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2024-05-07 02:21:04

Yahoo Finance on Nostr: China's manufacturing won't fix consumer demand: Fmr. Australian PM ========== Former ...

China's manufacturing won't fix consumer demand: Fmr. Australian PM
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Former Prime Minister of Australia Kevin Rudd, currently the Ambassador of Australia to the US, explains at the 2024 Milken Conference that China's economic woes are due to a problem on the demand side of the economy, not the supply side. He expresses concern about China's medium-term growth trajectory and highlights China's industrial policy in areas such as electric vehicles, electronic devices, and semiconductors. Ambassador Rudd also mentions China's abundance of data and its impact on AI and data collection. The article does not provide specific dates or numbers.

#China #Manufacturing #ConsumerDemand #EconomicGrowth #IndustrialPolicy

https://finance.yahoo.com/video/chinas-manufacturing-wont-fix-consumer-232550502.html
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