china's stock markets fall despite assurances the world �*s second largest economy will hit growth targets. plus: drinking wine from denmark or norway? why this is a growing industry. welcome to business today. i'm katie silver. china is back on the radar after its golden week holiday, and authorities there announced plans to boost the economy, but provided few details. investment expert olivier d'assier told us the stimulus isn't enough to boost growth. and more stimulus is needed to boost growth. it is a drop in the bucket when you look at the size of the country. and the size of the problem. all engines of growth have stalled and are in reverse in some cases. there is a need for massive cpr here, notjust

fanning the flames. what can the government do? we talked again about the issues china is facing. short of these stimulus packages, we don't know a great deal about where the money is being spent. would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. it's been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. the government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again

and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects with a 1% return on assets. you need to get them to finance the productive sectors of the economy. the tech segments, the innovation segment, private enterprise which i know is politically hard to do but it's the only way to get china to avoid the loss. a lost decade. beijing a lost decade. bei'ing reiterated i a lost decade. bei'ing reiterated that i a lost decade. beijing| reiterated that wanted a lost decade. beijing i reiterated that wanted to a lost decade. beijing - reiterated that wanted to meet its 5% growth target. do you think it can meet its 5% growth target. do you think it can meet that its 5% growth target. do you think it can meet that target? that is another route of the problem the 5% growth target it is a number that basically came out of a political decision that china wants to be the world �*s largest economy and take over from the us and that is apolitical hope. and goal it is apolitical hope. and goal it is not something you should impose on the economy, if you

get it, great the only way to get it, great the only way to get 5% is through these bad debts and investment cycles we have seen, investing in property and things nobody needs, trying to export growth, all of these engines are slowing down. investment are slowing down. investment are slowing down. investment are slowing down, no—one is spending and that is hobbled by a debt burden, exports are facing resistance from political resistance from us and europe. political resistance from us and eur0pe-_ political resistance from us and europe. political resistance from us and euroe. , w , and europe. some breaking news boein: and europe. some breaking news boeing says _ and europe. some breaking news boeing says it — and europe. some breaking news boeing says it has _ and europe. some breaking news boeing says it has withdrawn - boeing says it has withdrawn its offer to striking workers after negotiations fell through. it said the union didn't seriously consider the offer. this comes as boeing and its largest union said they would continue contract talks, both sides seeking agreement in the strike of around 33,000 us factory workers. a story we continue to monitor at the moment negotiations have broken down, buying saying it has with drawn offer because the union

did not seriously consider it. —— boeing sange. we will bring you more details as it comes. usjustice department recommending google should be forced to sell parts of operations, it comes as there are concerns about the tech giants monopolisation of the online search market, the doj suggested in a court filing on tuesday. it could cause an historic anti—trust breakout that comes to pass. tiktok is being sued by a dozen us states which say the app has contributed to mental health studies against teenagers. platform say some of its features are harmful and addictive. challenge videos which encourage harmful behaviour late—night push notifications. tiktok said the claims were disappointing in many of the claims were inaccurate and misleading.

x has been allowed to operate in brazil again. the brill supreme court is giving x the right to return to brazil after stand off with elon musk the standout playing off over many months and culminating the summer with its decision to pull its legal representative in the country and refusing to pay a series of fines that had been levelled against it. x and must capitulating on both of those fronts, perhaps the biggest concession as companies decision to start blocking a series of accounts on x that have been probed for spreading misinformation and hate speech on the platform. initially mask called it censorship and this is the issue that got twitter now x

into hot water in brazil in the first place. brazilian authorities ultimately holding firm and getting their way on that issue. 50 firm and getting their way on that issue-— firm and getting their way on that issue. . ., , that issue. so here we are many months later— that issue. so here we are many months later and _ that issue. so here we are many months later and exploits - that issue. so here we are many months later and exploits to - months later and exploits to return, this is a very big market for x, this is the company largest market in the world. it has more than 20 million users on the platform through the country.- through the country. india's central bank _ through the country. india's central bank will _ through the country. india's central bank will unbalance | central bank will unbalance monetary policy decision on interest rates later today. our india business respondent has more on what markets could be factoring in. more on what markets could be factoring in-_ factoring in. the consensus from most _ factoring in. the consensus from most economists - factoring in. the consensus i from most economists seems factoring in. the consensus - from most economists seems to be interest rates will remain unchanged which means the central bank reserve bank of india will notjoin other central banks like the us federal reserve and reducing the cost of borrowing. there are two important reasons for this. one is that while inflation in india has begun to inch down in the past few consecutive months, food inflation continues to remain

hi. and second of course is the emergence of global geopolitical worries which could send crude oil prices spiralling. that is in particular a red flag for india given we are net importers of crude. the other important reason is that crude appears to be strong enough for the —— growth appears to be strong enough for the bank to maintain the status quo. consensus is interest rates will only start going down by december. there is an added surprise element to the markets will be watching up. it the ratesetting standard or monetary policy committee which decides which way interest rates are going, has three new members, it is still unclear which way they're thinking is geared towards. think of the nordic countries and sipping on a glass of locally—produced wine probably isn't what you would imagine. but this cooler northern region is now emerging as a new frontier in wine—making. 0ver recent years, dozens

of new commercial vineyards have opened in denmark, southern sweden and even norway. but can this new industry break through? from zealand in denmark, adrienne murray has been finding out more. far north of tuscany, more than 10,000 vines are growing on this danish hillside. scandinavia is hardly known as a prime wine growing region. this small but growing wine industry, is starting to flourish. a wave of nordic winemakers now stretch well into sweden. the northernmost up in norway. this winery started 13 years ago. people found out it is possible to grow wine in denmark so of course newcomers are coming every year. here it is mostly white wine made from the grapes which thrive in this call the region. the winery sells locally and supplies high—end

restaurants in the capital. we are making 3000 to 4000 bottles, now to 20,000 bottles. the interest is there, where they can be scaled up remains to be seen. commercial wine growing has been allowed for just over two decades. now denmark has 150 vineyards. this winery produces red wine. grapes usually associated with france. it's very challenging. it's new for us, we have to learn. it is not like south europe where they have generations after generations of learning. traditionally grapes grow well in southern europe but more frequent extreme weather event have affected harvests. temperatures in denmark have risen almost two degrees over the last 50 years. resulting in mild winters and longer fruit growing season. experts say climate change is pushing wine production further north and south

in each hemisphere. compared to established wine regions, cultivation is still small—scale. as local winemaking takes off... will consumers be convinced to buy it? there's a way to go before it is there. if you buy a french wine at 200, the danish wine is still too expensive. nordic winemaking will not rival france anytime soon but perhaps in the years ahead, glasses of scandinavian wine will not be such a novelty. adrian murray, bbc news. what a horrible assignment for adrian. and that's it for this edition of business today. thanks for watching. hey, it's lucy

with the catch up! tonight — would you wait a bit longerfor an uber? mcclaren's new team member. and pearl becomes a local celebrity. but first tonight, a murder investigation has been launched in northern ireland after the body of mary ward was found by police at her home in south belfast earlier this month. mary was a 22—year—old woman and a mother. she's one of four women who've been killed in northern ireland in the last six weeks. they are sophie watson who was 57, montserrat martorell who was 65, and rachel simpson who was a3. eve rosato is a reporter in northern ireland. if you've been affected by this report you can find support and information on bbc action line. some other stories now. people waiting for an uber should be patient enough

to wait a few minutes longer for an electric car. that's what the boss of uber has said as his company attempts to encourage customers to choose electric cars. the taxi company says that waiting "a couple of minutes isn't going to kill anyone". and ella lloyd hasjoined the mclaren driver development programme. ella is 19 and from wales. she'll drive in formula e's women's test in november and then she'll represent mclaren in the 2025 f1 academy season. she says she's really excited. now, ten seconds of pearl the 5—year—old dog who was rescued by firefighters when she was trapped in a van after she chewed through a lock. don't worry she's safe, well, and afterwards was playing with the firefighters who helped save her! that's us for tonight, have a good one!

hello and welcome to sportsday — i'm sarah mulkerrins. coming up on the program: it's goodbye to a great — spanish legend andres iniesta announces his retirement from football. it's advantage pakistan in the opening test against england — as they score more than 550 in their first innings in multan. and djokovic dominates in the opening round in shanghai — to move a step closer to a 100th career title.

welcome to the program. wherever you are watching around the world. we start with football where, after a 24—year playing career, spanish footballing legend andres iniesta has announced his retirement from football. the ao—year—old revealed his decision at an emotional press conference on tuesday. iniesta is widely regarded as one of the greatest players in history, scoring the winning goal in the 2010 world cup final — as well as being part of the spanish side that won the european championship in 2008 and 2012. he also won 29 trophies at barcelona in a 22—year career — before spending time injapan and the uae.

translation: i hope you'll allow me to get emotional. |