haidi: always great having you, banny lam.ou to paul allen who has headlines from sydney. paul: thank you. china's major securities newspaper citing multiple analysts predicting a cut in the loan prime rates after the pboc lowered both its one-year policy loan and seven-day reverse repurchase rate. reports quote analysts seeing a reduction in one year and five your lpr's to less than -- five-year lpr's. xi jinping has called on nations to secure global supply chains and prevent inflation shocks. the third time he has spoken of the event. china is seeking to minimize economic and diplomatic instability asx continues toi keep power in the second half -- diplomatic instability as xi intends to keep power. >> enormous potential and long-term sustainability. remain unchanged. we have every confidence in the future of china's economy. paul: talk to government is seeking stricter covid measures in three surrounding prefectures. the governor says more than 20% of hospital beds dedicated to the virus were occupied as of monday. that is