Let us talk about that big celebration. China is marking its 70th anniversary and with it one of the most extraordinary and rapid economic transformations in history. From a relative financial minnow, the communist state has grown to become the worlds second biggest economy. As you can see from this graph, chinese economic expansion accelerated dramatically in the 1990s as a result of mass privatisations, and the opening up of the country but to Foreign Investment. But after decades of super charged growth the asian powerhouse only grew by 6. 2 year on year in the Second Quarter a far cry from the 14 growth of the 90s. But that all sounds worse than it is china has, to some degree, being intentionally slowing its economy as it moves away from dependency on investment towards more consumer driven growth. But there is a problem. The china us trade war. So far the us has imposed tariffs on more than 360 billion of chinese goods, and china has retaliated with tariffs on more than 110bn of
Fod hersecio. Rtunately, morer ad ever even makes it to the bay without being treated. Reporter the president has crossed socalled enemy lines before. First as a candidate in16 naming oakland among the most dangerous cities in the world even though st. Louis, baltimore, detroit, and new orleans all had higher homicide rates. Then in march 2018 he called oakland mayor libby schaaf a disgrace for warning undocumented immigrants about possible i. C. E. Arrests. To me thats obstruction of justice. Reporter and in january of this year mr. Trump lashed out at Speaker Nancy Pelosi tweeting, clean up the streets in San Francisco. They are disgusting. City leaders have always acknowledged the homeless situation is one of the citys most challenging problems. Needles and human waste have tarnished the citys imag worker ees,nchange. Has it gotten worse . Better . More . Less . Less. Less than before. Reporter it appears he may be right. Numbers from the Health Department show that in 2018 more tha
For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the
In the field, openai, has unveiled its latest chatbot called gpt lio. It has advanced capabilities, including seeing, hearing and talking in similar ways to a person. Our north America Business correspondent erin delmore watched the launch from new york. 20 years ago, the biggest Battle In Tech was over who would win the war for Search Engine dominance. Google took the prize and it isnt nowjust a multitrillion Dollar Company its also a verb. So now, enter the latest fight over who will lead on generative ai. The Start Up Openai took The Tech Sector by storm with its Chatgpt Chatbot in late 2022 that could answer users queries and carry out like human conversation. You are not a Vacuum Cleaner as of monday, we are seeing that conversation happened out loud. The company demoed a chatbot that can field questions and give out answers via voice. Ex hale slowly. In the demonstration, the chatbot was asked to help someone prepare for a presentation by taking calming breaths. That is it. How d
the union address last night before a joint session of congress. we also hear your thoughts ahead of today s vote in the u.s. senate on the two articles of impeachment against the aren t. washington journal is next. president trump: i m thrilled to report to you tonight our economy is the best it has ever been. our military is completely rebuilt with its power being unmatched anywhere in the world, and it s not even close. our borders are secure. our families are flourishing. our values are renewed. our pride is restored. and for all of these reasons, i say to the people of our great country and to the members of congress, the state of our union is stronger than ever before. host: president trump s state of the union is similar in the past in that it addressed legislative issues and policy and different than what occurred during the speech and how house and senate democrats reacted to it. we ll show you portions of the speech in our washington journal program today but