Companies look to ride the wave of its economic boom. But its fallen off the cliff. Last year f d i and to china 1000. Just 33000000000. 00 per 2 year low. The consequence is a key ingredient in any economic success story. And right now its draining away from china. What they have for the kaufman, do missions that the company is. So basically how so do not bind to the story, people in china, whether theyre in the government or in the private sector. I will tell you privately, they are really worried about the countries direction and its future in a way that they have not said. So for 30 years, china is problems have been planned to many things from the countries property crisis to the struggle to emerge from strict 0 cove and controls. Put in this episode, well ask if there are more fundamental problems behind its crisis of confidence over time. The temptation for that or terry is to exert their control and pick favorites and, and demand loyalty. Outweighs the market number sure. Do yo
That, really. Clearly, there will be people who own a home, who are trying to buy a home, he will be looking closely at these figures. We got the average house price now at about £285,000 across the uk. But thatis about £285,000 across the uk. But that is on average for the whole of the uk. 0bviously, that is on average for the whole of the uk. Obviously, the Housing Market is very much a local thing, really. You look at house prices in specific areas, and that is where we have seen a variant pace of house price falls. Have seen a variant pace of House Price Falle have seen a variant pace of house price falls. Why are we seeing this dro . We price falls. Why are we seeing this drop . We mentioned price falls. Why are we seeing this drop . We mentioned that price falls. Why are we seeing this l drop . We mentioned that Borrowing Costs are increasing, is it simply that or are there lots of elements in play here . That or are there lots of elements in la here . ,. , in play here . Certa
The value of imports also fell by more than expected. Down 12. 4 onjuly a year ago, but that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period as the country continued its post covid recovery. And last month chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist, hejoins me now from tel aviv. Its a grim picture for china, isnt it . The third consecutive month of decline. Whats going wrong for them . ,. , decline. Whats going wrong for them . ,. ,. ,. , them . Some people are going to say its ust them . Some people are going to say its just basically them . Some people are going to say itsjust basically a them . Some people are going to say itsjust bas
Part of the programme. Email me. Mail mageenews. Com. But now its what all been waiting what youve all been waiting for. News of the day with for. The news of the day with sam. Sam francis. Jacob, thank you very much. Good evening. From the newsroom. Good evening. From the newsroom. The headlines just after 8 00, government ministers are today challenging labour to set out its own funding plans after the Opposition Party backed the governments decision to cut National Insurance, the non dom tax status will be scrapped, with the aim of raising revenue to make up for the £0. 02 cut. But figures suggest any benefits for the taxpayer are likely to be cancelled out by an expected rise in council tax. While earlier jeremy rise in council tax. While earlierjeremy hunt rise in council tax. While earlier jeremy hunt told rise in council tax. While earlierjeremy hunt told gb news that his budget is proof that the governments fiscal plan is working , we want to end the unfairness. The direction
Of the Global Economy given so many countries do so much trade with china. Chinese Government Data shows that the value of exports fell 14. 5 compared to the same month a year ago. That suggests the rest of the world is buying less stuff. The value of imports also fell by more than expected, down 12. 4 onjuly a year ago. But that partly reflects a fall in the price of commodities such as crude oil. The figures will concern chinas government, who are grappling with economic growth. The quarterly Growth Figure was just 0. 8 in the april tojune period, as the country continued its post covid recovery. And last month, chinas struggles were cited as a key concern for the Global Economy when the International Monetary fund updated its Global Growth forecast for this year to 3 . David woo is a former imf economist and wall street strategist and has been telling me what he makes of the numbers. You know, like some people are going to say, well, this is just basically a reflection of the curren