hello. i am tadhg enright with your top business stories. politics is leading business news today. as you ve been hearing, leaders of seven of the world s top economies are meeting in hiroshima, japan. but it s two that aren t attending that will be occupying most of their time. as well as new sanctions on russia, they will be focusing on china, and how to counter its increasing economic power. the bbc s nick marsh is in hiroshima for us. a huge focus on the sanctions against russia. but as we ve been talking about that already, i want to pick up another theme of these leaders using the economic pressure on china. what more can you tell us about the? china. what more can you tell us about the? you “ust call the elehant us about the? you “ust call the elephant not us about the? you “ust call the elephant not in us about the? you just call the elephant not in the us about the? you just call the elephant not in the room. - us about the? you just call the elephant no
dimension. let s bring in simon macadam, senior global economist at capital economics here in london. there s only so much political leaders can do to tackle inflation. what, if anything, can be achieved at this meeting? your corresponded in hiroshima talked about the elephant not in the room being china of the g7 summit and that s a very, very important reason why that s the case even from an economic perspective, but the elephant not in the room from an economic perspective this weekend and the more immediate senseis weekend and the more immediate sense is the debt ceiling crisis in the us and of course as you say the inflation problem and inflation crisis thatis problem and inflation crisis that is a malaise that all advanced economies are suffering from. on that i don t think g7 leaders can achieve very much at all. it was last weekend when the central bank governors and finance and treasury ministers from the g7 got together last week in japan
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hello. i am tadhg enright with your top business stories. politics is leading business news today. as you ve been hearing, leaders of seven of the world s top economies are meeting in hiroshima, japan. but it s two that aren t attending that will be occupying most of their time. as well as new sanctions on russia, they will be focusing on china, and how to counter its increasing economic power. the bbc s nick marsh is in hiroshima for us. a huge focus on the sanctions against russia. but as we ve been talking about that already, i want to pick up another theme of these leaders using the economic pressure on china. what more can you tell us about the? china. what more can you tell us about the? you “ust call the elehant us about the? you “ust call the elephant not us about the? you “ust call the elephant not in us about the? you just call the elephant not in the us about the? you just call the elephant not in the room. - us about the? you just call the elephant not in the r