and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i emphasise that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to allay their fears that we would do something that would have broad based impacts on the chinese economy. that s not the case. that s not the intention. and i think this is an example of what i said about how to address national security concerns. senior market analyst kelvin wong told me that ms yellen did manage to smooth relations on the economic front. if you look at the us treasury secretary yellen, i believe that she is more pragmatic. so, all in all, i would like to state that ms yellen actually had a positive outcome in terms of economic communication between the us and china, but, however, on the general political front, i still reckon that i
more than 3/10 of a percent. this is what they call a bull run. the market s been on the upswing since october 2022, and it s thanks to a few tailwinds. among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hoverin
among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been hovering at their lowest points in as many years. this comes despite somewhat upbeat signals at the end of last year. for more on what we can expect from china,
Hello and welcome to Asia Business report. Im arunoday mukharji. Electronics giant foxconn is under investigation in china. Authorities are carrying out on Site Investigations in multiple locations the Company Operates in, according to Chinese State media. Business reporter Suranjana Tewari is here with the details. Give us a sense of what we know moment. Chinese state at the moment. Chinese state media say that foxconn is under investigation within china at some of its subsidiaries. Its some of its subsidiaries. Its not clear some of its subsidiaries. Its not clear as some of its subsidiaries. Its not clear as the some of its subsidiaries. It s not clear as the global times did not specify what it is under investigation for but it did allude to something related to taxes, to land use and the breaking of some sort of law and regulation. Foxconn is an Electronics Giant and makes apple iphones for the global market. It is a Taiwanese Company but has had good relations with the Chinese Go
Is a Taiwanese Company has got good relations with the Chinese Government which is why it has so many factories on the mainland. Foxconn says it will cooperate with authorities and respond to whatever it is asked. ~. , respond to whatever it is asked. ~. Respond to whatever it is asked. ,. , asked. What you make of the timin asked. What you make of the timing of asked. What you make of the timing of the asked. What you make of the timing of the developments . J timing of the developments . Its not clear why its happening now. What we do know is its a sensitive time for taiwan. Two and a half months from a president ial election which will be of interest to china. China claims taiwan as its own, although it is a self governed territory. The other interesting thing is that the former foxconn ceo and Chief Executive and founder recently cut ties with the company so he could run in and theres no indication it might be a coincidence and at an interesting time for them to be investigated in