Pacific. According to these findings, the region is expected to see a slowdown in growth next year, partly due to a lack of post pandemic recovery from china, the well s second largest economy. A look at the report, joined by chief economist at your expecting a stage in pacific growth to slow due to the chinese slowdown. What steps can countries in this region take an urge to mitigate some impacts? take an urge to mitigate some imacts?. , , impacts? you re absolutely riuht. Impacts? you re absolutely right jen impacts? you re absolutely right. Jen has impacts? you re absolutely right. Jen has been impacts? you re absolutely right. Jen has been a impacts? you re absolutely i right. Jen has been a powerful right. Jen has been a powerful engine for growth in the world and slower growth means lower growth in the region. china. It needs to do more on its own to grow and that needs reform. First of all, of the service sectors sound breaks up. . . Not notjust for not just for service
For chinese shares. A good day for china investors today. Not a huge surprise given a number of factors impacting on the china markets today, the largest of course being stimulus and hopes of more stimulus. Just before the golden week holiday we heard of a number of measures designed to boost china s economy, including a cut in rates as well as extra liquidity to boost the bank lending and about $350 billion to support china s stock market as well. The recent stimulus measures, have are chemical in generating and changing what are often some structural problems that come about in the chinese economy? come about in the chinese economy? come about in the chinese econom ?. ,. , economy? there have been a view. Is economy? there have been a view is when economy? there have been a view. Is when it economy? there have been a view. Is when it comes economy? there have been a view. Is when it comes to view. Is when it comes to turning around china s fortunate this part of the cycle, but i
And Consumer Confidence has been affected. So that average spending for a trip is been decreased compared to 2023. We are also seeing a lot of bookings for high speed trains, so many travellers opt for cheaper Regional Travel rather than flying. But we have seen the overall type of trips that people are booking a more diversified, so this isjust one part of the picture. Were seeing growing interest in high and brilliant travel inside and outside of china, a big rise in nature and coated travel, such as session one, debate, and The Mole dies, so more people are wanting to connect with nature and explore culture. Wanting to connect with nature and explore culture. Sichuan and explore culture. Sichuan and the maldives. And explore culture. Sichuan and the maldives. Does and explore culture. Sichuan and the maldives. Does that and the maldives. Does that mean some of the Stimulus Measures we are seeing is impacting or having an impact on people are willing to spend more . ~ ,. ,. , on peop
Growth growth has been slower in 2024, and the Consumer Confidence has been affected so that average spending per trip has been decreased compared to 2023. So we are also seeing a lot of bookings for high speed trains, so so many travellers opt for cheaper Regional Travel rather than flying. But actually we have seen the overall type of trips that people are booking a more diversified, so this isjust one part of the picture. Were seeing growing interest in high End Premium Travel inside and outside of china, a big rise in nature and coated travel, such as sichuan, hunan, tibet and the maldives, so more people are wanting to connect with nature and explore culture. Does that mean some of the Stimulus Measures we are seeing is impacting or having an impact on people who are willing to spend more . The Stimulus Measures may help in the short term, but actually we are seeing long Term Recovery for the Tourism Sector will depend on the broader economic factors. Especially the recovery of Co
Military base. Disputes continued. At the United Nations and the international courts for many years. With me is our correspondent andrew harding, one of the few people that has been to the Chagos Islands. This is a long running story. Take us through the decision today. It story. Take us through the decision today. Decision today. It is an extraordinary decision today. It is an extraordinary story. I decision today. It is an | extraordinary story. As decision today. It is an extraordinary story. As you say, it has been in the courts for a long time. A dispute that has rumbled on in the background. Most people listening to the stand watching this will never have heard of the Chagos Islands. That they might have heard of Diego Garcia, the american Military Base which is really at the heart of the dispute and this breakthrough today. The mauritian government and the British Government are framing it like this, it is about military. In the Indian Ocean. Back when mauritius won its indepen