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Scott Bessent: “They [China] have seen very substantial decrease in…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Scott Bessent: 'We're reordering the global economy' | The Conversation

Published | Video Starts at 05:20

Well they're thinking decades and hundreds of years ahead. But they also have a substantial youth unemployment problem. They are in the midst of a full blown real estate crisis. They [China] have seen very substantial decrease in corporations, corporate margins. So they, they may think decades or centuries ahead, but they're also in the here and now with midterms coming up. Affordability is, is the buzzword. (05:20–30:10)

CLAIM

Asserts that corporate margins in China have significantly decreased.

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