increasingly concerned. it is the economy. jay powell fed chief jay powell holds where face-to-face talks with president trump. warnings from within the fed. rosengren eric morning policymakers against putting financial policy at risk. we will hear exclusively from him. and now, back to sophie for a look at australian markets. higher.6 200 is opening a2 milk leading the pack. aining 17% after reporting better margin outlook. checking in on the aussie dollar. ahead of the rba. still clearly and a focus for the currency. 1% ancks are adding on hour into cash trade. futures holding steady in chicago. let s see how we are sitting up in hong kong. hans sang futures are under pressure after the rebound. speculation that chinese funds are providing support for the market. even so, there is some investor caution given they are rethinking their positions with the increasing violence in hong kong. we did have the hans sang in the hong kong index regain their 50 day moving averages.
currencies losing their luster. let s have a look at this chart. this is telling you about the damage that has been done to some extent with regards to china. ofs is what we have in terms official pmi. the large ones going into negative. overall, that is everything. showing contraction here for companies. more company pmi s. all of these have entered into negative terrain. they inhabit. let s get market action. what are you making of all of this? what about this deal? the g 39, i think we get that risk doing that you would have anticipated. a lot more to run. i think market is missing the point. it has nothing to do with the g20 that we had over the weekend. fed cuttingout the cycle that we are about to get into. that,d: with regards to was it a case that we got all of this dovish language, looking at the damage done by this trade conflict? maybe they will dial back on that dovish term? that is obviously the risk. it is just a perspective of when, rather than is. there coul
right now, it seems many of those bridges are being burned. would you agree? well, i think it s. yeah, absolutely. we see things have changed a lot in the last five to six years, basically. and a lot of dialogue has been cut off. there s a lot of communications cut off. and most, of course, on top of that, the covid 19 pandemic has also isolated many countries. and also given the, you know, the trade war, the sanctions, the. ..ideological and tax code decoupling and all those things add up. i think that we really need to strengthen the dialogue, strengthen the communication and bridge building. absolutely. i hope we will continue to do that. but in the context that you ve just laid out, everything from protectionism, economic nationalism to the impact of covid around the world, do you think it was wise for china to declare such a complete strategic alliance with vladimir putin, as it turned out, right on the eve of his invasion of ukraine? does that put beijing in a good pl
the head of the agency says he believes russia is strategically reducing supplies now to prevent european countries from stockpiling gas. now on bbc news, it s hardtalk with stephen sackur. welcome to hardtalk. i m stephen sackur. on the eve of russia s february invasion of ukraine, president xi of china and president putin declared their two countries enjoyed a friendship without limits. is that a strategic partnership that beijing may come to regret? my guest is influential chinese think tank founder and sometime government adviser henry wang. from a draconian covid response, to stalling growth, to a western alliance reinvigorated by that ukraine war, are china s vulnerabilities suddenly in sharperfocus? henry wang, welcome to hardtalk. thank you, steve. it s a pleasure to have you on our show. i m mindful that you were the founder, the creator of a think tank, the center for china and globalization. you said you wanted it to be a bridge between east and west. right now, it
to a western alliance reinvigorated by that ukraine war, are china s vulnerabilities suddenly in sharperfocus? henry wang, welcome to hardtalk. thank you, steve. it s a pleasure to have you on our show. i m mindful that you were the founder, the creator of a think tank, the center for china and globalization. you said you wanted it to be a bridge between east and west. right now, it seems many of those bridges are being burned. would you agree? well, i think it s. yeah, absolutely. we see things have changed a lot in the last five to six years, basically. and a lot of dialogue has been cut off. there s a lot of communications cut off. and most, of course, on top of that, the covid 19 pandemic has also isolated many countries. and also given the, you know, the trade war, the sanctions, the. ..ideological and tax code decoupling and all those things add up. i think that we really need to strengthen the dialogue, strengthen the communication and bridge building. absolutely. i ho