it made millions of people homeowners in china. it's project sprang up in every province selling appointments, years before they were built. but in august of last year, the chinese government imposed new borrowing limits to crack down on debt and rain in and inflated property market. with the grown of ours pandemic pushing down sales, the heavily indebted firm began selling of assets at large discounts that further alarmed investors and since shares plunging. ah, let's introduce, i guess, in london we have garrath lever, senior economist and capital economics in beijing, vic to go check the best suited university and also vice president at the center for china and globalization. and in old orchard beach, that's a town and main of the us, adam hersh, visiting economist at the economic policy institute. very well, welcome to you all. let's start to make sense and beijing. mr. gow, how do you think this is going to play out? is ever grand destined to default? well, 1st of all, ever grants. problem right now is one of the biggest finan

. >> china seems to be gaining background. their sales are roughly flat in china. they beat consistent -- consensus estimates. the shortfall we saw in fiscal q1 was in india where we believe it was due to not having enough supply. shery: senior e-commerce and retail analyst poonam goyal with the latest on nike. be sure to tune in to bloomberg radio to hear more from the day's big newsmakers and get in-depth analysis from the daybreak team. now broadcasting live from our studio in hong kong. listen via the app, radio plus, or bloombergradio.com. plenty more ahead. stay with us. ♪ >> emphasizing different environmental issues and what that means in a different geological and local context and we want to prove that. it is not some altruistic philanthropic work. we want to reveal that after our investment because of our work, we transfer this company into creating more impact with quantitative data, yes. paul: that was the sylvan group managing partner speaking there. you can watch more from his interview with bloomberg's has linda on and on the new season of generat

edit has put pressure on china and its officials but when it comes down to it, china doesn't care. they are big enough and i think xi jinping has the political will and enough consolidation of power to make it happen, and that is where they are at right now. >> a lot of the activists that you speak to must be very concerned that china is getting away with whatever it wants and grandpa xi jinping is doing whatever he wants. is that a concern for them that radical voices are becoming lost? >> i think this is a fact we are already seeing over the last few years, especially after hong kong becomes one of the biggest targets for that crackdown, and the extreme level of measures that china is willing to impose on hong kong, bypassing the system that is supposed to exist under the one country, two system. those inside china who have been experiencing this heavy-handed treatment since the early 90's, they are basically pessimistic about how the outside world has any influence and leverage to lessen some of the struggles that they are facing. we are seeing different injustice being imposed.

he didn't mention china specifically. he didn't say the word china. he did mention -- he did not call out china specifically. but the message was clear. we want to really display a difference between what the u.s. is pursuing and what china is pursuing and to try to get nations around the world to take the u.s. seriously again from a -- from a foreign policy perspective. haidi: what is the rhetoric we hear when it comes to a coordinated effort in so far that we haven't seen before to get the world vaccinated? >> right. so tomorrow there will be a vaccination summit that biden will also participate in. and we have reported that the u.s. has pledged to increase the amount of veerches that it -- vaccines that it sends around the world. the shushes has sent the most amount of vaccines around the world and cystsized for vaccines that lay waste because there aren't enough people who want it in the united states. whereas there's countries around the world still clamoring for it. and so what we're expecting tomorrow to see is a real commitment by the united s

host: you mentioned china. many voices within the administration saying this is not about china, but a lot of the reporting says it was. i want to play some comments from the defense secretary that he made wednesday about the agreement. his perspective and then we will get yours. [video clip] >> this is not aimed at anything or anyone. the intent here is to help improve our trilateral cooperation and our cockle -- and our capabilities across the board. the first step is to focus on helping australia acquire a nuclear powered submarine capability, and we are going to work on that going forward and that's exciting and it is exciting because it will provide australia additional flexibility and capability and i think will be very beneficial to all of us going forward. but we will continue to explore many of the things that you just mentioned in terms of greater and more frequent engagement, air capabilities, more training opportunities for ground forces, and increasing our logistical footprint and australia as well

i think if you want right on china, gambling and plans in china, what could be better? liz: thank you, my friend. we will see you next time. there is the closing bell for this friday and for the week. green on the green. kudlow is next. ♪♪ larry: hello, welcome to kudlow, i am larry kudlow. earlier today president biden told us everything and massive spending plan is paid for. really? are you sure, mr. president? will have to dig in a bit on that. first, the size of the spending plan is not 3.5 trillion. scored by the cbo on a ten year basis, it's going to be at least four and aal

minors were in china. and even though they've all moved out and their physical location isn't in china, the biggest mining pools are still chinese. so i think it's safe to say that no one in china is taking these bands seriously, or at least they're finding a very clever way around it. and once again, that's the beautiful thing about big coin. you can't ban it, it's peer to peer. so if you have a willing and able counter party to trade it, you don't need to go through a financial institution of payment company or any other middle man. in fact, by doing this, china is actually proving bitcoin capabilities the way it was really design and meant to be used to actually instilling better habits than people here in the us who are still reliant on the convenience of things. i coin base pay power, robin hood. yeah, maybe maybe they're going and all of those announcements about the crackdown to think that eventually people will start listening if they just get to the 20th or the 30th time around and it continues to

on china's slowdown. goldman sachs thinks exciting over that and other global cyclical risks is looking overdone. the outlook is looking less friendly going into 22. they do see in improving outlook for japanese stocks. one play on goldman, they are looking to recommend shorting forty-year booms. the ecb wilt caper -- will taper in the next corner. kathleen: our next guest is suggesting a new playbook for central banks. joining us now is kristin forbes. previously an external member of the bank of england monetary policy committee. unofficial attendee at the recent kansas city fed economic symposium. in terms of this new playbook, got to go fast. you don't know when you need to start raising rates. there is so much focus on the jobs report tomorrow. what is the place for the fed of jobs and jobs growth in this new playbook? kristin: the traditional playbook is still very much the one that we are following. they want to see the labor market recovery. that is the big unknown right now. the fed estimates tha

against china. that was the case brought by the philippines and then we have no other countries in the region, vietnam, malaysia, all of which also threatens that, a china to the world court. so that's a problem that china has with it with its neighbors. and then of course, there is the big 900 pound gorilla in the road, which is the origin zip code. and you know, in millions upon millions of people have died all over the world. trillions upon trillions of trillions of economic value has been destroyed. and then needs to be some sort of a proper inquiry about lenny said chime and has become your response to me phone or our silly, silly accusations against other states. and there's no help the rest of the world, which has an right to find out about the origin. but my child gets to the bottom of george and i have talked many, many times about this. it looks like the by the ministration is not particularly interested in finding out about that. here, joe, let me go back to you. i mean, this is not an id

it is not an issue of going to china. china is coming to europe. they have invested in 10% of european ports. we have seen them doing exercises off the coasts of russia. europe does not have this mentality of sitting back and that it's far away but it is happening in their neighborhood. natassia: he spoke about the context of u.s. pulling out and playing back into certain parts particularly, in afghanistan. this is always a u.s. led mission that started with counterterrorism, became nationbuilding. europeans were always there because of this. out of solidarity with the u.s.. because this was always a washington initiative, why does the eu feel betrayed at the moment? >> i think it is because of the way the withdrawal was announced. there was consultations on an eventual withdrawal but i don't think there were consultations on the way that the timeframe withdrawal could occur over the summer. that caught everyone by surprise. it really showed that they have the choice of withdrawing on the u.s. timetable or not at all. that is a moment of strategic

it’s terms of trying to counter china's influences? it's quite a focus on — china's influences? it's quite a focus on defence _ china's influences? it's quite a focus on defence issues, i china's influences? it's quite l a focus on defence issues, and that will be an ongoing focus in relation to china. so, it's supporting and cooperating on military exercises. it's going to be an important process. the quad is keen to show... that's why you see the agenda of emerging around trade, health and so on. it wants to show the response, the quad can provide public goods. it's still a long way to go before it is capable of doing that, and when you look at china's response and how they are pushing forward, it's a tough game and china has advantages there. tam it's a tough game and china has advantages there. tom rafferty, thank ou advantages there. tom rafferty, thank you for _ advantages there. tom rafferty, thank you forjoining _ advantages there. tom rafferty, thank you forjoining us - advantages there. tom rafferty, thank you forjoining us on - thank you forjoining us on newsday. you'

alliance surrounding china. on the surface, we see that the u. s. and the k is empowering australia to have the nuclear submarine . i think the under one key reason for this empowerment is the u. s. inability to provide more defense budget to support this large spending of nuclear power summaries. so it is forcing australia to share the costs of maintaining such ships and also strategic positions and also. ready forces into soap toilet b and also window pacific region especially now that. ready there is increasing tension between china and australia. so china is what you're very closely the next steps of the free country alliance. or trying to can perhaps rest assured though that the leaders in washington and cambra, not exactly bosom buddies. and when announcing the security deal president joe biden appeared to forget the name of australia's prime minister. mister scott morrison. thank you born and i want to thank that trouble down under thank you very much appreciated as to privacy while a while frustrating fr

and it's been a monster for some time in china. this idea that housing is for living not for speculation, is kind of a mantra, but the chinese government under teaching thing has been using and essentially what they're trying to say is look, we're tired of speculation. we're banks being overly leveraged. we're tired of the pricing of housing increasing and we want to get that back under control. so they are causing a huge contraction here, but it's by design. now, i don't think the chinese government necessarily wants this all to unravel too quickly. and they don't want to see a major collapse of these companies, but what they're not going to do is jump in and intervene because this is in many ways a shift that is of their own making or trying to create some of this. and they're trying to hit reset on the way that housing is being treated on the way that loans are given out. in fact, they've already kept loans for a lot of banks in terms of what they're allowed to loan out. and so as long as what we don't see are, are the mortgages

the china pakistan, economic court, or a $60000000000.00 project linking the arabian sea to china's land lock west and beach and access to the indian ocean cbo, see is critical to beijing as today. china is the world's top oil importer for existing 542000000 tons of crude oil in 2020 last year. 53 percent of china's crude oil imports came from the middle east and passed through the indian ocean. well, let's get some analysis with collin co, a research fellow at the asked roger raton. i'm school of international studies. he's joining us on skype from singapore. thank you. very much calling for being on counting the cost. china has been very strategic in the way to expanding a switch and in the indian ocean. what is it and game ultimately, i know want to ensure that is on national interest are being met. and i think in this sense, that continue express who the lines of communications that will guarantee and i interrupted excess energy supplies that he gets from the middle east and not a rico and lunch, expending it the mummy. each press in the region, especially even the investment an

there are issues between china and the u.k., china and the u.s., china and regional countries. we have the south china sea, we have global issues with china, and what they have done to the uighurs in western china. we see chinese influence in international institutions with the who, the wto. the question is, how do we deal with china? can we do a better job shaping their rise so it is within this international rules-based order that we set up in the wake of world war ii? china seems to want to upset it and craft it in its own image. to me, what we are both saying is the challenge with china and beijing. >> i was looking recently at some speech president xi had given. this question of the multilateral institutions and rules-based international order, their thinking as they were not there when they were being set up, so why should they abide by those rules? it is so difficult. a single party state is a completely different entity than the united kingdom or the united states or our democratic allies. i sometimes take the view that economic growth in china will be accompanied by de

it was part of a china, it was returned to china. and when you have a years worth of riots in the street, which are being heralded by the united states by britain, no one says any words about it, there's just kind of tut tut, isn't a terrible news period. so you know, you, you want to put a rosy face on this thing and say that somehow these people, but is it a coincidence that tibet, taiwan, hong kong, sion, john, south china seas. these are all areas literally surrounding china, which are being used to attack it. and this is what you have in china. china is retreating and you're getting the exact opposite of what you were aiming at by attacking china is in fact being more defensive and big. why? because us and everybody else says that china is terrible. you cannot deny the daily drumbeat of nonsense that comes out of the press there. where is the evidence hallway? where is the evidence? i mean, all the evidence was passed by great britain, by germany, by everybody, but under pressure of the united states, they all withdrew and said,

largest— china have remained, china remains australia's largest trading _ china have remained, china remains australia's largest trading partner i australia's largest trading partner in support— australia's largest trading partner in support of— australia's largest trading partner in support of the _ australia's largest trading partner in support of the anxiety- australia's largest trading partner in support of the anxiety for- australia's largest trading partner| in support of the anxiety for some the australian— in support of the anxiety for some the australian economy _ in support of the anxiety for some the australian economy is - in support of the anxiety for some the australian economy is so - in support of the anxiety for some . the australian economy is so heavily reliaht oh— the australian economy is so heavily reliant on china, _ the australian economy is so heavily reliant on china, but _ the australian economy is so heavily reliant on china, but as _ the australian economy is so heavily reliant on china, but as security - reliant on china, but as security is so he

or canada and china. i'm actually deeply concerned that this is potentially opening a, a dark new chapter in china's relations with the world. in the sense that we can clearly see that this is hushes diplomacy. and china can also see unfortunately, the hostage diplomacy works. yeah, there is, i guess that consequence. i'm wondering what you think all of the timing why this is happened now after 3 years of mung detention. what do you think lead to the us agreeing to the deferred prosecution in exchange for her admitting illegal conduct? that's an excellent question and i have to say that i really don't know how this happened at the moment. i saw 11 joe, come in today that she attributed her release to sort of the strength of the motherland, right? she attributed this to china strength. now, i suppose that sounds better than attributing her own release to a dictatorships decision to hold to people in indefinite arbitrary detention in her favor. but i genuinely fear right that the triumphal, his tone that we

so much of western media loves to talk about china, criticize china, but very rarely do they talk to the chinese themselves. you are very notable media media figure in china and across the world. so i would like your thoughts about this new strategic alliance that is supposedly not directed against china. go ahead and basing and computer for the invitation. i'm speaking my personal, they have my personal capacity. so don't quote me as a special spence of the chinese government. so this deal is called a kind of security, a defense cooperation among the 3 countries. but i really don't think it fits into the notion of a cooperation because a co op and a cooperation is a word that has a relatively neutral and most preferably, constructive connotation. but there is nothing constructive in this deal. i would call it a secret deal of perfect the profiteering and provocation. why do i say that? it's a deal of poverty perfidy. as friends i said, you know, the united states, the u. k and australia. give friends a stab in the back and they feel a deal between france and australia and gave that

it is china's internal affairs. and if you have any, you know, contains or opinions, talk about it, you do that all the time. but to say that we need a military alliance to counter china. i think that is very far as, as far as the stab trying to see at the end of the japanese occupation, it was american washer. that carried chinese soldiers to those islands, which have been traditionally part of chinese territory. when you buy the maps of the south china sea in before this house out china sea to dispute started the 9 dotted line, was there nobody was contesting these water countries. i was claiming already already laying on building on these islands. china was forced to do whatever needs to protect its, its territory. the most important thing is these disputes between china and its neighbors that it has a dispute with and we are solving these issues. the, the south dakota condo hang on to hey, everybody, you know, todd no brain, don't know. please don't tell me going to games. games now. hang on, hang on. i mean, i'

yeah, i mean, the key role of china, this aligns between russia and china as unprecedented before the had the final soviet split. so you'd have to look before that. and then i think also with the war and ukraine, i mean, and the navy, you know, the threat of nato expansion in eastern europe has given as urgency and as attention in the region that makes these game very dangerous. and each country is building up its military arsenal at this time. so if a hot war broke out, it would be horrible. well, and i want to bring in a shame because jerry, you look at things going on in various countries here in the united states, the past 4 years, 5 years, even 10 years, there's been a lot of anti russian rhetoric and so i'd say it's deserve so i might say it's not, doesn't matter, it's there and it's actually can be very dangerous. or do you actually see that same type of rhetoric happening on china towards the russians rushes towards china rushing towards the american? is it really just one sided that america is trying to continuously demonize and make russia out to be a villain? i think so, i

shaking off china headlines. the nasdaq, up 99, advancing .6%, up 97 the russell doing edits, up .2%. are you surprised by how well the market is taking it? tom: no. jon: how well the federal reserve guided us to this moment? tom: they do not believe the hawkish story. i think that is what it comes down to, the fed is a hawkish tone and the regional presidents and the markets are saying no. jon: in the bond market, twos, tens, and 30's look like this. yields higher by three basis points. yesterday, yields lower at the long and. tom: look at the 30 year bond. jon: down by three basis points. still sub 100. that spread is coming in over the last one he for hours. we can build on this to the next now. setting us up for the discussion through to down bloomberg tv and radio. i won a finish and china. here is the story for evergrande. two bonds in two interest payments due. it looks like we might have dealt with that. that is the indication yesterday. the dollar bond, $.29 on the dollar, deeply distressed. deeply distr

well, if you look at the defense system in china and the us china defense system is, is very passive in a sense, in terms of, for example, nuclear heads, most of the defensive purpose not for attacks. so, you know, if you look at what did us has died in the past 100 years, the launch war every 2 to 3 years. but china has rights to is current that is largely through peaceful means. professor benjamin charles from the shanghai international banking and finance institute. joining us live here on this thursday morning on are you into national a very good morning to you. thank you for your time. while europe is currently reeling from a price shock on its energy market, the natural gas price in all time record on wednesday of almost a $1000.00 per 1000 cubic meters of this comes ahead of the winter demand surge and it's being driven by a gas storage shortfall and a shop drop in wind power. the crisis is likely to meet higher builds for households or across the continent. and off the skyrocketing on wednesday, the price has now stabilized with analysts warning of the swings. well, the curre

bloomberg's stephen engle spoke yum china yum china to --spoke to yum china's joey wat. >> the first 10,000 stores took us 30 years. we will definitely do the next 10 thousands much faster. if we look at our new store opening numbers in 2016 and 2020, we doubled the number of new stores. when the growth of the chinese economy stayed at modest growth rates, the store opening has gone up -- the new store opening number has gone up there and why ? because of agility and innovation. in the past, investment gold was 3 million plus and right now, we can do it at one million, 2 million, 3 million. it is very flexible and we just look at the location, and we have our model going to that. evergrande -- stephen: supply chain digitalization, what does that look like to you? joey: we can't go backwards. we are looking at store digitalization. but what about the supply-side, the digital linkage between a store and the supply chain? that is how we can really improve productivity of our supply chain, because we are one of the few companies that, we have our own supply chain, our own trucks, our own

throughout china. the chinese have said you cannot compartmentalize this. the u.s. is saying we can compartmentalize it, but china says we have to deal with the other questions as well. i do not think it can be separated from everything else that is happening. tom: this is like the miss america pageant except we are doing it with daniel yergin. i will announce my book of the year next week. let's have miss america come out one last time on last year's book of the year. daniel yergin, the new map, my book of the year last year. it is a tour de force and onto the must lead -- the must-read of where we are right now. the appendix on the south china sea. professor juergen -- professor yergin, thank you very much i cannot say enough about the book. lisa: i want to say, i think miss america is a misnomer. i think we have to have a bloomberg surveillance book prints. we should have a new name. tom: i talked to our editor-in-chief about this. it is a question of time and the crunch of doing it. what do we do?

the main reason for the alliance containing china, we spoke in detail about china as the stabilizing activities in beijing efforts to course and intimidate other countries. contrary to establish rules and norms, we will remain clear eyed in our view, a beijing's efforts to undermine the established international order. we discussed the competition of china at a number of levels that requires us to respond and to increase resilience. this does not mean that there are not constructive areas for engagement with china straight. it continues to sake dialogue with china without pre conditions. not surprisingly, beijing condemned both the alliance and the submarine deals may war. war. we are, the leon cut her turn to the export of highly sensitive nuclear power. sibling technology by the united states and britain to australia once again proves that they are using nuclear exports as a tool of geopolitical games on adopting double standards, which is extremely irresponsible which entities in washington journalists pummeled the ministers with questions about the security pack. is check in chin

and china. are they the highest margin buyers? do they pay the most money, china? >> china is a very important market. besides north america where we have -- the rest of the world, china counts about one third and it is correct, the youngest buyer of porsche is in china. that is big potential. to get all of these young chinese fans of our brand. therefore, we are looking forward to how the markets will develop into order intakes. we are at an all-time high in 2020 and this year we are going for another record. >> you are not concerned about the new regulations, the idea that they want to redistribute wealth? you still are going to sell as many porsches as you can. >> we are not worried and we are well prepared. from our sustainability story and also the investments we do in china. in the end, we can count on our friends in china. >> you were talking about the battery supplier you're working with. it seems like at this show, everyone is scrapping to get battery production. you obviously want to g

selfish geopolitical gains or smearing china. there, interfering and chinese domestic affairs. as facts of proven china, not only a major engine for economic development in the region is also for stability and peace. china development represents a force for peace in the world and the regions development also here is katrina you in beijing in beijing says the china feels the alliance will cause irreversible damage. all relations between beijing and camera are in very bad shape. an analyst that i've spoken to here says that this really is the nail in the coffin, that if there was any opportunity for the relationship to improve this really close that often, we do expect the relationship to remain frosty, for at least some years to come and china's relationship with these other countries through the u. s. and the u car also worsening. china has repeated its rebuke. of the security packed accused. these 3 countries of harboring a cold war mentality of creating an exclusionary block and of interfering in china's internal affairs. we ha

becoming a vassal of china. so the u. s. is not really a good example of anything anymore. so the fact that the u. s. would be mimicking this. the platforming that we see in communist china should be now surprised because we gave up our liberty so to speak long ago. so it's unfortunate, but as you point out there, the, the reason why they're doing this again is jealousy. there's a celebrity, they're getting more hits on social media. so the government deletes them. it's very petty. there is no e can nomic reason for it. it's a matter of fact that will destroy their economy and it's repetition of history. we've seen this now for thousands of years with china. it's very silly. my point is that the u. s. as mimicking them are at least are mimicking their what one of the explanations for what's going on there is like, for example of the celebrity, the children of the celebrities are banned now from appearing on television, they can't go on all the game shows and stuff like that they because they're becoming their ow

let's talk about the china story. mr. dalio in a bloomberg radar event saying it's a part of the world will neglect not only because of the opportunity provides but you lose the excitement if you're not there. damien, there's been some excitement in china that's for sure. let's talk about with happening in credit. >> we have to focus on the largest property manager in terms of debt outstanding in china and effectively downgraded to double see which puts it into almost default. you 13 million in cash on hand, -- have 13 million in cash on hand. they will be spending interest payments on bank loans that are due on the 21st of this month. effectively the default is in the works and that's not a good thing. we see the spill over in china credit specifically. all of those bonds trading at a significant discount in the case of one's own it some -- nowhere near ever ground which is trading at $.25 on the dollar. jonathan: this is a century planned economy. the questions you ask about what happens in china are not questions you t

making china a global leader. investment and already -- in china. and i send my best wishes. >> laura: the fact is these ceos are responding to the clinical does political climate. they have watched as our leaders in the u.s. have template the china threat. >> turn it is going to eat our lunch. come on, man. >> there's no u.s. strategy to push out against or be in conflict with china. >> china is a rising power. that is not to say, however, that they are an enemy. >> they are not competition for us. >> laura: be their own government -- not seem to care if china does things like threaten taiwan work slaughter thought leaders, destroyed its freedom in hong kong, why should elon musk or tim cooke or the head of ordinance ask for that matter put the most recent example of biden's embarrassing tribulation the form of a prisoner swap. china took two businessmen prisoner to force the u.s. to drop its extradition request of a waterway executive in canada. the chief propagandist insisted this was all an uncanny coincidence. >> it is important to note and bee

she was the reese witherspoon of china. of course this is several months after jack mott disappeared because he made the mistake of criticizing the financial services regulatory backdrop. a lot danger investing in chinese companies he got larry fink from blackrock saying they need take their allocations to chinese stocks up by three times, three times and you had ray dally oh at the greenwich investment forum this week saying this is all manageable by the way all of this is not just an investing story. this is national security issues. and yet joe biden did not even address china and the general assembly this week, senator. >> is been priority in the administration that let made a lot of money investing other people's money in china. there's a lot of people and a lot of companies made a lot of money gaining a small population is very large market. they want that to continue not just ten years from now they will be here ten years now they want to know how much money can the make for their funds, their investor, their company

if china holds course, and japan. there is a real angst among the korean population towards china that certainly goes back to the heavy-handed approach they had when we deployed batteries for self-defense purposes. given what happens, south korea's trying to develop its own defense capabilities for protection. [indiscernible] i don't think anyone has to say that south korea has ambition. those are for defensive capability to defend their homeland, and they are perfectly acceptable. i can certainly see a chinese overreaction to say, well you cannot do that. i think that is totally inappropriate on china's part. we certainly support south korean facilities and defensive capabilities. >> there does appear to be a gap between the policies of the government and where the public is on china. it is a larger gap that we have seen in quite some time, i think. i don't know that is something that is eventually going to be worked out in the upcoming election, but maybe there will be an international debate on the issue as part of

alliance surrounding china. on the surface, we see that the u. s. and the k is empowering australia to have the nuclear submarine . i think the under one key reason for this empowerment is the u. s. in the ability to provide more defense budget to support this large spending of nuclear power summaries. and so it says it is forcing australia to share the costs of maintaining such ships and also strategic positions. and also. ready forces into soap toilet and also window pacific region especially now that. ready there is increasing tension between new china and australia, so china is watching very closely. the next steps of the free country, a lie ortiz special investigative project, read fish, as well as page and instagram deleted by the platform. it follows a similar move by facebook in april this year, before his page was block, read fish had 400000 followers. it's been facing increase pressure in recent times, such as it's content being labeled, rushing, controlled media, read fresh, contacted both instagram s

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a moment of truth for china evergrande. shares search along with other developers a sentiment turns positive. the fed chair says they could scale back asset purchases in november. global stocks rally. the bank of england's policy puzzle, we will get decisions from the boe and central banks in norway, turkey, south africa and more. welcome to the european market open. 7:00 a.m. in london. 2:00 p.m. in singapore. the fed with a more hawkish tilt but not much of a reaction and markets. what are you looking at? mark: you are right, it was a moderate reaction for markets. a little disappointing actually. we have gotten used to the fomc boosting markets. they added clarity on tapering that might help markets, but overall it is not trading enthusiastically. people are dying to get back into risk and not buy this dip. everything we are watching around evergrande. if you look at the monitors, risk on day, but it needs context that hong kong stocks were closed yesterday. we expect them to open higher. the rise is subdued in context o

checking in on indo china. what was left of tropical storm concent has really moved from an end of indo china to the next. so still heavy rounds of rain for western portions of thailand. rate in 2. yeah. mar. on thursday, off towards the sub continent and our mon soon reins. really do in a number here toward northern portions. so i wanted to show you ground level. now this is good route. it has been raining non stop here for days, but over the last 24 hours, 500 millimeters of rain cars being swept away here. and our most intense rain is really falling toward months of pradesh, pradesh. but look at this on thursday. we start to see that rain, peter out for a good you're at, but we know it will take time for water levels to come down soon a bit. the weather sponsored by cattle airways voted world's best airline of 2021. meteorites, small natural rocks for outer space that survive the journey down to us and have high market value for rock and minimal collectors. also is evil worlds joins the moroccan nomads in th

what is china actually saying? >> hello. yes. the issue we have had with china has been saying this on a few occasions. this is not the first time we have crackdown. we close down mining's. i do think the key part of it is it is not a one-off, big announcement. it is part of a series has been going on for years. how serious are people going to take it? >> it seems more absolute, richard. they have said before, no mining. they've also said, they do not want any transactions with institutions or payment systems, but now, they are saying, essentially, any transaction with crypto is illegal. that seems to be a step further that i recall china ever going before? . bitcoin is only falling to a level we saw earlier this week. his china not getting a little more absolute with this? should we be more concerned this time? >> i think they have become a bit more absolute. on the other hand, is china not being involved in having control of the supply of bitcoin and the mining, with benefits in the long term. people are seeing a short-term dro

but when it comes down to what i can get this point, china doesn't really care like china is going to do, which i don't want and they're big enough. and i think she's jumping as a political will. and a political enough validation and power to be able to make it happen. and i think that that's generally where they're at right now. we mean, a lot of the activists that you speak to a lot of the people you speech in your course in your daily course of journalism must be very concerns. the china simply is getting away with whatever at once. and grandpa, she is actually basically just doing whatever he wants to do is that a concern for them that the voice is radical. voices dissenting voices are just becoming lost right. i think this is already a fact that we are seeing over the last few years, especially i think, after even hong kong becomes one of the biggest target for the crackdown and the extreme level of the measures that china is willing to impose on hong kong, bypassing all the existing system that are supposed to exist under the one country to system. i think those who are inside c

is trying to contain china using would china cause gangs, as in the u.s. and its partners getting up on china. but the china experts also pointed out that the chinese-australia relationship is already bad. china's wrath may be pointed to london. prime minister boris johnson was part of this announcement. china has not punished london economically yet. even though the experts say that this is a response to chinese behavior, that the uk and australia are creating this land in order to counter chinese behavior, there is no sign that china has any intention of changing its own behavior. judy: significant developments. nick schifrin reporting on all that. meantime, our yamiche alcindor was at the white house, in the room where the president spoke, and she joins me now. so how does this announcement, this set of steps feeding with all the other international challenges the president is facing right now, in particular, afghanistan? yamiche: at the president is facing challenges on the foreign and domestic front. he had the spirit of optimism, this idea that this

but you know, you look at what china is doing. china is not necessarily courting hollywood. in fact, it's difficult. you know, if you're an american producer, there's only so many films that are allowed in china each year. so the chinese are more interested if you ask me logically and financially speaking and controlling the narratives. right. that's why when it comes to allowing up american films in and we've seen in the past with complaints from hollywood studios that both back and forth in dues and, and chinese basically, chinese saying that they're being misrepresented in hollywood. hollywood studios. not wanting to necessarily change things, they'll be forced to change things in big movies to, to placate china. so when you say like the chinese need netflix from their perspective, they're the 2nd largest box office or potentially the biggest box off the world. the moment they don't see any need for american films, in fact they're, they're making, they're producing so much and they get somebody found the biggest films in china, our chinese films now. so we're not at a pla