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<\/p>\n<hr>\n<p><font size=\"-1\"><b>\u65b0\u95fb\u6765\u6e90\uff1a<\/b>www.bloomberg.com<br \/> <b>\u539f\u6587\u5730\u5740\uff1a<\/b><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2024-09-27\/inside-china-s-unusually-candid-stimulus-briefing-on-economy\" target=\"_blank\" rel=\"noopener\">Inside China\u2019s Unusually Candid Stimulus Briefing on Economy<\/a><br \/> <b>\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2024-09-27<br \/> <b>\u539f\u6587\u6458\u8981\uff1a<\/b><\/font><\/p>\n<pre style=\"white-space: pre-wrap;\">  Welcome to Next China. Each week, we take you inside the economic giant that is China. To subscribe to this newsletter directly, click .  This week, we delve into China\u2019s energetic moves to revive the economy, what might happen in a Trump-Xi phone call and peek over the Great Firewall.Hi, this is James Mayger in Beijing. When a big news story breaks, being the person telling the world is a great responsibility \u2014 and also incredibly stressful. When the central bank governor of the world\u2019s second-largest economy sits down at  and immediately starts announcing hundreds of billions of dollars in stimulus, it\u2019s certainly enough to get the adrenaline flowing. As I blogged just afterward: \u201cMy hands were shaking as I sent those headlines. What a bazooka from the central bank. I don\u2019t think I\u2019ve ever seen such an announcement before in China.\u201dIt certainly was  by Pan Gongsheng, timed for just before the opening of the stock market to start the day off well for investors. Stocks  once investors digested all the different measures, and billionaire investor David Tepper later said he was buying  related to China.The transparency of the briefing resembled that in other countries, especially with Pan staying around afterward to answer a few more questions from journalists, instead of giving prepared answers and then rushing off as is the custom in Beijing. That is especially striking in a country where , not easier, and more and more .One big difference is that unlike in the US or elsewhere, we still don\u2019t know much about what drives these big changes in China. Nothing that matters happens openly, although Bloomberg  that the sudden press conference and surprise announcements were the results of growing anxiety among the top leadership over whether they could hit their growth target for this year.Those decisions in the dark leave everyone at a bit of a loss to understand how the government can go from  the economy is posting \u201cstable growth\u201d on  to suddenly announcing rate cuts, , bank recapitalizations and  only 10 days later.Clearly, if officials from President Xi Jinping on down are now in agreement that the country needs all of that, things are much worse than they have been saying. The trillion yuan question now is: Will what was announced be enough or is more stimulus needed?The effect of the adrenaline rush the PBOC delivered quickly disappeared, leaving me feeling deflated and tired.But days after Pan\u2019s big briefing, Xi and his top policymakers  by vowing to support fiscal spending and stabilize the real estate sector.It\u2019s been a memorable week. We\u2019ll have to wait and see if it\u2019s remembered for helping turn the economy around.  What We\u2019re Reading, Listening to and Watching:Donald Trump has promised to call Xi  if he wins in November but the Republican nominee shouldn\u2019t be surprised if the Chinese leader isn\u2019t very cooperative, on trade at least.The former US president said during a campaign rally this week that he would phone his Chinese counterpart to discuss the so-called phase one trade agreement they reached in early 2020.Trump accused Xi of failing to honor a deal to buy $50 billion in US agricultural exports. China imported less than 60% of the promised goods and services \u2014 covering food, energy and manufactured products through December 2021.Taking just a few liberties, here\u2019s how we thought a chat between the leaders of the two superpowers might go:  Phone rings in Zhongnanhai.Trump: Pick up \u2026 pick up \u2026 pick up ...Xi (picks up on tenth ring): It is good to hear from you again my old friend. I was just about to call you to offer my congratulations on your remarkable victory and offer win-win cooperation in these complicated times unseen in a century.Trump: Thank you, President Xi. But let\u2019s cut to the chase. You made a deal to buy $50 billion worth of our farm products. I'm here to collect on behalf of the American people.Xi: We have a Chinese saying for this \u2014 bi shang liang shan. For you that pretty much means \u201cmake me.\u201d We had little choice but to agree to avoid more unreasonable tariffs. Have you rolled back your import duties? No. And now you are  on all of our goods. Of course, we would have to retaliate in kind.Trump: In that case, may the best man \u2014 or country \u2014 win.Xi: Later.  Call ends.Hypotheticals aside, neither country stands to benefit from another prolonged trade war. Bloomberg economist Tom Orlik says an across-the-board tariff of 60% would likely  to the US almost entirely, while similar levies on US shipments to China would take US sales down to zero \u2014 an annual loss of about $150 billion.Orlik also wrote that \u201cthe next US president would be well-advised to spend more time and energy on speeding America\u2019s advance and less on trying to slow China\u2019s.\u201d  A weekly look at an item that\u2019s been big water cooler news in China.The recent stabbing death of a Japanese boy while on his way to school in the southern tech hub of Shenzhen has put China\u2019s patriotic education system in the spotlight.Following China\u2019s bloody crackdown on protesters in Tiananmen Square in 1989, the Communist Party decided it needed to do more to ensure its people were loyal. That led to what the party calls \u201cpatriotic education\u201d from the youngest students to those in university, something also .While some complain the classes are mind-numbingly boring, they\u2019re also effective at drilling key facts into youngsters\u2019 heads. It\u2019s easy to find people who can, for instance, rattle off important dates in what China refers to as the War of Resistance Against Japanese Aggression.One of those is Sept. 18, which marks the anniversary of Japan\u2019s invasion of Manchuria in 1931. That date is now National Defense Education Day, a point authorities pound home by sounding sirens in cities across the country. Sept. 18 was also when the 10-year-old child was  in Shenzhen, though authorities have not given his motive and likely never will.The killing is fueling concern that China\u2019s education system is teaching hate that leads to violence. Earlier this year, a Japanese woman and her child were attacked by a Chinese man with a knife, resulting in the death of a school bus attendant. Some American college teachers were also slashed while walking in a park, though fortunately no one died.China has  that there\u2019s a link between what is taught in the classroom and the spate of violence. It has said both incidents involving Japanese people were isolated.\u201cThere is no so-called Japan-hating education in China,\u201d Foreign Ministry spokesman Lin Jian said this week. \u201cWe advocate learning from history, not to perpetuate hatred, but to prevent the tragedy of war from happening again.\u201dTo their credit, China\u2019s internet authorities have been cracking down on social media accounts that spew anti-Japanese sentiment.But they are also clamping down on widespread calls by ordinary people to reflect on how they view history and Japan. Censors have even purged a letter purportedly written by the Japanese 10-year-old\u2019s father who said he wouldn\u2019t stand behind hate of either China or Japan.His child\u2019s death in Shenzhen \u2013 a gleaming city that stands for the best of what China has accomplished in more than four decades of opening up \u2013 is a black mark for the ruling Communist Party and what it instills in its people. Muzzling discussion about a better way to teach people important history makes it even worse.<\/pre>\n<p><\/p>\n<div style=\"margin: 20px 0;\"><div class=\"qrcswholewtapper\" style=\"text-align:left;\"><div class=\"qrcprowrapper\"  id=\"qrcwraa2leds\"><div class=\"qrc_canvass\" id=\"qrc_cuttenpages_2\" style=\"display:inline-block\" data-text=\"https:\/\/news.tomjun.com\/?p=2290\"><\/div><div><a download=\"\u4e2d\u56fd\u7ecf\u6d4e\u7279\u522b\u76f4\u767d\u7684\u523a\u6fc0\u653f\u7b56\u7b80\u4ecb.png\" class=\"qrcdownloads\" id=\"worign\">\r\n           <button type=\"button\" style=\"min-width:200px;background:#44d813;color:#000;font-weight: 600;border: 1px solid #44d813;border-radius:20px;font-size:12px;padding: 6px 0;\" class=\"uqr_code_btn\">\u6587\u7ae0\u4e8c\u7ef4\u7801<\/button>\r\n           <\/a><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>\u6b22\u8fce\u6765\u5230Next China\uff01\u6bcf\u5468\uff0c\u6211\u4eec\u90fd\u4f1a\u6df1\u5165\u5256\u6790\u8fd9\u4e2a\u5168\u7403\u7b2c\u4e8c\u5927\u7ecf\u6d4e\u4f53\u2014\u2014\u4e2d\u56fd\u7684\u53d1\u5c55\u8109\u7edc\u3002\u82e5\u60a8\u5e0c\u671b\u76f4\u63a5\u8ba2\u9605\u6211 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[79],"tags":[1711,2754,3578,3577,2411],"class_list":["post-2290","post","type-post","status-publish","format-standard","hentry","category-79","tag-china","tag-economy","tag-education","tag-politics","tag-trade"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/2290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2290"}],"version-history":[{"count":1,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/2290\/revisions"}],"predecessor-version":[{"id":2291,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/2290\/revisions\/2291"}],"wp:attachment":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}