surpassing Western technology, marking a notable accomplishment in its efforts to modernize infrastructure. Additionally, China has strategically acquired substantial reserves of gold and US Treasury bills, bolstering its economic stability. While concerns persist about the resilience of China's stock market, it's important to note that the country has demonstrated resilience in the face of economic challenges before, notably during the period of centralized economic planning under the leadership of the Communist Party. This resilience, often associated with the era of the 'Little Red Book,' suggests that China possesses a capacity to weather financial storms and adapt to changing circumstances. Over the past two decades, China has not only replicated Western technology but has also made significant strides in modernizing its army, navy, and air force. With the second-largest military budget globally, trailing only behind the United States, China has been able to bolster its military capabilities significantly. This investment has enabled China to enhance its defense infrastructure, develop advanced weaponry, and expand its naval presence in regions like the South China Sea. As a result, China's military prowess has become a significant factor in global geopolitics, challenging traditional power dynamics and shaping regional security strategies.

  • @jesselivermore2291

    @jesselivermore2291

    4 ай бұрын

    tell me a chinese company that is better then a western company in anything.

  • @titusp9488
    @titusp9488Ай бұрын

    This clearly did not age well.

  • @chaoyoong9987
    @chaoyoong99874 ай бұрын

    there are no economists nor bankers that experienced the hybrid of merging capitalism into socialism. This is an experience never forgotten because there were no systematic educated bankers and economists advising govt. So it is the wild wild west mentality and those sophisticated polished institutional investors have seen how they can reaped windfall profits by whacking the currencies and economy and industrial base...it will take 20 yrs before this current mess will be cleaned up...socialism system can never co-exist with capitalism however in the heyday of opening up - the sky is the limit only to realize that was virtual and has come home to roost. someone drew the 3 red lines but never had alternative Plan B to counter with green lines... now having blown the real estate sector which bled into the financials such as banks and shadow banks and vanishing of $7 trillion from HKSE...no Nobel Prize economists nor bankers can rescue the chinatic sinking to the bottom for the next century

  • @AWayOfLiving84
    @AWayOfLiving843 ай бұрын

    🌏🕵🏻‍♂️ people hey

  • @muomu
    @muomu4 ай бұрын

    如果你知道中国有多少资产在美国,你就知道中国为什么不关心股市了😂

  • @beerkegaard
    @beerkegaard4 ай бұрын

    Some hot takes from these boomers 😂

  • @rimiko86
    @rimiko863 ай бұрын

    ppl are forgot something lol stock markers are played BY RICH PPL .... rich ppl controls the market the way they want....

  • @sanjinaershad1609
    @sanjinaershad16092 ай бұрын

    Well ato serious kn, they are still in jahannam.

  • @qake2021
    @qake20214 ай бұрын

    👍👍‼️🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👏👏👏

  • @neutral6941
    @neutral69414 ай бұрын

    How does xi jinping and the ccp not care about how the stock market goes? China's economy is going down and helping some countries with money, China has 2 care or they will be poor.

  • @SPECIALTRADER1

    @SPECIALTRADER1

    3 ай бұрын

    China does not work like Western society wants them too. China doesn't care about the stock market like you think. These economists are baffled and they've been saying this for decades.smh

  • @paulyang3314
    @paulyang33144 ай бұрын

    This guy is exactly right. The government thinks it is doing a fine job and common people feel the pain is all induced by foreigners.

  • @podadi
    @podadi4 ай бұрын

    what BS

  • @billtsui2171
    @billtsui21713 ай бұрын

    虛妄

Келесі