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de risking strategy poses yet another threat to foreign businesses operating there. i think the biggest challenge right now is the clear message from the united states government coming right out of the white house that they re encouraging us businesses to essentially what they call de risk from china, that they re encouraging us businesses to limit investment in china, especially when it has to do with industries that touch on national security concerns. one of the things that china had introduced over the weekend, they re offering tax incentives as well as help with visas. but is that going to work? i don t think so. not right off the bat. and i think the state council recently issued some guidelines in an attempt to essentially make investments in china more attractive. and i think it shows us three major things. the first is that it demonstrates that china knows that it s got a problem. its economy is slowing. it s got a housing bubble, unemployment is particularly ....
has to do with industries that touch on national security concerns. one of the things that china had introduced over the weekend, they re offering tax incentives as well as help with visas. but is that going to work? i don t think so. not right off the bat. and i think the state council recently issued some guidelines in an attempt to essentially make investments in china more attractive. and i think it shows us three major things. the first is that it demonstrates that china knows that it s got a problem. its economy is slowing. it s got a housing bubble, unemployment is particularly high and foreign investment is beginning to slow down. the second thing is they re saying the right things, that they re providing tax incentives and they re trying to they re indicating that they re going to protect intellectual property rights and they re trying to make the country look more attractive for foreign investors. but i think the third thing is the most important, and that s u ....
let s ta ke let s take a look outside stadium australia as the anticipation builds they are. the fans are arriving, they are. the fans are arriving, they have all got tickets. mostly failed with matildas fans. let s speak to shaimaa khalil, in sydney where fans are starting to gather. with less than one hour to go, it is best described as fever pitch amongst the matildas with you. film. amongst the matildas with you. oh, m god. amongst the matildas with you. oh, my god- the amongst the matildas with you. oi my god. the countdown amongst the matildas with you. (31, my god. the countdown started amongst the matildas with you. 1,u my god. the countdown started a long time ago, since the beginning of the day, but this is the real countdown. less than one hour to go in that epic semifinal between the matildas and the lionesses. as you can see, this is essentially a scene of green and gold. i am this is essentially a scene of green and gold. iam in this is essentially a sc ....
we heard that average uk wages were rising at their fastest pace in 20 years. katharine neiss is chief european economist at pgim fixed income. thanks very much for being with us today, katharine neiss. so clearly welcomed news that inflation has fallen to this point. still quite far off the bank of england s target, though. is everything going to plan or as we had expected? 50. to plan or as we had expected? so, toda s to plan or as we had expected? so, today s data to plan or as we had expected? srr, today s data are to plan or as we had expected? s57, today s data are not to plan or as we had expected? s513, today s data are not a to plan or as we had expected? sr3, today s data are not a surprise. it is encouraging, as you say, that headline inflation is coming down. no doubt uk consumers will be relieved to see that energy prices and food price inflation is beginning to cool. but, that said, core inflation, that is a measure of inflation that gives us perhaps a ....
increase won t come. let s not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. joining me now is neil shearing group chief economist at capital economics. thanks very much for being with us today. clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped? the fall in the headline rate of inflation, as you say, that s going to be welcomed by the bank of england. it takes a bit of pressure off them. but when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. as you mentioned, a lot of the fall in the headline rate, that is driven by what has happened to food and energy prices and that is out of the bank s control. interest rates don t tend to affect the price of our energy or food. those are set in global markets. what they do affect his condition ....