Markets will be able to deliver what you need, when you need it, at the price that you need. de risking is what western governors like to call it being less reliant on china. but this escalating tit for tat between the world s superpowers has got people worried about so called resource nationalism, weaponising materials that you hold, the technologies that you have. a lot of people that think that will have global consequences also for the health of the planet and that is because a lot of crucial green technologies rely on these so called critical materials. this isn t a national problem, this is a problem we face as a human race. and so hopefully policymakers can come to the table, secure access to the critical materials that are really essential for the energy transition, so we can start to tackle some of the challenges around decarbonisation.
Problem with their biggest shareholder in china wanting to split up hsbc. it looks like in the last quarter they have managed to fend it off, has that problem gone away now? i don t think it s gone away, but this set of results actually won t help the chinese investors, because they highlight the risk of commercial real estate exposure in china. detaching china from the rest of the bank wouldn t exactly help that. exactly help that. and also, china is slowing exactly help that. and also, china is slowing as - exactly help that. and also, china is slowing as an - exactly help that. and also, - china is slowing as an economy, not performing as well as many hoped this year. we had the latest numbers yesterday in terms of manufacturing performance, service sector, it s not looking good and that doesn t bode well going forward. doesn t bode well going forward- doesn t bode well going forward. ., , forward. no, they highlight some uncertainty forward. no, they highlight some uncertaint
Going forward, your thoughts? i going forward, your thoughts? i thinkjust the possibility of a slowdown in the uk, and distress in the housing market possibly. coupled with the real estate concerns in china. but otherwise, simply a question of, can they continue to earn profits from increasing their net interest margin or are they going to get some pushback? we are already seeing some pushback from the regulator in the uk. , ., ~ , ., the uk. interesting, thank you for our the uk. interesting, thank you for your instant the uk. interesting, thank you for your instant analysis - the uk. interesting, thank you for your instant analysis on - for your instant analysis on the results just out from hsbc. let s get some of the day s other news now. here in the uk, a major shake up of the way alcohol is taxed leaves many drinks costing more from this morning. under what the treasury says are new common sense principles, tax is being levied according to a drink s strength. duty will increase