Yeah, please be seated. Good morning. Im chang lee, director and the senior fellow of the john l. China center at brookings. Its my pleasure to welcome you to this important event on chinas longterm Economic Outlook and its global implications. This event is unusual in present day washington for at least three reasons. First, as it has been widely perceived, people here have been preoccupied with Current Issues and the immediate challenges. As the year 2020 has barely begun, there are already several pressing geopolitical dilemmas on which our policymakers must focus. As we cross into the new decade, it will be important to look ahead toward chinas economic progress and the challenges it will present, both for china and for the world. Chinas Rapid Economic Development has arguably been and will continue to be the most consequential global story of the 21st century, and its ramifications ramifications surely go far beyond the economic domain. It is important to note that traditionally a
Its my pleasure to welcome you to this impo please be seated good morning, im chain lee director and the senior fellow of the john l. China center at brookings. Its my pleasure to welcome you to this important event on chinas longterm Economic Outlook and its global implications. This event is unusual in present day washington for at least three reasons. First, as it has been widely perceived, people here have been preoccupied with Current Issues and the immediate challenges. As the year 2020 has barely begun, there are already several pressing geopolitical dilemmas on which our policymakers must focus. As we cross into the new decade, it will be important to look ahead toward chinas economic progress and the challenges it will present, both for china and for the world. Chinas Rapid Economic Development has arguably been and will continue to be the most consequential global story of the 21st century, and its ramifications ramifications surely go far beyond the economic domain. It is im
Im chain lee director and the senior fellow of the john l. China center at brookings. Its my pleasure to welcome you to this important event on chinas longterm Economic Outlook and its global implications. This event is unusual in present day washington for at least three reasons. First, as it has been widely perceived, people here have been preoccupied with Current Issues and the immediate challenges. As the year 2020 has barely begun, there are already several pressing geopolitical dilemmas on which our policymakers must focus. As we cross into the new decade, it will be important to look ahead toward chinas economic progress and the challenges it will present, both for china and for the world. Chinas Rapid Economic Development has arguably been and will continue to be the most consequential global story of the 21st century, and its ramifications ramifications surely go far beyond the economic domain. It is important to note that traditionally and perhaps even today, china tends to t
Beardsley in berlin its good to have you with us investors around the world are holding their breath as tensions but mounts between america and iran with iran promising a major retaliation for the killing of its military commander Qassam Soleimani american businesses could be a target as iran has proved to have formidable cyber attack capabilities. From 2011 to 2013 from 2011 to 2013 the the iranian hackers target j. P. Morgan chase bank of america and wells fargo with large denial of Service Attacks make it difficult for customers to log into their accounts and access their money iran attacked the Saudi Aramco Oil company in 2017 with the shamoun virus which was so devastating that the network had to be rebuilt almost completely from scratch. And in november 29000 microsoft experts suspected that iranian hackers were going after a disturbing new physical target employs that major manufacturers in operators of Industrial Control Systems used by power grids manufacturing and Oil Refiner
Vonnie gasoline inventories, that showed a build of 3. 3 Million Barrels. Is thaty the headline crude Oil Inventories showed a 1. 1 5wn last week of Million Barrels. It has been a risk off tone. Energy companies are benefiting from the spike in oil prices on both sides of the pond. Decline500 is showing a of 0. 75 . It is following the other indexes lower as well. Analysts showing stocks higher. Some of the Security Companies like Lockheed Martin is up 3. 4 . Guy european stocks are down. They are off their lows. The ftse 100 is now positive. The ftse 100 has lots of oil stocks in it. The dax is underperforming in europe. The aviation sector under pressure today. The bond market is catching a bid, moving six basis points on a german tenyear. Brent crude elevated. You would expect brent to be a little more aggressive of a move in the middle east rather than wti. The ism number today not exactly great, plus this story out of the middle east. Vonnie this will be all of the talk at the Ame