On today’s episode, a look at the path forward for the Chinese economy as Beijing shifts its economic focus from investment-led growth to consumption-led growth, with Premier Li Qiang declaring “vigorously boosting consumption” as the top priority in 2025. We speak with Katia Dmitrieva, Asia Economy Reporter for Bloomberg News. Plus - we discuss what’s next for monetary policy in the US ahead of Friday’s jobs report. We’re joined by George Cipolloni, Portfolio Manager at Penn Mutual Asset Management.

On today&rsquo;s episode, a look at the path forward for the Chinese economy as Beijing shifts its economic focus from investment-led growth to consumption-led growth, with Premier Li Qiang declaring &ldquo;vigorously boosting consumption&rdquo; as the top priority in 2025. We speak with Katia Dmitrieva, Asia Economy Reporter for Bloomberg News. Plus - we discuss what&rsquo;s next for monetary policy in the US ahead of Friday&rsquo;s jobs report. We&rsquo;re joined by George Cipolloni, Portfolio Manager at Penn Mutual Asset Management.

Listen for business and finance news centered in the Asia-Pacific region. 

Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

Listen for business and finance news centered in the Asia-Pacific region. Host Doug Krizner brings you insight and analysis on the day's top stories from China, India, Japan, Korea, Hong Kong, Singapore, Australia and more.

Join Bloomberg Daybreak Asia for business and finance news centered in the Asia-Pacific region, along with insight and analysis on the day's top stories in global markets.

Bloomberg Daybreak: Asia Edition

Charting China's Economic Road Ahead

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4cb39a9c-3daa-403f-be94-b298003a120e/transcript

Business and finance news from the Asia-Pacific.

Asian stocks dropped as a semiconductor selloff deepened, with investors retreating from one of the year's hottest trades amid elevated bond yields and geopolitical uncertainty. MSCI's Asia Pacific equities benchmark slid 2%, with South Korean shares dropping 5.5%. Chip bellwethers Samsung Electronics Co. and SK Hynix Inc. both declined over 7%, tracking a semiconductor selloff on Wall Street. Kioxia Holdings Corp. plunged 9% in Tokyo. We speak to Bloomberg Asia Equities Reporter, Winnie Hsu.

And -  Pony AI Inc.'s robotaxi sales reached a quarterly high, now accounting for a third of total revenue, with overseas momentum continuing to accelerate. Overall sales in the second-quarter climbed 69% to $36.2 million, while robotaxi revenue surged to $12.1 million from $1.5 million, according to a Tuesday filing. The net loss grew to $59.8 million from $53.1 million a year earlier. Bloomberg's Yvonne Man and David Ingles speaks to Chief Executive Officer James Peng.

Business and finance news from the Asia-Pacific.
Asian stocks dropped as a semiconductor selloff deepened, with investors retreating from one of the year's hottest trades amid elevated bond yields and geopolitical uncertainty. MSCI's Asia Pacific equities benchmark slid 2%, with South Korean shares dropping 5.5%. Chip bellwethers Samsung Electronics Co. and SK Hynix Inc. both declined over 7%, tracking a semiconductor selloff on Wall Street. Kioxia Holdings Corp. plunged 9% in Tokyo. We speak to Bloomberg Asia Equities Reporter, Winnie Hsu.
And - &nbsp;Pony AI Inc.'s robotaxi sales reached a quarterly high, now accounting for a third of total revenue, with overseas momentum continuing to accelerate. Overall sales in the second-quarter climbed 69% to $36.2 million, while robotaxi revenue surged to $12.1 million from $1.5 million, according to a Tuesday filing. The net loss grew to $59.8 million from $53.1 million a year earlier. Bloomberg's Yvonne Man and David Ingles speaks to Chief Executive Officer James Peng.

Chip Selloff Extends to Asia, Pony AI Robotaxi Revenue Reaches Record

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c273b71f-cb77-44fa-9ef7-b4ab00328115/transcript

Business and finance news from the Asia-Pacific.

Asian bonds followed Treasuries lower as concerns over government finances mounted, while higher oil prices added to fears that inflation will quicken. Treasury 30-year yields rose to 5.32%, a level last seen in June 2007. Oil prices advanced as prospects for peace in the Middle East dimmed, reviving concern that prolonged geopolitical tensions will threaten supplies and keep energy costs elevated. Global benchmark Brent rose 0.3% to $91.10 a barrel after President Donald Trump said he wasn't interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon. Bloomberg's Executive Editor for Asia Markets Paul Dobson breaks down the markets.

Plus - in earnings news,  BHP Group's full-year profit rose by almost a third, thanks to improved copper and iron ore prices that helped the world's largest miner beat forecasts, just as new boss Brandon Craig takes the helm. Craig, who started as chief executive officer in July, is focused on delivering a major pipeline of growth including expansions in South American and Australian copper — as well as its push into potash, a mineral used in fertilizer. BHP says it is targeting 3% to 4% copper equivalent growth per year up to 2035 — roughly double consensus expectations. Julia Lee, Investment Director at Shaw and Partners Asset Management spoke to Bloomberg TV host Paul Allen.

Business and finance news from the Asia-Pacific.
Asian bonds followed Treasuries lower as concerns over government finances mounted, while higher oil prices added to fears that inflation will quicken. Treasury 30-year yields rose to 5.32%, a level last seen in June 2007. Oil prices advanced as prospects for peace in the Middle East dimmed, reviving concern that prolonged geopolitical tensions will threaten supplies and keep energy costs elevated. Global benchmark Brent rose 0.3% to $91.10 a barrel after President Donald Trump said he wasn't interested in extending the expiring agreement with Iran and fighting flared anew in Lebanon. Bloomberg's Executive Editor for Asia Markets Paul Dobson breaks down the markets.
Plus - in earnings news, &nbsp;BHP Group's full-year profit rose by almost a third, thanks to improved copper and iron ore prices that helped the world's largest miner beat forecasts, just as new boss Brandon Craig takes the helm. Craig, who started as chief executive officer in July, is focused on delivering a major pipeline of growth including expansions in South American and Australian copper &mdash; as well as its push into potash, a mineral used in fertilizer. BHP says it is targeting 3% to 4% copper equivalent growth per year up to 2035 &mdash; roughly double consensus expectations. Julia Lee, Investment Director at Shaw and Partners Asset Management spoke to Bloomberg TV host Paul Allen.

Mideast Risk Hits Stocks, BHP Profit Jumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f57102b0-1d62-4d73-b945-b4aa002c5728/transcript

Business and finance news from the Asia-Pacific.

Japan saw economic growth slow down unexpectedly in the second quarter with Real GDP growing at an annual rate of only 1.1%.

The weakness reflects a slump in capital spending, given uncertainties stemming from the conflict in the Middle East. This potentially complicates the Bank of Japan's policy communications as it weighs the timing of its next rate increase. For more, Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke with Homin Lee, senior macro strategist at Lombard Odier on the Asia Trade.

The AI race in China is making a shift towards cyber defense. Z.ai has announced that its latest model, GLM-5.3, is designed with cyber defense in mind. For a deeper look at the AI race in China, Bloomberg TV hosts David Ingles and Yvonne Man spoke with Bloomberg Strategist Anthony Stephens and Bloomberg Analyst Robert Lea.

Business and finance news from the Asia-Pacific.
Japan saw economic growth slow down unexpectedly in the second quarter with Real GDP growing at an annual rate of only 1.1%.
The weakness reflects a slump in capital spending, given uncertainties stemming from the conflict in the Middle East. This potentially complicates the Bank of Japan's policy communications as it weighs the timing of its next rate increase. For more, Bloomberg TV hosts Paul Allen and Haidi Stroud-Watts spoke with Homin Lee, senior macro strategist at Lombard Odier on the Asia Trade.
The AI race in China is making a shift towards cyber defense. Z.ai has announced that its latest model, GLM-5.3, is designed with cyber defense in mind. For a deeper look at the AI race in China, Bloomberg TV hosts David Ingles and Yvonne Man spoke with Bloomberg Strategist Anthony Stephens and Bloomberg Analyst Robert Lea.

Effects of Slow Growth on the Bank of Japan, China's AI Race

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1895f7b5-ea02-43ae-bac4-b4a900342ed6/transcript

Charting China's Economic Road Ahead

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