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Live from london, this is business today. We start with uber, the us Tech Firm that has become a global transport giant. Around The World some 6 Million people work as drivers and couriers through the uber app, and their services are used by 150 Million people at least once a month. Well, the boss of uber, dara khosrowshahi, has been talking to our business editor simonjack, about their plans to make the firm greener and get more of their drivers using Electric Cars. But hes worried that trade tensions with china are getting in the way. The us and europe are hitting chinese Electric Cars with hefty Import Taxes or tariffs ....
After the chinese government chose not to announce any additional measures today. Chinas chief economic planning official, zheng shanjie, told a Press Conference earlier hes fully confident the country can hit its 5 Growth Target for the year and had no further policies to reveal to boost chinas struggling economy. For more im joined by Alicia Garcia Herrero chief asia pacific economist at the bank natixis. Has that disappointed investors . Did they expect more . Yes they did because there was already a softening of the market overseas. Of course the chinese market was already closed. But already by friday you could see overseas markets waiting for more on the fiscal side. This Press Conference was announced in china and there was a big expectation that i ....
Major markets in china. What you make of the figures? a good da for you make of the figures? a good day for china you make of the figures? a good day for china investors you make of the figures? a good day for china investors today. I day for china investors today. Not a surprise given the number of factors impacting the china market today. The largest being stimulus and hopes of more stimulus. Just before the golden week holiday we heard of a number of measures designed to boost the china s economy, including a cut in rates as well as extra liquidity to boost bank lending and about $350 billion to support china s stock market as well. We know there is another announcement by the ending rc in about 30 minutes time and ahead of that announcement, we are seeing expectations rent further economic policies ndrc. In singapore, we are seeing the iron ore price up by 2. 9% and in australia where senior tree market, which is heavily reliant on commodities, go from a very weak open to l ....
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 ....