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We have a feed through from the chinese economy to the rest of the world through chinese investment, particularly Property Investment and infrastructure investment, and the news on that front is not quite so positive yet. We are still seeing relatively sluggish investment in those areas. A lot of the recent improvement has actually come from the consumer sector, which is a good thing for chinas economy, where we are seeing some rebalancing away from investment, but in terms of chinese demand for what the rest of the world produces, it is not quite as positive a development. Having said that, despite the continued weakness in the property sector, there were some green shoots in the data today. I think we could see a bit of relief for the Housing Market over the next few quarters and that definitely will be a positive for the rest of the world as well. Todays gdp news come ....
By an israeli airstrike. The Israeli Military has denied responsibility, saying the blast was caused by a failed rocket launched by the gaza based Militant GroupPalestinian Islamic jihad. Us President Joe Biden is currently travelling to israel, but a planned Summit Injordan with arab leaders has now been cancelled. Biden s visit is designed to further demonstrate americas support for israel. The white house is saying the us is optimistic about getting humanitarian aid into gaza. On our website we have a live page that is constantly updating with the latest developments but now lets focus on the top Business Stories. Here in europe in a few ....
Cornell university, and a former head of the imf s china division. Speaking to me earlier, he said the belt and Road Initiative had achieved mixed results for china. The belt and Road Initiative was chinas gamble to again achieve political and democrat influence, as well as extend dock expand its reach, and Build Transport and other infrastructure that would link china with many of these other countries. Now some of these investments have not paid off very well, in terms of geo political terms because china is getting pushback from some countries that feel they have been indebted to china. So this is an attempt by the Xi Jinping Administration to put the belt and Road Initiative back on track. ,. ....