vote to impeach president yoon suk yeol passed on saturday. house prices have fallen 5.7% year on year in november, highlighting a continued struggle in the property sector. the government has been rolling out measures to try to revive the market for questions remain over whether they have been enough. meanwhile, retail sales data for november shows an uptick of 3% and that is lower than estimated also to unpack what all this means for china's economy and the prospects for next year, i am joined by economist alicia garcia, good to have you with us. firstly your reaction to the data? with all the stimulus coming in, was it too little too late? it coming in, was it too little too late?— coming in, was it too little too late? ., , ., ., ., too late? it was not related to consumption _ too late? it was not related to consumption so _ too late? it was not related to consumption so we _ too late? it was not related to consumption so we should - too late? it was not related toj consumption so we should not see anything else. we did see an improvement in october but that was basically... meaning the stimulus that had been

announced that was the centre bank first, 2a september, a golden week, everything was perfect, the stock market boomey, but it actually corrected when we realised that it will be a consumption based similars and that is november data is again much poorer than october. what they did on 8 november, the national people's congress, was planning on a 10 trillion to clean up, not to simulate consumption so that is why the deed is what it is. leaders must have been getting advice all year, we have been reporting the downturn significantly. why do you think it took so long to bring in those stimulus measures? figs it took so long to bring in those stimulus measures? fissi those stimulus measures? as i said, those stimulus measures? as i said. those _ those stimulus measures? as i said, those measures - those stimulus measures? " i said, those measures that were brought were not necessarily geared towards consumption and you are right that is what everyone is a china should do, so why, that is the question.

first thing comes first, this could be a problem in china and thatis, could be a problem in china and that is, i guess, if i were in the mpc, much more urgent, that is why the first analyses 10 trillion to clean other hidden debt. the banks are involved, they have been lending to local government through their financial vehicles meaning shadow that and either don't get those loans back, so they need to tackle these things first. the thing about china's debt being 100% of gdp, there was not much more money left unless you take a bigger risk on that. that is where the parties are hesitant. looking forward to — parties are hesitant. looking forward to next _ parties are hesitant. looking forward to next year, - parties are hesitant. looking forward to next year, do - parties are hesitant. looking forward to next year, do you j forward to next year, do you think 5% growth is achievable and if so what recommendations would you give leaders to try to achieve it? i would you give leaders to try to achieve it?— to achieve it? i would certainly _ to achieve it? i would certainly not - to achieve it? i would certainly not for - to achieve it? i would certainly not for the l to achieve it? i would - certainly not for the growth target as high as 5% because we all know that china is in a

deceleration, by the way the same as any country would be moving forwards, because that is how developing economies behave, they do not grow a 5% every year but i do fear that would be the targets, the 5%, which means they would need to push the excelerator possibly with more stimulus that means more debts, and i think there are challenges to accept the growth will come down as it becomes more developed. irate growth will come down as it becomes more developed. we will have to wait _ becomes more developed. we will have to wait and _ becomes more developed. we will have to wait and see _ becomes more developed. we will have to wait and see if— becomes more developed. we will have to wait and see if the - have to wait and see if the chinese government follows those recommendations. alicia, many thanks for your time as always. in other news — bitcoin has hit a new milestone, climbing above $105,000 for the first time. the digital currency has been on a tear since november, following donald trump's us election victory. the incoming president is seen to be crypto—friendly and is expected to improve the regulatory environment for the industry in 2025.

to south korea where the highly anticipated vote to impeach president yoon pass on saturday. impeachment proceedings have now begun in the last hour the ruling party leader han duck—soo has stepped down. this comes after the controversial martial law declaration nearly two weeks ago. james akin from the american chamber of commerce in korea says that this uncertainty is not a cause for concern for investors and businesses just yet. businesses 'ust yet. obviously on a businesses just yet. obviously on a saturday _ businesses just yet. obviously on a saturday the _ businesses just yet. obviously on a saturday the people - businesses just yet. obviously on a saturday the people have spoken, the national assembly fully supports this motion for the people, and i really believe that as we decouple the politics from this, i think inaudible achieved today. obviously the acting president han duck—soo has significant experience, he is bipartisan, and i believe during this we will instill the same confidence abo is business we will instill the same confidence abo is bipartisan, experience, he is bipartisan, and i believe during this

process he will help guide the process he will help guide the country to a proper confidence country to a proper confidence and will really help us guide and will really help us guide the country to the next steps. the country to the next steps. the volatility must have the volatility must have impacted your members as have impacted your members as have the union strikes ever since the union strikes ever since the union strikes ever since the crisis a couple of weeks the union strikes ever since the crisis a couple of weeks ago. what are you telling your ago. what are you telling your members how much of an members how much of an opportunity does south korea opportunity does south korea still giving everything that has happened? we still giving everything that has happened? we still giving everything that still giving everything that has happened? still giving everything that has hauened? s, , has happened? we actually came in with the deputy _ has happened? still giving everything that has hauened? s, , has happened? we actually came in with the deputy _ has happened? we actually came in with the deputy prime - in with the deputy prime minister along with the a few has happened? we actually came in with the deputy prime - in with the deputy prime minister along with the a few other chamber members and we other chamber members and we all told senior government all told senior government officials that our members are officials that our members are not fazed by some of the not fazed by some of the concerns that are under way. we concerns that are under way. we have talked about decoupling have talked about decoupling politics, and as business politics, and as business people which is focused on what people which is focused on what we do best, which is to do we do best, which is to do business and what the business and what the politicians worry about the politicians worry about the future later. i have a meeting future later. i have a meeting with a party leader today and with a party leader today and we will instill the same we will instill the same

confidence about business confidence about business and

we will instill the same confidence ab he business and we will instill the same confidence ab he will iness and we will instill the same confidence ab he will look and we will instill the same confidence ab he will look atid made, i think he will look at korea favourably. under the first donald trump administrator, i met with him twice, and i know that he reviews green companies in the us and he sees a lot of opportunities there. there are other day-to-day _ opportunities there. there are other day-to-day business - opportunities there. there are i other day-to-day business needs other day—to—day business needs and investment as you mentioned that there was also the threat of tariffs from donald trump 2.0. the rim of the plan to navigate those addressing with everything else going on? the wa i everything else going on? the way i look _ everything else going on? the way i look at _ everything else going on? the way i look at it _ everything else going on? the way i look at it is _ everything else going on? iie: way i look at it is obviously the trade deficit is a concern but it is a great opportunity for american companies to do more business in korea whether it is semiconductor companies and because of that i believe that many of these us companies will have great opportunities in korea. i also think that as we have so many companies investing in america, i believe that with all the red states have these great investments

whether tennessee, georgia, alabama, these states like indiana, they have all benefited greatly from these companies. i really believe that because it is a complicated relationship, i think that the fact that companies are a special asset. to say with bbc news, we will have the latest developments from south korea with newsday at the top of the hour. australia's corporate regulator is doing hsbc australia over failing to protect its customers when it comes to scams. the bank did not have adequate controls to detect unauthorised payments, and also being accused of being slow to investigate customer reports of such transactions resulting in more than $40 million in losses for customers between 2020 and 2024. the parent company of

their bridgen royal mail, one of the disposal services is to be sold to the check early in daniel protested. the deal, approved by the uk government and trade unions, is expected to be announced later on monday. the british government will retain a so—called golden share, meaning it would have to approve any major changes to royal mail's ownership, the location of its headquarters and its tax residency. the founder of fashion chain mango, isac andic, passed away on saturday following an accident near barcelona. the 71—year—old billionaire reportedly fell down a ravine while hiking in caves in the region. the current chief executive of mango, tony ruiz, expressed his condolences in a statement, saying "his "departure leaves a huge void". a quick recap of the data we have had out of china. house prices have fallen 5.7%

year—on—year in november, highlighting a continuous struggle in the property sector. retailsales struggle in the property sector. retail sales data for november shows an uptick of a 3%, a sharp slowdown from 4.8% growth in october where retail sales recorded the quickest growth since february, held by the annual a single day shopping festival. that is all for now, do stay with us on bbc news.

hello and welcome to sportsday. pressure on pep as united beat city with a last gasp winner in the manchester derby. celtic claim the scottish league cup title after a hectic 90 minutes, extra time plus a penalty shoot—out against rangers. and we meet the british olympic champion rower who's

recycling her used kit in a bid to cut down on waste. hello and welcome along to the programme. lots to get through, and we'll start with a fascinating manchester derby in the english premier league with a dramatic final few minutes giving manchester united victory. josko gvadiol had given manchester city a first—half lead, but united hit back with two goals in two minutes right at the end of the game at the etihad stadim. the first — a penalty scored by bruno fernandes. the second from amad diallo to complete the turnaround and give the new united manager ruben amorim an important derby win. we were in the game for 90 minutes and that is very good, and a file today they believe it, we talk about