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Transcripts For BBCNEWS Asia 20240704

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 theyre encouraging us businesses to essentially what they call de risk from china, that theyre 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, theyre offering Tax Incentives as well as help with visas. But is that going to work . I dont 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 its got a problem. Its economy is slowing. Its got a housing bubble, unemployment is particularly high and Foreign Inve

Transcripts For BBCNEWS Asia 20240704

Has to do with industries that touch on National Security concerns. One of the things that china had introduced over the weekend, theyre offering Tax Incentives as well as help with visas. But is that going to work . I dont 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 its got a problem. Its economy is slowing. Its got a housing bubble, unemployment is particularly high and Foreign Investment is beginning to slow down. The second thing is theyre saying the right things, that theyre providing Tax Incentives and theyre trying to theyre indicating that theyre going to protect intellectual Property Rights and theyre trying to make the country look more attractive for foreign investors. But i think the third thing is the most important, and thats us companies and Multinatio

Transcripts For BBCNEWS The 20240705

might say it is naive, england would say it is brave. they scored quickly again and have given themselves a chance to reclaim the initiative on the third day here at lord s. manchester united have agreed a deal to buy england international mason mount from chelsea. talks to try to resolve the impasse over a fee for the midfielder have been successful, with an initial £55 million agreed that could rise to 60. mount will sign a five year deal at old trafford. ex chelsea midfielder n golo kante has bought a football club. the france international will become the chairman of the belgian third tier side royal excelsior virton on the same day he joins the saudi arabia pro league side al ittihad. the greatest cycle race in the world gets under way this weekend. the 110th tour de france will start in bilbao that s spain, of course on saturday. but the traditional grand depart always begins on the thursday night. tadej pogacar is one of two overwhelming favourites for the yellow

Transcripts For CNNW Early 20240706

desantis is finally in the race for president but not without a hitch right out of the starting gate. the governor s unusual choice to announce in an audio interview with elon musk on twitter, it was plagued by glitches and started 25 minutes late. desantis on fox later making light of the technical difficulties and laying out his vision for leading the country in a different direction. i m running to lead a great american comeback. we know the country is on the wrong track. we see it with our eyes. we feel it in our bones. we see the border being overrun, we see crime infesting the cities. what i will do is help restore normalcy to our communities, integrity to our institutions and sanity to our society. jessica dean is in miami with more on desantis big unveiling. r do you go with the crowd or do you look at the data yourself and cut against the grain? and i chose to do the latter. reporter: florida governor desantis attempt to declare candidacy for president in

Transcripts For BBCNEWS Asia Business Report 20240706

which could lead that kicked off on monday in washington. and north america correspondent is they are and has a preview of those meetings. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result however, we have some of the weakest growth projections by the international monetary fund since the 1990s. with the worlds finance ministers and central bankers all meeting in washington this week the increasingly fragile global economy will certainly be the focus along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. the high inflation however is already having an impact on poorer countries, pushing them further into financial distress, given the uncertain global economic outlook the imf believes many more countries will be looking to the imf for help. for more we can speak now to don lipski, he s a share of the national bure

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