month suspension had been lifted. katherine shi is an editor and she told me this will further complicate evergrande�*s restructuring plans. so, i think with the chairman of evergrande arrested, the current restructuring talks with creditors is going to take a much longer time. with the police investigation ongoing, creditors will need to wait for a longer time until the police investigation results come out. they had negotiated with the company for over two years about the terms of the restructuring but the halt of the restructring plan brings more trouble as this esrc has denied to issue the shares for evergrande. so, for the aftermath, i think everyone either has to resort for an entirely different restructure plan or the creditors will need to wait for a longer time, until the investigation by the police would come out. what about government policies, if we look at that, which focus on ensuring buyers who paid deposits for their flats get that money back or get their units back? it's about ensuring that property holders feel secure about restoring market confidence. are those policies working and what needs to be done? i think for china's property market now, the key thing is for the private developers to complete the unfinished units. however, with more supply in the market and demand in the market, we are also expecting to see more macro policy rolling out to help absorb the surplus of the supplies, so we are also expecting something like a model of the singapore affordable housing programme. but problems faced by china's economy don't stop with evergrande and the property sector. the world's second—largest economy is raising a host of change challenges, including slow growth and youth unemployment. while these headwinds add up to a major headache for beijing, why does it matter to the rest of the world? to help decode that further and summarise the latest viewpoints, let's bring in our asia business correspondence, nick marsh. good to see you once again. those are some of the aspects you have tried to decode in the article you have written for the bbc news website and give us a sense of why it is important for the world to watch the developments in china. i watch the developments in china. ~ ., �* , china. i think that's the fundamental _ china. i think that's the fundamental question | china. i think that's the | fundamental question in china. i think that's the - fundamental question in and of itself. when i was researching this piece i was thinking quite a lot about the saying when the united states seizes, the rest of the world catches a cold of sneezes. and i'll try to figure out what extent the rest of the will have to pay attention when china faces all of these different kinds of economic problems and ultimately, the ramifications are not quite as strong as if the united states went into recession but you're talking about the world's second biggest economy with 1.4 billion people and when you calculate global growth, china accounts for about 40% of that so clearly, there are going to be big effects but ultimately, it depends on who you are so if you are a big globalfirm and you are a big globalfirm and you depend on the chinese domestic market for a big chunk of your profits, so if you are apple or volkswagen or a company like that, and you will be very worried that people in china are spending less and that will then have a knock—on effect on the thousands of workers and all of the suppliers that these big global companies work with. likewise, if you are a commodities exporter, so you are in south america or africa, you are going to be very concerned that in china there is less housebuilding so you will be exporting fewer raw materials. that's another area of concern. on the flip side, if demand remains so weak in china that means that prices are going to stay low, it means chinese exports are going to stay cheap so the things that you find on your shelves around the world, in theory, should stay quite cheap as well. if you look at it from a global perspective, you have rising inflation that could be one way to tame it without central banks having to raise the interest rates, which is what i have been doing until now so a bit of a mixed picture, to be honest. speaking of, there have _ picture, to be honest. speaking of, there have been _ picture, to be honest. speaking of, there have been various - of, there have been various scenarios presented by various analysts and one scenario is fairly extreme, using the phrase a financial contagion of sorts. how do we read into that? if sorts. how do we read into that? , ., sorts. how do we read into that? _, a, sorts. how do we read into that? a, ., sorts. how do we read into that? a, a, , a, that? if you want to short answer. _ that? if you want to short answer, financial- that? if you want to short i answer, financial contagion theory is quite unrealistic. you can see where the parallels are being drawn. back in 2008 there was a property crisis in there was a property crisis in the united states and it did speu the united states and it did spell over into the financial sector with big banks going bust and before you know if the whole world is in recession and people are looking at the situation in china, worriedly, at the property crisis which we have just been hearing their earlier before we spoke about evergrande and people are wondering the same thing happen? according to people who watch these in closely and economist, it's unlikely for two reasons. firstly because china's property sector, financial sector are not as closely intertwined and also china's financial system is not the american one and not as dominance even if there was a problem it would not have the disastrous consequences we saw in 2008. it disastrous consequences we saw in 2008. , ., in 2008. it is all the time we have, in 2008. it is all the time we have. nick- _ in 2008. it is all the time we have, nick. thank _ in 2008. it is all the time we have, nick. thank you - in 2008. it is all the time we have, nick. thank you for . have, nick. thank you for putting all of that in perspective. if it is a story you want to spend more time on the new need to go to the bbc�*s website where you can read next�*s story, it is called what is china's economic problems and what it means for the world so do have a read of that. turning to the united states where the economy grew at a solid pace in the last quarter. gdp increased at an unrevised 2.1% annualised rate and activity appears to have accelerated in the present quarter. the world's biggest economy is facing some headwinds, including ongoing strike by auto workers and also the looming government shutdown. well, the deadline to avert that government shutdown is just around the corner and a small fraction of hard right republicans in the house of representatives is calling for deeper spending cuts and other concessions before they approve spending levels for the next fiscal year. here is our north america business correspondent erin delmore with more on the potential economic impact of this political brinkmanship. the clock is ticking on capitol hill. lawmakers have fewer than three days to reach a deal to avert a government shutdown. to do so, the democrat—led senate and the republican—led house will need to agree on a deal to fund the federal government past 30 september. right now, the senate has bipartisan support on a stopgap bill that would extend funding until 17 november, but house republicans have rejected it. they are fighting over government spending levels with hardline conservatives calling for deeper cuts and tying any government funding bill to the ongoing issue of immigration and security at the us's southern border. house speaker kevin mccarthy has a handful of holdouts in his republican caucus who have said they will oppose any short—term funding bill. several are threatening to oust mccarthy from his post he doesn't meet their demands. any shutdown would impact hundreds of thousands of federal workers, many of whom would be out of work without pay. and, relatedly, americans who rely on federal assistance would see services slow or stop. that means nutrition benefits lapsed, civil trials postponed, museums closed, inspections for hazardous drinking water stopped, clinicaltrails for new medical treatments delayed. the us government has shut down at least partially three times in the past decade, and credit agencies have taken notice with some downgrading the us's credit rating already. let's bring you a round—up of more news and focusing on the social networking platform x, formerly twitter. researchers are seeing the social media platform, formerly known as twitter, has disabled a feature that let users report misinformation about elections. the site said the feature had been removed in recent weeks, except for in the european union. now, the move has fuelled concern ahead of a key australia referendum to give indigenous people more rights, as well as ahead of the 2024 us presidential election. the first us trail of allegations that tesla's autopilot driver assistant led to a death has begun in california. the case stems from a lawsuit alleging the feature caused a tesla model 3 to suddenly veer off a highway east of los angeles at more than 100km/h. the 2019 crash killed the driver and also seriously injured his two passengers, including a then eight—year—old boy. tesla has denied any liability, saying the driver consumed alcohol before getting behind the wheel. and epic games has become the latest company in the tech sector to lay off workers. the maker of the videogame fortnite is cutting 870 jobs — that's around 60% of its workforce. in a memo to staff, epic said it had tried to cut costs but was still spending more money than it was earning. and that is where the concern was. the company is also selling bandcamp, an online music site that it acquired in the 2022. so many stories happening and making headlines and you can always log onto the bbc news website to get all the details of that. that's all in asia business report. thank you for watching and have a great weekend. voice-over: bbc news, - bringing you different stories from across the uk. it all began when his admin job in leicester was under threat and he turned to online journalism, launching bellingcat, exposing fake news, largely to the embarrassment of russia. that is made up. it's smartphones which have changed everything, combined with tools on the internet. everyone can be a recorder of news and also tell the difference between real and fake. mass amounts of information that we really didn't have 20 years ago, and that's allowed us to do investigations on things like chemical weapons attacks in syria, the shooting down of aircraft in ukraine, and now, the current conflict in ukraine. we are able to take an image like this which is from the day before the air strike and following on the next day seeing the damage from the air strike as it is happening. it's absolutely crucial to have voices like his that— are actually a bit more optimistic in what can seem quite a doom—laden area of study. really, what he's doing, it's coming good on the potential that the internet initially promised. education is the key in the fight against misinformation. and we see people using the internet at younger and younger ages and if we're not engaging with them, showing them how to have a positive impact on the discourse, then it's just going to lead them down some pretty nasty rabbit holes. for more stories from across the uk, head to the bbc news website. hi, i'm ellis with the catch up. first — police officers are switching off their body—worn cameras when force is used, as well as deleting footage and sharing videos on whatsapp. a bbc investigation has uncovered more than 150 reports of camera misuse by the force in england and wales. it's been described as "shocking" by a leading officer. in one case, a brother and sister faced a two—year legal battle over footage showing officers' use of force against them. i was punched in the face, my sister was pushed, and then we got charged with assault. even though we were assaulted. both yufial and his sister were acquitted and the met police apologised to them. the home office says: the officer in charge of the cameras says the majority of recordings show good practice. some other stories now. a 15—year—old girl who died after being stabbed in croydon, south london, has been named as elianne andam. her family said she was the light of their lives. police have been given an extra 24 hours to question a 17—year—old boy who was arrested after the attack. the number of students not completing uni courses in england, wales, and northern ireland is at its highest recorded level. there has been a 28% rise in students dropping out partway through the year, the student loans company said. time now to leave you with ten seconds of queens. series five of rupaul�*s drag race is back on bbc 3 and bbc iplayer with ten new contenders strutting their stuff. you're all caught up. bye for now. hello and welcome to sportsday. i'm chetan pathak — coming up on the programme: are you ready — because rome is. the start of the 44th ryder cup isjust hours away with europe looking to regain the trophy from the united states. japan beat samoa to keep their knockout hopes alive at the rugby world cup — a result that sees england through to the quarter finals. and the investigation into alleged corruption involving barcelona continues as spanish police raid the referees' offices. we'll bring you the latest. welcome along, thank you forjoining us. not too long to go now until play begins at the ryder cup in rome. europe will be hoping home advantage helps them to regain

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