talked about a broader range of industries that were national sensitive and would require either expert controls or some sort of an investment restrictions or both. in sort of an investment restrictions or both. in other news, shares restrictions or both. in other news, shares in restrictions or both. in other news, shares in wework - restrictions or both. in other. news, shares in wework have shed almost 40% in a single day after the company warneded that could go bankrupt. wework cited a drop in membership. shares in wework are currently trading at 13 cents. now to india where the country s central bank is due to unveil its monetary policy decision today. the inflation rate has accelerated injune with food prices soaring in the two months, so much so that tomato prices for example have rocketed. they now cost around ten times more than just three months ago. earlier, i spoke to an economist who gave us her assessment on how she expects the central bank to move later. i think the
our national security action not an economic one and adding the us is not decoupling our economy. the move is likely to upset beijing with analyst wanting the us should be prepared for china to retaliate. earlier i spoke to anna ashton, from a political risk consultancy firm and she explained what sort of reach the order could have. it is not as restrictive as it could have been, certainly not as restrictive as the rumours suggested it would be when the administration first announced that it was considering something like this. it really only targets new investments into chinese firms and only chinese firms that derive more than 50% of their revenue sensitive sectors like ai, quantum computing and advanced semiconductors. and that is far more narrow than we could have seen because last october the administration talked about a broader range of industries that were national security sensitive and would require either expert controls of some sort of investment
The Biden administration’s latest executive order is not expected to significantly impact China’s semiconductors, quantum computing and artificial intelligence sectors.
there is a chance this could broaden out to cover other sectors where the link to national security is more tenuous. there are legitimate questions even in these three sectors where, in semiconductors, most use of civilian there are some military uses, but there are some lawmakers in washington who want to extent these investment restrictions to cover biotech and clean energy and potentially many other sectors. let s talk about semiconductors. there is a water shortage. if the us doesn t invest, are there others willing to step in? doesn t invest, are there others willing to step in? well, what we have seen willing to step in? well, what we have seen over willing to step in? well, what we have seen over the willing to step in? well, what we have seen over the last - willing to step in? well, what we have seen over the last couple i willing to step in? well, what wej have seen over the last couple of years is the us, europe and alongside asian companies that have been subsidising