Let us talk about that big celebration. China is marking its 70th anniversary and with it one of the most extraordinary and rapid economic transformations in history. From a relative financial minnow, the communist state has grown to become the worlds second biggest economy. As you can see from this graph, chinese economic expansion accelerated dramatically in the 1990s as a result of mass privatisations, and the opening up of the country but to Foreign Investment. But after decades of super charged growth the asian powerhouse only grew by 6. 2 year on year in the Second Quarter a far cry from the 14 growth of the 90s. But that all sounds worse than it is china has, to some degree, being intentionally slowing its economy as it moves away from dependency on investment towards more consumer driven growth. But there is a problem. The china us trade war. So far the us has imposed tariffs on more than 360 billion of chinese goods, and china has retaliated with tariffs on more than 110bn of
A waste of time for most people. The cost of credit. Spending on credit cards is at the most expensive in 13 years, even though Interest Rates are at record lows. I will look at why. Mo farahs former coach Alberto Salazar is found guilty of doping violations and banned from athletics for four years. A court case began behind closed doors in 2017, the year farah stopped working with salazar. Good morning. Today across scotland and Northern Ireland, early rain will clear. Then mostly dry for you with just a few showers. For england and wales, rain in the north and some heavy, thundery downpours further south which could lead to some issues with localised flooding. Will have more later. It is tuesdayi of october. We are based here for much of the morning at the conservative Party Conference in manchester. Our top story proposals to avoid a hard irish border are expected to be published in the coming days as part of the governments revised brexit deal. But, with less than a month until the
Asked a 2nd foreign leader for help to be able to discredit the moon investigation. Political chaos in peru after the president dissolved the opposition controlled congress which retaliate by suspending him from office. The Golden Knights on the track the african athlete seen here via uganda and kenya winning titles at the World Championships in daegu. Now ahead of Chinas National Day Hong Kong Police had warned that it would be a very very dangerous situation because of the increasingly violent protests that have gripped the territory for almost 4 months millions of people have taken to the streets to push against what they see as increasing control coming from beijing in this semi autonomous territories called hide live reports from hong kong. The annual National Day Flag Raising Ceremony in hong kong this year was watched by dignitaries and guests of the government on t. V. For security the 12000. 00 attendees were inside the Hong Kong Convention center for the celebration of the 70
The rule of law and you must face impeachment proceedings. Impeachment of the president will be cosmetic. In fact, probably exacerbate e e very antagonisms and divisions that are running apart the country. Amy we will speak with journalist chris hedges. His latest article the problem with impeachment and john , one of the organizations calling for trumps impeachment. Then we turned to the water crisis in newark with mayor ras baraka. The plan is never altered. Restlan now and we wont until every lead service line in the city is completely replaced. Amy all that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im amy goodman. House democrats have subpoenaed president Donald Trumps personal lawyer Rudy Giuliani seeking documents related to his work in the ukraine. Last week, giuliani admitted on television that he had urged the Ukrainian Government to investigate trumps political rival joe biden. This comes as House Democrats continue to build
Africa. The adventures of the famous naturalist and explorer. To celebrate alexander from votes 250th birthday were embarking on a voyage of discovery. Expedition voyage on t. W. A. China celebrates 70 years of communist rule the nations extraordinary economic transformation. Growing influence on africa. Germanys famous black forest to fight the chinese residents there to take over their regional airport. And. Faces of resistance from. Business lavish celebrations in china and the display of military might to mark 70 years of communist rule along with a complete economic turnabout after decades of stagnation under chairman mao zedong. In the late 1970 s. Process continues today all the while Chinese Companies have been snapping up their rivals abroad and the state has been exploring africa becoming its biggest investor beijing really burst on to Global Markets with its belts and Road Initiative its building Rail Networks and power stations all over the world over 60 countries a part of