RUSH TRANSCRIPT Carrot Emily ░░░░░░░░ odd carrot Bloomberg s ░░░░░░░░ wan under lockdown like ░░░░░░░░ in China They are ░░░░░░░░ to eat get food ░░░░░░░░ supplies putting even more ░░░░░░░░ on an already stressed ░░░░░░░░ chain We re talking ░░░░░░░░ this more with Anja ░░░░░░░░ director of The National ░░░░░░░░ forum What is your ░░░░░░░░ on this at scale ░░░░░░░░ does this mean for ░░░░░░░░ What does it mean ░░░░░░░░ the economy Anja nice ░░░░░░░░ see you emily It ░░░░░░░░ China s economy is ░░░░░░░░ apart at the seams ░░░░░░░░ growth rate was about ░░░░░░░░ That is not as ░░░░░░░░ as they wanted They ░░░░░░░░ they will grow at ░░░░░░░░ 5 but they keep ░░░░░░░░ these extreme lockdown spirit ░░░░░░░░ think Allen s story ░░░░░░░░ hireling Harrowing Of course ░░░░░░░░ hits all of the ░░░░░░░░ chains again Emily the ░░░░░░░░ scum of the road ░░░░░░░░ they are affecting companies ░░░░░░░░ and volkswagen have suspended ░░░░░░░░ Do you see this ░░░░░░░░ an impact on China ░░░░░░░░ ability to attract global ░░░░░░░░ global manufacturing Anja yeah ░░░░░░░░ not in the long ░░░░░░░░ but certainly in the ░░░░░░░░ term It is hard ░░░░░░░░ run a business in ░░░░░░░░ it every couple of ░░░░░░░░ you are going to ░░░░░░░░ shut down Shanghai disneyland ░░░░░░░░ closed again foxconn all ░░░░░░░░ these big suppliers American ░░░░░░░░ firms are once again ░░░░░░░░ down which makes it ░░░░░░░░ hard I think it ░░░░░░░░ accelerates the tech decoupling ░░░░░░░░ see already with western ░░░░░░░░ increasingly saying maybe we ░░░░░░░░ look to the west ░░░░░░░░ Asia or we should ░░░░░░░░ not entirely away from ░░░░░░░░ but we need to ░░░░░░░░ our bets a bit ░░░░░░░░ think that is going ░░░░░░░░ accelerate that trend Emily ░░░░░░░░ has already been a ░░░░░░░░ of pressure on Chinese ░░░░░░░░ companies because of a ░░░░░░░░ by the Chinese government ░░░░░░░░ tech companies in particular ░░░░░░░░ see the Chinese government ░░░░░░░░ tried to dial that ░░░░░░░░ giving U S regulators ░░░░░░░░ information about these companies ░░░░░░░░ does this have a ░░░░░░░░ sustained impact on China ░░░░░░░░ tech world and its ░░░░░░░░ Anja it does It ░░░░░░░░ a huge impact not ░░░░░░░░ the lockdown but everything ░░░░░░░░ swaying in the direction ░░░░░░░░ decoupling You see a ░░░░░░░░ crackdown on Chinese tech ░░░░░░░░ year you and I ░░░░░░░░ about them Lifting people ░░░░░░░░ people they can t ░░░░░░░░ business in the United ░░░░░░░░ under certain circumstances and ░░░░░░░░ is coming from the ░░░░░░░░ S too You mentioned ░░░░░░░░ new s e c ░░░░░░░░ le which is if ░░░░░░░░ are a Chinese company ░░░░░░░░ have to follow new ░░░░░░░░ principles They have three ░░░░░░░░ to comply but if ░░░░░░░░ don t we are ░░░░░░░░ to delist you We ░░░░░░░░ it will continue Emily ░░░░░░░░ have not seen a ░░░░░░░░ fear from China and ░░░░░░░░ position on Russia Of ░░░░░░░░ China is under a ░░░░░░░░ of pressure from the ░░░░░░░░ community What do you ░░░░░░░░ will happen there and ░░░░░░░░ will that influence the ░░░░░░░░ s relationship with China ░░░░░░░░ China s relationship with ░░░░░░░░ rest of the world ░░░░░░░░ it is such a ░░░░░░░░ question It is interesting ░░░░░░░░ see because I think ░░░░░░░░ Jinping and his team ░░░░░░░░ surprised to see how ░░░░░░░░ and gruesome Putin s ░░░░░░░░ of Ukraine has been ░░░░░░░░ have been vacillating for ░░░░░░░░ week or two Now ░░░░░░░░ politics have come out ░░░░░░░░ in favor of Russia ░░░░░░░░ you look at what ░░░░░░░░ censored on the Chinese ░░░░░░░░ anything that is pro ░░░░░░░░ is censored and taken ░░░░░░░░ immediately All of the ░░░░░░░░ propaganda gets through So ░░░░░░░░ the political side they ░░░░░░░░ with the Russians On ░░░░░░░░ business side not so ░░░░░░░░ I mean so far ░░░░░░░░ have heard anecdotally that ░░░░░░░░ of the big Chinese ░░░░░░░░ firms are complying with ░░░░░░░░ sanctions on China as ░░░░░░░░ the big Chinese banks ░░░░░░░░ though their government is ░░░░░░░░ hey you should be ░░░░░░░░ what you can to ░░░░░░░░ the Russians I mean ░░░░░░░░ perfect example is the ░░░░░░░░ taxi service the sort ░░░░░░░░ uber of China and ░░░░░░░░ right away they were ░░░░░░░░ in Russia then after ░░░░░░░░ from the Chinese government ░░░░░░░░ started back up the ░░░░░░░░ operations Emily what does ░░░░░░░░ mean quickly for the ░░░░░░░░ term then Is it ░░░░░░░░ quo for China s ░░░░░░░░ with the rest of ░░░░░░░░ world or could we ░░░░░░░░ a shift Anja I ░░░░░░░░ China will stay just ░░░░░░░░ the level where they ░░░░░░░░ going to be subject ░░░░░░░░ secondary sanctions from the ░░░░░░░░ S and Europe So ░░░░░░░░ will keep playing this ░░░░░░░░ They will probably buy ░░░░░░░░ little bit more oil ░░░░░░░░ Russia They will try ░░░░░░░░ help their Russian friends ░░░░░░░░ much as possible without ░░░░░░░░ running afoul with what ░░░░░░░░ rest of the world ░░░░░░░░ If you remember emily ░░░░░░░░ is the year that ░░░░░░░░ Jinping wants to be ░░░░░░░░ the forever leader of ░░░░░░░░ so he needs things ░░░░░░░░ be fairly calm at ░░░░░░░░ until the fall Emily ░░░░░░░░ Manuel appreciate your insights ░░░░░░░░ director of the aspen ░░░░░░░░ forum When the votes ░░░░░░░░ in efforts to reform ░░░░░░░░ union at the Amazon ░░░░░░░░ in Alabama were shot ░░░░░░░░ That is next This ░░░░░░░░ bloomberg. ♪