this week's npc standing committee meeting will last from today until friday. what we are really looking for is, after the conclusion of the npc standing committee meeting on friday, what exactly is the fiscal resource they are approving for stimulus. for supporting the economy. it's possible that there will be a press conference following the conclusion of the npc meeting. that would be a venue for them to provide more details. for investors and markets, people want to know how much and what are you going to spend it on. details are what you are looking out for, do you think we'll get a clear indication with regards to to housing or local government debt? we're not sure how much detail we are going to get. butjudging from the amount they approve, hopefully we'll be able to piece out

for example how much might be allocated for debt resolution, because local governments are under a lot of financing pressures. and in terms of additional spending to boost the economy, how much may be allocated for bank recapitalisation to allow banks to lend more. and how much may be allocated for consumption, a key focus area for investors as china transitions away from property and more into consumption—driven growth. you mentioned property, and that is a key concern, isn't it? do you think we will see some detail there? unclear. again, the details, we are not sure what they are going to unveil exactly. but in the late september politburo meeting, there was a clear emphasis for stabilising the property market. we interpret that as stabilising property prices, and to do that, you need to rebalance the supply versus demand. we think destocking houses, buying up empty apartment by local governments, that would be a way to achieve that.

so it is quite important to stabilise the property sector, although we are not sure how much detail we will get from the npc meeting. i know you have a close eye on these meetings this week, but there is also the small matter of the us election. how is it being seen in china? globally, investors�* eyes are glued on the election because the outcome will have important implications, especially for china. in terms of the outcome, if the outcome shows the risk for tariffs will be higher for china, we think the chinese policymakers are likely to increase the amount of fiscal stimulus. because, after all, higher tariffs, as shown in the 2018—19 experience, would have a negative impact on the chinese economy. we think policymakers are likely to provide some offset in that scenario.

americans will vote for their next president on tuesday. polls show voters rank the economy as one of the most pressing issues in the election. while inflation is easing towards the federal reserve 2% target, the sting of price increases over the last four years lingers for many consumers. inflation is cooling, consumers are spending, and thejobs market remains robust. on the surface, the us economy looks as strong as ever, even if many people don't feel that way. friday's jobs report showed the us unemployment rate remains at 4.1%, low by historical standards. overall, the american economy has grown rapidly. the latest gdp numbers show an annualised rate of 2.8% for the most recent quarter. and the prosperity is turning up in american wallets. the average household income last year was over $80,000,

back to its pre—pandemic levels. this has empowered the us consumer to keep spending and drive economic growth. consumers have been not only resilient but defiant, in the face of higher rates. and that was before we saw all the effects of the initial cut in rates by the federal reserve, so the good news is consumers still have a lot of savings, and wealth. but even as inflation comes down, many consumers paying grocery and utility bills still feel the pinch. the pandemic—related run—up in prices has made american life costlier and loomed large over the presidential election. and voters heading to the polls on tuesday are more likely to be thinking about their experiences with once—in—a—lifetime inflation. every week, we are going to work and getting a paycheque and seeing you still have to spend huge sums of money on gas to fill up your car to get to your office. that's another big

negative downward pressure on the us consumer. donald trump and kamala harris have offered very different ideas about making life more affordable. the vice president has suggested price controls for groceries, while mr trump has promised drilling for more oil would lower energy costs and reduce inflation. in truth, economists have warned the policies of both candidates would increase prices. and even if voters aren't feeling it, whoever wins on tuesday seems set to inherit a remarkably strong economy. a reminder you can watch live coverage of the election results on bbc news, on bbc one and iplayer in the uk at 10:1i0pm on tuesday. we'll have a special programme from washington, dc. india's adani group has begun to cut energy to bangladesh after

a payment dispute. bangladesh owes nearly $800 million. we have more live from mumbai. bangladesh's power grid data suggest that from october 31st, the adani group has halved power exports to bangladesh from its 1600 megawatts plant in eastern india. reports say the company has threatened to cut complete supplies if a payment schedule is not made clear by the bangladesh government. remember, the adani plant contributes 7—10% of the baseload power demand in bangladesh, so any power cut definitely impact millions of bangladeshis, who depend on it for consistent power supplies to their homes. the dispute is over $800 million that is due, which last month adani said was

becoming unsustainable. local reports quote government officials in bangladesh you say $100 million of that payment has already been cleared by the government. but since last month, adani has also increased the price of power it sends to bangladesh, which is adding burden on the interim government that is struggling to gather dollar revenues to pay for essential imports. they are now trying to fire up a furnace, oil plant and diesel power plants, to bridge the demand, but that will also mean increased money to consumers to pgy- increased money to consumers to pay. additional imf loans of about $3 billion still in conversations, that money has not yet come in, so definitely the bangladesh government need to resolve this to get a consistent power supply back on track. . ~' , ., consistent power supply back on track. . ~ , ., ., consistent power supply back on track. . ~ ., ~ 5g is poised to revolutionise several industries, including health care,

education and transportation. ai has also created huge demand for network and infrastructure to facilitate next—generation technology. i spoke with the head of ericsson singapore philippines and brunei, and he touched on the role of ai in a 5g future and the challenges that lie ahead. with al, we can predict traffic patterns and turn on and off the power. that creates huge savings when it comes to power. and with devices, we are seeing ai more and more in devices, and more ai applications today. what we are seeing in our networks is of course higher demand of traffic, and i think that will be one of the reasons we see traffic continue. and also low latency. what do we mean? it's really about how fast you respond. if you ask a question on al and you need to wait ten seconds, you have probably left the application. of course, if you can get the network to respond very fast, which of course impacts

how we build the network, i think it's a really great way of using ai and bringing it closer to the device. how are telcos changing their strategy and infrastructure to enable 5g? it's a big transformation. they need to deploy new equipment, to modernise their it systems. but of course, i think it's more about business modelling. it's all about getting out the new offers. it's for us as an industry, as a consumer, and businesses, to understand the value the platform has that it will give you. and many countries around the world, where you don't have as much fibre as in singapore, which is extremely mature with fibre connectivity. you can bring the connectivity to the unconnected. that's really encouraging to see in more developing countries where you can connect a lot of people who are not connected, and drive economic

growth in those countries. that is it for business today. thanks for watching, see you again soon.

hello and welcome to sportsday. i'm hugh ferris. our top stories. the weather intervenes at interlagos, as the sao paulo rain engulfs lando norris and takes max verstappen to the verge of yet another formula one world title. as manchester united await their new manager, their start to the season stutters again. and time to move on — joe marler quits international rugby, for good this time, after a week of headlines.

hello again. welcome along to sportsday. max verstappen produced one of the more remarkable drives of his formula one career to win what could prove to be the pivotal race of the season. he hadn't tasted victory in ten attempts, with mclaren�*s lando norris hopeful of reducing the world champion�*s lead in the drivers�* standings again, amidst the rain of the sao paulo grand prix. but from 17th to first, and verstappen is on the verge of a fourth straight title. joe wilson reports. lando norris knew not what lay ahead, only who was behind. max verstappen starting from 17th, while lance stroll didn't even manage the formation lap. consequence — aborted start. confusion. some cars moved, others didn't. investigations began. eventually, well, they all started properly. norris lost ground straight away. see his orange mclaren, and george russell going past him into the early lead. rain, which had disrupted verstappen�*s qualifying,

was gentle for a while.