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BBC News

hub — the city of dongguan. ren wenbing is a lifelong factory worker who's helped forge china's rise. this is your home? everything he owns is behind this door. but as china's economy falters, the last firm he worked for closed without warning, leaving him without his redundancy pay, which will take years to earn back. translation: it's hard to find newjobs. - we are old and we don't have many skills. most companies only hire younger people. he spent 16 years of his life in what is now a concrete shell. even in the wreckage, he can remember the furniture assembly line.

Factory-worker , China-s , Rise , Ren-wenbing , The-city-of-dongguan , Economy , Everything , Home , Translation , Firm , Redundancy-pay , Door

BBC News

wants to meet? yes, it's at a growth target of 596 which . wants to meet? yes, it's at a i growth target of 596 which many growth target of 5% which many economists fear that they won't manage. but they have managed to kind of do it in this first quarter, they've increased gdp by 5% year—on—year and that surprised many people. but when you speak to economists, what they talk about is the china shock wave. they are exporting their way out of trouble. first of all, it was steel and aluminium, but we saw cheap toys, furniture and goods all going and now it is this high—tech, high and green technology goods. the problem with exporting your way out of trouble as it does not deal with the problems at home and here they have an incredible real estate crisis, 20 million homes lying empty, the price of homes lying empty, the price of homes is crashing and that's affecting their own population and the argument from the waste is looking within your own borders and solve your own problems and stop dumping your goods on us to solve your economy. goods on us to solve your economy-— goods on us to solve your econom . . ., �* economy. laura bicker reporting for us there _ economy. laura bicker reporting for us there from _ economy. laura bicker reporting for us there from china. - economy. laura bicker reporting for us there from china. really l for us there from china. really great stuff and amazing to see

China-s , People , Kind , Economists , Growth-target , Wants , Yes , Ai , Gdp , Quarter , 596 , 5

BBC News

to travel to see. i feel reluctant to part with this place. i feel heartbroken. i've spent so many years here and now, this place has become like this. all the workers feel astonished and are disappointed and we grieve. prolonged covid lockdowns and bitter trade wars have chipped away at the pillars of china's economy, so the country has changed course. new technology and a new robotic workforce is taking over and the made in china brand is at the heart of the world's drive towards renewables. you're about to get a clear view of china's capacity to build. china dominates the world's solar panel market. 80% of the world's solar panels are made here. in fact, they've installed more in one year than the us have

Part , Place , Here-and-now , China-s , Economy , Country , Lockdowns , Prolonged-covid , Workers , Trade-wars , Pillars , Course

Asia Business Report

beijing's control over bytedance, tiktok is all the rage right now, one of the world's most downloaded apps and its viral videos have captured the short attention span of an entire generation. it's no wonder then that its owners are fighting tooth and nail against breaking up the tech giant. a key member of the federal reserve which says interest rates in america has told the bbc that the us is in no hurry to cut interest rates. the rafael bostic, the president of the atlanta fed, explained explained why to our editor. i've been saying for a long time that i expect the us economy to be strong, to continue to be strong but not quite this strong. it is much stronger and resilient and i've had expected. the one thing that i would add on this is that inflation is still higher than i would like and we need to get inflation all the way down to 2% target. i'm comfortable to taking a little longer for inflation to come all the way down, if we were doing to create

One , Tiktok , Bytedance , Apps , Control , World , Rage , Generation , Owners , Beijing , Videos , Attention-span

Asia Business Report

0bviously what happens to interest rates, you decide those, you help decide those and your current best estimates is that those us interest rates, which you have put up tojoin inflation, only come down a little bit this year and may be at the back end of the year? that's exactly right. the us economy will continue to grow through 2024 but that growth will come with a cost which is that inflation will come down very, very slowly. and because of that, it's going to be important for us to keep our policy at a restrictive level. we will be able to ease some of that restrictiveness at the end of 2024 and i think we probably won't get to target until well under 2025 and another thing that i try to tell folks is, let's be patient. let's not be in a hurry especially since there is so much stuff happening on the unemployment site. tesla shares have fallen to their lowest level in more than a year. and this comes after deutsche bank raise concerns

Interest-rates , Estimates , 0bviously , 0 , Us , Economy , Back-end , Tojoin-inflation , 2024 , Inflation , Growth , Some

Asia Business Report

a lot ofjobs and i'm not in a rush to get to 2%. the thing that i have to make sure that the economy doesn't start to move in the other direction so that inflationary pressures move up and we start to move away from our target but that's not what i'm seeing now. and so, i'm just going to stay vigilant and make sure that if that does happen, we are ready to act. but in terms ofjobs created, those numbers keep on shocking also, is this the result of what the us government has been doing in sort of pumping the economy? this combination of things that have all added up to much more resilient and robust consumer and then businesses have also been able to fill in because it had a lot of immigration, a lot of the supply chain challenges that happened during the pandemic, they are done now as well so it's a combination of factors that has caused us to really continue to be able to grow.

Thing , Target , Direction , Pressures , Rush , Ofjobs , Economy-doesn-t , 2 , Terms , Act , Us , Government

BBC News

and prosecution ran out of their strikes, which are essentially their ability to get rid of a juror based on any reason. in fact, one woman who said she did not care for donald trump's persona, well, his defence lawyers tried to get her removed for cause but they were unable to do that, the judge saying it wasn't about how she felt about him, it was whether she could serve impartially. donald trump was subdued throughout the day but upon leaving court, he said that he should be out campaigning and he said that this was an unfair trial. china's economy is facing its biggest economic challenge in two decades. the so—called factory of the world is struggling to recover from years of covid lockdowns and a global economic downturn. president xijinping's plan is to make and sell more electric cars, solar panels and wind turbines to sell to the uk and europe. but that has many western firms worried that low—cost chinese—made goods will force them out of business. 0ur china correspondent laura bicker has been to the country's manufacturing

Donald-trump , Woman , Fact , Ability , Prosecution , Juror , Persona , Strikes , Reason , One , Court , Cause

BBC News

of their strikes which are essentially variability to get rid of enduro based on any reason. in fact, rid of enduro based on any reason. infact, one rid of enduro based on any reason. in fact, one woman who said she did not have donald trump's persona, his defence lawyers tried to get her removed for cause, but they were unable to do that. the judge that it wasn't about how she felt about him but whether she felt about him but whether she could serve impartially. donald trump was subdued throughout the day but upon leaving court he said that he should be out campaigning and he said that this was an unfair trial. china's economy is facing its biggest economic challenge in two decades. the so—called factory of the world is struggling to recover from years of covid lockdowns and a global economic downturn. president xijinping's plan is to make and sell more electric cars, solar panels and wind turbines to sell to the uk and europe. but that has many western firms worried that low—cost chinese—made goods will force them out of business. our china correspondent, laura bicker, has been to the country's manufacturing hub, the city of dongguan.

Fact , Woman , Donald-trump , Cause , Enduro , Reason , Strikes , Defence-lawyers , Persona , Variability , Infact , One

Asia Business Report

with the world's most -0 - ulous with the world's most “oulous count - with the world's most populous country because - - with the world's most populous country because its l populous country because its stars voting today. elections in india will be held over seven phases and the first one gets under way on friday across 102 of the 543 seats. my colleague send this report from the southern state. i am one of the southern state. i am one of the busiest commercial streets, the busiest commercial streets, the city is the capital of the southern indian state which sets the lawmakers of the indian parliament. also state that found itself in the middle of crucial policy decisions as well as economic discourse, making it the country's second—largest economy contributing nearly 9% to the indian gdp. it's also been a state that's attracted big foreign players, samsung, heian hyundai as well as the others to diversify beyond china. all political parties like to showcase their winds and talk about how they got on foreign investment, these elections are also being fought on crucial

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Asia Business Report

economic concerns. at the forefront, the voice on the torres straight islanders talking about unemployment, how india's educated is still struggling to find jobs. public spending has been added lowest in the last 20 years as well as inequality has widened to 100 year high. so while on paper, in remains one of the fastest growing economy in the world, a fact that the ruling part of the party is looking to showcase as it hopes to come back and regain powerfor a record third time, the opposition is hoping to win on the argument that this development but the rolling bjp has not been enough and has not been for everyone. but test for india's political establishment begins now. in the us, netflix kicked off the earnings season for technology giants with the report card which meet expectations. the streaming giant added more than nine women subscribers in the first quarter, technology media analyst ben barringer gave us the breakdown.

The-voice , Jobs , Unemployment , Concerns , Educated , Inequality , Spending , India , Torres , 20 , 100 , World