35year occupation of the peninsula. The United States has long tried to strengthen the relationship to create a more formidable bond across asia. But it hasnt quite worked until now. Whats changed . And will todays summit lead to something in writing, a joint agreement between all three nations . What would that mean for china . Joining me now is nbc news senior White House Correspondent kelly odonnell, who is at camp david, you saw her there with the president and the the director of the meeting. How did President Biden get these two leaders to come and stand side by side at camp david today . Reporter part of it has been one of the themes of the biden presidency, where hes wanted to strengthen this relationship in part because of the rise of China Economically and militarily weve seen, and of course the ongoing threats from north korea. So as you pointed out, the u. S. Has strong independent relationships with these two nations despite generations of being at war with each of them. W
Through the us legal system and of course in china as well. I think what it means also is that amongst all of the various imbalances in the economy in china right now, the property sector might be the weight on the economy that lasts the longest simply because it is going to be such a slow slog in terms of restructuring of this debt. We have seen pictures of unfinished buildings, families and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, the many, many projects are presold and the households that buy those properties they make Mortgage Payments even if they are not able to take delivery of the product but as construction has come to a halt, they stop making those and that means no Income Accruing to
You know, an iphone sold in the us or europe might be designed in california and built in india using Semiconductors Made in taiwan from Raw Materials provided by china. So if any link in that supply chain breaks, it sets up big problems for the rest of the chain. And thats true for smartphones, as it is for pcs, and especially in Battery Production for those Electric Vehicles were buying more and more of. So what if one country decides to make it harderfor others to get hold of some of those critical Raw Materials . Well, thats what china announced just last month. Translation the Chinese Government implements i Export Controls on gallium and germanium related items in accordance with the law to ensure that they are used for legitimate purposes in order to safeguard National Security and better fulfil our international obligations. For quite some time now, the us side has been abusing Export Control measures to continuously strengthen its crackdown on chinas semiconductors and artific
As he prepares to do this again, hes trying to improve his partys fortunes. This morning, jeremy hunt was keeping his cards close to his chest as he toured the tv studios. But he did give this hint. I do want, where its possible to do so responsibly, to move towards a lower tax economy, and i hope to show a path in that direction. But this will be a prudent and responsible budget for long term growth. With roughly £13 billion to play with, thats less than hed hoped for. The chancellor is scrabbling around for ways to find more cash that would allow him to reduce taxes. And labour arent saying whether theyd prioritise tax cuts or not. So would you bring down taxes now . Well, we want to bring the tax burden down in the long run, but were not going to promise anything which is not completely responsible and fully funded and fully costed. And youll see all of our plans in the manifesto for getting the economy growing because that Economic Growth is so crucial to making People Better off,
presidentjose ramos horta, welcome to hardtalk. thank you for having me. it is a great pleasure to have you in the studio. i think it s fair to say you ve given most of your life to the struggle for freedom in timor leste, east timor, as we used to know it, and you have served as its president, not just once, but twice. you decided to come back in 2022 to seek the presidency again. was that a tough decision, to come back? yes. on a personal basis, yes. it was not in my plan, but then mr xanana gusmao, now prime minister, whom i deeply respect, he asked me to run again. ..to put timor leste back on the map of the world, because it was neglected, forgotten for a few years, because we ve been living in peace and tranquillity, so we did not constitute news. but at the same time, with so many conflicts in the world, we were running the risk of being forgotten. so. and then our asean accession. so i was asked to serve, to be the visible face of the campaign for our asean accession.