Name: 習主席的新經濟計劃引發中國高薪工人的危機 (President Xi's New Economic Plans Spark A Crisis for China's Best-Paid Workers)
Uploaded: 2024-09-19T03:11:51.000Z
Duration: 3 min 54 s

情態副詞

I see investing in China as largely a very attractively priced place that now has a lot of questions regarding the issues that I've just referred to.

在我看來，投資中國在很大程度上是一個價格非常有吸引力的地方，但現在在我剛才提到的問題上存在很多問題。

In other words, the economic issues and the political issues regarding property rights and whether it's still glorious to be rich and how that'll work.

換句話說，就是關於財產權的經濟問題和政治問題，以及致富是否仍然光榮，以及如何實現致富。

轉承詞

Therefore, there's a small percentage of our portfolio which is in China and will stay in China through this process.

是以，我們的投資組合中有一小部分在中國，並將通過這一過程留在中國。

That was Bridgewater Associates founder Ray Dalio speaking to us earlier about China's markets and this idea of whether it's still glorious to be rich.

這是橋水聯合創始人雷-達里奧（Ray Dalio）早些時候向我們談及中國市場，以及 "富有是否依然光榮 "的話題。

That was at the Milken Institute Asia Summit in Singapore.

那是在新加坡舉行的米爾肯研究所亞洲峰會上。

Well President Xi Jinping's decision to reshape the world's second largest economy has upended the lives of millions of ambitious Chinese professionals.

習近平主席重塑世界第二大經濟體的決定顛覆了數百萬雄心勃勃的中國專業人士的生活。

We're talking about high paying industries including finance, consumer technology, property now out of favour.

我們所說的高薪行業包括金融、消費技術、房地產等，這些行業現在已不再受青睞。

For more on today's Big Take story, let's bring in Bloomberg Senior Editor for Asia Finance David Scarland.

關於今天的大事件，我們請來了彭博社亞洲財經高級編輯大衛-斯卡蘭（David Scarland）。

David, for so many years, the party's power was really dependent on the social contract of delivering prosperity and wealth to these workers.

戴維，這麼多年來，黨的力量確實依賴於為這些工人提供繁榮和財富的社會契約。

是以，他們現在感到非常迷茫。

What is the goal here in this policy shift?

Yeah, it certainly has been a shift Heidi and kudos to our colleagues in Hong Kong and in China for delivering such an excellent piece.

是的，這確實是一個轉變，海蒂，感謝我們在香港和中國的同事提供了這樣一篇出色的文章。

Really what we're seeing is that the sort of the three pillars of the economy over the last 10, 20 years, think finance, think real estate, think consumer tech, Alibaba, Tencent.

實際上，我們看到的是，在過去的 10 年、20 年裡，金融、房地產、消費科技、阿里巴巴和騰訊是經濟的三大支柱。

These are the people that really drove the economy.

這些人才是經濟發展的真正動力。

And they were sort of the creme de la creme of China that has been really turned on its head in the last few years.

他們是中國的精英，而在過去幾年中，中國的發展確實發生了翻天覆地的變化。

As you mentioned, Xi Jinping is really overhauling the economy.

正如你提到的，習近平正在對經濟進行徹底改革。

And they're really getting hit on all sides.

We're talking tens of millions of people who are worried about pay cuts.

我們說的是幾千萬擔心減薪的人。

They're losing a lot of the perks that they got used to, business travel, forget it.

他們失去了很多已經習慣的福利，商務旅行，算了吧。

We had some tremendous sort of comments, anecdotes from people who are really feeling the pinch right now.

我們收到了很多人的評論和軼事，他們現在確實感到了壓力。

We had insurance executive who said he feels like his work is meaningless.

我們有一位保險主管說，他覺得自己的工作毫無意義。

Another broker said that the finance sector feels like rats on the street because they're just so undervalued now.

另一位經紀人說，金融業給人的感覺就像過街老鼠，因為它們現在的價值被嚴重低估了。

So it's just a dramatic turn from what it was for years, where this was the driving force of the economy.

是以，與多年來經濟的驅動力相比，這只是一個戲劇性的轉變。

And we're talking here about the most educated, the best and brightest of Chinese society.

我們在這裡談論的是中國社會中受教育程度最高、最優秀和最聰明的人。

I cannot imagine the long-term effect being good for the Chinese economy here.

我無法想象這對中國經濟的長期影響。

So much about spending is around confidence, and if you don't feel confident in your job and in your prospects, you're still not going to buy a house, and that's why we're seeing such a slow rebound in real estate.

消費很大程度上與信心有關，如果你對自己的工作和前景沒有信心，你還是不會買房，這也是我們看到房地產反彈如此緩慢的原因。

You're not going to spend period, and we're seeing that in retail sales.

你不會在此期間消費，我們在零售業也看到了這一點。

We're seeing some of the weakest months since the pandemic over the last couple of weeks, so the last couple of months.

過去幾周，也就是過去幾個月，我們看到了自大流行病以來最疲軟的幾個月。

So there's just not a lot of consumer confidence, and that's playing out in the economy.

是以，消費者信心不足，這在經濟中也有所體現。

We've had a number of revisions from the big banks, UBS, et cetera, are saying China's probably not going to reach that 5% target this year, 4%, 4.5%.

瑞銀等大銀行已經多次調整預期，認為中國今年可能達不到5%的目標，可能是4%或4.5%。

And this really continues a steady grind down that we've seen for almost two decades.

這確實是我們近二十年來所看到的持續下滑。

The days of double-digit growth in China are just long gone.

中國兩位數增長的時代已經一去不復返了。

Bloomberg Senior Editor for Asia Finance David Scanlon there, and this is really a good read, so take a look at that full story on today's Big Take.

彭博社亞洲財經高級編輯大衛-斯坎倫（David Scanlon）在那裡，這篇文章讀起來非常精彩，請在今天的 "大事件"（Big Take）中查看全文。

 You can go to the terminal or head to Bloomberg.com.

您可以前往終端或前往 Bloomberg.com。