Animal Spirits and Xi Bull Market 2.0; Plans for the Property Sector; US-China Updates; Xi and the Succession Question

Sharp China with Bill Bishop

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Bill Bishop is the author of Sinocism

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On today's show Andrew and Bill begin with revived animal spirits and the market response to the stimulus measures emerging from Beijing. Topics include: The September Politburo meeting as a sign of the government's commitment, why the capital markets may be a security priority for Xi, what might have motivated the sudden policy shift at the top, and parallels to the market responses in 2014. From there: The property sector and the multi-layered problem policymakers are attempting to solve, Blinken meets with Wang Yi in New York but still no word on a phone call between President Biden and Xi Jinping, a PRC nuclear submarine sinks, and a question about succession in the event of Xi's passing.

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@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

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Xi bull market 2.0?; More support for real estate; Wang Yi meets Blinken — Sinocism

More special bonds for fiscal stimulus?; Stock market surge; Water-filled submarine; MSS mad at New Zealand; Raising money by detaining private entrepreneurs — Sinocism

China stocks surge in biggest single-day rally since 2008 on stimulus cheer — Reuters

And Just Like That, China Did a Policy U-Turn (Again) — Wall Street Journal

China’s Housing Glut Collides With Its Shrinking Population — Wall Street Journal

Secretary Blinken’s Meeting with People’s Republic of China (PRC) Director of the CCP Central Foreign Affairs Commission and Foreign Minister Wang Yi — U.S. Department of State

China’s Newest Nuclear Submarine Sank, Setting Back Its Military Modernization — Wall Street Journal

China concealed sinking of newest nuclear submarine, U.S. says — Nikkei Asia

Xi Jinping’s Succession Dilemma — Asia Society