Evergrande, a "warning" for the Chinese economy

Evergrande in Hong Kong, China.

© Bobby Yip / REUTERS

By: Bruno Faure Follow

33 mins

Are we on the cusp of a real estate crisis and / or a debt crisis in China?

The financial debacle of Evergrande raises many questions for the future of large Chinese companies, until then protected by the communist power.

At the same time, Beijing is showing ever greater nervousness in the face of tech giants (Alibaba, Didi, and many others) suspected in particular of anti-competitive practices.

To talk about it, our guests are Jean-François Dufour, director of DCA Chine-Analyze and Bertrand Hartemann, specialist in innovation issues in China.

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To listen : 

- our file (in enhanced version) on the Chinese economy:

CHINESE ECONOMY FILE

In Asia, Africa, Europe, and all the other continents, this is one of the great challenges of the moment.

How to feed all earthlings, at a time of worsening poverty, at a time of climate change which sometimes disrupts supply chains?

At the heart of this problem, there are the farmers, indispensable during this Covid crisis which has partitioned the planet, and among them the breeders.  

Cattle farming in Benda-Toega, Burkina Faso.

RFI / Sayouba Traoré

To talk about it, our guest is

Philippe Chotteau

, economist at the French Institute of Livestock, online from SPACE (International Exhibition of Animal Production). 

Reports: 

► In Mali, the past year has been gloomy, at least below forecasts in the livestock sector.

The increase in the price of animal feed, a consequence of the 2019 COVID crisis, has reduced the sector's profits.

Despite the prevailing insecurity in the country, herders dream of increasing their income in the medium term.

Kaourou Magassa is one of RFI's correspondents in Mali. 

BREEDING SITUATION IN MALI

► The world population is increasing, we must therefore produce more, for example in China and its gigantic farms.

But to produce efficiently, you have to count the animals.

In this country champion of facial recognition, very present in megalopolises, the technology was considered too expensive for farms.

Artificial intelligence is therefore mainly used to count the herd.

In Beijing, report by Stéphane Lagarde and Huang Chen Kuang. 

ARTIFICIAL INTELLIGENCE IN CHINESE LIVESTOCK

► The prices of animal production also depend on world trade, which for 20 years, has been growing strongly.

Demand for meat is strong, particularly in developing countries.

For producing countries, two challenges: finding new outlets, but also protecting their breeders.

Explanations from Patricia Lecompte, journalist in the economics department of RFI. 

LIVESTOCK TRADE NEGOTIATIONS

► In Brittany, tons of ammonia in the form of gas, 95% of which comes from agricultural activity (spreading slurry and nitrogen fertilizer) are emitted each year.

This is what an investigation by the Breton investigative media Splann shows.

Caroline Trouillet is the journalist author of the investigation. 

AMMONIA EMISSIONS IN BRITTANY

► This is a trend in Western societies: the development of vegetable meat.

Many French people, for example, want to limit their consumption of classic meat.

In the process, large industrial groups but also start-ups, such as "the new farmers", created in 2019. Anne Verdaguer met them in a Parisian restaurant. 

NEW FARMERS REPORT

To your secateurs!

In September 2021, the harvest has started on many farms.

Viticulture is an essential sector of the economy in a few countries on all continents, with global production suffering this year. 

Vine buds damaged by the frosts of the previous week, in the south of France, on April 13, 2021,.

© RAYMOND ROIG / AFP

  To talk about it,

Agnieszka Kumor

, specialist in wine economics at RFI. 

Reports: 

► California alone is the world's 4th largest wine producer.

95% of the wines exported by the United States come from there.

It is a huge industry with an estimated impact of over $ 50 billion per year and 325,000 jobs.

Problem: California has been subject to drought for several years.

How are the vineyards coping with the situation?

Loïc Pialat is the RFI correspondent in Los Angeles. 

DROUGHT IN THE VINES IN CALIFORNIA

► In spring 2021, almost all of the French vineyards suffered several consecutive nights of severe frost when the vines had barely started to bud.

Consequence: huge losses.

Illustration of this damage in the Ardèche department.

Ariane Gaffuri met a young winegrower in Saint-Péray, a vineyard renowned for its sparkling white wine. 

REPORT CALAMITES IN ARDECHE

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Bankruptcy of Evergrande in China: "The growth of the company was made by debt"

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Crop freezing: "We have vines that look like dead wood"

The rooster crows

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