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BBCNEWS Asia July 5, 2024

a severe economic slump. the 23 banks tested at more than $100 billion in assets each. that results in a vote of confidence for the financial sector after the collapse of the silicon valley bank earlier this year. elsewhere in the us, president joe biden has vowed to restore the american dream in a speech promoting his so called bidenomics policy at a rally in chicago. he is courting voters ahead of the presidential re election bid next year. michelle fleury explains. joe biden went on the road to make his pitch to sceptical americans. the president outlined his economic asian for the future and laid out what his policies have delivered so far. ., , his policies have delivered so far. ., . ,, ., , far. today, the us has the hithest far. today, the us has the highest economic - far. today, the us has the highest economic growth i far. today, the us has the - highest economic growth rate, leading the world economies, since the pandemic. the highest in the world. ﬁnd si ....

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BBCNEWS Asia July 5, 2024

i mean by that is the perception of china from outside, even those who have businesses here and have teams here, for whom china is a very important market and then the writ lived reality on the ground. that is due anywhere in the world but i think one of the world but i think one of the confusions during the pandemic period particular contributed to the gap. what they will find is and they will visit their own teams and factory floors and get an idea on what the outlook is but the truth is zero covid and some of the other challenges have really stomped on consumer investor confidence and it has beenin investor confidence and it has been in unbalanced so far so it isjust not been in unbalanced so far so it is just not the recovery people were hoping for even if it is not as grim as the more sensational headlines suggest. we just want to ask you because regulations in china have tightened. this is not good for a business environment, for anyone. a business environme ....

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BBCNEWS World July 5, 2024

joins me now, head of autos and infrastructure at fitch solutions. good morning to you. so, this has literallyjust come out, hasn t it? what do you make of this plan? it hasn t it? what do you make of this plan? this plan? it really appears to be future this plan? it really appears to be future proofing this plan? it really appears to be future proofing the - this plan? it really appears to | be future proofing the industry for this shift to evs which is already the fastest growing segment in the market, and that brings with it big changes to the manufacturing side of the industry. we have been looking at something similar ourselves and what will be the megatrends in the industry to 2050 and one of those is automation because evs are particularly well suited by manner of having fewer parts to more automated manufacturing and it has an impact on the skill sets that are required for manufacturing. but notjust are required for manufacturing. but not just the are requi ....

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BBCNEWS Asia July 5, 2024

to boost foreign investments in the country as its own economic engine slows. for clues on what we can expect. mattie bekink of the economist intelligence unit spoke to us. i think one of the reasons that this meeting and the stream of executives and world leaders turning to china in the last few months since the very surprisingly exit from the zero covid and the reopening is because there has been a perception gap that has only widened in the three years that china was close. but i mean by thatis china was close. but i mean by that is the perception of china from outside even those who have businesses here and for whom china is a very important market and the lived reality on the ground. that is true anywhere in the world but i think some of the geopolitical tensions and confusion during the pandemic. particularly contributed to this perception 93p- contributed to this perception gap. so what they will find is, one, but they will discover is a chance to revisit their o ....

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BBCNEWS Asia July 5, 2024

investing the money they had originally promised. from new york samira hussain explains. after the ohio town where it is based,it after the ohio town where it is based, it started in 2019 and words heralded by then us president donald trump does company that was bringing back manufacturing. since then it has struggled to make electric shocks, making only a handful. they also blame part of their failures on the taiwanese company foxconn, which says promised to invest more money and to collaborate on vehicle development plans. foxconn, which has already invested more than $50 million, said it was hoping to negotiate a solution to lordstown s financial woes. lordstown is not the only electric truck maker that has been suffering lately, river yealm, but by amazon, has made less cars, trucks, advance that it had expected. it is all a big come down from the electric truck frenzy that had wall street investors just a few years ago. that is samira hussain in new york. in other ....

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