35 Burst results for "President Xi Jinping"
AP News Radio
Pentagon: Budget readies US for possible China confrontation
"The Pentagon says it's proposed budget will help the U.S. get ready for a possible confrontation with China. Amid a growing alliance between China and Russia, including president Xi Jinping's visit to Moscow this week, The Pentagon says Chinese actions are concerning. Moving it down the path to its confrontation and potential conflict with its neighbors and possibly the United States. Join chiefs chairman Mark milley and defense secretary Lloyd Austin told a House panel, The Pentagon's $842 billion spending pitch would help ensure the U.S. can deter China if needed by boosting capabilities in the Pacific and modernizing the force worldwide. Reparation for war and deterring war is extraordinarily expensive. But it's not as expensive as fighting a war. Sagar Meghani at The White House.
AP News Radio
China calls Xi's Russia visit one of friendship, peace
"China says president Xi Jinping's just concluded visit to Russia was a journey of friendship cooperation and peace. The trip signaled no new progress in ending the bloody conflict in Ukraine, while shoring up, president Vladimir Putin standing amid growing efforts to isolate him and his government internationally. Chinese foreign ministry spokesperson Wang Wen bin says China will remain neutral in the conflict and its efforts were aimed at promoting peace talks, Wang also accused the U.S. of lacking impartiality and fanning the flames of the conflict by providing defensive weapons to Ukraine. I'm Charles De Ledesma
AP News Radio
Japan, China leaders visit rival capitals in Ukraine war
"Japanese prime minister fumio kushida is in Kyiv for talks with Ukrainian president volodymyr zelensky. Kushida began a surprise visit to Ukraine early Tuesday, hours after Chinese president Xi Jinping arrived in neighboring Russia for a three day visit the dueling summits come as the longtime rivals are on diplomatic offensives because she does surprise trip to Ukraine, comes just hours after he met with Indian president Narendra Modi in New Delhi, kushida who's chairing the group of 7 summit in May is the only G 7 leader who hasn't visited Ukraine and was under pressure to do so at home. He's expected to offer continuing support for Ukraine when he meets with zelensky. I'm Charles De Ledesma
Bloomberg Radio New York
"president xi jinping" Discussed on Bloomberg Radio New York
"The Chinese policy with Chinese characteristics is those so called policy banks, giving out loans to local governments. The policy bank China development bank that's a major policy bank. The other risk is that president Xi Jinping will want to talk about common prosperity, which will probably turn off investors around the world because common prosperity is not really what they want to hear about because that would probably necessarily mean more crackdowns, right? Yeah, so I think what's happening with the China market is that before that investors will say all China is a long-term play because of economic prospects. The China is changing like we already know the Chinese demographics is changing. Populations started to dip. Young people are not having enough children. And then another problem is all the crackdown. So what global investors would you start to see a lot of so called macro torrents? They come in and out in and out. You know, when there's suddenly opening, they come by very quickly. And then they take profit after 30 40% capital gain. And we already seeing that. And basically China is becoming like Japan that says it's becoming rather than a long-term place. It's becoming a macro tourist play. Wow. Will president Xi Jinping worry about macro tourism or will he accept it? He probably wouldn't like it. I mean, no government won't portfolio hot flows in and out. He probably wouldn't like it. Yeah. The other thing is the developer is surely it looks like there was going to be this massive crackdown, then he eased off for perhaps it was because cobalt zero was just so negative for the economy, but what's to become of the property sector is China already overdeveloped I think so China is a property factor has true stories. If you look at computer one cities like Shanghai and Beijing, those are property markets have stayed pretty firm because they are the financial and commercial hubs where everyone wants to go away. But if you look at like the third year of fourth tier cities, they were being very, very much overdeveloped. I mean, China's urbanization rate had bought. President Xi Jinping actually doesn't want so many people in smaller city, right? So the property sector's biggest problems are the smallest. The ones that you have never heard of. Patients have so much inventory. I don't know what the government is going to do about them. And then, of course, there's the tech crackdown and the most recent chill that went through markets was when Bao fun disappeared, who was apparently the banker to most of the tech companies. So then his company renaissance said that he was helping the authorities with investigations. What does that phrase mean? Helping is better than he has been investigated. That's for sure. So the market speculation is that we hired this act enterprises that occur at a very high salary because that guy's expertise and social network in the SOE banks. I think that all month somehow got my present GCP and high corruption crackdown in the financial services industry because you know, like they own bankers, they have a lot of power in the economy, right? In terms of who they lend money to. And there are now concerns regarding how those tech companies 5 years ago got so much funding in the first place. This might be just president Xi Jinping trying to write the ship. Yes, he's just trying to basically try to have a really crazy credit cycle. And everybody got drunk from chief credit and now we are left with that debt and the investment and president Xi Jinping on that and he's like, I'm going to call back some money or punishment people. That's what he's doing. Bloomberg opinions truly wren continues with us in moments stay tuned. And don't forget we're available as a podcast on Apple, Spotify or your favorite podcast platform
AP News Radio
Biden says he makes 'no apologies' for shooting down Chinese spy balloon, plans to speak to President Xi
"Down unknown aerial objects. A suspected Chinese spy balloon was shot down, and so were three other objects. The president says he plans to speak to China's president Xi Jinping. And I hope we have to get to the bottom of this, but I make no apologies for taking down that balloon. He called this a clear message, the violation of U.S. sovereignty is unacceptable. The president says he's been told it doesn't look like the other object shot down are linked to China. These three objects were most likely balloons tied to private companies,
The Hugh Hewitt Show: Highly Concentrated
Donald Trump Returns to Discuss Foreign Policy
"Former president Donald Trump, welcome back to the U.S. show. Great to have you on again, sir. Good morning. Hi. You're always the best interview in America because you always make news. So I want to start with a national security question. If president Xi Jinping sends ships to invade Taiwan, should United States submarines sink them, mister president? Well, I wouldn't get into that and it's not a good thing to because those things you just don't tell to the world's favorite radio host can't do that. And you have to keep some things to yourself in terms of the strategy because we're working hard and we think we're doing really well and we could get very back there very soon. So I don't think you want to be broadcasting that. I could tell you there's Ukraine Russia would have never happened if I was there. And Taiwan, which is a possibility, a strong possibility would never ever have happened if I were there. All right, let's go to Ukraine. They want F-16s from the United States. Should the United States send F-16s to Ukraine? I think the United States should negotiate peace between these two countries and I don't think they should be sending very much they should be negotiating peace and the other thing is Europe has to do much more because Europe is doing probably just a small fraction of what we're doing. No probably they're doing a very small fraction of what we do.
Mark Levin
Air Force General Predicts War With China in 2025
"Four star air force general sinema on Friday To the officers he commands He didn't expect this to get out Somebody leaked it That predicts the U.S. will be at war with China in two years and tells them to get ready to prep for firing a clip at a target in aim for the head In the memo sent Friday and obtained by NBC News general Mike minahan head of air mobility command said I hope I'm wrong My gut tells me we fight in 2025 Air mobility command is nearly 50,000 service members nearly 500 planes in his responsible for transport and refueling Menahan said in the memo that because both Taiwan and the U.S. will have presidential elections in 2024 The U.S. will be distracted Chinese president Xi Jinping will have an opportunity to move on Taiwan He lays out his goals for preparing including building a fortified ready integrated agile joint force maneuver team ready to fight and win inside the first island chain The sign memo is addressed to all air wing commanders an air mobility command and other air force operated commanders In order to report all major efforts to prepare for the China fight to him by February 28th No joke This is no joke During the month of February directs all AMC personnel to fire clip into a 7 meter target with the full understanding that unrepentant lethality matters most aim for the head He also orders all personnel to update the records and emergency contacts The march he directs all AMC personnel to consider their personal affairs and whether a visit should be scheduled with their servicing base legal office to ensure they are legally ready and prepared In other words to have their wills made and everything
AP News Radio
Economic woes, war, climate change on tap for Davos meeting
"The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos. Leaders are seeking to bridge political divisions in a divided world, buttress a hobbling economy and address concerns about a climate change, among many other things, nearly 600 CEOs, and more than 50 heads of state or government are expected, but is never clear how much concrete action emerges from the elite event, missing a leaders like president Joe Biden, Chinese president Xi Jinping, British prime minister, which is sunak, Indian prime minister Narendra Modi, and French president Emmanuel Macron. I'm Charles De Ledesma
AP News Radio
China eases controls, gives no sign when 'zero COVID' ends
"Beijing's easing some of the world's most stringent antivirus controls. China has yet to say when it might end the zero COVID strategy that's confined millions to their homes and set off protests and demands for president Xi Jinping to resign. Commuters in Beijing and at least 16 other cities are now allowed to board buses and subways without a virus test in the previous 48 hours for the first time in months. The government announced plans last week to vaccinate millions of elderly people a key condition for ending zero COVID restrictions. I'm Charles De Ledesma
AP News Radio
China eases some virus controls, searches pedestrians
"More Chinese cities have eased some anti virus restrictions as police patrol their streets to head off protests. Many major cities, including Chengdu in the southwest, announced they were easing testing requirements and controls and movement in some areas markets and bus services reopened the announcements did not mention the recent protests in Shanghai, Beijing and at least 6 are the cities, the protests erupted in response to tough antivirus restrictions which saw mediums throughout China confined to their homes. The recent loosening of restrictions is a sign president Xi Jinping's government was trying to subdue public anger after there was some cause by protesters for chita resign. I am Karen Chammas
AP News Radio
University students sent home as China tries to end protests
"Chinese universities are sending students home amid protests against coronavirus restrictions, China's ruling Communist Party is trying to prevent more protests after weekend crowds in at least 8 cities demonstrated against its zero COVID policy and called for the resignation of president Xi Jinping. Police route in force, and there was no word of protest Tuesday in Beijing or other major cities. Yesterday in Hong Kong, activists at about 50 university students from the mainland lit candles and chanted slogans in a show of support. Some restrictions were eased and now universities are sending students home, calling in buses to take people to train stations, qinghai university where students protested Sunday, said they were protecting students from COVID-19, but dispersing them to far flung hometowns also reduces the likelihood of more campus activism. Dali Yang and expert on Chinese politics at the University of Chicago says authorities are hoping to diffuse the situation.
AP News Radio
China affirms zero-COVID stance, eases rules after protests
"China is easing some virus rules, but is affirming their zero COVID stance. Chinese authorities eased anti virus rules in some areas, but are reaffirming their zero COVID strategy after crowds in multiple cities held demonstrations demanding the resignation of China's president Xi Jinping, a deadly apartment fire last week raised questions about overzealous virus controls in the city of Beijing announced it would no longer set up gates to block access to apartment compounds where infections are found. Please use pepper spray against protesters in Shanghai and struggled to suppress demonstrations in other cities. The protests are the most widespread display of opposition to the ruling Communist Party in decades, some protesters called for the party to step down and held up blank pieces of paper to signify resistance against state censorship. The ruling party newspaper people's daily defended zero COVID, saying it has withstood the test of practice.
Bloomberg Radio New York
"president xi jinping" Discussed on Bloomberg Radio New York
"39,000 new COVID cases day to day, protests sweeping across China, most vocals since president Xi Jinping took his leadership role, protesters have spread from his zhejiang Zhang to Shanghai where huge crowds gathered calling for president Xi to step down as well as disband the Communist Party. Meanwhile, authorities of Europe said that they're set to resume local transportation after a monthlong lockdown, it says gradually and orderly, U.S. White House COVID adviser doctor Anthony Fauci says COVID zero approach to fighting the pandemic is not effective without long-term strategy. Fauci says he's puzzled by China's insistence of using only vaccine manufactured in China. New Canadian strategy, paper boosts military spending and expands trend ties trend to the end of Pacific to force stronger ties with Asia allies will also carefully screen Chinese owned enterprises. And the backlog of a U.S. weapons deliveries to Taiwan is approaching $19 billion, according to a Wall Street Journal report, and they say The Pentagon has not commented. In San Francisco, I met Baxter. This is Bloomberg, all right, right back at you Paul. All right, thanks very much, Ed. Let's get back to our guests for the south and Asia CIO at HSBC global private banking and wealth. And a fan with been talking about the protests in China. We've not seen anything of the scale since Tiananmen Square back in the 1980s also trying to dealing with a pandemic. There really is no playbook for this. So what's your growth outlook for China heading into 2023? When you consider these very difficult to predict variables. Yeah, I think that gives us the latest development as you just highlighted. We continue to expect China's pivot to a gradual relaxation of the zero COVID policy to continue going into 2023 because there is a very critical need for the government to normalize economic activities because that is also a crucial for social stability. So we expect that would be refocused on the growth of positive policy measures. And given the latest 20 measures announced by the national health commission, put a lot of emphasis on the targeted COVID control measures instead of one size or approach. So these are also implies that local governments need to optimize their measures to contain the pandemic. And now even with the daily new cases or already approaching 40,000, so far, we have been the same kind of citywide lockdown, like what happens in Asia and high in April. So this reflects that the local authorities are now also taking a more pragmatic approach and using more agile and positive measures to deal with the COVID. We saw some funds. The government sorry. Yeah. I think we got the picture there about targeting. If you note that a lot of money had been flowing out of ASEAN and into China, to at least expect some of that to reverse now and I mentioned that because even on your high conviction list, you like the ASEAN tigers. Yes. So what did the Asian equity market currently, we are overweight on Indonesia, Thailand, China, and Hong Kong. Until we see more attractive weeks we lost in this four Asian equity market, we are more cautious on the north Asian park has the market in Korea and Taiwan. This is due to the semiconductor down cycles and the weakening global demand for consumer electronic products. And the ASEAN epidemic continued to stay receiving because of support of the pretty robust domestic consumption. And the reopening path in Southeast Asia continued to extend. So overall, we think the Asian equity market would be well positioned to deliver pretty resilient earnings performance going into 2023 at least compared with the European markets that will face the recession rate Asia. It should be holding up relatively well because of the strong domestic fundamental. And we can U.S. dollar would also fall well for Asian equity markets, investment outlook. Yes, I wanted to ask you about the dollar, but we are unfortunately out of time, but a fan took Wang thank you so much for joining us fan is Asia's CIO
AP News
"president xi jinping" Discussed on AP News
"Old. Multiple stab wounds to the neck and torso of both children. Overseas 7 victims have been recovered from a landslide on Italy's ischia island several of them were children. Officials say shelling by Russian forces hit eastern and southern Ukraine as utility crews scramble to restore power, water, and heat. Violence ran riot in several Belgian and Dutch cities after Morocco's upset win over Belgium at the World Cup. This is AP news. So protesters in China are calling for president Xi Jinping to step down over strict COVID lockdowns. Police forcibly clear demonstrators in Shanghai as they took to the streets to publicly oppose the government zero COVID policy, which leaves millions of people confined to their homes for weeks and requires near constant testing. Social media reports indicated that the protests also spread to at least 7 other cities, including Beijing, and dozens of university campuses. Large scale protests are exceedingly rare in China, where public expressions of dissent are routinely stifled, but a direct rebuke of Xi, the country's most powerful leader in decades, is seen as extraordinary. I mean you Montgomery. The White House's singer John batiste has been chosen to perform at Thursday state dinner. It will highlight the bonds between the U.S. and France. The 36 year old batiste most recently was the music director on the Late Show with Stephen Colbert. I'm Jackie Quinn, AP news. A Kentucky man convicted of a deadly 1997 school shooting will have to spend the rest of his life in prison. I Norman hall. Michael corneal was 14 years old when he killed three classmates and wounded 5 others at a school in heath, Kentucky, just outside paducah, the victims had been in a prayer circle in the lobby, now 39 corneal asked last week that he be allowed to live with his parents and continue his mental health treatment, but voting unanimously miss lathan how do you vote? Mister helby, how do you vote? The parole board said no. Your crime involved a weapon. You had lives taken and the seriousness again, it is the decision of the parole board today to allow you to serve out the remainder of your sentence. Thank you, sir. Corneal will have no other opportunity for parole. I Norman hall. Hanger sized tents are going up in New York City to house thousands of migrants who have been bused to the Big Apple as part of a campaign by Republican governors to disrupt federal border policies. Groundwork being laid in this remote corner of The Bronx, the Orchard beach parking lot, while no migrants were there Bronx resident Gigi gilliard showed up. She has concerns and was dropping off warm clothes. Do they know that they're going to be intense? Do they know it's going to be like a shelter environment with city shelters, full mirror Eric Adams has said the influx of thousands of migrants is a humanitarian crisis that needs a different approach, but some residents not happy about the tents. There's some neighborhoods who have concerned about safety. That is a concern. Officials also looking at other areas for these tents
AP News Radio
China protests spread amid calls for Xi to step down over COVID policies
"Protesters in China are calling for president Xi Jinping's resignation over strict COVID measures. Police forcibly clear demonstrators in Shanghai as they took to the streets to publicly oppose the government zero COVID policy, which leaves millions of people confined to their homes for weeks and requires near constant testing. Social media reports indicated that the protests also spread to at least 7 other cities, including Beijing, and dozens of university campuses. Large scale protests are exceedingly rare in China, where public expressions
AP News Radio
Biden discusses Taiwan with Xi in effort to avoid 'conflict'
"President Joe Biden has had Frank discussions with Chinese president Xi Jinping regarding global issues including China's actions towards Taiwan following a nearly three hour long discussion with the Chinese leader at the G 20 summit in Bali President Biden told reporters that a news briefing that when it comes to China the U.S. will Compete vigorously But I'm not looking for conflict I'm looking to manage this competition responsible When asked by a reporter if tensions with China could boil over he responded I'm absolutely believers need not be a new Cold War The president also doesn't believe that China is intending to invade Taiwan I do not think there's any imminent attempt on the part of China to invade Taiwan Biden reiterated U.S. support for its long-standing one China policy which recognizes the government in Beijing while allowing for informal relations and defense ties with Taipei I'm Karen Chammas
AP News Radio
Biden and Xi say they'll "manage our differences" as they meet in Bali
"President Joe Biden and Chinese president Xi Jinping met for the first time in person since the U.S. president took office the two leaders met at the group of 20 summit of large economies in Bali as their two nations compete for global influence amidst the backdrop of rising economic and security tensions She and Biden greeted each other with a handshake before they sat down for what was expected to be a conversation lasting several hours President Biden opened the meeting by expressing his hopes that the two leaders could find a way to work together despite their differences for the sake of global security and stability Our two nations we share responsibility in my view to show that China and the United States can manage our differences
AP News Radio
Biden to meet with Xi Jinping at G20 summit
"President Joe Biden and Chinese president Xi Jinping are due to meet in person for the first time since by the McCain president at the G 20 summit in Bali the highly anticipated meeting will enable both leaders to figure out how to manage a relationship that the U.S. has determined poses the biggest economic and military threats Speaking to reporters at the ASEAN summit in Cambodia Biden said he wanted to know where she stands I know Xi Jinping has spent more time than any other world leader I know him well He knows me There's no we have very little misunderstanding We just got to figure out where the red lines are and what are
AP News Radio
Biden pledges US will work with Southeast Asian nations
"President Joe Biden promised that the U.S. would work together with a vital coalition of Southeast Asian nations as China also tries to expand its influence in the region speaking at the Association of Southeast Asian Nations summit Biden expressed the importance of ASEAN to his administration ASEAN is the heart of my administration's in the Pacific strategy The president hoped U.S. collaboration with the ten nation bloc would help to deepen peace and prosperity throughout the region to resolve challenges from the South China Sea to Myanmar and define innovative new solutions to share challenges Biden's efforts at this year's ASEAN summit are meant to lay the groundwork for his upcoming meeting with Chinese president Xi Jinping Biden will meet with Jean Bali at the G 20 summit at a time when China is now considered as the U.S.'s most potent economic and military rival I'm Karen Chammas
AP News Radio
UN climate talks near halftime with key issues unresolved
"As the UN climate talks in Egypt near the halfway point negotiators are working to resolve some of the key issues in the hope of getting a substantial result by the end U.S. climate envoy John Kerry was positive about the ongoing negotiations There's clearly a lot of work still to be done I'm sure we'll talk about that a bit But we are genuinely making really good progress And I'm excited about what this cop is accomplishing Kerry was hopeful that a meeting between President Biden and Chinese president Xi Jinping at the G 20 meeting in Bali may help to move things along Waiting to see how things go at the G 20 Senior Egyptian negotiator while Abdul magid said despite disagreements on the wording of the cooling target of 1.5° all countries have a united goal The reality beyond all of that is that we can not As a species afford not to accelerate mitigation action I'm Karen Chammas
AP News Radio
UN weather report: Climate woes bad and getting worse faster
"The United Nations warns of worsening global warming as world leaders gather for key climate talks Envoys gather in the Egyptian seaside resort of Sharm el Sheik for a UN convention on climate change amid the war in Ukraine high inflation food shortages and an energy crunch This comes as the UN's weather agencies annual report shows shocking new data The sea level rise in the past ten years is double what it was in the 1990s rising by .2 inches per year and is opening speech outgoing conference president alok Sharma said that countries had made considerable progress at their last meeting in Glasgow but more has to be done How many more wake-up calls Does the world do world leaders actually need A third of Pakistan underwater The worst flooding in Nigeria in a decade this year the worst drought in 500 years in Europe in a thousand years in the U.S. and the worst on record in China Over 120 world leaders will attend the talks but the absence of Chinese presidents Xi Jinping and Indian prime minister Narendra Modi two of the world's biggest polluters means many are doubtful on whether the talks could result in any major deals to cut emissions long term I'm Naomi Shannon
Bloomberg Radio New York
"president xi jinping" Discussed on Bloomberg Radio New York
"Welcome to Bloomberg opinion, I'm Rani Quinn. This week. We will have a period of writing taxes and squeezed expenditure as we move towards an election. He will start cutting taxes. Adrienne waldridge on newly minted British prime minister Rishi sunak's plans to stabilize UK markets on the economy. I will deliver on its promise that embraces the opportunities of Brexit, where businesses, invest, innovate, and create jobs. We'd also speak with Alexis Leander on state shopping for a tax purposes, that is. First, though, to the sentiment shift in China markets this week, stocks dived Monday, the one weakened and foreign investors dumped everything such that rebounds and subsequent days paled in comparison with Monday's moves. I spoke with Bloomberg opinions, surely ren. So surely, what changed exactly post party Congress, we didn't get a reversal of COVID zero, but by last week we weren't really expecting that anyway. Global markets have been questioning China is so cold investi think they last year when Beijing regulatory crackdown on big pack and real estate companies wipe the trillions of dollars off of books. But this time they are really worried because it does seem like president Xi Jinping is solidifying his power and packing the future Chinese leadership with all his longtime aids. And they're worried that she's so called new economic development model. It's just not good for financial markets. In the last few months, we've seen investors look at various parts of the China market very differently. So each time there was a crackdown on Internet gaming, for example, or an education stocks, they sold off with the rest of the market held up, that's not happening this time around. The whole market is selling off as one. Is that warranted or should investors be taking a pick and choose approach here? I think it's interesting. It's really a burden on the entire Chinese political landscape. It specific. So yes, I think the market has spoken. Chinese companies traded in the U.S. are now trading at under 6 times forward earnings. So somebody and that many people are valuing these companies really cheaply. Are these valuations on founder right now? That's the thing Chinese companies that do you want to buy into sometimes things like shift for good reason right? Like do you want to buy into cheap good do they have good shelf life? That's the big question right now. So you're talking about maidu dot com, Pandora door, JD.com. I mean, it's not just one type of company. These are across the board. Yes. Actually, they tend to be consumer tech companies that ecommerce social media. And the problem is that these companies stand no longer favored by Beijing, Beijing these days, they want to develop so called industrial aerospace EV supply chain or trip manufacturing quantum computing. And all these companies that are in consumer tech, they're just not in that. And also Xi Jinping likes to talk about this slogan of common prosperity. Basically, to broaden the middle class and narrow the wealth gap, but global investors associate the phrase common prosperity with wealth destruction because the phrase was coming out late last year during the crackdown. So they can scare when this race gets mentioned again at the party Congress. You mentioned the moment ago that she has solidified his power and he's also packed the standing committee with allies. I don't want to make too much of a comparison, but one of the things Adrian wooldridge mentioned when talking about the UK is that markets will like Rishi sunak because he's no nonsense and he run number ten and his Chancellor will run number 11 very well. Obviously not to make a direct marathon, but you do mention in a recent piece that financial markets tend to prefer a focused administrative team to infighting and competing objectives among politicians. Surely that's a positive and not a negative in some ways. Yeah, interestingly enough financial markets don't mind dictators. They think it's good to have a focus of the administrative team and actually they liked it in 2012 when she first came into power and 2017 when he flexed his muscles to solidify his power. But this time around they're worried that his vision is wrong. So they're worried that his aides long time is just going to drive China's economy and the financial markets to the ground. What's the basis for that? Because yes, narrowing the wealth gap and the role of the state and the economy is paramount to see, but that doesn't have to spell financial market trouble, does it? Well, the problem with the financial markets these days is that they are packed with companies that are not in chief policy priorities. For instance, Alibaba into a tour. So these stocks which used to be well loved by global investors because they were at play directly to China's rising middle class. These stocks are getting dumped. And another problem is that after the party reshuffled, basically the economic team is being hollowed out. We know that China will have a new Central Bank of a new banking regulator and a new finance minister. We don't know who is going to run the national team. So that is not reassuring to financial markets. Will she have been surprised by the market reaction enough to cause him to do something to calm or support markets in some way? I think she doesn't care about how much money invested have lost. I don't think he cares. I mean, he doesn't care about optics. And if he did, he will pack the political with just one woman right now there is zero or like pushing his predecessor Congress in the nicer way. But he doesn't seem to care about the objects. But I think at some point you will care because China's student needs the financial markets to be open to finance the fiscal deficits and to raise funds for companies such as EV and chip manufacturing. Which he will need in order to support young people coming into the labor market as well. Surely for those who haven't seen it or hadn't noticed, just explain the Hu Jintao episode that happened at the party Congress. It was extraordinarily surprising, and we'll never fully know what happened as Caro Ferrera Marquez says in Bloomberg opinion, but will you explain to us what happened? It seems like coaching how he didn't look very well. He looked quite frail. And somehow two men were trying to score him out of the big hole. And one of the politicians who he used to be president Xi Jinping stop. He's retiring. He tried to stand up and aid Hu Jintao and Xi Jinping's strategy is one who basically had a leader stand down if none of your business just don't get involved. And then Xi Jinping got escorted out and Xi Jinping just looked down, didn't say a thing. And on his way out, which had the chance to show that. And you could look like he almost recoiled. So it was a very, very strange scene. And I guess my take is that it's just a real glimpse into China's top political circles, how rigid and nervous
Bloomberg Radio New York
"president xi jinping" Discussed on Bloomberg Radio New York
"This is Bloomberg daybreak Middle East. Our top stories this morning. The ram master says that the fed is just at the beginning of raising rates. Meanwhile, Jay Powell insists a recession can be avoided, but warns the task is getting tougher. The path to act of 2% inflation, while still retaining a sustaining a strong labor market, we believe we can do that. That is our aim. There's no guarantee that we can do that. It's obviously something that's going to be quite challenging, and I would also say that the events of the last few months have made it significantly more challenging. John is economy shows further signs of improvement, but president Xi Jinping is sticking with COVID zero saying strategies such as herd immunity would have unimaginable consequences. President Biden praises turkey's Erdoğan for finally relenting to Sweden and Finland joining NATO and for helping to get grain out of the Ukraine. And Uber raises first in the United Arab Emirates for the second time this year amid a surge in gasoline prices that has I paced the increases in neighboring oil rich states. It's just gone 8 a.m. across the Emirates, some men's grain in Dubai, and I'm used to Medellín right alongside you. So stock futures, leaning to the downside, we have to China data to digest and finally Wall Street analysts are moving on some of the earnings estimate JPMorgan downgrading some of the biggest tech companies on the S&P 500 mini were called down by about three tenths of 1%. We're really stood out to me. It's a note from George bawley, 60 year Wall Street veteran. He says the S&P 500 will sink to 3100. That's 35% of where we are now. He says that will be just a normal cyclical adjustment. What also caught my attention is some of the earnings announcements guidance. Specifically when restoration hardware it's not every day we talk about this high end hold furnishing in the U.S. the stock sliding after cutting revenue forecasts on slowing demand. The dire macro warning, they're seeing revenues contracting two to 5 digits in 2023 currently we are down and have post market about 5%. The consumer is in trouble. The struggle is clear as daylight on days like this Bed Bath & Beyond is another example, cruise stocks getting beached. I want to talk about energy also because oil is set for the first monthly decline. This year before the OPEC plus meeting, basically the rubber stamping is expected of a modest increase. Sure. But what really stood out was the inventory data out of the United States, stockpiles there, got released, and that shows that it's tight everywhere. RBC saying, $150, $175 a barrel, $200 a barrel at the end of this year, pick your number because it all speaks in favor of that kind of scenario, Manus. The question for the bond market use of is whether they're ready to declare that central banks are winning the fight and inflation. Now, you've seen rates at tip a little bit higher ever so slightly this morning. Two messages come through loud and clear from the federal Loretta master saying, it's wrong. It would be more costly to believe that inflation expectations are well angered. Yes, the break evens have rolled over dramatically. The 5 year break evens have imploded from 3.1% downsides from 3.76% down to 2.61%. So inflation expectations are rolling over. So what is a bond market thing? Well, the fed's looking for 4% at the end of next year. This is what the deck deck spread is saying, already they are pricing in 3% by the end of the year next year. So 3.08%. That is 50 basis points below where December futures are indicated at the moment. So the bond market is beginning to believe that the shakedown from the central banks is beginning to work. What does that mean for the dollar? Let's have a look at the dollar. I mean, you're up 7 and a half percent year to date. It was up 9% at its zenith. But you hear pile talking about the inflation fight will cause a bit of pain. In that sense of pain in terms of raising rates in economic pain, where do you want to be? And as Loretta master says, we are just at the beginning of raising rates. So there's a tussle between the market and the fed as usual. Tussles with the Asian market session every day. What's going on Jews? Well, it is a bit of a tussle because Mattis, you mentioned there that better than expected PMI data that we had coming through out of China, but at the same time you've got president Xi still saying that the path for them is COVID zero, but you also have that relaxation of some of those quarantine restrictions in place earlier in the week. So you are seeing an upside in China's CSI 300 very much taking that positive momentum and as we know we've been talking about this market getting very close to bull market territory, Hong Kong is a little bit more flat and we are seeing weakness in some of the other markets across Asia and this is as we continue to really be worried by global growth concerns that they are down by about one and a half percent. It's certainly been a better session for Asian currencies though today and that is on the back of that PMI data. We've had the one game we've had South Korea's one rebound as well. If you own a limb who manages FX over at malayan bank here in Singapore saying that this better pay my print out of China could be soothing sentiment and give a bit of a breather for Asian currencies which are actually on track for their worst quarter since 1997, creating a different dilemma for central bankers in this region. Let's quickly have a look at that PMI data. I know you're going to get into it with more detail with ender, but it was a bait in terms of that official PMI 50.2 from 49.6 in May that's the first time since February. We have seen that back in that expansionary territory and the non manufacturing at its highest in more than a year still a lot of challenges though for this economy and still overall estimates of about 4.1% growth for China this year, Manus, which is well down from that 5 and a half percent that they had flagged. Yep, was certainly going down in history as the worst as the worst first half for a number of sectors of the market deals. We'll catch up with you a little bit later on. So Jay palm, he says the U.S. economy is in strong shape and the Central Bank can reduce inflation without causing a recession even though that task has become trickier. The path back to 2% inflation, while still retaining a sustaining a strong labor market, we believe we can do that. That is our aim. There's no guarantee that we can do that. It's obviously something that's going to be quite challenging, and I would also say that the events of the last few months have made it significantly more challenging. Meanwhile, Paul's colleague Loretta master says the fed is only at the beginning of raising rates. Let's get more with our global economics and policy editor. Kathleen Hayes, Kathleen, good to have you with us. So it was an overall hulk ish tone from that panel at francine moderated. Your first take. Well, when it comes to Jay Powell, and I think he's the person who sort of led the pack today, he is ready. He's made it very clear he is ready to risk recession in order to get inflation down. He said the big risk is the fed doesn't do enough. Not enough to fight inflation. The big risk isn't recession. When he was asked about this very question, could you push too far? Listen to how he responded. Is there a risk that we would go too far certainly? There's a risk. But I wouldn't agree that it's the biggest risk to the economy. I think the bigger mistake to make. Let's put it that way. Would be to fail to restore price stability. Powell said there's a clock running. You can't let inflation expectations get entrenched. This is classic central banker many max strategy. You minimize the worst. The maximum mistake you could make. And in his eyes, in the fed's eyes, a recession, yes, it wouldn't be nice. But the worst outcome would be inflation that doesn't come down, a fed that has to be even more aggressive. Loretta mester says, the fed has to act forcefully in her remarks at center. She also pointed out that fed research shows that you get better outcomes when the fed worries too much about inflation expectations, not when it doesn't worry enough. As you said, just the beginning of rates, she sees the funds rate at 4% next year or a bit above, very different from the bond market right now. And I think we can kind of put the two sides together is this. If
Bloomberg Radio New York
"president xi jinping" Discussed on Bloomberg Radio New York
"The tenure at the moment One 60 oil back in the news again 81 41 for a barrel of West Texas we heard from The White House press secretary Jen Psaki earlier saying that the cost of gas is on the mind of the president and they're looking at a range of options but about specifying what and that is your market update Let's get a check of global news now That prisoners and Olympic meeting Doug hey Paul President Biden opened a virtual summit with Chinese president Xi Jinping by saying the goal is to ensure competition does not veer into conflict The U.S. infrastructure Bill is now law It commits $550 billion in new spending Meantime the nonpartisan congressional budget office says it's full cost estimate of the second plan the president is proposing That's the tax and spending bill it may not be ready until Friday and several outbreaks of bird flu have been reported in recent weeks in both Europe and Asia and now the poultry industry is on high alert in one case Reuters is reporting all 770,000 birds at a poultry farm in South Korea were killed Those are some of the stories making news headlines Our next update in 15 minutes Paul All right thanks very much Doug We've got Sean with us this half He's chief global equity strategist at Jefferies Sean I mentioned they were about to hear from the Abbey governor Phil low on inflation with her from Neil cash carrier of the fair a little earlier He's saying that the fed shouldn't overreact when he was speaking to Bloomberg a few hours ago So where do you see rates hitting from here And are you at all concerned about the risk of a policy error So very good question I mean I think the thing that's disconcerting for me is that having one of the biggest expansions in nominal GDP in U.S. history and also around the world but nominal interest rates are extremely low The gap between nominal GDP and normal interest rates I think is at a historic widening So the irony at the moment is that someone's either very wrong And the bond markets have still continued to play to the tune of very very long-term disinflation trends but the short view short rates have actually started to adjust expectations quite quickly So the reality is that in the last month or month and a half whether it's an Australia Bank of England even in the U.S. short rates are starting to say that the policy makers are very behind the curve and maybe maybe asset markets are going to have to be repriced accordingly If we were to get a reasonable dip would you buy it here or what did you think that you know it sort of signals the top is in And we're going to glide lower for some time to come Well I think the irony at the moment is that Tina this thing about there is no alternative Is actually very much uppermost in people's minds If you're going to have an extended period of heightened pricing power or heightened inflation then equities do do reasonably well I think the issue about buying the dips is that the entities or people who have been buying the dips particularly in the United States personally has actually been through option trading Very different texture to the markets than we've seen really ever before And what that means is that when you possibly get a perhaps a bigger dip than people anticipated you could get a very very big sea change in price movements because of something called delta hedging So I think we've been very lucky that any of these fluctuations or shifts in market sentiment have not necessarily been bad enough to force that delta hedging through the S&P but who knows because certainly the rate of movement in short rates and UK rates tripled in the space of a month and a half doesn't necessarily bode well for that type of hedging strategies for the U.S. Yeah we don't seem to have seen much of a pile and really to traditional inflation hedges Do you think that might change I think the market in tips has been reasonably healthy Bear in mind the ten year tips or ten year break evens were close to a record high on Friday Gold of course has been shunned Commodities have been relatively mixed But people have bought equities So in the last 12 months both in the U.S. and globally accumulative moving equities has been a record pace So equities have been the favored asset class in this cycle by long way And that's really been the way people have presumably hedged any of the inflation risk So we've had such a big dip in Chinese stocks over the past year or so that it presents an I guess an opportunity to some but there are a lot of reasons that people have stayed away from it It doesn't seem like geopolitical relations have been a big negative here of late So even if there's a positive there is a positive outcome between she Biden today does it really move the market much That's a very good point In fact it's a very simple point because I don't feel that the external environment has really played any major influence on China at all I mean China has benefited from the export boom just as much as any of the other north Asian economies But really going back almost 18 months ago when we sort of heard the first of the dual circulation strategy that by and largely is dominating the economy and still still does so today And I think the reality is getting.
Bloomberg Radio New York
"president xi jinping" Discussed on Bloomberg Radio New York
"That that non farm payrolls data for the state's much better than forecast will take another look at market action for you in about 15 minutes Let's get caught up on global news at Baxter is in the Bloomberg 9 60 newsroom at San Francisco Ed Yeah Doug we have a headline moving up on the Bloomberg that Hong Kong China quarantine free travel may be capped at 1000 a day to this point It's an HK one report China is taking on the U.S. regarding Iran's nuclear program It says a U.S. should rectify its actions and unilaterally withdrawing from the nuclear pack Iran has started a large scale military exercise in its southern waters today The drills involve ground air sea and drone units China's Communist Party's 6th plenum this week amid speculation that president Xi Jinping may make a declaration that could make his rule for life where the first part of his package pass in Congress over the weekend U.S. president Joe Biden plans to go to Baltimore to tout it and to talk about what's to come Cop 26 goes to the week of negotiations Second week this week after last week's pledges failed to meet the 1.5 Celsius goal that members say they needed to prevent catastrophe U.S. Surgeon General Vivek Murthy says the new treatments for COVID-19 show promise by vaccination he says vaccination still remains the best way to end the pandemic In San Francisco I'm at Baxter This is Bloomberg back at your wish All right Let's get back to our guests with a half hour at least I got to see a little chief Asia Pacific economist and that Texas and discussing what's been going on with Asia's economic recovery but we were talking about China and the headwinds that the economy there's facing And it didn't really get into talking about the property side of things But this really is a known unknown Is it really essentially authorities there practicing benign neglect or is it misplaced and indeed dangerous complacency China's great rain on We all knew about it The question really was when would the authorities be ready to tackle the growth right now And now we know when it is now And why now I think it's the it comes together with a new mantra new objective which is among prosperity This is when growth becomes less important and rightly so because the real estate tech is going to lower China's growth quite dramatically and by raining it This is 30% of China's fixed investment and about 30% of China's growth So it's time to think about redistribution because that's going to be the one and only way The range in that sector while still keeping a decent increase in postal income So yeah this is the time to do this Okay but I mean you see it's not just the evergreens or we've got at least a four or 5 other probably developers which are missing payments on the coupon on the principle itself It gives us a sense of how this could play out not just for those companies ultimately but let's not forget the wider implications and first off it'll be local governments who rely heavily on land sales to really balance or should I say to bulk up their coffers Absolutely So I think what's happening is that the pre red lines which basically put ever grounded forefront as a wake-up call for everybody to bring in their beverage and of course probably too late for many as we have seen compacts and others that have timestamped We have had quite a few I think forever Grande we are taking their time because they want to manage that restructuring the way that is not for disruptive But for the others I think there will be a lot of corpses around but they will also be a lot of takeovers Some will transform into something else They may be EV still actually It's something that gets a high return because there's going to become a commodity or a utility business because prices we have to hover around low growth numbers probably not negatively because it will have few longer consequences on wealth on households wealth But the other two to 3% increase every year For some that will be below so that we refrain from that market But I don't think the contagion will be very large In fact we see it already on the bond market especially offshore bond market only on the high yield space sector is very little beyond that So it's really a real economy shock and going to be not so immediate but it's going to take time to absorb these excess size basically of the real estate sexual and something that will go back and we're seeing that But that's not going to change the overall picture of no contagious type raining of the sector that used to be human was called China and one beat down the road Alicia the thing is okay just very quickly as well Staying with this issue the government could perhaps start to loosen the curbs as they are doing in some senses on a housing and speculation which is Xi Jinping has come out very strongly against But is that essentially just kicking the can down the road given the demographic challenges the country faces as well Absolutely And sorry that.
Marketplace Morning Report with David Brancaccio
"president xi jinping" Discussed on Marketplace Morning Report with David Brancaccio
"One point three two nine percent tomorrow.
The World: Latest Edition
"president xi jinping" Discussed on The World: Latest Edition
"I've <Speech_Male> <Advertisement> <SpeakerChange> <Speech_Female> <Speech_Music_Female> <Silence> <Speech_Music_Male> i've <Speech_Male> learned lot about <Speech_Male> <Advertisement> cocktails. <SpeakerChange> I have to say <Speech_Male> <Advertisement> during this time. <Speech_Male> <Advertisement> She curator <Speech_Male> and deputy <SpeakerChange> director <Speech_Male> xavier. Solomon <Speech_Male> i have to say the <Speech_Male> liquor store across <Speech_Male> the street <Speech_Male> in neo. <Speech_Male> 'cause very happy with <Speech_Male> me. After <SpeakerChange> this year <Speech_Male> <Advertisement> despite <Speech_Male> pleas from viewers <Speech_Male> it keep the series <Speech_Male> going. There <Speech_Male> is a book in the works. <Speech_Male> The curator's <Speech_Male> are ready to get <Speech_Male> back to cure <Speech_Female> eating <SpeakerChange> at <Speech_Female> work. 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A computer <Speech_Male> <Advertisement> screen <Speech_Male> <Advertisement> much less miss <Speech_Male> <Advertisement> all the people around <Speech_Male> <Advertisement> the world of never <Speech_Male> <Advertisement> met <Speech_Male> <Advertisement> cheers <Speech_Male> <Advertisement> for the world. <Silence> I'm <SpeakerChange> karen michelle <Speech_Male> <Speech_Male> speaking <Speech_Male> of loss <Speech_Male> in two thousand and <Speech_Male> four twenty year. <Speech_Male> Old woman came to <Speech_Male> perform on jonathan. <Speech_Male> Ross's bbc <Speech_Male> talk <SpeakerChange> show in the <Speech_Music_Male> uk <Speech_Male> next guest out. I think she's <Speech_Male> one of the most exciting <Speech_Male> brilliantly talented <Speech_Male> vocalist to emerge <Speech_Male> in this country in many <Speech_Male> years. It is <Speech_Male> amy. Wine house <Speech_Music_Male> said <Speech_Music_Male> just released her <Speech_Male> debut album. Frank <Speech_Male> where <Speech_Male> your phone tell us a bit about yourself. <Speech_Male> How long you've been <SpeakerChange> singing <Speech_Female> what's going on <Speech_Female> i. I'm from south <Speech_Female> guy. I was born <Speech_Female> <Speech_Female> in north london. <Speech_Female> And <Speech_Female> yeah let's <Speech_Male> sing. <SpeakerChange> <Speech_Male> Come from <Speech_Male> white house was unassuming. <Speech_Male> She didn't <Speech_Male> speak with a posh <Speech_Male> accent. <Speech_Male> Ten years ago today <Speech_Male> the world lost <Speech_Male> that rare <Speech_Male> when her bodyguard <Speech_Male> discovered her body <Speech_Male> and her london apartment <Speech_Male> alcohol <Speech_Male> poisoning the cause. <Speech_Male> Part <Speech_Male> of wine houses early <Speech_Male> appeal was that she <Speech_Male> and her music <SpeakerChange> <Speech_Male> were unique <Speech_Male> confident. Young woman of <Speech_Male> nineties. 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The World: Latest Edition
"president xi jinping" Discussed on The World: Latest Edition
"Lost. Here's the series began in april. Two thousand twenty good evening. I m Salomon i am the peter. J shop chief curator at the frick collection. And welcome to the first episode of cocktails with a curator. I would like to look at some of the great masterpieces of the frac- thinking about some of the issues with thinking about these days issues to do with life love searching for meaning in life to death if that sounds less than cheerful there was a softening of the blow each friday this will be accompanied by a cocktail and we will send you the recipe in advance so that you can make your own cocktail and hopefully drink that same cocktail wild. Okay my idea of a perfect friday early evening looking at art well drinking an idea that resonated with more than a million and a half viewers during the sixty six weeks of the series all recorded live without notes by the fricks. Three curator's at the same time that was a mighty lively and sometimes snarky sometimes flirtatious chatroom. My name is ian alterman. I live on the upper west side of manhattan. That was a regular visitor. I made sure to be home. And and have my my mock tail. Alterman became the chance unofficial commentator and greeter at first. i started to Whenever somebody would log in from another country. I would welcome them and say you know lisbon in the house or singapore in the house or whatever until it got too much as australia and indonesia and argentina and on and on joined in friendships formed in that chat space well art and european history were learned. Drinks were drunk. And you never knew you might learn during cocktails. The curator household intrigues portraits and toxic substances. They used as makeup and techniques. Specifics as in is painting of a bullfight in an episode hosted by curator amy. Your colors laid side by side as registry out of a two blacks and whites straight out. The tube yellow details fudged over with broad brush strokes paint. Yes sometimes curator's got excited. Sometimes they drink that during the presentation and always they told the audience stuff we likely wouldn't have known otherwise. Which was the point using art as a way to connect in time where connections were hard to come by curator aiming the genesis of the program was well. We need to do something..
The World: Latest Edition
"president xi jinping" Discussed on The World: Latest Edition
"Even gets a cake his fifteenth birthday. It's an unexpected moment of happiness of togetherness during times of global duress and isolation so many young people everywhere are now falling ill in spain. Nearly half of all new corona virus cases are people under the age of twenty nine most have yet to be vaccinated but spain's health minister. Caroliina darius is quick to remind young people of another problem their own behavior get hillis hunting pactel can corresponding some of the images. We've seen have shocked us. Once again. i call on young people to behave responsibly. Dotty ashes referring to tv reports showing all night beach parties. Parks crowded with masculine teens. Getting the young to change their behavior is proving tough. The teens in quarantine at our house have their own struggle keeping their side of a deal. We made me not make sure the house is clean clean up. They clean up a little bit every day. So the hottest to become a big mess. That was day one. Things went south from their fast but by the time the quarantine is over the houses. How can i put it. Not a total disaster. The boys found their stride. Dishes are mostly done. The floors were mopped at some point. Our dogs alive. Maybe the young can't show similar discipline outside. Surpri spins health minister and everyone else remembering their masks and social distancing until.
The World: Latest Edition
"president xi jinping" Discussed on The World: Latest Edition
"Up with an idea. I brought the boys straight from camp to our place. I'm vaccinated and had kobe just a month ago but still we traveled double mast windows down during the drive. Meanwhile by partner and stop the house with food while the boys quarantined we couch cirque next door. Check regularly everything okay. I asked them from outside the front door. The kitchens a little dirty. Our son says but we mopped anyone feeling sick. I ask out of you look. Pale just woke up and says at one pm in general. The boy seemed pretty psyched. And it's no wonder the fridge is full. There's a little cool in the yard inside the playstation net flicks and no parents fifteen-year-olds dream mos- whether chico solos mukasa because we've got the house all to ourselves auto says and we haven't had to worry about getting anyone else sick this we've gone swimming and played a little soccer at gabby sir. This is much better than being alone. Which is really boring. They are on their own but not really as the days pass. Parents take turns delivering home. Cooked meals pow even gets a cake his fifteenth birthday. It's an unexpected moment of happiness.
The World: Latest Edition
"president xi jinping" Discussed on The World: Latest Edition
"Find out that they're rushing an injured soldier to the hospital for the world. Hsun jafari in kabul iranians have had enough of their long drought specifically in iran southwestern province where people are protesting the severe water shortage. They say their hardships are about poor. Water management for the past week crowds of demonstrators have been met with a violent response from security forces. At least three people have died joining me to discuss. All of this is covered madani. He's a senior fellow yell university and the former deputy head of iran's department of environment covey what is the extent of the water shortage in hoses. Dan right now. Desisto is essentially water bankrupt. Water demand is for more than the available water on has been using. It's it's a lot of resources unsustainably. Because don has just one of these places where the explosion eventually has appeared. People are saying that we have had enough and the environment is actually saying that it has had enough. We'll just over two years ago. The same region of iran was underwater extreme flooding. How does a region exhaust surface and groundwater in such a short period of time a very good question that part of iran and all parts of iran or half floods and droughts now this place was flooded for two years. They lots of damages. But the reservoirs got fooled but people forgot that they have to conserve and use less water. And when i say people it's it's not really people government allocates water to two different uses agriculture domestic sector industrial sector and then they drain the reservoir. And now there's no rain and no. Water is available for that farmers to irrigate their farms and and cities are even suffering. So what is the one big management mistake that should have been avoided to have prevented this current shortage. Essentially iran is a semi-arid area whose estan provinces is an exception it. It's it's very wet. It has mountains in north and south. It has the persian gulf. But then you start putting reservoirs everywhere. You use water for agriculture. Don't supply enough water to your wetlands. Don't supply of water to the environment and ecosystem so essentially you're developing unsustainably. How'd you see climate change affecting and making the situation. Even worse climates is everywhere heatwave and wildfires in in california floods in in germany or drought in iran. Climate has a multiplier effect. Climate change increases the intensity and frequency of extreme events alike each babes floods and drought so it catalyze the problem it exacerbates the problem. You cannot blame it as the main cause and if you do that essentially you justify what is happening. This means that managers and governments don't have any liability but managers and governments are there to forecast and predict these situations and get the system prepared and make it resilient we have not enough action by the governments to get us prepared for what is happening at the global scale and his making the problems worse. Cover that you worked in the public sector in environmental management in iran. What kind of reforms or reframing needs to happen for more sustainable water situation in the country this economic model which only thinks about production and doesn't think about the environment is dysfunctional. This has been proven to us around the world. Iran must change its development model. What's must invest in the industrial and service sector and decrease the pressure on. Its natural environment if he wants to survive this. This means diversifying the economy and making big reforms to the agriculturists actor and these are very very painful surgeries that you can't do essentially in systems where people are mad at you or have lost trust and faith in the government and it's not just iran as you alluded earlier. I mean the next big crisis and the globe we are told that is already here is around water shortages that are leading to monetization of water and making it less accessible to a lot of people. What does this situation in. Hoses don tell us about the future of water everywhere. We are water bankrupting in many places. The system that we have is is not sustainable. Right now what we are. Seeing in iran is is a political crisis. Is it's a social crisis. You cannot take the metal sector and prescribe solutions for the environmental sector disregarding all other governance and social issues to that point. Kava before i let you go i wanted to ask you about could assign which is home to an arab ethnic minority that has historically faced discrimination from the iranian government. To what extent are the environmental outcomes are due to a pattern of certain groups being de prioritized by the government. This is a very hard question to answer if this is intentional. Or this is a systematic failure. It's it's like you know the problem we have with. The african american communities are black communities in the united states. That you see that they know there is a pattern. There that inequality exists in the system in every sector. We have the same situations. Ethnic communities the environmental injustice implications of the development projects in iran are significant. But before i let you go let me tell you this. You know who's estan is a very rich region in terms of oil and gas it. The benefits of who's a staunch were not limited to iraq. You in the united states have also benefited from the oil that this region has produced what we didn't think about was the environmental justice implications of our aggressive economic development that was dependent on fossil energy. And now those people are left with pollution and we are here in the united states with a much better quality of life. And i think this is something for us to to consider how our lifestyle how what we do. In in europe or north america is affecting people in the global south. Kobe madani is a senior fellow at yale. University and the former deputy head of iran's department of environment. He's been speaking with us from toronto cover. Thanks for your input. Thank you thank you. Catalonia the region in the northeast part of spain has become a covert thousand hots bud the delta variant is the reason the european union now recommends against all travel to catalonia in the region's largest city barcelona reporter gerry hadden's fifteen year old son and a bunch of friends caught the virus then jerry and the other parents found a novel approach to the situation normally when you test positive for covert nineteen..
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"president xi jinping" Discussed on The World: Latest Edition
"We are on one of the main highways that lead out of kabul the capital and ten minutes drive from here is taliban territory. This is how close the taliban are to the capitol. I went to the outskirts of the city with the driver and a producer. I we had to coordinate with afghan security forces in the area. They sent a humvee and to pickup trucks with armed soldiers to meet us. The afghan government's biggest concern right now is to keep kabul and other major cities secure because if this city falls to this audubon the government falls. I think the mixed few months or very important for the future of this country. And i add jeff is other heads. The institute of war and peace studies a think tank in kabul is also a former advisor to the off and government. The best case scenario is that there's going to be a military stalemate on the battlefield. The taliban come back to the negotiating table. The worst case scenario is that The taliban keep overrunning district and provincial capitals and the afghan state collapse and the afghan government collapsed. The collapse of the afghan government will let to civil war dot says the government security forces were called of god by the taliban offensive. It's militias have been capturing district after district. His says the group has what he calls a powerful fighting machinery bolstered by two decades of fighting experience against the americans and afghan security forces. And now they're using a familiar. Military tactic saw the taliban did since april that They have overrun key highways key ports neighboring district to lay seach too key provincial. Capitals ports and border crossings are important targets because they give the taliban control over imports and exports and that brings in money highways are worth the fight because they can limit movement and choke of provincial capitals in the midst of this ongoing war or the afghan people. Most of them just trying to live their lives in medan were there. Things are more wars than what we were thinking. Farka forty words for the afghan ministry of defence her office in kabul but her fiance and family live in the neighboring province of maiden back so to visit home that means she has to take the same highway. I just went to see to travel out of my office. I have to take care of all skills e shoes. I have to my bodyguards. The i have to worry too. Many hunts to commute Armed wacko because otherwise. I will lose my leg. Who's twenty seven years. Old is an example of how far afghanistan has come in the past two decades. She grew up in conservative part of the country but now she holds the top position in the government. She's educated and outspoken exactly the type of afghan women that the total one would like to keep out of power and they've already tried to silence. Her forty says she gets constant death threats. She survived several assassination. Attempts on her father was murdered in front of his house last year. I lost my dad. And i'm i don't wanna lose. Anyone ends up my family like my fiancee like my siblings. Like my mom she worries about. What's next for afghanistan but for now. She says she's focused on her job. At the ministry government employees have been targeted by extremist groups for a long time but as the taliban takes over more of the country. The fear is getting more intense. Atrophy zodda with the institute of war and peace studies in kabul. Says he's not taking any chances. If you're found with with a contact telephone number of an afghan official in your phone then you would be in trouble. A lot of cases have Have happened that people traveled on the highways to neighboring provinces and they were caught by the taliban were either kept on captivity or executed by the taliban given that you have forcing the government. Have you stopped traveling. Outside of kabul i do. I never travel actually. I don't travel by road on the highway on the town. We hear gunshots in the distance and decide. It's time for us to leave. We say goodbye to the soldiers whose job it is to hold off the the bonn at the gates of kabul as we drive back to military humvee school speeding past us towards the city. A soldier man's machine gun mounted on the roof so they're going fast and a few minutes later we find out that they're rushing an injured soldier to the hospital for the world. Hsun jafari in kabul iranians have had enough of.
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"president xi jinping" Discussed on The World: Latest Edition
"What we see is a slow motion carefully. Managed attitudes in which is basically corroding buddhism. It's removing the core. Doctrines of buddhism is quite specific. They're quite open up doing this and replacing them with what they call socialist values but they don't destroy the religion and they don't put thousands of people in custody in tibet robert an expert on to bed and a research associate at the school of oriental studies in london. Where he's been speaking with us from robert. Thank you very much. Thank you so much and thank you for covering the story. coming up. As haiti comes to terms with the assassination of president what role should the diaspora play. It's the world i'm marco werman. You're with the world. Kovic is everywhere on planet earth. Nowhere seems safe but some places appeared to have remained largely unscathed. Consider niger the vast landlocked country in west africa. Twenty twenty five million people there with more than a third of the population living in extreme poverty. But as the world's alana gordon reports nizhny has had few covert infections when jerry experienced its first cova cases back in march of two thousand twenty. The country quickly locked down shot borders and even closed worship centers in this majority muslim country. The government set up as leash intense and handwashing stations. Dr brass souleymane has been on the front lines of these efforts. He's at the general referral hospital in shares capital. Niamey your shadows. You would do i was mostly in charge of sorting and admitting patients. He tells me so. We might says they've not been busy. The country has only recorded fifty five hundred infections and less than two hundred deaths since the pandemic started when connect with souleymane. I can hear a fan. Squeaking in the background share is mostly And it's hot up gentlema- on nepal danced. Show others today when asia. They're only recording fewer than twenty active cases per day. He says and none of the infected or seriously hospitalized. Simon says a lot of factors into remarkably low levels of code orange Different in frustrated by wanting quantity mushroom. Our way of life is different and doesn't facilitate contamination. He says jersey is the largest country in west africa geographically but it doesn't have the kind of housing infrastructure or public transportation system that leads to a lot of mixing of people. He says people live in large lots that are spread out. They often sleep outside. It's very agricultural. The population is also really young. At least half or under the age of fifteen so even if many cases get missed they very likely haven't been serious about that ma that we don't have news actor. Blanche anya is the world health organization representative inisia- she says it's that hospitalizations are so low and the government has been very proactive in its response. But it's hard to know the full scope. Widespread testing isn't happening. The positive situation might also have to do with the virus itself. What might be sitting here might be a career. That is not very aggressive. The virus may not seem to be as aggressive but if a strong pandemic response is needed. That could be challenging. Violent insurgencies widespread poverty and displacement are realities in share on yet says it's hard to keep people thinking about covert many have dropped precautions. Now you don't have many people wearing masks for example and where the food. This was out of hand washing the yet. We don't see them anymore. Researchers me to better understand the scientific and social that make the situation seemed good inisia- right now. There's a lot to investigate. Dr john nakanga song director of the africa centers for disease control and prevention has a warning. This is a very treacherous values amoeba for three decades and viruses can to give you that four sense of complacency series into publishing unexploded he has watched. the explosion happened across the continent in liberia. Uganda namibia elsewhere. Africa is experiencing its most serious surge in cove in nineteen to date at this point. He says it's very dangerous to conclude that nigeria has a very unusual situation. Dr breath souleymane at the general referral hospital in shares. Capital is under no illusions. Either last week. The country's health minister called for greater public vigilance. Souleymane says despite all the things in his country's favor he doesn't think they're in the clear or somehow immune to coverted magoo von visuals action valiant wallace A to In the face of this current. Resurgence of new variant. He says we still remain careful. And we still remain on alert for the world. I'm alana gordon today. The funeral of haitian president juvenal moyes was held in copays in northern haiti melissa's assassination on july seven continues to impact life in haiti not to mention the haitian diaspora here in the united states. Many people in the us are wondering what role they play in. Shaping the future of their country gary pr pr is a founder and publisher of the haitian times a newspaper based in brooklyn for the haitian diaspora at gary. I wanna talk to you. About an essay you wrote recently about the relationship between the the diaspora and haiti at this critical moment members of the diaspora. Wanna play a role in shaping. The future of haiti but that is not so simple. What is attention you see there. It's that simple because we know we add another country. We don't live physically in the country and so decisions are not really Based on reality on the ground. That's the challenge haiti because it's middle-class essentially a defacto middle class for also to marco. Is that the data for has some work to be done. it's institutions are not as strong as they ought to be on the need to be rather to engage. It would haiti and so right now. The role department of role is that of a atm machine. Just basically send money back home and help families and relatives he got living and so the challenge is to find out. How can we engage meaningfully because eighty needs. It's middle class to succeed. The fact you mentioned the second go the fact that the diasporas largely middle class able to send some three plus billion dollars back to the island and remittances a year. I mean that middle class also create some tension with people on the island who are not middle-class. Actually no because everyone has a dass. Bo's helping them. The is from the political class. Who sees that as a threat. They don't want them anymore. Engage because then that creates competition quiz threat that they're not comfortable giving away to what they call outsiders. There is that diaspora that is largely middle classes. You say i mean much has been said over the decades about The power of the small circle of haitian elites and the much more populous. Poor on the island. Can you describe what that looks like. Today what impact. It's having on the upheaval intention. We're seeing a around the country especially import prints. You have about ten to twenty families maybe twenty five but slot that controls ninety five percent of the country and we industry is unlivable. Then it starts with little wealth distribution whatsoever how embedded in haiti is that economic stratification. Like what would it take for that to even out. All you gotta do is if you have good government a fair live very to democratize the economy dismantle those monopolies that are in place right now and let it be a true free market place. And so those are the issues that i think the clear-headed members of the dassler saying these are the conditions that we need to compete because we want to invest. Now just coming and blow money away. What do you think the. Us role should be now in helping eighty. The us has a long and complicated history with one hand. If done their best and the other hand. If they're worse other undermined the democratic process and has really turned off the people in haiti from democracy..
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"president xi jinping" Discussed on The World: Latest Edition
"It's really easy to get this impression. That japan messed up. Even though it's more complicating. That and i i would never want people to see japan that way. Coaching ikano from sofia university is also concerned about visitors. Coming away with the wrong impression of japan is not that much sense of husky de so. I do hope that they don't have to go back home with a sense that this was rather disappointing. This is not what we expected and the japanese government pulled us essentially ally that That we're going to be welcome. While the majority of the japanese public think games should be called off. Some volunteers are doing what they can to welcome overseas visitors. There bringing origami and pieces of japanese culture to members of the media who have to stay in the copen safe bubble and out of tokyo streets. Still mcconnell says the initial messaging behind tokyo twenty twenty is not holding up these by gopher all the promises made about the recovery olympic centered about the spirit of Techy we are so far from both ideas but the games in tokyo are just getting started over the next two weeks. The athletes will be focused on the events. They've been training for looking to make some of their own olympic history for the world. I'm bianca hillier. China's president xi jinping made a surprising visit this week. He traveled to the tibet. Autonomous region of china visit comes as chinese authorities are looking to further control tibet's traditional buddhist culture and generally the region. Robert barnett is an expert on to bed. He's a research associate at the school of oriental studies in london. Tibet is always in the news on the back burner robbie but this seems important to help us understand why there's visit tobacco significant for china's president. That hasn't been a visit by a chinese president since one thousand nine hundred thirty one years since we've seen a visit at this level to debate and it comes at a very important time for two reasons one as tensions between china and india which are all along. The tibet order are rising rapidly. India's mobilized fifty thousand soldiers to the board of china's probably done the same so this is a big signal that could raise tensions along that border and the second reason is that china's program too. Shall we say controlled. Culture into bed and religion is really gaining momentum. Now from what we can tell from the small signs of news that come out so she jinping being there is a sign that this cultural shall we say. Cultural management program is really gathering momentum so the signal She ascending to this border tension between china and india. What message is he sending. Well he didn't go just to the tibetan capital. Lhasa hit the a place he went to was a place coordinating tree which is about three hundred miles east of lahser much lower altitude and nutri is the main chinese base for imigrants. That's why the chinese liked to live. If they've got the choice could it's lower altitude. But it's also the main military base for the troops. The chinese troops and is very close to the disputed indian border so we have a very interesting phenomenon. A huge amount of videos being poured out of china show this visit by xi jinping. They all show him meeting monks and ordinary people in the streets very relaxed. But they don't show anything to do with the military or security or place but probably that may have been the real reason why he was. There was to to show support for the troops who are lining up against the indian soldiers on the gorda just a few miles from where he was the day before yesterday. So meantime in the background. How we're local tibetans and their government in exile responding to visit. Well i it's fascinating because the videos that china has put out a show very cla- cafe cheering crowds greeting the president. Our chairman as he walked through the streets of laws and is quite remarkable because these videos are clearly about showing no security. You don't see uniform place alone soldiers although they must all be there in huge numbers out of sight. And if you look carefully you can see these crowds very carefully arranged and they're probably selected people in the streets that cut off so it will somewhat stench manage. But we don't know what anybody really thinks inside tibet. It's almost impossible. Virtually no news comes out can really be confirmed but we do know what exiles thinking They've put out a statement. You know there's been a hundred and fifty six thousand dollars around the world off of them. In india and their exile government administration has taken kind of low key. Approach this visit and said that xi jinping could use this visit to understand better and begin negotiations with the exile allama so the exile government mcvay moderate in its approach. Still trying to push the chinese to to take a step towards talks that might resolve this. What is it seventy a conflict. Well robbie tibet's a witnessed massive economic development and an unparalleled infrastructure. Build up in recent years at. How is that effort been received into bed. Well people are very. i think. Probably thrilled about the improved infrastructure of the modernization into bed especially if they compared to surrounding countries like india qadesh nepal and so on where the standard of living is is much lower in terms of these practical issues. But people in tibet. They are very aware think although we can't read their minds and they can't really tell us but when we do the we hear a lot anguish a lot of paying about what china is doing to culture and tibetan religion languages becoming less and less significant in teaching in schools. They're pushing chinese language classes in kindergarten and in every village now they have permanent teams of officials. Every monastery in every village to bet that doesn't exist anywhere else in china so this control society events society in which now featuring pink is pushing citation chinese dominance assimilation of the culture and their religion. It won't wipe out to culture but it will definitely make a secondary. I mean no doubt. There is deep suspicion between to bed and beijing. I'm wondering though. Tibetans look over in xinjiang in northwest china and see an even more bleak future when the put them further under the thumb of beijing. What would you say about that. And the parallels between tibet and xinjiang. I think that the parallels between pension john have been hugely overplayed by foreign media and people misled about this because it but understandably because the party the communist use the same language same terms for what they're doing thought transformation. They caught it. And so on modernisation night alcohol rural revitalization and so on so they have these key terms and they use some of the same techniques but engine jong used with maximum force in tibet. They are we re ah council force being used but it's really very rare compared to xinjiang so the implementation of these policies is completely different in nature and this is probably because the chinese like so many countries and so many people are basically islamophobic. They've used the american idea of anti-terrorism from twenty years ago to justify a crackdown on essentially on islam islamic peoples of an unprecedented ferocity three in tibet. We don't see that..
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"president xi jinping" Discussed on The World: Latest Edition
"A reflection of the pain and disruption. We've all felt over the past year. Some of the pain for athletes today. The sixty eight thousand seat stadium. Tokyo was also largely empty. Just a small group of journalists and international dignitaries first lady jill biden was there representing the us. The famous parade of nations was also pretty sparse with only a limited number of athletes. Taking part the rest watch from the olympic village as the world's bianca hillier reports. These olympics are shaping up to be nothing like what japan imagined when it won the hosting bid eight years ago long before the corona virus pandemic the tokyo games were already billed as the recovery olympics. That's got a lot to do with history. Going back to the nineteen sixty four games in tokyo less than two decades after world war two. That was an occasion in which japan tried to showcase to the world. You will successfully covet and reconstructed after the devastation. That was caused to japan in the second world. War coachee ikano is a political science professor at sofia university. In tokyo he says back in the sixties that messaging resonated with people. The competition was dubbed. The greatest games ever and there was a sense of national unity over steel national sessile pride what japan achieved in the postal. That's the spirit. Japan wanted to capture when it was picked to host the games again in two thousand thirteen just two years after the devastating earthquake soon. Nami a nuclear disaster in the northeast. Irebu remembers that time. She grew up in yokohama. Just outside of tokyo. Japan was as country in a state of a lot of sadness in a lot of loss of hope. And within all of that there was this announcement that reroute gonna be able to host something that kind of thought the world together politicians saw an opportunity to coaching. Ikano says they hoped the twenty twenty games would reclaim japan's lost status. As the leading nation of asia beijing had just hosted the two thousand eight games and china's economy had just surpassed japan's there was a sense of mission on the part of the conservative rule. Was that. Japan needs to be taken back so the one of the projects was to get successful. Bid for the olympics under the name of recovery olympics at the center of the bed was japanese word. Almo tashi in essence means welcoming someone with a respect. I rea- says she was genuinely excited for japan to welcome people from all over the world just like they did in two thousand nineteen hosting the rugby world cup massage of a teaser. Rugby is nowhere near as big as the olympics. But i think there was just an example of how host and showcase that part of our culture. Now everything has changed. Ryu shares a widely held concerned that this version of the games does not capture. The almost nashi spirit cova has largely taken over. The narrative officials have cancelled. Almost all events meant to honor fukushima and the games have become a lightning rod. For controversy chief yoshiro mori is to resign. The ceremony director has been fired. Creative director responsible for the games opening and closing ceremonies has resigned at this point. The whole twenty twenty olympics brand appears to be tarnished for some toyota. A major sponsor pulled its commercials in tokyo and that could be just. The beginning says nancy snow of kyoto university that takes and company like toyota. That has such great reputation in history. Could van have this spillover effect on others to step forward so it was certainly the worst scenario for the ones who've been planning the olympics to see that half and just days before the opening ceremony. The games were meant to bolster japan's reputation. But i review is nervous about the damage. That's already been done. I feel like.