academics for a while and then he went on to hold positions in the economic ministries, ministry of finance, ministry of commercee reserve bank of india, he headed just about every important position. he entered politics in 1991 when he was made finance minister and as your correspondent told you he is often deemed to be the architect of india's economic liberalisation programme. let's focus on that _ liberalisation programme. let's focus on that because - liberalisation programme. let's focus on that because there - focus on that because there were numerous achievements in his career but it was really the economy he was remembered for. what did he do to india? you must remember he was part of the indian establishment and also part of the un, he headed the south commission. ideological he espoused left of centre views, while he was with the un as well. 1991 after the fall of the berlin wall and the disintegration of the erstwhile soviet union, what we saw was india's economic policy regime shifting distinctly right and that was when he was finance minister, dismantled the licence regime, devalued the currency, o

these can be all mean the ministry of commerce will work with local authorities and relevant departments to close the moment to a foreign trade operations on the life changing conditions and show the implementation of foreign trade related policies and helping foreign trade enterprises keep order stable and expand market is so as to provide strong support for sustained economic recovery and growth or the show feats from 2nd to i'm comes as china as struggling to kick start it's flagging economy. a trillion dollar plan is in place to help p, a local government debt. and 6, an ongoing property market crisis, but economists expect chinese expose to rise with customers rushing to place orders ahead of trump taking charge to avoid possible higher tatters explodes have already grown since july put in china on track for record freight surplus this year. i'm a consumption of these. i'll just see the for counting, the cost are trying to spend the top x, bolts up to the us for 2 decades. but mexico over took it in 2023. the value of chinese inputs to the us tumble of 20 percent to 427000000000 dol

i mean, do i economist as the secretary of the indian ministry of commerce and industry are very welcome to the program. so um, i want to ask you, i mean obviously we know that there was some joint projects between moscow. a new tele to key in the defense sector. i know the production of rifles for example, but it's ross is looking to invest, move on to set up some manufacturing hubs. what does that look like? how will that boost relations between the 2 positive about the potential? oh, wow. all right. should be able to assist and do that and push it and daughter it's monitored, never know manufactured from the 15 to 16 percent, which we had for a long time. but we started reading that, that phone or should know that you to be on a bridge explanation to take it to at least a quarter from 15 to 25 percent. you'd be to go in and if team to 60, at all time. so any head in doc would be most welcome and i'm calling a highly desirable goal because the manufacturing comes in government, which is a major issue. and then i'm interested not really in strictly manufacturing, but pulling a lot of ba

the country's ministry of commerce says the investigation will end within eight months but could be extendedrsons, one of corporate america's most prominent black executives who helped time warner and citigroup died on thursday. he worked as a lawyer for nelson rockefeller and gerald ford's white house. parsons was 76 years old. that is your bloomberg brief. annmarie: up next on the program, hurdles for the trump agenda. ♪ ♪ to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh

because old habits, wow, old habits die hopped stuff for the secretary of the indian commerce and industry. ministry has a to us as if trauma carried through with his power of threats that he would, should his own economy in the foot to the is it by the us as much if you do the such a higher order both because today us has a large import time is going to take a wide range while the us production manufacturing, which has diversified some insight in a certain degree, highly rates. they are highly new, predictable extent of truck drivers will try our board. so long side that you put in the us as much as the countries who are re told that there will be a 100 percent due to you about them in case to move it gets going to be developed to kind of unseat. so yeah, there are a broader view probably the president is a director to wait for me to add but flower or be i think it could be are definitely better. so now still with all its international for all the latest from around the world. how see you again that's above the out by now the the is the launch of the special military operations mold. in $13000.00 f

and the, the industry is just one of several chinese sectors facing protectionist measures. who only did you last week, the commerce ministry said it was concerned about a series of trade investigations targeting china and one that would follow up to protect the rights and interest of its businesses. how it handles us, president elect donald trump, and a possible trade war is another matter. unless predicted beijing could respond with aggressive counts and measures is here for days before the us selection and find a warning shot, sanctioning sky idea us of the biggest, a drone manufacturer and 7 access to a central battery supplies the message. we'll go down, swinging an economist, one, any tire of the trump administration imposes will carry consequences for americans . china is the main for lies as most of the consumer goods and industrial inputs. so there is a limit on how far those tariffs can go. and overtime, when people view the, the pressure from inflation, there will be a political response even in the us. the china appears to be gaining ground in another high tech industry. last month, the smartphone make a huawei

and the, the industry is just one of several chinese sectors facing protectionist measures. proven when did you last week, the commerce ministry said it was concerned about a series of trade investigations targeting china and one that would follow up to protect the rights and interest of its businesses. how it handles us present to elect donald trump and a possible trade war is another matter. unless predicted beijing could respond with aggressive counts, images is here for days before the us selection and find a warning shot, sanctioning sky the us as big as the drone manufacturer and 7, access to a central battery supplies the message. we'll go down, swinging an economist, one, any tire of the trump administration imposes will carry consequences for americans . china is the main provider for most of the consumer goods and industrial inputs. so there is a limit on how far those terms can go. and over time, when people few, the pressure from inflation, there will be a political response. even in the us, china appears to be gaining ground and another high tech industry. last month, the smartphone make a huawei launched, it's ma

china is banning exports of rare minerals used in defense products to the united states, the chinese commerce ministryg the export of galium, germanium and other materials with potential military applications, this comes after the u.s. issued restrictions of exports of certain semiconductor chips to china. there is some fears u.s., china trade relations could impact the healthcare sector. u.s. imports of chinese pharmaceuticals have surged since the covid pandemic. joining me is indiana congresswoman victoria sparks, member of the house judiciary and study committees. congresswoman, it's good to see you. thank you for being here. i know you were making healthcare one of your main focuses in the new congress. that's why we wanted to start with healthcare with you, congresswoman. because i'm pretty outraged by the fact we still have supply chains that we are relying on china to send us the underlying components of our prescription drugs. did i hear right? is that the facts? we're still relying on communist china, our number one adversary, to send us underlying components of our prescription drugs. >> we

and the, the industry is just one of several chinese sectors facing protectionist measures. proven when you last week. the commerce ministry said it was concerned about a series of trade investigations targeting china and one that would follow up to protect the rights and interest of its businesses. how it handles us, president elect, donald trump, and a possible trade war is another matter. unless predicts beijing could respond with aggressive counts and measures is here for days before the us selection and find a warning shot, sanctioning sky idea us as big as the drone manufacturer and 7 access to a central battery supplies the message. we'll go down swinging on the economist, one m e tire of the trump administration imposes will carry consequences for americans. china is the main for lies for most of the consumer goods and industrial inputs. so there is a limit on how far those tariffs can go. and overtime, when people view the, the pressure from inflation, there will be a political response even in the us. china appears to be gaining ground in another high tech industry. last month, the smartphone make a huawei launch

of supply. the investigation will be handed over to the new administration for completion when trump takes office. the commerce ministryalled the investigation quote protectionist. >>> let's move on. china will have $400 million of treasury bonds next year. it would mark the highest bond issuance on record as they look to boost the stalling economy. they are expected to retaliate on the u.s. tariffs when trump takes power next year. >>> the south korean opposition party is launching an investigation over the impeachment bid into president yoon's failed bid to impose martial law. got it? the bill could be debated as soon as thursday according to local media. prime minister took over from president yoon after he was impeached earlier this month. >>> let's go back to france. new prime minister michel barnier has picked eric lombard as his finance minister. he has been tasked with the tax and spending plan for 2025 to be approved by the hung parliament. he is looking to reduce the french deficit by the end of next year. it is ambitious. the goal set by his predecessor michel barnier who was removed by a vote of no confiden

equity session, we are actually seeing chip stocks across europe and most of asia moving higher today after the chinese commerce ministry announced curbs on the chip exports to china. the chip maker asml says the decision would not impact their financial guidance that has actually propelled the stock this morning however, the move hit chinese semiconductor names during the asian session with the new trade curbs likely to hit the ability to develop new technology. let's see how this will continue to develop, frank, but no doubt, also important developments here when you think about the outlook for some of the chip names. >> also the political developments and we have to keep an eye on france and the cac silvia amaro, thank you very much. >>> time for the check of the top stories that includes new concerns ahead of the final fed decision in 2024 silvana henao is here with that and more silvana, good morning. >> good morning, frank christopher waller is still leaning in favor of another interest rate cut later this month. cautions of possible inflation trouble ahead. listen in. >> recent data have raised the possibility th

. >>> the chinese commerce ministry announced its own export controls on a variety of chip related materials aluminum set to come in effect today. >>> tesla shares are lower in pre-market after the ev maker lost its second attempt to push through the $56 billion pay package for ceo elon musk despite shareholders backing the deal the court struck down the package for a second time with the judge ruling that the board had no procedural grounds for overturning the previous decision tesla has vowed to appeal the decision with musk calling the ruling absolute corruption on x. >>> and stellantis searches for a north american regulations and is looking for a new ceo according to reuters which says the board is considering external candidates. two have been appointed to the committee charged with finding a new ceo. to discuss the auto sector, i'm pleased to say tom at rbc capital markets is joining us today. good morning, good to have you on the show first, i would like to get your thoughts on stellantis explain how you were reading the announcement this week and how important is it? are you forecas

got the headlines we also heard from china's commerce ministry saying they're willing to strengthen dialogue to manage difference. they're trying to get ahead of trump 2.0. one thing we have yet to hear is whether xi jinping has any plans to make his way to the united states. lisa: we will talk about that, whether he will also donate $1 million to the inauguration plans. let's get you an update on stories elsewhere. yahaira: french president emmanuel macron is expected to name a new prime minister. the replacement will look to form a new government and restart formal budget talks. emmanuel macron faces a deeply divided national assembly which ousted michel barnier last week. parties across the political spectrum have agreed to vote in favor of a special law to avoid a government shutdown. staying on china, cbs is reporting donald trump invited chinese president xi jinping to attend his inauguration next month. xi's attendance would be unprecedented for several reasons. no chinese leader has ever joint inauguration ceremony of a u.s. president. in fact no foreign head of state has attended one in more than a century according to state departmen