cooperation has been improving for the benefit of both sides the european chamber says this should serve as a model for other sectors head of the european chamber of commerce in china as he was involved in putting together that position paper the chinese just read about the coronavirus being reimported and rightly so. mean they have been beating the grown up buyer is we have no single case and a couple of weeks of the only so-called imported and they're very strict about carrying time so in a way i mean there and this dilemma where are they going to keep the country shut or are they going to open it up so it's coronavirus is that important or is the economy more important well it was only a few days ago that the president president xi again promised a more open market in general you paint a very different picture in your paper what what are we meant to believe when i mean we had many promises of we had baby steps in the opening up of what we really need is that deal is something that science it delivered something that is committing china i mean i'm talking about the investment agreement which will be discussed on monday between i'm going to america lend x

cooperation has been improving for the benefit of both sides the european chamber says this should serve as a model for other sectors head of the european chamber of commerce in china as he was involved in putting together that position paper the chinese just read about the coronavirus being reimported and rightly so. well i mean they have been beating the grown up buyer is we have no single case and a couple of weeks of the only so-called imported and they are very strict about carrying time so in a way i mean they're and this dilemma or are they going to keep the country shut or are they going to open it up so is coronavirus is that important or is the economy a more important well it was only a few days ago that the president president xi again promised a more open market in general you paint a very different picture in your paper what what are we meant to believe when i mean we had many promises of we had baby steps and the opening up of what we really need is a deal something that science it delivered something that is committing china i mean i'm talking about the investment agreement which will be discussed on monday between i'm going to america lend

cooperation has been improving for the benefit of both sides the european chamber says this should serve as a model for other sectors head of the european chamber of commercein china as he was involved in putting together that position paper the chinese just read about the coronavirus being reimported and rightly so. well i mean they have been beating the grown up buyer is we have no single case and a couple of weeks of the only so-called imported and they are very strict about carrying time so in a way i mean they're on this dilemma or are they going to keep the country shut or are they going to open it up so is coronavirus is that important or is the economy more important well it was only a few days ago that the president president xi again promised a more open market in general you paint a very different picture in in your paper what what are we meant to believe when i mean we had many promises of we had baby steps in the opening up of what we really need is that deal is something that science it deliberate is something that is committing china i mean i'm talking about the investment agreement which will be discussed on monday between i'm going to amer

of the lead it's good to have you with us a new survey suggests chinese officials are using the pandemic to up the pressure on european firms their companies telling the european union chamber of commerce in china the beijing is frequently refusing to grant managers and workers entry the findings come just days after president paying promised the business community to continue to open the economy to the world. in late may several 100 german executives and their families who had been forced to leave china due to the pandemic were granted special permission to return to their work places there but it was anything but a sign of getting back to normal. many european companies in china are still waiting for their employees to return but chinese authorities are refusing to let them in again. in a survey by the european chamber of commerce in china at the end of july 13rd of the company said that none of their foreign employees had been allowed to return around one in 5 companies stated that only some of their ex-pats had been able to come back and only 17 percent said all employees had been permitted to return to china. the european chamber sees this as a further sign of tightening restricti

of getting back to normal. many european companies in china are still waiting for their employees to return but chinese authorities are refusing to let them in again. in a survey by the european chamber of commerce in china at the end of july 13rd of the company said that none of their foreign employees had been allowed to return around one in 5 companies stated that only some of their ex-pats had been able to come back and only 17 percent said all employees had been permitted to return to china. the european chamber sees this as a further sign of tightening restrictions against european companies. almost half of those questioned said the pressure came mainly from the chinese government 44 percent said the total of chinese media had become more strident and more than a quarter also it had negative experiences with the communist party. while europe's borders are largely open to chinese investors the hurdles for entering the chinese market are getting higher and higher those who manage to do so are often hindered by unfair business conditions in the country one big exception is the auto industry this is where cooperation has been improving for the benefit of both sides the european chamber says th

for the benefit of both sides the european chamber says this should serve as a model for other sectors. earlier we spoke to your vote he's head of the european union chamber of commerce in china and we asked him whether the continent was any closer to an investment deal with china. well i mean we had many promises of we had baby steps in the opening up and what we read in eat is that deal is something that science see it deliberate something that is committing china i mean i'm talking about the investment agreement which will be discussed on monday between now going to america the end xi jinping in this china summit so the way yes we heard many words of opening up we call it sometimes problems for peak because they didn't read it translated into actions right now to some of the other business stories making news. e.c.v. head christine lagarde gave stock markets and the euro boost and she forecasts the euro zone's coronavirus downturn will be less severe than feared the eurozone economy is likely to shrink by 8 percent this year euro is riding high to single currency hit $1.19 against the greenback. french luxury goods conglomerate l v m h said that it would fall its

for the benefit of both sides the european chamber says this should serve as a model for other sectors. earlier we spoke to your vote he's head of the european union chamber of commerce in china and we asked him whether the continent was any closer to an investment deal with china. well i mean we had many promises of we had baby steps and opening up what we really need is that deal is something that science it delivered something that is committing china i mean i'm talking about the investment agreement which will be discussed on monday between now i'm going to madeleine xi jinping in this china summit so the way yes we heard many words of opening up we call it sometimes problems for peak because they didn't really translate into actions right now to solve the other business stories making news. e.c.b. had christine legarde gave stock markets and the euro boost and she forecast the euro zone's coronavirus downturn will be less severe than feared the eurozone economy is likely to shrink by 8 percent this year euro is riding high to single currency hit $1.19 against the greenback. french luxury goods conglomerate l v m h said that it would fall its own court case again

plays by the rules of multilateralism that's another term that came up today last week the european chamber of commerce in china published annual report in which they point out hundreds and hundreds of cases where european companies feel at a disadvantage in china at a very systematic disadvantage and that is why this investment rate it's being discussed is so important but it's also important to make it a good deal and not just any there have been calls to boycott disney because of its latest film move on the film was shot on location in the same area of china where the muslim minority we girls are said to be held in internment camps and now we have the european union suggesting that china should allow it to send in independent investigators to see what is indeed happening at those camps do you think that's going to happen or do you think it's wishful thinking on the part of europe. i don't think this wishful thinking on the part of europe it's a reasonable request for european diplomats to make to actually allow european diplomats to go to and look at it and it will be important that they look at it

plays by the rules of multilateralism that's another term that came up today last week the european chamber of commerce in china published annual reports in bitch they point out hundreds and hundreds of cases where european companies feel that it is advantage in china to very systematic disadvantage and that is why this investment rate is being discussed is so important but it's also important to make it a good deal and not just any there have been calls to boycott disney because of its latest film law and the film was shot on location in the same area of china where the muslim minority we girls are said to be held in internment camps and now we have the european union suggesting that china should allow it to send in independent investigators to see what is indeed happening at those camps do you think that's going to happen or do you think it's wishful thinking on the part of europe. i don't think this wishful thinking on the part of europe it's a reasonable request for european diplomats to make to actually allow european diplomats to go to and look at it and it will be important that they look at it

plays by the rules of multilateralism that's another term that came up today last week the european chamber of commerce in china published annual reports in bitch they point out hundreds and hundreds of cases where european companies feel that it is advantage in china to very systematic disadvantage and that is why this investment rate is being discussed is so important but it's also important to make it a good deal and not just any there have been calls to boycott disney because of its latest film moves on the film was shot on location in the same area of china where the muslim minority we girls are said to be held in internment camps now we have the european union suggesting that china should allow it to send in independent investigators to see what is indeed happening at those camps do you think that's going to happen or do you think it's wishful thinking on the part of europe. i don't think there's wishful thinking on the part of europe it's a reasonable request for european diplomats to make to actually allow european diplomats to go to and look at it and it will be important that they look at it

plays by the rules of multilateralism that's another term that came up today last week the european chamber of commerce in china published their annual report in which they point out hundreds and hundreds of cases where european companies feel at a disadvantage in china at a very systematic disadvantage and that is why this investment rate as being discussed is so important but it's also important to make it a good deal and not just and there have been calls to boycott disney because of its latest film law and the film was shot on location in the same area of china where the muslim minority we girls are said to be held in internment camps and now we have the european union suggesting that china should allow it to send in independent investigators to see what is indeed happening at those camps do you think that's going to happen or do you think it's wishful thinking on the part of europe. i don't think this wishful thinking on the part of europe it's a reasonable request for european diplomats to make to actually allow european diplomats to go to and look at it and it will be important that they look at

cross border trade he spoke to the director of the town's chamber of commerce further explained how the deal will affect that region the european union was absolutely astounded at the sudden revelation from the british side if they said that they were prepared even in theory to break international law to undermine that there with the current withdrawal agreement that boris johnson signed up to and so the e.u. has put the u.k. on notice that if by the end of this month in just 8 days time the u.k. doesn't withdraw that threats then the e.u. will effectively sue them through through the european courts and the other deadline of course they do is a apart from this is the october a huge summits at which point both sides say that needs to be a deal but it's looking vanishingly less likely that that will happen and of course they are the people who are right at the front line of the sharp end of all these are the businesses and people and towns right on the ball at the irish border between the north and the self because they had all thought that they would all agreement pushed the trade border into the irish sea and that therefore th

cross border trade he spoke to the director of the town's chamber of commerce to further explained how the deal will affect that region. the european union was absolutely astounded at the sudden revelation from the british side if they said that they were prepared even in theory to break international law to undermine the with the current withdrawal agreement that boris johnson signed up to and so the e.u. has put the u.k. on notice that if by the end of this month in just 8 days time the u.k. doesn't withdraw that threats then the e.u. will effectively sue them through through the european courts and the other deadline of course they do as a part from this is the october a use summits at which point both sides say that needs to be a deal but it's looking vanishingly less likely that that will happen and of course they are the people who are right at the front line of the sharp end of all this of the businesses and people and towns right on the ball at the irish border between the north and the south because they had all thought that they would all agreement pushed the trade border into the irish sea and that therefore there would

cross border trade he spoke to the director of the town's chamber of commerce and further explained how the deal will affect the region. the european union was absolutely astounded at the sudden revelation from the british side of a said that they were prepared even in theory to break international law to undermine that there with the current withdrawal agreement that boris johnson it signed up to and so the e.u. has put the u.k. on notice that if by the end of this month in just 8 days time the u.k. doesn't withdraw that threats then the e.u. will effectively sue them through through the european courts and the other deadline of course they do as a part from this is the october summit at which point both sides say that needs to be a deal but it's looking vanishingly less likely that that will happen and of course the that the people who are right at the front line of the sharp end of all this are the businesses and people in towns right on the ball at the irish border between the north in the south because they had all thought that they would all agreement pushed the trade border into the irish sea and that therefore there would b

european equity markets making gains after yesterday's selling. we are looking at a live webcast between the british chambers of commerce, the governor of the bank ofe bank of england is returning inflation to go. how much that suggests the bank of england is willing to let inflation run hot. nice problem that would be right now, but i wonder if that is the message he is trying to communicate. he's been going through the highs and lows of the economy. investment is weak, housing is moment.t the let's get to laura cooper, our mliv macro strategist who has been looking at the details. the pound, already weaker on some of the latest word from home news, down .6%, 127.39. i think what we are seeing from governor bailey is a replication of the messaging he has come out with before. he's basically saying yes, the u.k. has seen a quicker than expected recovery but fairly uneven under the surface. in kobe cases is presenting downside risks to the are assertinghey act.are ready to they have to look at negative rates extensively, but at this stage, it is too soon for them to embark on on to mention a policy. i think markets are taking the and what istride co