all right, nick marsh, we will leave it. alluding to. all right, nick. ou for those imports. more of nick marsh's inputs are there in that article he has written stop there it is on your screen. written stop there it is on yourscreen. it written stop there it is on your screen. it is called what china's economic problems mean for the rest of the world. you can log onto the bbc news website for a read. let's turn to united states with the economy grew at a solid piece in the last quarter. gross domestic product increased as an unrevised 2.1% analysed rate. it appears to have accelerated in the present quarter. there was largest economy is facing some headwinds, including an ongoing strike by auto workers as well as a looming government shutdown. well, the deadline to avert that government shutdown is just around the corner and a small fraction of hard right republicans in the house of representatives is calling for deeper spending cuts and other concessions before they approve spending levels for the next fiscal year. spending levels for the next fiscalyea

nick marsh _ decide. nick, thanks very much. nick marsh in — decide. nick, thanks very much.ropean union's share of renewable energy sources to a2.5% by 2030. that's a big hike from the previous target of 30%. it's all part of charting a path to net zero, by 2050, 20 years later. but the stepping stone's an ambitious target, even with concessions to france and some eastern european countries allowing greater recognition for nuclear power. live now to janet mui, who's head of market analysis at rbc brewin dolphin. let's start with that figure. from 30 to 42.5%. and they have to do this in the next seven years. how challenge will that be —— how challenging will that be? it be -- how challenging will that be? , ., ., ., be? it is good to have a goal, to have a _ be? it is good to have a goal, to have a yardstick _ be? it is good to have a goal, to have a yardstick to - be? it is good to have a goal, to have a yardstick to aim - be? it is good to have a goal, to have a yardstick to aim at. | to have a yardstick to aim at. personally i think the it is very costly to adopt renewabl

and summarise the latest viewpoints out there, let's bring in our asia business correspondent, nick marshck, good to have you back on the programme, that is really the programme, that is really the question.— the question. you've written extensively _ the question. you've written extensively about _ the question. you've written extensively about it - the question. you've written extensively about it on - the question. you've written extensively about it on the l the question. you've written i extensively about it on the bbc news website, take us through what this really means out the global impact. what this really means out the global impact-— global impact. when i was writin: global impact. when i was writing this _ global impact. when i was writing this piece, - global impact. when i was writing this piece, i - global impact. when i was writing this piece, i was i writing this piece, i was interested in that saying, you know, when the us sneezes, the rest of the world catches the cold. to what extent does that apply in china, second largest economy, 1.4 billion people, ultimately it re

i'm nick marsh in — in the rest of asia. i'm nick marsh in singapore, - in the rest of asia.re normally, _ marsh in singapore, where normally, this _ marsh in singapore, where normally, this area - marsh in singapore, where normally, this area would. marsh in singapore, where i normally, this area would be bustling _ normally, this area would be bustling with _ normally, this area would be bustling with chinese - normally, this area would be i bustling with chinese tourists. but they— bustling with chinese tourists. but they aren't _ bustling with chinese tourists. but they aren't really - but they aren't really travelling _ but they aren't really travelling or- but they aren't reallyl travelling or spending but they aren't really i travelling or spending at but they aren't really - travelling or spending at the moment— travelling or spending at the moment - _ travelling or spending at the moment — not _ travelling or spending at the moment — not because - travelling or spending at the moment — not because of. travelling or spending at the . moment — not because of high price

nick marsh reported.at tourism in asia and the hotspot of thailand, where the new government is eager to revive its tourism industry to try to help boost the economy. the land of smiles as it is called has been welcoming back many visitors from the region, except those from china. but last week thailand decided to change that by waving tourist visa requirements for arrivals from china for the next few months at least. earlier on that i spoke to hannah pearson, who told me she wasn't sure that such measures would be enough to convince chinese tourists to return.— tourists to return. chinese market is _ tourists to return. chinese market is very _ tourists to return. chinese market is very important l tourists to return. chinese i market is very important for thailand. in 2019, chinese international arrivals accounted for almost 30% of total arrivals to thailand. right now it is up 12%. so to get that market back is really important. will the visa waiver scheme do that?— scheme do that? with the flan um: sc

because troubles keep piling up for property giant evergrande. 0ur asia business correspondent nick marsh more bad news forever grant, even though they are shares are practically worthless at the moment, they have still managed to lose over 25% of their value just this week. on monday, a very complicated debt restructuring plan collapse after every grand revealed that after every grand revealed that a regulatory probe, the real estate group. and now they've confirmed that would they've defaulted on more than half $1,000,000,000 worth of money which is owed to their overseas creditors, plus we are hearing reports in china, unconfirmed by the bbc, that several former and current executives including the former chief executive have been detained by the chinese authorities. this has all the hallmarks of a slow, managed decline of a company, let's not forget, that owes more than $300,000,000,000, much of which is owed to people in china still waiting for their unfinished homes to be built. but it's this overseas debt which is putting their survivor down these forward creditors have managed to

that further and summarise the latest viewpoints, let's bring in our asia business correspondence, nick marsho see you once again. those are some of the aspects you have tried to decode in the article you have written for the bbc news website and give us a sense of why it is important for the world to watch the developments in china. i watch the developments in china. ~ ., �* , china. i think that's the fundamental _ china. i think that's the fundamental question | china. i think that's the | fundamental question in china. i think that's the - fundamental question in and of itself. when i was researching this piece i was thinking quite a lot about the saying when the united states seizes, the rest of the world catches a cold of sneezes. and i'll try to figure out what extent the rest of the will have to pay attention when china faces all of these different kinds of economic problems and ultimately, the ramifications are not quite as strong as if the united states went into recession but you're talking about the world's second biggest economy with 1.4 billion people and when you calculate glob

our asia business correspondent nick marsh caught up with anindya bakrie, chief executive of bakrie and to singapore. ja ka rta jakarta alone has about 10,000 buses, which is quite a lot of number, especially compared to other cities in the world, including for example london. but for us, to start with the first batch of buses, about 52 of them, has already made a significant impact. but we want to go from 52 buses to, later on, 10,000 buses. and jakarta is very committed to making it happen by 2035, so we are very much supportive. and not only do we want to provide these buses, but we want to make these buses in indonesia. 50 these buses in indonesia. so tell me, _ these buses in indonesia. so tell me, what makes indonesia such an attractive place then to make electric vehicles? 50 to make electric vehicles? so we like to _ to make electric vehicles? sr we like to say to make electric vehicles? 5r we like to say that below the ground, we have the critical minerals, whether that's nickel, cobalt, copper, zinc, epoxide — but above the ground, we have this renewable energy potential, arou

chinese developers in a sector that's facing a serious crisis. 0ur asia business correspondent nick marshs for evergrande. even though their shares are practically worthless at the moment, they've still managed to lose more than 25% of their value just this week. on monday, a very complicated debt restructuring plan collapsed after evergrande revealed that a regulatory probe was under way into its main domestic unit, hengda real estate group. and now they've confirmed that they've defaulted on more than $0.5 billion worth of money which is owed to their overseas creditors. plus, we're hearing reports in china, unconfirmed by the bbc, that several former and current executives, including the former chief executive, have been detained by the chinese authorities. now, this has all the hallmarks of a slow managed decline of a company that, let's not forget, owes more than $300 billion, most of which is owed to people in china still waiting for their unfinished homes to be built. but it's this overseas debt which is putting their survival in doubt. these foreign creditors have managed to force

our asia business correspondent, nick marsh, caught up with the chief executive of bakrie and brothers electrify jakarta's public bus system injakarta alone, it has about 10,000 buses, which is quite a lot of number, especially compared to a lot of other cities in the world, including, for example, london. but for us to start with, the first batch of buses, about 52 of them, it has already make a significant impact. but we want to go from 52 buses to later on, 10,000 buses. and jakarta is very committed to making it happen by 2035. so we are very much supportive. and not only we want to provide these buses, but we want to make these buses in indonesia. so tell me, what makes indonesia such an attractive place then to make electric vehicles? so we like to say that below the ground, we have the critical minerals, whether that's nickel, that's cobalt, copper, zinc, bauxite. but above the ground, we have this renewable energy potential, about 500 gigawatt of that. it can be also tidal, solar, wind, hydro. so all of them can come into play to process the critical minerals. so you can imagin

our asia business correspondent, nick marsh, caught up with the chief executive of bakrie and brothersarta's public bus system. injakarta alone, it has about 10,000 buses, which is quite a lot of number, especially compared to a lot of other cities in the world, including, for example, london. but for us to start with, the first batch of buses, about 52 of them, it has already make a significant impact. but we want to go from 52 buses to later on, 10,000 buses. and jakarta is very committed to making it happen by 2035. so we are very much supportive. and not only we want to provide these buses, but we want to make these buses in indonesia. so tell me, what makes indonesia such an attractive place then to make electric vehicles? so we like to say that below the ground, we have the critical minerals, whether that's nickel, that's cobalt, copper, zinc, bauxite. but above the ground, we have this renewable energy potential, about 500 gigawatt of that. it can be in anything from geothermal. it can be also tidal, solar, wind, hydro. so all of them can come into play to process the critical m

i am nick marsh in singapore were normally this area would be bustling with chinese tourists but theypending at the moment. not because of high prices but because of low confidence in the economy. while other central banks are rising the interest rates, the people's bank of china is lowering them. they are trying to lift the gloom around the economy. typically chinese consumers buy property as a way of investing their money but the market is in disarray at the moment and it is making them nervous, but don't expect anything too drastic from the chinese communist party. so far, their mantra has been "everything is under control, nothing to see here" but the roots of china's economic problems run deep and it is not going to be solved with a quick fix. and that is the view from around the world. what if i told you that changing the shape of an aeroplane could cut its carbon emissions in half? a company called jet zero is promising just that and we met with the boss at the headquarters in california. wu the advent of composites aircraft is the thing. it is a great enabler of this particula

our asia business correspondent nick marsh reports.ports of police surveillance, of detention, but we do know that evergrande shares have been suspended. like you say, they are practically worthless anyway, but it does give you a good indication of the situation that evergrande finds itself in. it's not even the first time that shares have been suspended. there was an 18 month ban on trading, that was only lifted about one month ago. but did not last long. there was no reason given by evergrande, but in any case, they are in a very bad situation. they are china's most heavily indebted property developer, they have several billion in liabilities, most odes are ordinary chinese land buyers, but their creditors abroad could be the sticking point. there is a winding up sticking point. there is a winding up hearing in hong kong at the end of month, if there is no payment plan, there is a threat. to the us now — where strikes against america's �*big three' carmakers — general motors, ford and stellantis — could be expanded on friday if there

0ur asia business correspondent, nick marsh, went to a car dealership in singapore and sent this reportde, a third of all electric vehicles will be made by chinese manufacturers. now, this is a byd. they have just become the biggest ev makers in the world. and it's that kind of thing that's got european governments on edge. and it's also got striking american workers worried. the question, though, is, should they be? unlike in the us, china's ev industry is a real mixed field. so you've got the traditional heavyweights, you've got the new kids on the block, you've got all the companies in between. these guys here, for example, have been around about 20 years and at the beginning there were some pretty generous if shortlived government subsidies, a healthy business environment and a really car hungry middle class that wanted to buy evs. that all combined to make a real ev start—up culture and all that competition has helped to drive new technology, and it's also helped to push the prices down. it stimulates more innovation, faster innovation, as well as a continuous cost optimization. it

that several top current and former executives had also been detained. 0ur asia business reporter nick marshhose reports of police surveillance shares in evergrande have been suspended, like you say. their shares are practically worthless enemy but it gives you an idea of the situation that everyone finds itself in. it is not even the first time shares have been suspended. it was an 18 month ban in trading lifted about a month ago. that didn't last long. there was no reason given by evergrande, but in any case they are in a very bad situation, they are china's is heavily indebted property developer. they have about $300 billion worth of liabilities, most of which is actually out to ordinary chinese home—buyers, but it is they are creditors abroad that could be the sticking point. there is a winding up sticking point. there is a winding up hearing in hong kong at the end of the month and if there is no repayment plan, there is a threat of liquidation. the budget airline ryanair is making cuts to its winter schedule, blaming delays in the delivery of new boeing aircraft. it had expected to rec