Pacific. According to these findings, the region is expected to see a slowdown in growth next year, partly due to a lack of post pandemic recovery from china, the well s second largest economy. A look at the report, joined by chief economist at your expecting a stage in pacific growth to slow due to the chinese slowdown. What steps can countries in this region take an urge to mitigate some impacts? take an urge to mitigate some imacts?. , , impacts? you re absolutely riuht. Impacts? you re absolutely right jen impacts? you re absolutely right. Jen has impacts? you re absolutely right. Jen has been impacts? you re absolutely right. Jen has been a impacts? you re absolutely i right. Jen has been a powerful right. Jen has been a powerful engine for growth in the world and slower growth means lower growth in the region. china. It needs to do more on its own to grow and that needs reform. First of all, of the service sectors sound breaks up. . . Not notjust for not just for service
For chinese shares. A good day for china investors today. Not a huge surprise given a number of factors impacting on the china markets today, the largest of course being stimulus and hopes of more stimulus. Just before the golden week holiday we heard of a number of measures designed to boost china s economy, including a cut in rates as well as extra liquidity to boost the bank lending and about $350 billion to support china s stock market as well. The recent stimulus measures, have are chemical in generating and changing what are often some structural problems that come about in the chinese economy? come about in the chinese economy? come about in the chinese econom ?. ,. , economy? there have been a view. Is economy? there have been a view is when economy? there have been a view. Is when it economy? there have been a view. Is when it comes economy? there have been a view. Is when it comes to view. Is when it comes to turning around china s fortunate this part of the cycle, but i
In almost 50 years. And india softens restrictions on rice exports. Well be live in mumbai. Welcome to business today, live from new york, i m ritika gupta. Us stocks inching lower this morning but, Wall Street is set to end september on a high. And earlier today, we saw a strong rally in asia chinese stocks surging 8. 5 off the back of more stimulus introduced by the chinese government. Joining me now is bob doll, ceo of crossmark global investments. Thanks forjoining us. Chinese stocks post their biggest one Day Rally since 2008, not seeing that feed into us markets. What are your thoughts on adding china to your portfolio . We are still sceptical. There is no question the government took a week ago are very strong, positive for china internally, but we are not sure that will spur much more demand and that is what they need. China is facing with their Debt Situation and Real Estate situation, some deflationary forces and it will take awhile forces and it will take awhile for them to
In other developments, hezbollah s Deputy Chief says it is ready for an israeli Ground Offensive and will keep up the fight against israel. The group will choose a successor at the earliest opportunity after the assasination of the Groups Leader, Hassan Nasrallah, by israel on friday. These are the live pictures from the same area. You can see the smoke still rising. Well, we had been able to see some of the smoke rising over the city. A Planejust Landing there. But that is the scene there. But that is the scene there in beirut. There is some of the smoke after that wave of israeli strikes has been continuing. 0ur Correspondent in beirut, hugo bachega, has the latest from there. In beirut, eyes on tv to watch hezbollah s number two, naim qassem, who spoke for the first time since the assassination of the Groups Leader by its greatest enemy, israel. And he was defiant. Speaking from an undisclosed location, he said the killing of Hassan Nasrallah last week was a big blow. But he tried t
On mortgage takers and also removal of purchase restrictions in some of china s largest cities. Finally, we have not seen it yet but it is very likely that they are likely to have another round of fiscal stimulus. Likely to have another round of fiscalstimulus. I likely to have another round of fiscal stimulus. I will say that this is something that we have not seen in a few years, ever since the global financial crisis. I think it is a clear message that the government is willing to increase support for economic growth. Talking of efforts to try and reboot growth. Thailand will start handing out $300 to every citizen part of a $14 billion stimulus package. The scheme has been criticised by economists, including two former central bank governors who say it is fiscally irresponsible. The government rejects that, but has struggled to find sources of funding. Japan s incoming prime minister has signalled continuity over the weekend as he makes key cabinet picks. Shigeru ishiba won an