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BBCNEWS Talking July 5, 2024

a very warm welcome to talking business weekly with me, aaron hazelhurst. let s go take a look at what s on the show. the big china challenge. a year since the covid 19lockdowns. as the biggest economy back to full health. ongoing trade tensions with the us are some of the problems government is trying to tackle. this leading china economist will explain how the government needs to balance ambitions of the changing demand of a radically different younger generation if it wants the country to thrive. plus this former head of the international monetary fund china division tells me how beijing struggles are affecting all of us around the world. and keeping the internet free and fair. the big boss of web browser firefox tells me how her foundation is trying to compete with the deep pocketed rivals like google and apple and still have an influence. wherever you arejoining me from around the world warm welcome. china, s second biggest economy a trouser united states and is m ....

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BBCNEWS Talking Business June 4, 2024 05:32:00

Wherever you arejoining me from around the world warm welcome. china, s second biggest economy a trouser united states and is more than four times the size of the next on the list pan. what happens there matters. a year since the government abandoned coronavirus lockdowns economist are struggling and including vast debts of the property market in local government, soaring youth unemployment, an ageing workforce and trade tension with the united states. lost in decades and some say that was deliberate but it will be achieved according to the imf ....

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BBCNEWS Talking Business June 4, 2024 05:42:00

Of land, the local government selling the land that used to be a cash cow and not straight up and some of these governments simply will not have the funding to provide the services that they need to provide education, health. it s a major issue and if there is anything that was going to be the biggest challenge to the economy going forward because of some responsibility for the economy in 50% of revenue came from land sales and that is gone, they have to find alternative sources of revenue that rely on entrepreneurs and companies to do well and collect taxes. talking about manufacturing being a driving force of economic growth, i think it accounts for 20% of the economy but i m wondering, have we seen the end of china being the factory floor and other industries coming into play? ....

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BBCNEWS Talking Business June 4, 2024 05:47:00

The government is actively encouraging foreign companies to invest more in manufacturing. but i m kind of wondering what happens if that doesn t work? doesn t work? what china has been trying doesn t work? what china has been trying to doesn t work? what china has been trying to do doesn t work? what china has been trying to do is doesn t work? what china has been trying to do is promote i been trying to do is promote innovation domestically. the difficulty is the private sector feels it does not have the government s support and it has been holding back on investment. so china still relies on foreign technology. so now you have geopolitical tensions and the chinese economic slowdown that are deterring foreign investors from coming into china, they re also not bringing technological expertsive with them. this is going to make it very difficult for china to accomplish many of its economic objectives. haw its economic ob ectives. how important its economic ob ectives. how impo ....

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BBCNEWS Talking Business June 4, 2024 05:52:00

Browser that doesn t come pre installed. one of mozilla s biggest goals is to make the internet a global resource, open and accessible to all. mitchell, how can you do that for china when the internet is so heavily censored there? it’s so heavily censored there? it s a real so heavily censored there? it s a real challenge. some of the censorship we see at the human experience level, and others are in the internet and technology i m actually going to the un next week to discuss these very topics. and the consumer experience side, you know, their vision of how online works is very clear. and it is in service of stability of the society and the state. as many economies, including china, look increasingly to service industries for economic growth, mitchell, how important is a free and fair internet to that? and what do you think that? and what do you think that contributes to economic growth? that contributes to economic trowth? ., , that contributes to economic trowth? ., ,, . that ....

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