us treasury secretary janet yellen called the downgrade arbitrary and said economic conditions had improved under the biden administration. the news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. let s look at markets now in asia. japan is currently down by over 2%. hong kong not that far behind. this was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. let s discuss this with tom stevenson, who s an investment director at fidelity. good morning. janet woody allen saying this is arbitrary. i have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. that is based on outdated data. that is riuht. is based on outdated data. that is right- it is based on outdated data. that is right. it seems is based on outdated dat
the imf said it welcomed steps announced by policymakers earlier this month to stabilise china s beleaguered property sector. lets get the low down now with louise loo, who is china economist at oxford economics. louise, looking for china. projected to grow beyond expectations. projected to grow beyond expectations. yes, exactly. this is very expectations. yes, exactly. this is very positive - this is very positive assessment. i think the upgrade to the growth forecast notjust this year, next year, suggest to us that there is a good sense of expectation that policies will continue to be quite supportive of the economy. i think generally it is quite good news if you think about the different structural problems the economy faces, including property. including property. property bein: including property. property being the including property. property being the main including property. property being the main one. - including property. property being the main one. it
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