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of ukrainian grain from black sea ports that was due to expire on saturday has been renewed. youre watching bbc news. now its time for talking business lets ta ke lets take a look at what is on the show. spy balloons, tiktok and taiwan. travel is neverfar away from the us china relationship so what do mounting tensions mean for the global economy? the third presidential term and joe biden halfway through his first, strains between the worlds two biggest economies have deepened so what ...

Of his ministers explained the impact on trade. the other make the us has taken restrictive measures against trade with china and damage the confidence and willingness of chinese and us companies to cooperate with each other. so what is the impact of all of this and the company is trying to navigate politics? the american chamber of commerce in china just released a new survey looking at these issues and i have been speaking to its president. great to have you on the programme with us. you make ...

University about how important the relationship is. welcome to the programme. mr; relationship is. welcome to the programme-— relationship is. welcome to the programme. relationship is. welcome to the rouramme. g , ., programme. my pleasure. thank you. desite programme. my pleasure. thank you. despite their — programme. my pleasure. thank you. despite their political _ programme. my pleasure. thank you. despite their political differences, i despite their political differences, tariffs, the ...

Executive. a very warm welcome to the programme. executive. a very warm welcome to the programme-— executive. a very warm welcome to the programme. thank you for having me. i t the programme. thank you for having me- i try globally. — the programme. thank you for having me. i try globally, the _ the programme. thank you for having me. i try globally, the un _ the programme. thank you for having me. i try globally, the un says- the programme. thank you for having me. i try globally, the un sa...

It was unprecedented because, in the past ten years, before covid, it was mostly about how to stimulate domestic demand to promote a bigger and stronger consumer market and now the narrative has changed and when we have the cat the trade relations between the two, there is a clear decoupling in the high—tech sector and whether they can be more decoupling in other sectors remains to be seen and we hope not but that is one of the biggest uncertainties. really good to have you on the programme an...

And that being at loggerheads will is not going to serve either of their economies very well. the difficulty right now is that the tensions are rising and spilling over into the economic sphere as well and having politically —based recriminations against each other might be one thing but if this leads to escalating trade and financial hostilities both countries are going to have to pay a cost.— hostilities both countries are going to have to pay a cost. thank you so much for being _ to have ...