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Transcripts For BBCNEWS Asia 20240705

where sentiment has been weakening since about mid january on the lack of stimulus measures by the government. so after the last inflation numbers, so we could have an overreaction, but then again the trading restrictions being what they are right now it s very hard to play out the numbers especially with ten days of holidays coming up after tomorrow. yes. so what do you think the reaction from the chinese government is going to be then to these numbers that are worse than expected 7 i think because of the holiday period, they may be buying themselves a few days to think about what to do. it s really a demand side issue with them. as we saw with the alibaba earnings, people don t have the confidence right now to spend or take on debt. all of the measures we have seen so far have targeted the supply side, increasing loans, increasing liquidity. these are not enough. investors want to see some job creation type of investments, some reduction in some of the maybe the bureaucra

Transcripts For BBCNEWS Asia 20240705

announcement, for example, the auto sector. volkswagen says that it auto sector. volkswagen says thatitis auto sector. volkswagen says that it is monitoring the situation and is ready to take measures together with its partners if necessary. these key metals are important research for automotive parts and pay a role in future autonomous cars. these two metals are also crucial to make semiconductors. taiwan s worlds largest contract chip maker says it doesn t expect any direct impact on its production. despite the statement, the shares plunged almost 3% in trading in taiwan, over concerns of intentions growing tensions, and the us secretary s visit to beijing. a top chinese trade adviser says that this is just the start, sending a not so subtle message to the americans just before the counterparts are sat down face to face in beijing for the first time since the covid pandemic. still staying on the topic of those rare earths export limits earlier i spoke with shihoko goto

Transcripts For BBCNEWS Asia 20240705

former us diplomat who explained the balancing act germany has two trade with china. i germany has two trade with china. ~ , . , germany has two trade with china. ~ , ., , , china. i think germany is t in: china. i think germany is trying to china. i think germany is trying to do china. i think germany is trying to do what - china. i think germany is trying to do what it - china. i think germany is trying to do what it can l china. i think germany is| trying to do what it can do china. i think germany is - trying to do what it can do to enhance the economic relationship while still respecting the important political alliance with the united states of course the crux of this is ukraine, where both germany and the united states support ukraine at pushing back russia and china is on the other side of that with a warm embrace of putin. what challenges will both countries face moving forward economically? economically? there is a question economically? there is a question f

Transcripts For BBCNEWS Asia 20240705

america. his promise to create a national health system help him come close to winning the democratic nomination for president in 2016. so his decision to investigate the working conditions and one of america s biggest employers issuer to capture headlines and set up a robust argument about worker protections. for its part amazon has been criticised for the conditions is warehouse workers face in facilities all over the world. it s already being examined for its safety record by multiple us government agencies. amazon is also notorious for resisting all efforts to unionis? its workforce. now in response to mr sanders letter amazon strongly disagrees photo it says it has been able to reduce injuries across the us operation and has invested more than $1 billion into safety initiatives over the last four years. initiatives over the last four ears. ~ . ., years. meanwhile, indian prime minister narendra years. meanwhile, indian prime minister narendra modi - years. meanwhile, i

Transcripts For BBCNEWS Asia 20240705

there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina uruci o

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