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BBCNEWS World July 2, 2024

the full effect of higher rates has yet to be felt but households and businesses are coping. for now. plus ripe for transformation. how developments in al are starting to bear fruit in the push for more sustainable agriculture. we are looking at the top business stories. we start in beijing where china s president, xijinping is hosting european union leaders for their first in person summit meeting since 2019. and there is one huge number that is looming over the talks. 400 billion euros. that s roughly the size of china s trade surplus with the eu the difference between what they sell to europe, and what europe sells to china. european commission president ursula von der leyen says it s because of china s unfair support for its industries which means its products are flooding global markets and threaten to undermine europe s industrial base. china says the complaint doesn t make sense when the eu stops it from buying certain sensitive technology such as advan ....

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BBCNEWS Asia July 2, 2024

speak to a chinese economist at oxford economics. we are in expansionary territory but still quite, we are looking at perhaps quite a week set of data going to the end of the year. week set of data going to the end of the year. what does this tell us about end of the year. what does this tell us about the end of the year. what does this tell us about the broader - tell us about the broader chinese economy? it tell us about the broader chinese economy? it affirms to us we are chinese economy? it affirms to us we are family chinese economy? it affirms to us we are family on chinese economy? it affirms to us we are family on a chinese economy? it affirms to | us we are family on a bottoming out process. in this bottoming out process. in this bottoming out as always going to be volatile there will be slight ups and slight downs but chinese policymakers will look at the data from today and think this is the second month of contraction, we definitely need more st ....

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BBCNEWS Asia July 2, 2024

amount of coal they burned but a commitment on oil and gas use remains elusive. at the same time a meeting is also due to take those between the biggest oil producers and their allies, collectively known as opec plus of which the host, uae is a member. against that backdrop i have been speaking to david schlossberg, director of the sydney environment institute to remain sceptical about the of this year s climate talks. i think there are two clear problems. the first is the capture of the process by the fossil fuel industry and the second is the process itself. that is just the way it works. it means that petro states or countries that would captured by the fossil fuel industry can object to language and undermine real and strong changes. on the power of the fossil fuel industry, for this meeting we may be disappointed. we have the head of an oil state company setting the agenda and to me, that isjust an illustration of capture. he says it will be good to have the fossil ....

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BBCNEWS Asia July 2, 2024

as well as future business conditions, the country is facing an economic slump as we have been reporting and unemployment has a consumer spending as well. to understand more let s speak to a chinese economist at oxford economics. thank you forjoining us on asia business report. what is your reaction to the readings we are seeing? your reaction to the readings we are seeing? generally we are disappointed. we are seeing? generally we are disappointed, we we are seeing? generally we are disappointed, we had we are seeing? generally we are disappointed, we had expected i we are seeing? generally we are| disappointed, we had expected a contraction in this activity but not to the extent but we have to recognise these are diffusion industries more helpful in telling us the direction in which things are going stop i would say that on the manufacturing side what jumps out at us as this is effectively driven by if you look at the subcomponents this is driven by to a large ....

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BBCNEWS Verified July 2, 2024

not pass it on. there is a different thing again. actually quite an important distinction.- thing again. actually quite an important distinction. when you have a dress that as important distinction. when you have a dress that as well. important distinction. when you have a dress that as well. in important distinction. when you have a dress that as well. in your- a dress that as well. in your statement. and you have addressed that. statement. and you have addressed that and statement. and you have addressed that. and there was a stock take meeting. that. and there was a stock take meeting, the meeting to which she referred meeting, the meeting to which she referred earlier, that is,, i think, 146558, referred earlier, that is,, i think, 146558, a referred earlier, that is,, i think, 146558, a letter from imran shafi, who reported on the meeting, a meeting who reported on the meeting, a meeting between yourself and the prime meeting between yo ....

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