Coming from there . I think that theres a lot of challenges facing the chinese economy right now. We have the 0 cobit policy. As youve mentioned. This is interesting when you compared to other countries, which ive also had quite strict ppo policies, but seem to have managed a better without the shutdowns that theyve had in china, which of course, played havoc with that with the economy. Theres 23. 00 countries in the region and china comes for 86 percent of economic output. So whatever way you look at it, we need china to keep growing. But its, its also facing the prospect of the 20th Party Congress coming up at which the Leadership Team ping will reinforces is rule. And that also means that theres not much happening in china. Everything has to kind of stay as it is in term, in economic terms. And then we have a problem facing the property sector, which accounts for about 30 percent of economic activity. Thats also in trouble at the moment. So theres a lot of headwinds facing china rig
A major milestone in their lives. Love, seduction and power ice cold passion starts october 8th on d. W. Enjoying the view, and come take a look at this tv highlights every week in your inbox. Subscribe now. Ah, ah, the World Bank Cuts the Economic Outlook for the Asia Pacific Region. Would china lagging behind the rest for the 1st time in 3 decade . Also on the show, the recent floods in pakistan caused widespread suffering and destroyed wheat harvests are set to make that worse. This is the w business. Im Janelle Dumas on welcomed chinas Economic Growth is set to fall behind the rest of asia. For the 1st time since 1990, according to the world bank, it expects the chinese ca need to grow 2. 8 percent this year. Nearly half of what was previously forecast. The slowdown is lauraly, largely due to a downturn of the Property Market in beijing. 0 cove and policy, the world bank cut its forecast for the Asia Pacific Region as a whole. To 3. 2 percent. Were joined now by our china analyst C
I think theres a lot of challenges facing the chinese economy right now. We have the 0 cobit policy. As youve mentioned. This is interesting when you compare it to other countries, which have also had quite strict covered policies, but seem to have managed a better without the shut down that theyve had in china, which of course played havoc with with the economy. Theres 23. 00 countries in the region and china cons for 86 percent of economic output. So whatever way you look at it, we need china to keep growing. But its, its also facing the prospect of the 20th Party Congress coming up at which the Leadership Team ping will reinforces his rule. And that also means that theres not much happening in china. Everything has to kind of stay as it is in term, in economic terms. And then we have a problem facing the property sector, which accounts for about 30 percent of economic activity. Thats also in trouble at the moment. So theres a lot of headwinds facing china right now. Never a good tim
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