for the second quarter. we can provide hints on whether the bank ofjapan will continue to remain an outlier and keep interest rates ultra low. earlier, high speed two fidelity international s catherine yeung who said china is facing a confidence problem. it is lack of confidence within the consumption and corporate sector. in fact last friday we had july s money supply and aggregate financial data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. tomorrow we will get some extra data out. but really what is the biggest problem facing china to get its economy up and running? if china to get its economy up and runnina ? . , , ., china to get its economy up and r
provide hints of whether the bank of japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep interest rates ultra low. earlier, spoke to fidelity international s catherine yeung, who told me china is facing a confidence problem. just this lack of confidence both within the consumption sector as well as the corporate sector. so if fact last friday we had july s m2 money supply and aggregate financial data released and it was marginally weaker than expected. so tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. so again policy isn t going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. be this continuing tweaking to be accommodated. tomorrow we will aet be accommodated. tomorrow we will get some be accommodated. tomorrow w
things like volatile food and energy prices, so called core inflation was 4.7%, the lowest since october 2021. the good news is that inflation has drifted down from last summer s a0 year highs, but it is still well above what the federal reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they don t need to raise interest rates further. the us central bank, you may recall, raised its benchmark interest rate to more than 5.25% percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. so while it s too early to say mission accomplished from the white house to wall street, there is a sense that progress is being made in the world s largest economy. china s e commerce giant alibaba reported its strongest quarterly revenue growth in almost two years, pushing its us listed shares up more than 4%. earlier this week, the latest data showed consume
prevent capital from some investing in high tech sector investing in high tech sector in china such as quantum computing, artificial intelligence and advanced semiconductors. the goal is to stop the speed up of technology that could help china develop weapons for use against america in a military context. we put also require firms to make arrangements to report activities. potentially laying the ground for more restrictions down the road. the regulations are not expected to take effect right away and there will be a period so businesses can weigh in on the proposal. china is the world s second biggest economy, a vital market for american companies and the concern expressed by some us executives may explain why this order has not been released until now even though expected back in february. a senior official described the move as targeted saying this is our national security action not an economic one and adding the us is not decoupling our economy. the move is likely to upse
beijing has reacted angrily saying it s gravely concerned about the order. a spokesman for the chinese embassy in washington said the curbs seriously undermine the interests of chinese and american companies and investors . but republicans have said the restrictions don t go far enough. from new york, michelle fleury has more. this is a new front in the tech war between two global superpowers. the restrictions prevent american private equity and venture capital firms from investing in high tech sectors in china such as quantum computing, artificial intelligence and advanced semiconductors. the goal is to stop us capital and know how from speeding up the development of technologies that could help china develop weapons for use against america in a military conflict. it would also require firms making investments in a broader range of sensitive chinese industries to report that activity. potentially laying the ground for more restrictions on investments down the road. the