tianjin is i known as the summer davos, as you mentioned.vos event in switzerland happens, but if you look at asia, this is the largest event conducted by the world economic forum. it has attracted some of the biggest names from the political world, some of the biggest corporations comercios... this event is happening in china, first the shop —— this is the first three despite the first time in three years it has happened. china has been really struggling to bounce back after with the economy. it still has not shown big signs, big numbers, as we saw, as with covid—19. for china, it is important, to put up an event to showcase the work that they are ready to open up, and they can go back to both of them, free covid—19. that is when this become a smack becomes really important. the chinese art say this would be a huge delegation coming from different parts of the world. —— that is when this becomes really important. it will be interesting to see you attend this event, given the geopolitical climate, there has been tensions from dc and beijing

. >>> and the summer davos will welcome foreign investment pto fuel foreign growth. >> this is becoming lost decade with low growth moving forward. 2.8% global growth is not what we need. >>> a landslide victory for the greece party to govern alone >>> good morning let's go over some of the stunning developments from the weekend. mer mercenary soldiers have withdrawn from the city after a short mutiny one of the biggest issues over putin's power. wagner vfighters are believed to return to the base the commander will move to belarus, but his current whereabouts are unknown. this weekend's revolt started friday night when wagner's prigozhin carried out a missile attack on his soldiers in response, the fsb said prigozhin was starting an armed rebel rebe rebellion. he was speaking to the deputy defense minister and had taken control of the area. >> and vladimir putin made a national address he accused prigozhin of betraying the country and vowed to crush the mutiny. by saturday evening with the wagner soldiers approaching moscow, prigozhin ordered troops to stand down. a deal had been appro

doesn't feel as though it matches up to reality so you have the previous economics, for example, at davoshis year, the original davos, so to speak, telling foreign investors and reassuring the community that china was back in business, it was a great time to come and invest and do business and on the heels of that you had several incidents related to foreign businesses all around what we presume to be national security issues and i think itjust points to the new reality of china's growth story. so the glory days of china's growth are behind it and what i mean by that is we are not going to —— back to 79 growth rates. that is inevitable and was also inevitable and was also inevitable as the country advances but that doesn't mean the china's growth story is over but the growth now in china is tempered by concerns about national security and social fairness and it is that national security piece that poses a challenge to foreign investors and foreign business because it is difficult to wrap your mind around.— because it is difficult to wrap your mind around. speaking of china's economy, _ yo

the world economic forum in davos, switzerland. they annual meetings started in 71. this is boilerplate. okay, next, this is the book that. klaus schwab, its founder, wrote in june of 2020 called the great reset. now people say, oh, it's a dark conspiracy theory. i was just called a conspiracy theorist. the soros funded media matters america, how is something a conspiracy theory when the founder, the group had a book called the great reset done slick videos on it. they're and i'm going to i use all of their quotes i use all the mainstream media quotes on this this what they said in june 2020, the whole world is reeling with covid lockdowns and. this is what klaus schwab, the head of the world economic, closely tied with the united sustainable agenda 21 world health organization. it represents a narrow window of opportunity to reach, reflect, reimagine and reset our world. so what does that even mean next? every from the u.s. to china must participate. there's no option there. remember, it's like a mandatory lock every must be transformed notice, he said. oil and gas

invested in a new performing school with his students and set the rhythm for the economic forum in davos the winner of the shostakovich prize, honorary professor. msu went good will. unesco, all these heights were conquered by a guy from irkutsk who tamed classical music. the date of the week is june 11, the forty- eighth birthday of the flagship. russian piano from school. denis matsueva we looked around the planet. thank you for staying with us. go to the site www.tvr.by and watch your favorite tv news agency projects online, goodbye. belarus shmatem prostrate can be joked by throwing here there is a ball in the lake for the non-random name of god's wok, in spite of the lake, it dug up something to its obrysam and they guess wolf in lake maya, the shape of the correct circle, i don’t change like that for a long time, i’ll eat in the distance, that the wok sorries people from it behind the right and shreds them such choral chandeliers in belarus i have always been proud that i am a belarusian knowingly they say that our republic blue-eyed blue is the place where you feel confident confi

particular because that's where business leaders are gathered for the world economic forum's summer davos the first one in 3 years due to the pandemic. it also comes at a crucial time for china it's looking 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 ga

so you had the previous economics at davos this year, the original devil so to speak, telling foreignnd reassuring the community that china was back in business and was a great place to invest in do business, and on the heels of that you have several incidents related to foreign businesses all around will be presumed to be national security issues. in i think arejust points national security issues. in i think are just points to the new reality of china's growth story, the glory days of china's growth behind it, we're not going to 7— io% china's growth behind it, we're not going to 7— 10% growth rates, this letter was inevitable and it is inevitable as a country advances, but that doesn't mean china's growth story is over. but the growth now in china is tempered by concerns about national security and social fairness and it is that national security piece that poses a challenge for foreign investors and foreign business because it is difficult to wrap your mind around. ., ~ , ., v is difficult to wrap your mind around. . ~ , . �*, ., is difficult to wrap your mind around. w , . �*, .,

addressing the so—called "summer davos" conference in the northern chinese city of tianjin, he said theoncept of "de—risking" was a false proposition given the scale of economic globalisation. he called instead for increased co—operation. the united states and the european union have in recent months spoken about reducing their reliance on the world's second largest economy. let's talk to mark williams at capital economics. why are they so concerned, the chinese economy has been the powerhouse economy but they are a little nervous about europe and the us saying we want to reduce our reliance on what you do. there is a coume — our reliance on what you do. there is a coume of _ our reliance on what you do. there is a couple of things _ our reliance on what you do. there is a couple of things they're - is a couple of things they're worried about. china's economy is not performing very well right now and the government would like to reassure businesses particularly foreign businesses that now is a great time to invest and should be expanding your operations in china. business confidence par

jihad explanation , yes, the best explanation is needed, but it is different as a human being sit in davos university and talk about calling for war , or like shahid hassan bagheri in the middle of the war, work on war planning

analysts consider this meeting stronger and more prosperous than they analyzed the western davos meeting and believe that this year's participants were 3 thousand more than last year, and in a situation where the western side used all its efforts to isolate russia, it showed that today russia is a reliable partner of the countries of the world in the new world order at the end. risif raised these very important points in his speech, which had many flowers. in the economic aspect, he stressed that russia's policy of selling toys to the east has changed since the ukraine crisis, and today russia is very special and impressive in the field of modern economy. had and soon russia's need for raw proschi emphasized in the game of military special operations and announced that the same fate happened to the american, british and german f-16 aircraft in any country where they are located, and their invasion of russia and to russia in special operations is a threat to russia. mr. putin emphasized the launch of the north-south strategy until 2025 and emphasized that the countries that are russia's f

the scale and level of the site is emphasized by the fact that it is even often called the russian davosthe meeting place for heads of state , finance ministers and company leaders to participate in the form of this year. already confirmed by more than 17,000 people from 130 countries, the conference, organized in the form of plenary sessions of round tables, exhibitions of teleconferences and presentations, will become the main platform, congress, exhibition center in pulkovo , everything is already ready to receive guests, deployed numerous stands and expositions, representing individual russian regions and large companies. well, our traveling studio ntv is also located next door. information park is a partner of the st. petersburg forum. do not miss the live broadcasts of the northern capital . you only need the economy and the organizers of the st. petersburg international forum, of course, it is not limited, a characteristic feature of this conference is the extensive cultural program fair of contemporary artists and sculptors. other than that. there are creative works made by artif

talking about, for example, one of the central globalists and ideologists of the economic forum in davosa constant participant in this forum and deputy of the schwab, mr. yuvalny harari , declares that the bible is outdated, it needs to be rewritten using artificial intelligence, but this little he predicts the emergence of a new attention to a new universal religion. you need a whole new ideology , a new religion, and they'll probably spring up in silicon valley or a hangar. they on the middle east is a worldview based on technology and everything that the old religions promised happiness. eternal life, but here on earth with the help of technology, after death, they did not rule, not the law of religion. faith moreover, i want to note that, as it were, the herald of a new religion, mr. yu. free harari, he is openly gay, and now i have a question what kind of religion will it be? that it will be based on what is called tolerance multiculturalism, but in fact an absolutely disastrous movement for humanity, same-sex marriages, illuminated church, castrated children, gender-changing hallow

petersburg, russia , analyzed the meeting as stronger and more prosperous than the western davos meeting. and they believe that this year's participants were 3 thousand more than last year, and in a situation where the western side is using all its efforts to isolate russia , today russia is a reliable partner of the countries of the world in the new world order. these very important points in the words of it has been suggested that there are many words in the economic aspect, bode stressed that russia's policy of selling toys to the east has been changed since the ukraine crisis, and today russia is very special and impressive in the field of modern economy, and soon russia will need raw materials in the game of military special operations. he emphasized and declared that the same fate happened to the american, british and german f-16 aircraft in any country where it is located, and their invasion of russian soil and to russia in special operations will bring a threat of error in russia into the operation, mr. putin emphasized. north-south strategy launch and up 2025 and emphasized that

and you will see, as well, the executives who have come here for the "summer davos."bout opportunities, but there are also those risks. a country like new zealand is a prime example, its prime minister will also be here and have seen the cautionary to posed by australia in that diplomatic fight with china. they saw their exports to china dwindle in some key areas. so it is a fine line that the new zealand government has to walk as well with china, because china is a number one buyer of new zealand goods. so again, it is just one example, a microcosm of what different countries and businesses have to deal with in the new paradigm shift in china. shery: chief north asia correspondent stephen engle their in the engine. our exclusive interview with the general manager agustin carstens for the bank for international settlements, is next. this is bloomberg. ♪ >> liquid cash, in some instances. we probably need a governance mechanism that anchors trust in the imf and the rule. -- e. the queen sleep number 360 c2 smart bed is now only $899. plus, 48-month financing on all sma

talked about, for example, one of the central globalists and ideologists of the economic forum in davose constant participant of this forum and the deputy of the schwab, mr. yuvalny harari , declares that the bible is outdated, it needs to be rewritten with the help of artificial intelligence, so he predicts little about the emergence of a new attention, a new universal religion. you need a whole new ideology a new religion and they will probably come from silicon valley or vangaloria they are in the middle east and they will probably be able to give people a technology based worldview and everything that the old religions promised, happiness, justice and even eternal life, but here on earth with the help of technology.

just talked about, for example, one of the central globalists and ideologues of the economic forum in davosant participant in this forum and deputy of the schwab, mr. yuvalny harari declares that the bible is outdated, it needs to be rewritten with the help of artificial intelligence, so he predicts little about the emergence of a new attention to a new universal religion. you need a whole new ideology, a new religion, and they will probably come from silicon valley or a hangar, not the middle east, and they will probably be able to give people a technology-based worldview and everything that the old religions promised, happiness, justice, and even eternal life, but here on earth with the help of technology. they are after death. faith, i want to note that, as it were, the new religion, the master of the young harari, he is open, and now i have a question what kind of religion it will be, what will you be based on what is called tolerance multiculturalism, but in fact , same-sex marriage is an absolutely disastrous movement for humanity , illuminated by the church of castries children gende

they cue so much for joining us here at such an early hour on the final day of the summit davos.s struck you about the meeting so far in the tone? there's lots of global stresses, china is in focus as are reopening and try to attract business to come back to china and restore confidence. we all know about the stresses, the debt issues in africa, i inflation is still persisting, we have war in ukraine, what stood out in your conversations so far? >> what has been quite fascinating here is that the politics haven't been quite as big a topic at this davos. it's not quite like switzerland where we normally have quite a big portion of the discussion centered around geopolitics. particularly strange given that geopolitical tensions are so high. stephen: i find that the worn ukraine is not talked about at all. >> at all, what i would say is that the messaging from premier li has been straightforward. the world means peace, the world needs security as the foundation for prosperity and for growth, and so he kept coming back to that theme, so i think that was, number one, clear. the second

alex davos was the chief security officer for now the until 2018. now lead the stanford internet observatory. he noted the individuals whose accounts have already been flagged and given unlimited access can still dive deep into a network of people who share their criminal and disturbing interests that a team of 3 academics with limited access could find such a huge network should set off alarms that matter, i hope that company re invested in human invest the ages. the screenshot illustrates just how easily it works. the market commissioner says he wants an explanation for mark soccer burke, who is the chair of meta, the corporation that owns both instagram and facebook. he also wants to know what kind of action can be taken to shut these networks down. matters voluntary code on child protection seems not to work. mach took it back, must now explain and take immediate action. i will discuss with human meadows headquarters in menlo park on the 23rd of june, off to the 25th of august under the digital services ox. meta has to demonstrate measures to us

alex davos was the chief security officer for meta until 2018. now lead the stanford internet observatory. he noted the individuals whose accounts have already been flagged and given unlimited access can still dive deep into a network of people who share their criminal and disturbing interests that a team of 3 academics with limited access could find such a huge network should sets off alarms that matter, i hope that company re, invests in human investigators. the screenshot illustrates just how easily it works . the market commissioner says he wants an explanation for marks. dr. burke, who is the chair of meta, the corporation that owns both instagram and facebook. he also wants to know what kind of action can be taken to shop these networks down. met this voluntary calls on child protection seems not to work. marks to conduct must now explain and take immediate action. i will discuss with him at the mattress h q in menlo park, on the 23rd of june of the 25th of august. and the digital services act matter has to demonstrate measures to us all fa

alex davos was the chief security officer for now the until 2018 now leads the stanford internet observatory. he noted the individuals whose accounts have already been flagged and given unlimited access can still dive deep into a network of people who share their criminal and disturbing interests that a team of 3 academics with limited access could find such a huge network should sets off alarms that matter, i hope that company re invested in human invest the ages. the screenshot illustrates just how easily it works. the market commissioner says he wants an explanation for mark zuckerberg, who is the chair of meta, the corporation that owns both instagram and facebook. he also wants to know what kind of action can be taken to shut these networks down. met this voluntary calls on child protection, seems not to work. marks who could back must now explain and take immediate action . i will discuss with him at the mattress h q in menlo park, on the 23rd of june of the 25th of august. and the digital services act matter has to demonstrate measures to us all face have a sanctions, no word from the

alex davos was the chief security officer for now the until 2018 now leads the stanford internet observatory. he noted the individuals whose accounts of already been flagged and given unlimited access can still dive deep into a network of people who share their criminal and disturbing interests that a team of 3 academics with limited access could find such a huge network should settle for logs that matter, i hope the company re, invests in human investigators. the screenshot illustrates just how easily it works . the market commissioner says he wants an explanation for mark zuckerberg, who is the chair of nevada, the corporation that owns both instagram and facebook. he also wants to know what kind of action can be taken to shop these networks down. mathis, voluntary calls on child protection, seems not to work. markets who could back must now explain and take immediate action. i will discuss with him a mattress h q in menlo. park on 23rd of june of the 25th of august and of the digital services act. mazda has to demonstrate mattress to us all face have a sanctions. no word from the ceo. so

solve problems and achieve better and larger-scale development, just today at the so-called summer davosr a four-year break , the shadow is passing again . the present in the hall of the head of international banks and heads of government gives a chance to the whole global, unless, of course, the states do not interfere. we must ensure that geopolitical tensions do not lead to a situation where the world economy is divided, because this will lead to less growth and less prosperity world bank forecast that china's economy will grow by more than 5.5% does not take into account us anti-china sanctions and potential conflict , the taiwan strait, which the head of china is trying to avoid with all his might in a letter to the participants of the sino-american friendship forum , which opened on the shore of the strait in fujin, hay, writes. this is friendship. can stay strong as thousand-year-old cedars. well, new general epaulettes, today i also handed over to the highest officer si with the traditional one. in such cases, parting words to be ready for war alexander balsky nikolay petrov and

alex davos was the chief security officer for meta until 2018. now lead the stanford internet observatory. he noted the individuals whose accounts have already been flagged and given unlimited access can still dive deep into a network of people who share their criminal and disturbing interests that a team of 3 academics with limited access could find such a huge network should settle for alarms that matter, i hope that company re invested in human invest the ages the screenshot illustrates just how easily it works. the market commissioner says he wants an explanation for marks. dr. burke, who is the chair of meta, the corporation that owns both instagram and facebook. he also wants to know what kind of action can be taken to shut these networks down. matters voluntary code on child protection seems not to work. mach took it back, must now explain and take immediate action. i will discuss with him at medice headquarters in menlo park. on the 23rd of june, off to the 25th of august under the digital services ox, meta has to demonstrate measures to

alex davos was the chief security officer for matter until 2018. now lead the stanford internet observatory. he noted the individuals whose accounts of already been flagged and given unlimited access can still dive deep into a network of people who share their criminal and disturbing interests that a team of 3 academics with limited access could find such a huge network should settle for long does that matter? i hope the company re, invests in human investigators. the screenshot illustrates just how easily it works . the market commissioner says he wants an explanation from mark zuckerberg, who is the chair of nevada, the corporation that owns both instagram and facebook. he also wants to know what kind of action can be taken to shop these networks down the matter is voluntary code on child protection seems not to whack. mock took it back, must now explain and take immediate action. i will discuss with human meadows headquarters in menlo. park on the 23rd of june, off to the 25th of august under the digital services ox. meta has to demonstrate meas

petersburg international economic forum. which was called the russian davos, once 145 delegations fromferent countries came, now from now on the eu should enjoy delegations of only 15 , even the leaders of the post-soviet countries did not pay attention to this event. i am wrong, only the president of algeria is wrong, so putin had to speak solo for as long as one and a half hours, almost he spoke most of the time, he devoted most of his time to ukraine , of course he touched on nuclear weapons, there is a direct quote when i asked putin about the treaty on the reduction of nuclear weapons, he says the beginning of the quote and we have such a thing here too they know that there are more such weapons than ukraine and nato, and that is why they are pushing us to start negotiations on reducing horseradish, the end of the quote, and then putin says that nuclear weapons are almost the most important competitor, the most important thing competitiveness is such a feature of the russian federation in comparison with other countries, when nuclear weapons become the most important competitive f

to worsen on the eve of the world economic forum in davos, the organizers for the seed released the studythors of the report made a grim and categorical conclusion. that the next decade will be a time of environmental and social upheaval? globalization is a reflection of the fact that we are much better able to solve common problems if we are connected europe and russia together with nordstream can achieve more than without nordstream trade relations should be international. they would support both russia and the us in the future. the end of globalization is a project of us geopolitics, it is not an economic project, and there are differences . that is why globalization is perceived differently. that is, i know that the majority of the world is the majority of the people in the world. they want open economic systems in which there will be free trade and financial flows will come. along with technology flows from one side to the other to different countries, and this way tourism will build up, horizontal mobility of people will build up, and this is not about geopolitical problems and abou

to be the 1st cashless society in line with clouds across schwab and the world economic forum and davos and all that kind of stuff. you talk about black hawk. i mean, as we understand, zelinski has been doing like a fire, so just selling millions of acres of agricultural land, a new crime disease, a black rock is one of the main companies that there's a scooping up oldest land, but who knows what land will be left as we've said here, you know, a lot of my food and has said that one of the main red lines is nato putting mr. miles closer and closer to rochester. ready louis and he says, russian will continue to push those borders further away from its homeland for security issues. and so what is black, rob buying? it may not even have anything left. it will these billions being advanced as a who knows what's going to happen to will that agricultural that and i mean, i just want to ask you this. i mean, do you think, do you think ukraine will be able to maintain is suffering to you in the future? or is it already been sold off? i was going to say the premise of your question, whether or no

china gears up to host what's been called the summer davos size it looks to boost investments in theight recognise. hello and welcome to asia business report. i'm monica miller. prison a 23—year—old to life in prison without

alex davos was the chief security officer for now the until 2018 now leads the stanford internet observatory. he noted the individuals whose accounts have already been flagged and given unlimited access can still dive deep into a network of people who share their criminal and disturbing interests that a team of 3 academics with limited access could find such a huge network should set. so for alonza meta, i hope the company re invested in human investigators. the screenshot illustrates just how easily it works. the market commissioner says he wants an explanation for mark zuckerberg, who is the chair of meta, the corporation that owns both instagram and facebook. he also wants to know what kind of action can be taken to shop these networks down. met is voluntary code on child protection seems not to whack. mock took it back, must now explain and take immediate action. i will discuss with human meadows headquarters in menlo park. on the 23rd of june, off to the 25th of august on the digital services ox, meta has to demonstrate measures to us all face harvey sanctions. no word from the ceo. so

it was not possible after the start of hostilities in ukraine, of course already not called russian davosong other things, because the geography of participants has changed a lot following the geopolitical vector of russian national interests and now instead of western leaders and companies of the russian political business lit. in some places, practically from scratch, it builds relations with representatives of the countries of the middle east, china , indonesia and africa, the main declared topics. the form is also quite consistent with the spirit of the time de-dalarization. e-commerce islamic banking development in the arctic and internally. well, the symbol of this forum is quite could be the famous drawbridges on here, any st. petersburg taxi driver will explain to you how painful it can be to break the connection between the western and eastern shores. well, the forum is just the place where bridges, in this case economic and political , can be tried to reduce how difficult this matter is. now, when the economy is inseparable from politics, and politics ends where, uh, explosions

the summer davos convening in china.akistan making changes to its budget to appease imf concerns ahead of a june 30 deadline to revive its bailout program. that is your week ahead. haidi: these latest developments in russia are adding fresh geopolitical risks to global growth. let's discuss what that means for asian economies. our chief asia correspondent joins us. if nothing else the weekend tells us how these black swan events or grey swan events do add further complications to what is already a difficult growth environment for the region. >> good morning. that is true. it has already been a difficult growth environment. we have come off the reopening phase in of the fundamentals are kicking in which are the dislocations that have taken place due to covid. the hit that has taken place to households, or bricks and how that is affecting it plus the global economy have been raising rates everywhere that means the global economy is going to slow more. a difficult environment. the conflict between russia and ukraine has bee

of course, they no longer call it russian davos, including because geography participants has changedwing the geopolitical vector of russian national interests and now instead of western leaders and companies of the russian political business lit. in some places , almost from scratch, it builds relations with representatives of the countries of the middle east, china , indonesia and africa . well, the symbol of this form could well be the famous drawbridges on here, any st. petersburg taxi driver will explain to you how painful the gap can be connections between the west and east coast. well, the forum is just in the place where the bridges are. in this case, economic and political, you can try to reduce how difficult it is to do this now, when the economy is inseparable from politics, and politics ends where, uh, explosions begin to thunder, like those that disabled the northern streams, our partner klim understood sanatorium. it is understandable. why the st. petersburg economic forum takes 4 days to learn all the routes and memorize each stand in one day obviously will not work hel

, and she was there in davos and lived.natorium, the most ordinary sanatorium. the fact is that there are special clinics for these u sick leftists, because switzerland was considered, uh, the standard for the treatment of tuberculosis, but this place was chosen as the base for storage of passports documents of money, well, that is them you can’t understand, the swiss police and counterintelligence do not work, because no one is working against switzerland. switzerland is a neutral state, and in this very, in this very theory, not in zurich. and in geneva , almost all the intelligence stations of the world work, no one touches them, pulling out his wife from jail. lyutov quickly hoped that the worst was over. he was thinking about returning to russia when he suddenly received a new task to go underground and urgently go to berlin from there to italy, a special the interest of the center was caused by the data of the general staff of the italian dictator, trying to get to them, decided with the help of his wife, the incredib

is bcg regional chair for asia-pacific, and he has been talking a lot about ai here at the summer davosworld economic forum. thank you for joining us. what have been the main points you have been bringing up? annabelle just ran through some of the bullish calls on ai. we have seen the blistering enthusiasm in stock prices the first half of the year. >> there has been a lot of injury about ai across all your clients. across pretty much everybody i meet. i say three things to people. people ask me is it powerful? absolutely. is it intelligent? i say that is a moot point. that is not really relevant. stephen: it is an amalgamation of human data we have collected. >> exactly. is it risky? yes, it is. what does that mean? it means we need to embrace potential. the people often are hugely critical. stephen: that is a good segue into the bcg research. i will not get into the weeds of the numbers, but generally, what does the research tell you? as we know more about it, are we as a people more confident or concerned, and should we be more confident or concerned? >> we recently interviewed execu

addressing the so—called summer davos conference he said the concept of de—risking was a false propositionration. the united states and the european union have been trying to reduce the reliance on what is the second largest economy in the world. mark williams is chief asia economist at capital economics and told me why these comments were made. . . told me why these comments were made. ., ., _, , ., , made. there are a couple of things. the chinese — made. there are a couple of things. the chinese economy _ made. there are a couple of things. the chinese economy is _ made. there are a couple of things. the chinese economy is not - the chinese economy is not performing well right now so the government would like to reassure businesses particularly foreign businesses particularly foreign businesses and give them the message that now is the time to invest. business confidence in china has been dented over the past couple of years and they have been a number of planes cracking down on private businesses so this is a message that foreign businesses do need to hear. that's the short term concer