Infrastructure and construction has brought workers back into the city. But growth is still a lot slower than in previous years private consumption especially is lagging behind companies have cut wages and council bonuses for the employees in downtown beijing that traces of the past 6 months are still visible. Businesses have been hit hard by this crisis many have little to no income from month and month and many shops and restaurants have to shut john experts have long warned of chinas imbalance growth too much investment and today it will consumption corporate 19 has made these warnings ever more urgent. China has a history of ambitious projects the great wall of china the silk road and now its new silk road officially known as the Road Initiative its the largest Infrastructure Project ever seen the transport Energy Mining i. T. And communications projects spanned the globe and even reach into outer space the original so prob a same quaint according to todays standards but the fact i
Staking out its claims on every continent with its sprawling belton Road Initiative impacting how most every country does business officials in beijing as setting the Global Standards intake by drawing up their own treaties and deals and theyve got the up ahead with an immense amount of financial 5 power but chinas also highly secretive fad restrictive the question is is china more of patna old rival. President xi jinping has promised time and again to open his mammoth economy to the world to lead an International Investment and allow for a level Playing Field german executives ive spoken to say its going in the other direction they say chinese officials at clamping down on foreign firms more than ever china and the European Union have been hammering out a comprehensive agreement on investment for 7 years now but after multiple rounds of negotiations theyve basically got no way. The skyscrapers of shanghai have all been built in the past 30 years. Almost all the big German Companies ha
Changing condition. Futures point higher in sydney and tokyo. The yen holding back. Almost everybody is softbank thinks the group taking a Group Private is a bad idea. We will look about the chances of such moves actually happening. Lets take a look at how we are kicking off trading in sydney. It is a public holiday. But we do still have the cash 4 in thep about 0. First two minutes. This comes on a busy week for australian traders. The budget where we are expecting to see assumptions made about a vaccine becoming available and we are also getting a report that is trillion is set to further lift that that australia is such a for the lift that debt ceiling with 4 billion u. S. Dollars with the debt ceiling being lifted higher to 1. 1 trillion. Looking at the aussie dollar ahead of the all be a. We are expecting no change. Markets are significantly pricing and now another rate cut. Before the end of the year. Dollar trading at 71. 67. In new zealand, two weeks out from the election. Kiwi
A kneejerk often by it so what i mean dad. I will welcome you watching r. T. International with me the care and. The horrific murder of a french history teacher last week has left many in the profession traumatized with teachers now fearful that the freedom to speak and instructed is at risk english teacher gabriel a ton 0 told of the impact the gruesome attack has had a tragedy that happened last week that. Just mind is many many things its a tale of terror teachers in strong arcs directed to do a lot and it sounds like we will be expected to even more treatments many ills in society and i know my colleagues and i are ready to take on many challenges but its teachers are really under the threats of islamic terrorism. And we should not ask ourselves heres how you will teach kids should ask ourselves serious how we will protect the school itself and the surrounding stuff the school from your party was beheaded in a terror attack last week outside his school in a suburb of paris the sout
Religious views would not influence her decisions and 2nd day of confirmation hearing saw a devout Roman Catholic amy kone berridge question by the Senate Judiciary committee which. Germany has pledged solidarity with greece and cyprus and their dispute with turkey over sea boundary issues for mr want to turkey of a major setback in relations with the e. U. Turkish ships have been searching for gas reserves and waters that greece and cyprus also claim. This is news from berlin follow us on twitter and on instagram news or visit our website w dot com. For. Just 3 weeks until election day in the United States this was supposed to be done will trump selection to lose despite the hundreds of thousands who have lost their lives to cohabit 19 well that all changed 2 weeks ago when the coronavirus turned the president positive his reelection chances negative tonight trump is once again campaigning once again denying the dangers of the virus and this time hes risking peoples lives in the proce