2024-02-09 12:48:52
China is entering a new year, that of the wooden dragon. According to tradition, the dragon is admired and respected for its power, its determination, its optimism, its courage. It brings creativity, luck, success and… prosperity. What exactly is the common prosperity dear to President Xi Jinping? An economic and financial crisis threatens the second largest economic power in the world.
As proof, the financial markets are wavering, alerted by bad indicators. Is a Chinese-style stock market crash possible, while unemployment, particularly among young people, is intensifying, the real estate sector remains fragile (the liquidation of the developer Evergrande has left its mark), and the debt worries certain specialists?
OUR GUESTS :
– Dominique Jollyinternational management consultant, author of “The Chinese financial system” published by World Scientific
– Frédéric Lemaîtreformer correspondent for the newspaper Le Monde in Beijing (2018-2023), author “5 years in Xi Jinping’s China” published by Tallandier
– Stéphane LagardeRFI’s permanent correspondent in China.
Dominique Jolly and Frédéric Lemaître, guests of Éco d’ici Éco d’ailleurs around Bruno Faure. © RFI
Also listen to an interview with When Samba SyllaSenegalese economist, researcher within the international association of development economists. It first analyzes and, from an economic point of view, the postponement of the presidential election in Senegal: immediate consequences for activity and, in the longer term, for the attractiveness of the country. He then comments on the decision of the AES (Niger-Burkina Faso-Mali) to leave ECOWAS: commercial relations, market developments, creation of a new currency by the Sahelian States to replace the CFA franc.
Ndongo Samba Sylla, Senegalese economist. © RFI
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