Economist Stephen Roach says he has doubts about China’s plan to boost the economy through consumer spending. “What I’m worried about is that their program is more slogans than substantive actions that really give me confidence that the consumer revival is at hand,” the Yale Law School senior fellow tells Bloomberg’s Stephen Engle on the sidelines of the Boao Forum for Asia.
00:00 – Roach on Beijing’s efforts to stimulate consumption
02:55 – China’s “charm offensive” with CEOs
03:46 – Tariffs and globalization
06:35 – Roach’s outlook for the US stock market
07:48 – DeepSeek and China’s AI innovation
09:19 – Possibility of Trump-Xi trade deal
——–
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