our expectation at this year is 0ur expectation at this year is to see another 13,500 millionaires leave china. are millionaires leave china. are they completely millionaires leave china. are they completely cutting ties titan china? they completely cutting ties titan china? titan china? not at all. as eole titan china? not at all. as people become titan china? not at all. as people become more - titan china? not at all. as - people become more financially independent they do seek what are sometimes called greener pastures returns and there might include a better education for their children access to health and in china possibly case a lot of people do still keep their business there but from a text efficiency perspective of the destinations might be more attractive. destinations might be more attractive- attractive. are they worried about their attractive. are they worried about their truck attractive. are they worried about their truck - attractive. are t
lower but to put that into context it was at zero in europe this time last year. and in the world s largest economy the us, the cost of borrowing is at 5% to 5.25%. but critics point out rising interest rates is a blunt tool that comes with its own set of dangers that can pose further risks to the economy. so what else can be done? well, central bankers are getting together today in portugal to chew over this challenge. joining me now isjennifer mckeown chief global economist at capital economics. good morning to you, jennifer. so it s a lovely location, portugal, you got christine lagarde there, andrew bailey, jerome powell among others, what do you think they will chew on? of course they re all increasing the cost of borrowering and in some places like the uk, so far it s having little effect. little effect. yeah, you re ri . ht. little effect. yeah, you re right. beautiful little effect. yeah, you re right. beautiful location, | little effect. yeah, you rel right. be
other countries fighting and being resilient, and being beautiful, and blossoming, i would love to find out how they do it. well, we reached out to singapore tourism board, about the night life scene in singapore and this was their response. to the uk now where the banking giant hsbc announced this week it is to move its world headquarters from its 45 storey canary wharf tower, to a smaller location, possibly back to the city of london. the move is part of plans to downsize its office space following the pandemic, as the bank says it is now committed to flexible working.
i would love it if something like this and the tourism board would promote us in the way that they promoted, any other nightlife in singapore. ina lot in a lot of ways singapore is very cushy and a lot of other countries in this region are not and i see people and these other countries fighting and being resilient and being beautiful and blossoming and i would love to find out how they do it. well, we reached out to singapore tourism board, about the night life scene