george magnus from oxford university, is china center tells me companies are looking outside of china. it's, it's prudent for companies to be able to, to now kind of look at other countries in asia and beyond for changing the supply chain sort of taking decades to, to build up. it won't happen quickly, but i'm pretty sure it is starting to happen. now that was george magnus from oxford university and what's on the horizon for the world's 2nd largest economy abuse topic of the week. that's on youtube, dot com slash dw news. and a reminder of the top business stories were following for you this hour. even more twitter employees have left the social media company that's shortly after new boss you on mosque gave them the choice between an extremely hard core work environment or leaving hundreds of workers express their intention to resign by muskets deadline of thursday evening. beijing says a leaked paper on germany's new china strategy is a throwback to cold war. times the report a draft shows that berlin wants to take a new economic approach with china that focuses on curbing human rig

we get more with george magnus shortly.s is bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) manus: this is "bloomberg daybreak: europe." i am manus cranny in dubai with dani burger in london. dani: fed officials including richmond president tom barkin again say they need to hike further to break inflation, even if at a slower pace. >> very supportive of a path that is slower, probably longer, and potentially higher than where we were. dani: stocks and futures climbed, led by a rebound in china nationwide unrest over covid curbs ease amid heavy police presence. the dollar declines. musk

communist party are currently driving china's economy into the wall. warns british economists george magnus, the coolant. joiner of course, is that the communist party is very rigid in its view and very controlling in its attitude to everything from industry to the economy. society and everything you can think of. so the problem if i want to cover encapsulated really, is that china's development model, in which the legitimacy of the communist party is braced at home. and also to some degree in the big white world. that development model is no longer fit for us, although many companies are still earning a lot of money. experts predict that china is losing its luster as a valuable partner in the global market for companies to be able to, to now kind of look at other countries in asia and beyond. for changing the supply chain sort of taking decades to, to build up. it won't happen quickly, but i'm pretty sure it is starting to happen now. it's not just the impact of the locked downs. there are other problems of china's own making. the real estate market, which makes up 30 percent of china's ec

george magnus is an economist and author of "red flags: why xi's china is injeopardy."s for being with us. the protests against covid restrictions, is that another red flag that could be a huge headache for xi? flag that could be a huge headache forxi? it flag that could be a huge headache for xi? . . , , ~ for xi? it certainly is. i think everyone — for xi? it certainly is. i think everyone understands - for xi? it certainly is. i think everyone understands he i for xi? it certainly is. i think. everyone understands he does for xi? it certainly is. i think- everyone understands he does not tolerate dissent. he is very much a believer in centralising his own control, a come as a bit of ai think. particularly after the 20th century congress where he was proud to be president for life. the reality is. — to be president for life. the reality is. as _ to be president for life. the reality is, as he _ to be president for life. the reality is, as he has - to be president for life. the reality is, as he has done with hong kong, he'lljust send the tanks and, multi? kong, he'll