year in china. talk us through the purpose of these curbs. there were earlier ones by the united states and also japan are they all aimed at china? they are. they were initially aimed at the very high end application of semiconductors used for military or supercomputer use but we have seen it getting broader and broader which now is making it increasingly difficult for chinese companies to produce telecom equipment, smartphones, electric cars etc so it has definitely been expanding as time s going on. can you explain why china is the target? what are these countries concerned about? clearly there are geopolitical implications. this has largely a lot to do with the larger trade issues that are going on. also the ai race. which country is going to be dominant. so there is a bit of politics and trade tit for tat going on with this. i think it is fair to say. to the us state of florida which was hit by hurricane idalia. moddy s analytics says preliminary costs from the storm ar
the boards for its shares to start trading but the company was once china s largest real estate company but it has defaulted back into 2021 and it is believed to have had at least, at one point, more than $300 billion in debt. recently told investors that it lost more than $80 billion over the last two years and yesterday morning just before its shares started trading it also told us that it lost another 11.5 billion in the first six months of this year. that is still half of what it lost last year. recently the company filed for bankruptcy protection in the united states. the company has become something of a symbol of the nationwide property crisis that many feared it could spill over globally and there have been other developers warning us about a huge loss it could face as well. but for the second day, trading after the suspension was lifted, the shares are down by 14% after falling 80% yesterday. as we have been reporting, the us commerce secretary is in beijing this wee
largest economies are at their most tense in years. last august, the us passed the chips act, specifically aimed at growing the domestic chip, making business and blocking china s industry. beijing has responded in turn, including restricting exports of two materials, gallium and germanium to the us. these are key ingredients in making chips and it all comes in the same week as export controls kick in in the netherlands, preventing one of the world s biggest makers of chip making equipment, that is asml, from exporting without a licence, something china has complained about and analysts have said would only make us china relations worse. a little earlier i spoke to james early, chief investment officer at bbae, a digital investment company and asked him what he hoped would be achieved from these talks. john kerry went to china, got almost nothing. janet yellen went to china and got almost nothing. antony blinken went to china, got basically nothing too. maybe fourth time s
far as intervention when it reaches that 145 147 handle. we wouldn t be surprised to see intervention. wouldn t be surprised to see intervention. ~ , ., ., ~ intervention. where you work in australia. intervention. where you work in australia, the intervention. where you work in australia, the central intervention. where you work in australia, the central bank - intervention. where you work in australia, the central bank is i australia, the central bank is meeting this week as well, it s a tricky balancing act for them isn t it? even with inflation and whether or not to raise interest rates, what are you expecting? interest rates, what are you meeting? expecting? wearing a 3796 operability expecting? wearing a 3796 operability of expecting? wearing a 3796 operability of another - expecting? wearing a 3796 i operability of another hiker. analysts have been proven wrong the last two months so we are at that which see a trifecta and they are proven wrong again. so t
to respond to local government debt and real estate troubles. another priority is to get financial regulators to work more closely together so they can co ordinate the event of an economic shock. janet yellen is slowly emerging as a key player in the biden administration s handling of this challenging relationship between the world s two superpowers and she said she plans to visit china again and she said she plans to visit china again next year, her second visit since july. china industrial output grew 6%, faster than the 4.6% gain in october. retail sales also grew but missed forecast chinese consumers have been reluctant to spend amid a deepening crisis in the country s property sector and economic slowdown. a majorfault line between washington and beijing is the race to develop semiconductors. chips power everything from smartphones to military highend equipment and are increasingly seen as crucial to the global economy. south korea and the netherlands two keynotes south