Why China’s Investment Bankers Are Breaking Up With Capitalism | Big Take Asia

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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.
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Опубликовано:

3 июл 2024

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Комментарии : 23

@stevebeschakis9775 2 дня назад

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.

@davidlai399 6 дней назад

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?

@olderchin1558 6 дней назад

Agreed. But efficient of deployment of resource is not necessarily the main objective in a world of economic sanctions and demonization.

@davidlai399 6 дней назад

@@olderchin1558 of course it is. Look at the money being channeled towards silicon development.

@olderchin1558 5 дней назад

@@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.

@voidvector 2 дня назад

@@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.

@davidlai399 2 дня назад

@@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.

@thomasrogers9146 2 дня назад

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.

@roro4787 4 дня назад

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

@peterl545 5 дней назад

Not sure what an investment banker does without access to capital markets.

@realdemocracy11 День назад

This is a time will tell issue'

@roro4787 4 дня назад

Bloomberg Propaganda 😂😂😂

@back2basics597 2 дня назад

I would never again deal with anyone who stole money from someone or from me. There is no coming back from that. Comprende?

@SSYlist 6 дней назад

Common poverty 😅

@Western_Decline 6 дней назад

G7 countries countries are undergoing massive political upheaval due to “liberal democracy” and “unfettered capitalism”. Enjoy 🤡

@ischnegg7928 5 дней назад

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