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authorities are seeking the death penalty for at least 21 people in connection with the protests. an uprising across china now leading to a drastic reversal in covid restrictions. one man in another country can also take credit. he helped bring those protests to light to the entire world and you're going to meet him in a cnn exclusive next. they'll help you create a flexible strategy designed to balalance growth and guaranteed income so you can enjoy the lifee you've created. that's the planning effect. frfrom fidelity.
the economy tries to recover. growth in china has sagged this year, largely impacted by the uncompromising covid—i9 curbs as global demand has also wavered. joining me now is jane foley, head of fx strategy, rabobank. how important will china's covid policy be to shaping global inflation next year? it is going to be really very significant. for instance if we look at that producer price inflation, that was negative again in november but if we look beyond that and we look to some prices of these key inputs, so for instance, iron ore which is crucial for steel ore which is crucial for steel or copper which is crucial for housebuilding and so many other goods too, we see that those prices have already gone higher in the market and this is because the market is anticipating that as china reopens there will be greater demand for that but there is one commodity which i think is going to be really important particularly for europe and thatis particularly for europe and that is liquid gas, lng. that has been weaker but as china reopens, is there going to be more competition for that? and that could be really important in 2023 as europe tries to refill its gas storage stations
relationship? i and what it tells this relationship?- and what it tells this relationship? and what it tells this relationshi - ? ~ ., relationship? i think we are still largely _ relationship? i think we are still largely in _ relationship? i think we are still largely in the _ relationship? i think we are j still largely in the economic slash investment space, as in saudi arabia has recognised that there is a centre of gravity in terms of its economic relationship, that is shifting eastwards and they must do something on the political level, the senior level with president xi himself to create the growth of the next ten years. obviously that creates a little bit of tension with the united states, the main security partner and i think everyone is watching to see what comes out in terms of agreements, the more sensitive of which would be on the military side.— military side. this is it, isn't it? _ military side. this is it, isn't it? the _ military side. this is it, isn't it? the deepening j military side. this is it, i isn't it? the deepening of the ties between these two is coming at a time when us and saudi ties have crumbled over opec's saudi ties have crumbled over opec�*s decision to flash crude oil supply. what sort of political framework has been developed between the gulf states and china to support this growing interdependence? i
are onerous. it some of those rules they are talking about relaxing, ring fencing rules, for example, that applied to challenge banks, they will be relaxed enabling them to compete better with high street banks. there has also been lobbying to water down other rules such as the personal responsibility on the senior managers. i personally have reservations about that because i think senior managers should be taking personal responsibility for their decisions. i am also disturbed by perhaps, more disturbed by the framing of this, which is about growth and competitiveness and the mooted idea that regulators were being tasked with fostering growth and competitiveness. to me that is not what regulation is about. let’s not what regulation is about. let's take one of _ not what regulation is about. let's take one of the _ not what regulation is about. let's take one of the first _ not what regulation is about. let's take one of the first points, just how competitive is london at the moment for investment? i how competitive is london at the moment for investment?- how competitive is london at the moment for investment? i think we have to be completely _ moment for investment? i think we have to be completely honest - moment for investment? i think we have to be completely honest and l moment for investment? i think we i have to be completely honest and say london at the moment is falling
economic growth for the uk and has been for a long time. we want to have more economic growth earned more money in our economy. we do need to prevent further damage to the financial sector and we need it to be competing internationally and we need it to be providing good and safe and quality services to our domestic businesses and to households as well. regulation kind of tries to square all of that and there is an argument that in the last decade it has gone a bit too far towards making everything safe and hasn't paid enough attention to actually making, helping the economy grow. and may be some rebalancing of aspects of regulation is a good idea because of that, but it really shouldn't be going towards watering down the safety of ordinary people's
roads for lorries that move in and out of your business. it's thinking ahead getting a winter plan. we have had uuite a ahead getting a winter plan. we have had quite a few _ ahead getting a winter plan. we have had quite a few extremes _ ahead getting a winter plan. we have had quite a few extremes in - ahead getting a winter plan. we have had quite a few extremes in the - had quite a few extremes in the weather. how were you impacted by the hot summer weather and have you recovered? the the hot summer weather and have you recovered? ., , ., recovered? the hot summer weather caused an extreme _ recovered? the hot summer weather caused an extreme amount - recovered? the hot summer weather caused an extreme amount of- recovered? the hot summer weather. caused an extreme amount of problems for us. throughout the country, really, with different areas having different issues. lots of people were struggling with the dry weather and it restricted grass growth. many people have gone into the winter with limited feed supplies for livestock. likewise, for those of us also growing crops, a lot of that crop growth was capped so you might not have had the yield you were anticipating. it is varied across the country. and heat stress on animals was incredible. by contrast, todayis animals was incredible. by contrast, today is very cold and you might see some cows behind me who quite like cold weather, as long as they keep the wind chill off. but they coped less well in the summer weather.
what we will not agree is that as our members get sacked, and we are talking about thousands upon thousands ofjob losses, we are talking about compulsory redundancies. we are not going to agree that royal mail replace those workers with self—employed drivers, with new entrants on 20% less pay, terms and conditions, and with agency workers, around 11,000 that they want to keep on all year. now, if the company want to move this forward, it's not unreasonable for us to say that we wantjob security at a time when they are employing all those other people. surely your viewers will understand that this is a just fight for the service. we will have more on that later here on bbc news. a major overhaul of the uks financial sector will be announced by the chancellor today, in a bid to boost growth. at a speech in edinburgh, jeremy hunt will introduce more