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Transcripts For BBCNEWS World 20240705

is a coume our reliance on what you do. there is a coume of our reliance on what you do. there is a couple of things our reliance on what you do. there is a couple of things they re - is a couple of things they re worried about. china s economy is not performing very well right now and the government would like to reassure businesses particularly foreign businesses that now is a great time to invest and should be expanding your operations in china. business confidence particularly foreign business confidence in china, has been dented of the last four years because they have been a number of crackdowns on the acts of private businesses so this is a message that businesses need to hear. that is the short term concern for the government. but there is this broader issue of the way the global economy right now does seem to be factoring into blocks centred on the us, the western powers and centred on china and china s leadership wants to portray china as the bit that is open

Transcripts for BBCNEWS World Business Report 20240604 13:35:00

describe exactly what happened. it s hard describe exactly what happened. it s hard to overstate the importance of the diesel gate scandal, it was one of the biggest scandal motor industry has ever seen and the reason why these days we are constantly talking about electric cars and the phasing out of petrol and diesel cars, that owes a great deal to the volkswagen scandal. what happened was that the volkswagen group which includes audi and seattle and skoda, was trying to market cars in the us principally audis and it was trying to market diesel cars. it was trying to market those cars is a clean option but when it started to sell models developed for the european market in the us it encountered a problem. us emissions legislation for diesel cars was more stringent than it was in europe and engineers for audi found the car is developed for those markets, if used in the us and made to meet us emissions criteria, were not able to perform as well as they would without those extra emission

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