we begin in the us, where time is ticking for tiktok. the chief of the social media app shou zi chew was grilled by us lawmakers over a range of issues, mostly related to the company s chinese ownership. his appearance before the congressional committee comes after the biden administration threatened to ban the social media app if the company s chinese owners didn t sell their stakes. tiktok is wildly popular in the states it has 150 million american users, which includes almost five million businesses. well, our north america business correspondent michelle fleury has been following the story in washington dc and sent this report. it was never going to be easy but from it was never going to be easy but from the moment the committee chairman opened the hearing. committee chairman opened the hearing, calling for tiktok to be banned in the united states, there be banned in the united states, there was be banned in the united states, there was no let up. the tiktok ceo
I asked him, if this meeting going to happen, what would it be about . Assuming it does take place, i think russia will want to focus on the war with ukraine. If this meeting happens, it probably means they have already secured chinas blessing, because nothing substantial involving north korean relations happens without beijing giving implicit consent. So, if it happens and if they have some substantial developments, then russia will probably focus on getting ammunition for its war in ukraine. And what does north korea want out of it . North korea, once again, assuming there would be successful results form this meeting, which is a bit of an if, north korea would want food, oil and money, because they are experiencing quite a substantial food crisis due to its extreme isolation after the coronavirus pandemic. What is the dynamic between the two leaders . President putin and Kimjong Un Have met in the past, what do you think this meeting will be like if it does go ahead . The reason is
around the world. lawmakers remain sceptical around the world. lawmakers remain sceptical leading - around the world. lawmakers remain sceptical leading to i remain sceptical leading to some contentious exchanges like this one. . ,, some contentious exchanges like this one. ., i. . this one. have you directed them to this one. have you directed them to change this one. have you directed them to change the - this one. have you directed them to change the source| this one. have you directed - them to change the source data? if i could have some time. . ifi could have some time. . it if i could have some time. . it is if i could have some time. it is a yes or if i could have some time. . it is a yes or no question. have you direct your engineers. why do you continue to allow tiktok to have the capacity for censorship yet you deny that here? . , ., ., here? influences gathered to rotest. here? influences gathered to protest. tiktok here? influences gathered to protest. tiktok has
that china is announcing that its economy is slowing down through the form of this third-quarter gdp report. it announced earlier today that its economy grew 4.9% in the third quarter compared to the same period a year ago. that is a sharp slowdown from the 7.9% growth it achieved in the previous quarter. china is facing quite a number of economic challenges. you have weak consumer spending due, in part, to ongoing delta flare-ups throughout the country. you also have the energy crisis, which is worsening due to the record-high prices of coal. it s china s main source of energy. as a result, there have been power outages across china that has forced china to ration electricity in 20 provinces. it s also forced factories to suspend production which has been a hit on industrial production inside the country. and on top of that, you have the evergrande debt crisis. evergrande is of course china s most heavily indebted developer with over $300 billion worth of
do they need to have their taxes cut from 39.6 percent to 37 percent? and the so-called pass-throughs, because of the deduction you will give them, you will get a situation where a lot of employees that work those companies will be taxed at a higher rate than their bosses. well, pass-throughs are the engine of growth in this country. and this is about creating the lowest tax rate for pass-throughs since the 1930s. that is going to be massive, massive economic growth.it is about fixing a broken tax system. we have one of the highest corporate tax in the world with companies leaving trillions of dollars offers they do not have to pay taxes. this is a historic event to fix a broken tax system. what about the point i just met you can end up with employees of these pass-throughs, and these are not formal corporations and the owners, they end up paying taxes to the individual tax rate, not the corporate tax rate.