Alarm bells are ringing about the outlook for china, but officials remain confident this is a short term blip. Only last month, the chinese premier, li qiang, said his country was still on track to reach its annual Growth Target of around 5 , a modest target after china grewjust 3 last year, one of the weakest showings in nearly half a century. Lets talk through whats at stake with jane foley, head of fx strategy at rabobank. Iam hoping i am hoping she is there. Good morning to you. I am hoping she is there. Good morning to you. Good morning. A fourth month morning to you. Good morning. A fourth month in morning to you. Good morning. A fourth month in a morning to you. Good morning. A fourth month in a row morning to you. Good morning. A fourth month in a row of fourth month in a row of contraction although it is slightly improved from last month, hasnt it . It slightly improved from last month, hasnt it . Month, hasnt it . It has slightly month, hasnt it . It has slightly been month,
as well as future business conditions, the country is facing an economic slump as we have been reporting and unemployment has a consumer spending as well. to understand more let s speak to a chinese economist at oxford economics. thank you forjoining us on asia business report. what is your reaction to the readings we are seeing? your reaction to the readings we are seeing? generally we are disappointed. we are seeing? generally we are disappointed, we we are seeing? generally we are disappointed, we had we are seeing? generally we are disappointed, we had expected i we are seeing? generally we are| disappointed, we had expected a contraction in this activity but not to the extent but we have to recognise these are diffusion industries more helpful in telling us the direction in which things are going stop i would say that on the manufacturing side what jumps out at us as this is effectively driven by if you look at the subcomponents this is driven by to a large extent
of the post world war ii era. he passed away at his home in connecticut. here s a look back at his life from our diplomatic correspondent james landale. to landale. some, henry kissinger was one to some, henry kissinger was one of the cold war s most influential statesman who advised presidents and prime ministers for decades. two others he was a war criminal. whose ruthless defence of american interest cost thousands of lives. either way, the sweep of his life was immense. he was born heinz kissinger in nazi germany. his family fled to america in 1938 but the young henry, as he became, returned to europe fighting with the us army helping to liberate concentration camps. in peacetime the soldier became a scholar at harvard university making his name arguing that nuclear weapons could be used in conventional wars. n0 audio although in conventional wars. no audio although that is less desirable. it was president richard nixon who brought him into government, first as national s
That the manchester suicide bomber, salman abedi, was a potential threat. This week we get a health check on chinas engine of economic growth, its Manufacturing Sector. An sri lankas government is facing criticism for the sale of valuable Infrastructure Projects to china. Welcome to Asia Business report. From high tech gadgets do Economic Data to defence. They are all on the agenda for investors in asia this week. Tomorrow asias Biggest Technology fair opens in taiwan. And the state of the chinese economy has beenin the state of the chinese economy has been in the news recently with Moody S Downgrading the debt rating, and on wednesday we get another peek into the key Manufacturing Sector with release of the official purchases index. And on friday, top defence chiefs from the region will c0 nve lg e defence chiefs from the region will converge in singapore at a major annual defence caught. Early i spoke and asked what we could expect from the computex conference . And asked what we cou
And looks to push shares higher with a big money Share Buyback. Banking on big profits hsbc rakes billions of dollars and looks to push shares higher with a big money Share Buyback. And china cools the worlds second biggest Economy Saw Manufacturing growth slow last month, fuelling fears that chinese growth is on the slide. Welcome to World Business report. Im sally bundock. Also in the programme, we will show you a robot that can crack open your safe. First of all that silly when on the latest numbers coming from europes biggest bank, hsbc, reporting its earnings in the last 30 minutes. It made a pre tax profit of 5. 28 billion in the Second Quarter of this year. A from 4. 6 billion the previous time and analysts were expecting a high number but not as big as that. It announced a Share Buyback as many we predict in, looking at 2 billion worth. It looks to make the most of its huge cash pile. The move will effectively restrict the supply of hsbc shares in the marketplace of course and