Friday, March 3, 2023

China's new money men

Here's today's Big Take.

March 3, 2023

A public news broadcast shows Chinese President Xi Jinping in November 2022.   Photographer: Lam Yik/Bloomberg

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China is about to see its biggest reshuffle of economic leaders in decades. A generation of internationally respected officials will make way for a group of politicians better known for their strong ties with President Xi Jinping than academic credentials or overseas exposure. 

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The war in Ukraine exposed how few countries — notably China and Russia — oversee global fertilizer supplies. Bloomberg reporter Elizabeth Elkin joins Friday's episode to talk about how concerns about fertilizer shortages and food security have forced nations to look for alternatives.

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