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Our main story this monday morning here in asia, china has stepped up its efforts to restore stability in the economy, saying there is no basis for a creationist for appreciation. Where did you go, joe . That was the question. I have been asking this repeatedly. Since august, there was not a lot of comment. He had his deputy give a press conference at two days after that in august, or is in as in 2005, the architect of the yuan liberalization was on state media within 48 hours of that big the pegging from the dollar in 2005, this time, he was kind of silence. He had maybe a few comments of the g20 meeting, he was not a davos. Double joe resurfaced in a Time Magazine article where he basically went down a long list of concerns. , there is no basis fall, theing yuan pboc has been sending it since that august evaluation. He says balance of payments are good, he says outflows are normal. Exchange rate is stable, even though it is down ....
domestic consuchtion helps its services sector see improved new orders and jobs growth in june. but the latest numbers out of china show weakness in the job market. you re watching worldwide exchange. bringing you business news from outside the globe. so welcome to the show. thanks for joining us on worldwide exchange today. happy holidays if you are in the states as well. we re just looking out for figures from the eu. services pmi numbers for the eurozone as a whole. we ve had some of the broken down numbers. this is the eurozone as a whole. june services pmi came in at 47.1. 47.1. so below that sub 50 level which indicates contraction. but a bit better than had been expected. the forecast was for 46.8. came in at 47.1. also an improvement on last month when we had 46.7 was the reading. so better than expected. and an improvement on last month for the eurozone as a whole. now at 1500 cet or 2:00 p.m. london time, bob diamond will appear in front of the securit ....