Am sally bundock. We start in china, where the Chinese Vice Premier he lifeng and the European Commissioner for trade Valdis Dombrovskis are meeting in beijing today. The eu and chinas economic and trade ties will be the focus of discussions. The meeting comes at a time of growing tensions between the two superpowers. Earlier this month, the European Commission announced there would be an anti subsidy investigation over chinas car prices. China is accused of keeping car prices artificially low by huge State Subsidies a move that china says is evidence of protectionism by the eu. Trade between the eu and china is significant, especially for countries like germany, where china is their biggest Trading Partner. Im joined by anna ashton, china director at eurasia group. Lets unpack this. Good morning to you, anna. How are these trade talks likely to go, do you think . You think . Its hard to say exactly how you think . Its hard to say exactly how they you think . Its hard to say exactly ho
To dry up. The impasse comes as a group of republicans in the House Of Representatives are using the issue as leverage to extract additional spending cuts in the order of 120 billion in the new fiscal year. Speaking at a Congressional Black Caucus awards Dinnerjoe Biden award them against the consequences of triggering a shutdown. Consequences of triggering a shutdown consequences of triggering a shutdown. Lets be clears, if the Government Shutdown. Lets be clears, if the government shuts shutdown. Lets be clears, if the government shuts down | shutdown. Lets be clears, if. The government shuts down that means members of the us military, members of congress, will need to continue to work but not get paid. The shutdown can impact anything from food safety, cancer research, head start programmes for children. Funding the government is what of the most basic responsibilities of congress and it is time for republicans to start doing the job america elected them to do. Lets get this done. E
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Additional spending cuts in the order of 120 Billion Dollars in the new fiscal year. Speaking at a Congressional Black Caucus awards dinner, the us president warned them against the consequences of triggering a shutdown. Lets be clear, the government shuts down, that means members of congress and the us military or going to have to continue to work did not get paid. A Government Cut down damages everything. Funding the government is why the most basic responsibilities of congress and it is time for republicans to start doing the job america elected them to do. Lets get this done. That impasse over the Us Government budget comes at a time when the us economy is facing a significant number of challenges. The us auto industry, which is a key economic sector, is facing an expanding strike which could have an impact on growth. And while the Federal Reserve decided to leave rates unchanged when it met last week, it has signalled that it will raise rates again before the end of 2023. Earlier
Which is the second economy of the country contributing nearly 9 of the countrys gdp so that gives you a context of why tamil nadu is important to the political establishment in terms of Policy Making as well. Weve also seen in the last several Many International brands have increased their footprint in the country of late and most one of the most important werai for manufacturers, foxconn which started Manufacturing Iphones in india so it is the added element as well. Political parties have always showcased before an investment that is, thatis before an investment that is, that is elections, and fire just pull out from tamil nadu and given the picture, there are total of 102 seats which are total of 102 seats which are going to pulse today, out of 143 so its important to understand that there are issues like unemployment uneducated in the youth struggling to getjobs, question is about public spending which is slowed and also, the fact that there has been pro inequality in the country