We have a feed through from the chinese economy to the rest of the world through chinese investment, particularly Property Investment and infrastructure investment, and the news on that front is not quite so positive yet. We are still seeing relatively sluggish investment in those areas. A lot of the recent improvement has actually come from the consumer sector, which is a good thing for chinas economy, where we are seeing some rebalancing away from investment, but in terms of chinese demand for what the rest of the world produces, it is not quite as positive a development. Having said that, despite the continued weakness in the property sector, there were some green shoots in the data today. I think we could see a bit of relief for the Housing Market over the next few quarters and that definitely will be a positive for the rest of the world as well. Todays gdp news comes as president xi hosts an anniversary belt and road forum in beijing. The meeting celebrates ten years of president
Both domestically in getting chinas economy on track as well as internationally as the country tries to navigate a tense geopolitical environment. We are also going to see and he is back with us here on a show business report. Thank you for coming back again for us as we continue to track the story as the World Leaders gather there. We are still waiting for xi jinping to speak but in your expectation and estimation what are you seeing will be a thrust of the speech there. This are you seeing will be a thrust of the speech there. Of the speech there. This is a time of stocktaking of the speech there. This is a time of stocktaking on of the speech there. This is a time of stocktaking on both| time of stock taking on both side. Chinas reassessment of the initiative and countries on the initiative and countries on the Receiving End are getting a little concerned about the strings that seem to come attached with it in the form of the slightly odorous terms of some of the debt and the fact t
By an israeli airstrike. The Israeli Military has denied responsibility, saying the blast was caused by a failed rocket launched by the gaza based Militant Group Palestinian Islamic jihad. Us President Joe Biden is currently travelling to israel, but a planned Summit Injordan with arab leaders has now been cancelled. Biden s visit is designed to further demonstrate americas support for israel. The white house is saying the us is optimistic about getting humanitarian aid into gaza. On our website we have a live page that is constantly updating with the latest developments but now lets focus on the top Business Stories. Here in europe in a few hours we will be getting a clearer picture on where inflation is headed. For the uk and eurozone the latest data is out today and its hoped the cost of living crisis will continue to ease. In the uk the rate of inflation slowed to 6. 7 in the year to august. For the eurozone the latest estimate has inflation hovering around 4. 3 . For Central Banks
Above that level of poverty according to the un. Today is the United Nations International Day for the eradication of poverty, something Global Leaders committed to do in 2015 that established the uns Sustainable Development goals. So, why is solving global poverty proving so difficult . Joining me now is Luis Felipe Lopez calva, global director for poverty and equity at the world bank. A very warm welcome to the programme. This is such a big issue and we have a few minutes in the world of television which is not enough time, but in your opinion, why is this problem getting worse and not better . ~ problem getting worse and not better . , ~ ,. ,. Problem getting worse and not better . , ~ ,. ~ , better . Thank you very much. As ou ve better . Thank you very much. As you very well better . Thank you very much. As you very well explained, better . Thank you very much. As you very well explained, the you very well explained, the world agreed that poverty would be our objective number one
Three quarters of the world population, over half of the total wealth of the globe. Now a bri project could be a railway and tenure, a port in sri a bridge in the maldives. The largest project so far has been the china pakistan corridor. A 60 billion network of Roads Railways and pipelines, going through a density Mountain Pass on the china pakistan border. The second thing you need to know is that it has two official names. 0ne is that it has two official names. One for inside china and one for outside. Initially it was called one built one road which sounds great in chinese. The problem is in english it sounds a bit bossy, that china is dictating to the rest of the world. So a few years ago the official english name was changed to the slightly bland but definitely less threatening belt and road initiative. The third thing is that it is controversial for some. China has ploughed more than 1 trillion into developing countries. There are trains, airports and roads that literally would n