to boost foreign investments in the country as its own economic engine slows. for clues on what we can expect. mattie bekink of the economist intelligence unit spoke to us. i think one of the reasons that this meeting and the stream of executives and world leaders turning to china in the last few months since the very surprisingly exit from the zero covid and the reopening is because there has been a perception gap that has only widened in the three years that china was close. but i mean by thatis china was close. but i mean by that is the perception of china from outside even those who have businesses here and for whom china is a very important market and the lived reality on the ground. that is true anywhere in the world but i think some of the geopolitical tensions and confusion during the pandemic. particularly contributed to this perception 93p- contributed to this perception gap. so what they will find is, one, but they will discover is a chance to revisit their own tea
to get her british citizenship back. we begin in moscow, where china s top diplomat, wang yi, has met president putin, and reaffirmed their close relationship. the trip to russia by wang yi comes just days before the first anniversary of moscow s invasion of ukraine. here s the meeting between the two. during their talks, mr putin said relations between his country and china were reaching new milestones . he also called on the chinese president xi jinping to visit. earlier, wang yi also met his russian counterpart sergei lavrov, where he said the relationship between the two countries could not be influenced by other nations. let s hear some of what wang yi had to say: translation: i look forward to reaching new agreements. our consultations on strategic security are highly effective between our two countries. they play an important role in strengthening trust and cooperation in a shifting international situation. much is being made of the seating arrangements for president
expectations. panic. i think has to do a with expectations. as panic. i think has to do a with expectations. as your - panic. i think has to do a with. expectations. as your previous guest had reviewed that china did their departure from zero covid in december so you had that first reopened wave in december and january leading to chinese new year and in february slow reopening of chinese new year s we are still very early to the recovery in china. we have only had march and april official date of released studs two months of data. i think one of the things that are context tell us there is that recovery has been pretty robust on the consumer side. what you are seeing is a two speed economy the sectors that were most directly impacted by covid are recovering quite strongly post we have audio data from the month of may and it had a new record after being down 20% in the first quarter relative to the first quarter relative to the prior peak. some of the scene sometime. we need recover
to boost foreign investments in the country as its own economic engine slows. for clues on what we can expect. mattie bekink of the economist intelligence unit spoke to us. i think one of the reasons that this meeting and the stream of executives and world leaders turning to china in the last few months since the very surprisingly exit from the zero covid and the reopening is because there has been a perception gap that has only widened in the three years that china was close. but i mean by thatis china was close. but i mean by that is the perception of china from outside even those who have businesses here and for whom china is a very important market and the lived reality on the ground. that is true anywhere in the world but i think some of the geopolitical tensions and confusion during the pandemic. particularly contributed to this perception 93p- contributed to this perception gap. so what they will find is, one, but they will discover is a chance to revisit their own
teams, factory floors, get a sense in their industry and sector what the real outlook is outlook. at the challenges of last year have really stomped on the consumer investor confidence is here and china recovery has been unbalanced so far. so as not quite the recovery that i think people were hoping for even if it is not probably as grim as perhaps the more sensational headline suggests. perhaps the more sensational headline suggests. speaking of china s economy. we saw signs of an post pandemic economic rebound in the first quarter of 2023. but since then, official data suggests its economy is facing vinesh motwani of consultancy firm silk road research joins us now. he spent time visiting dozens of businesses across china and said that his main take away was that there is no need to panic. i was that there is no need to anic. ~ . , was that there is no need to anic. ~ ., , ., was that there is no need to anic. ~ .,, ., ., ., panic. i think has to do a with