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Transcripts for BBCNEWS World Business Report 20240604 04:37:00

scale of the stimulus applied in other countries at similar stages in other countries at similar stages of in other countries at similar stages of their economic cycle. they stages of their economic cycle. they are stages of their economic cycle. they are certainly facing an uphill they are certainly facing an uphill battle. they are certainly facing an uphill battle. the question is wh has uphill battle. the question is why has the uphill battle. the question is why has the chinese - uphill battle. the question is| why has the chinese response uphill battle. the question is - why has the chinese response to its mounting problems being timid. because of the downward pressure the chinese currency is facing right now, the sliding currency leaves china limited room and it comes to boosting interest rates, to cutting interest rates as it fears it could ultimately spark a sell off in the currency and of course that would cause a wave of capital flight. that is definitely at least

HONG KONG – SINGAPORE John Lee touts Hong Kong model in Singapore to stop capital flight

Several cooperation agreements were signed during Lee’s visit to Singapore, which recently overtook the former British colony on the Global Financial Centres Index. Hong Kong’s leader tried to reassure investors that the One country, Two systems model was reliable, this despite the imposition of a draconian national security law.

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