another example of what the state is going to capitalise on. it is also a state that is going to elections so that is why we have seen chatter from politicians talking but this $100,000 job creation that make 100,000 job creations. all of these factors need to be considered when we are talking about this kind of project but yes, the fact is land has been earmarked for this particular project and foxconn which manufactures india s iphones in the southern state is also looking to increase its footprint in india because apple only has a market share of about 4% in the country but the mobile market in as in india is still dominated by the much more affordable chinese brands and this is a way in which they are looking to increase their footprint especially in a claimant when the indian government has doled out several financial incentives to companies like
the government target of five and a half % and its slowest for decades. lets discuss this with louise loo, senior economist at oxford economics. there s widely expected to be a big shakeup in the team handling the economy. around 5%, it probably implies that growth as low as 4.5% is probably acceptable to the government and we do think that means the policy matters that we see will be a little bit more than what we expect last year. more than what we expect last ear. , , , year. but this is new isn t it? because year. but this is new isn t it? because pre-pandemic - year. but this is new isn t it? because pre-pandemic it - year. but this is new isn t it? | because pre-pandemic it was because pre pandemic it was double digit growth and now we re looking atjust 5%. what does that mean for china and the global economy? i does that mean for china and the global economy?- the global economy? i think that ust the global economy? i think thatjust means the global economy? i think tha
priorfive year period are much higher than in the prior five year period if you look back, the reality is that there are still those there that could result in a rising demand, we have not completely weaned ourselves off russian gas. on the factor of china which could also result in competitive demand for energy sources. if competitive demand for energy sources. ., ., ~ competitive demand for energy sources. ., , sources. if we look at why the institute for sources. if we look at why the institute for fiscal sources. if we look at why the institute for fiscal studies, i institute for fiscal studies, for example, says that yes the government could afford to do this and could afford to continue to cut people s bills at two and a half thousand for another three months, is that because the price of energy has fallen sharply in recent weeks. and some of the reasons why is because the winter has not been as cold as was feared and because in much of europe they were able to store an awful
this is bbc world news, the latest headlines: a bbc investigation uncovers evidence that twitter is no longer able to protect users from trolling following changes under elon musk. there have been clashes between greek police and protesters angry at last week s fatal train crash. the prime minister has asked for forgiveness. now the trade war between the us and china is still brewing, with washington ramping up the pressure on a number of chinese tech giants. two us senators have announced plans to introduce legislation this week which will enable the us to limit firms such as tiktok, over security concerns. joining me now is our asia business reporterjoao da
and what that means domestically for china is that in the past, as you said, we have enjoyed growth in the double digits and a lot of that is driven by investment and export and going forward it wouldn t be as much of a growth driver for china wouldn t be as much of a growth driverfor china anymore wouldn t be as much of a growth driver for china anymore so what that means is that china will have to find its own new growth drivers going forward. and hopefully that come from consumption which is where the government expects and hopes that the growth transition model will point to. modelwill point to. now, when it comes to modelwill point to. now, when it comes to the modelwill point to. now, when it comes to the leadership - modelwill point to. now, when it comes to the leadership in i it comes to the leadership in china, there was a big shakeup expected in the team that is handling the economy. much more control from the centre. is that what we have seen so far? yes, a lot of signs