different province group, but today, of course, these are larger cities tourists there like shanghai beijingnd south karatash west chun beard touris usually come. they're three from three up to five days to attract guests from china will also help changes in the legislation of russia and belarus ratified the agreement on mutual recognition of visas, the process should be completed next year, then it will be possible to talk about a full-fledged exchange of tourists and a multiple increase in the flow of anton malyuta and viktor borisov sphere of interests. today , we will tell all the information about the most noticeable in the economy in the area of ​​​​interest next week, let's remind small world. every tuesday on wednesday and thursday, have a nice fall. let it go everything will definitely work out. 24 hours a day, 7 days a week we are working to ensure that you are aware of current events in the country and the world. in addition, our team of journalists obtains valuable knowledge from experts. how to maintain and increase health? there is also room for entertainment every friday. we b

only two of such moments that were mentioned by the european representative during a visit to shanghai, beijing, i i understand that to other places in china, we are talking about serious problems, the imbalance in europe's trade with china, china is very big, the partner is european, in particular, for example, european in europe, german industry is very dependent on exports to china, but in fact, china sells much more to europe than it buys european products , and in particular, mr. dobrovsk said that almost 400 billion euros, almost 400 billion euros is the trade deficit between china and europe, this is a serious problem, it was also pointed out that european investors , european which companies, like other western companies and entrepreneurs, do not have the same equal access and the same conditions for competition in the chinese market, such as, for example, chinese companies themselves, chinese businesses in europe are always very emphasize that equality for industrial competition is one of the principles of success in economic cooperation and the economy as such, and also in europe are

shanghai, beijing, even shenzhen. they have different market response for those measures. potentially if easing does not work, for golden week sales, we could see more easing coming. restrictions could be relaxed. that would be positive for those cities. rishaad: housing for speculation again possibly. thank you very much indeed for that. he is our senior analyst at bloomberg intelligence. going to kick things off elsewhere in china. official pmi data is out for september. coming up tomorrow, saturday. let's get a preview here. what they would be telling us about the state of the economy. what did these telus? we have had a horrible year of negative once. we have not had a positive one since march. haslinda: ultimately what we are looking for out of this data this weekend is can we get any kind of sense that there is more stabilization. policy transition, is that coming through? the measures china has taken over the past couple of months at this point, is that transmitting into some kind of recovery for the economy? what we are expecting as we have these manufacturing pmi'

assad and his wife will hold a series of meetings in shanghai and beijing this is economic news in briefrussia's gold reserves reached a record high for 21 years in the twenty-second their volume exceeded 2,300 tons , according to the world gold council; for comparison, at the beginning of zero, russian reserves were about 400 tons; gold is considered a protective asset even more effective against the backdrop of the sunrise and the associated currency risks. another reason for interest in the precious metal is the creation of gold-backed currencies. sales of excursion tours in russia in the fall increased by 10-20% compared to last year, usually this season there is a decline, most tourists prefer to relax in the summer. today, the sales leaders, as reported by the publication rtn, st. petersburg kazan, kaliningrad region, golden ring, and also moscow, while the cost of tours according to operators increased by about 12-14%. in russia , the prime minister signed a decree that limited the export of gasoline and diesel. mikhail mishustin emphasized to the government that the temporary mea

assad and his wife will hold a series of meetings in shanghai and beijing.a lacks about 150,000 truck drivers, and the average age has exceeded 50 years, such figures are given by the cargo association. autotrans has to raise tariff prices to compensate for losses from vehicle downtime. taras kucherenko found out whether it is possible to solve the problem with personnel; see his special report, but immediately after the advertisement. pentalgin extragel contains a special component for better penetration into the lesion pain and inflammation pentalgin extragel against more inflammation in muscles and joints. listen to the cashboy's advice and buy even more profitably at megamarket, for example, a basic women's t-shirt arrive for 2,290 rubles. and cashback 50% megamarket magnet price, what you need 1999. why credit sbercard, the most profitable in the country, every month a new interest-free period of 120 days begins. make your purchases. give me my money back. so again and again free forever superstar nine eight percent. apply online or by allocation and ge

bashar assat and his wife will also hold a series of meetings in shanghai and beijing.n citizens, applications have been stopped amid a diplomatic row between the countries , which promised to reduce the number of employees in its activities, and previously the authorities of the american country expelled a high-ranking indian diplomat, allegedly. he was involved in foreign intelligence. new delhi responded by sending a canadian diplomat home. of the same rank, the indian ministry of foreign affairs also recommended that its citizens in canada exercise maximum caution due to growing anti-indian activity and the deteriorating security situation.

population of china's population of 1.4 billion, a large part of which is actually present in shanghai and beijing fact , it was possible in this meeting that we, based on what i said, should provide mutual support for the contributions we have, that is, we should come. to provide the part they need , we exchanged with even the chinese companies we visited, we got their needs and we announced our needs to them. they both need one we will provide them with a series of our products. certainly, the working group that will be created during this meeting and the information that will be exchanged will lead to the fact that, god willing, an export door and an export window will be opened for the two countries to meet their needs through in fact, they should provide a single window for the world , that is, western countries have human rights and help for human beings. they do not face many countries until now that we have witnessed we are that even some of the medicines required for special patients are now being prevented from being given to them. what have we done in this regard? have we done this at a

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bashar asat and his wife will also hold a number of meetings in shanghai and beijing india has suspended the issuance of visas to canadian citizens, acceptance of applications has been stopped amid a diplomatic scandal between countries from that promised to reduce the number of employees of their depression, and earlier the authorities of the north american country expelled a senior indian diplomat, supposedly. he was involved in foreign intelligence. new delhi. the response was sent to the homeland of a canadian diplomat of the same rank. the indian ministry of foreign affairs also advised its citizens in canada to exercise maximum caution due to growing anti-indian activity and the deteriorating security situation. over the course of 30 years, many countries have gone through centuries and difficult elections. in our country, the role of a leader is an order of magnitude higher than in many other countries, whether a girl or not. after you, smart girl. she is a principled person, maybe a model, donetsk, russian federation on saturday and sunday on the russia 24 channel, on sunday on t

construction of the one belt and one road of the brix country and the shanghai cooperation organization yaroslav danilenko beijingthe first day of autumn in belarus starts with an innovation and so today allowances for work in the field of education plus 21% of the report, instead of the previous six, a separate allowance for classroom management and supervision of the study group was set from 50 to 100%. with the arrival of autumn in in belarus as a whole, salaries of public sector employees will increase. they are tied to the base rate, which today added more than 11%, and amounts to 235 rubles. pensions will also increase by about five percent, their average size after the increase will reach 737 rubles. this is 15% higher than a year ago. some belarusian banks made important changes by increasing the commission for servicing foreign currency accounts; from the first day of autumn , new tariffs for postal services will also apply in belarus , including the increase in the cost of sending letters and parcels. despite the rain and drought almost 1.5 million tons of grain with such a result, the minsk region comp

bookings between tokyo and china up is because two largest cities shanghai and beijing are among the top 10 international routes for the holiday period. haidi: still ahead, we discussed a de-risking strategy toward china. the former undersecretary for global affairs paula joins us for that. and investment partners sees the chinese economy turning with stimulus taking an effect. this is bloomberg. ♪ make a splash with the ultimate pool party essential. blendjet gives you ice-crushing, big blender power on-the-go, so you can soak up the sun with a frosty beverage. enjoy 15+ blends before rapidly recharging via usb-c. and it even cleans itself with a drop of soap and water. stand out even when you're accidentally twinning with our kaleidoscope of colors. make this summer the coolest ever. order yours now from blendjet.com. sweat isn't sweet. it's salty. lmnt. more electrolytes. zero sugar. you feel the difference when you get it right. stay salty. haidi: you are watching "bloomberg daybreak: australia." taking a look at the week ahead, front and center inflation, watching cpi prince fro

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both beijing and shanghai should not be forgotten. stands for preserving the territorial integrity of syria and the complete withdrawal of foreign troops , which are illegally located there first of all, the united states and turkey, in fact, all the dolphins during the conversation sharply emphasized that china will continue to fight together, and against terrorism and defend international justice. and this is how china has already stated more than once about the lifting of american sanctions against damascus too. alexander, thank you , our support correspondent in china, alexander balitsky, was in direct contact. the director of the rosseti center company , igor makovsky, held a working meeting today with the governor of the bryansk region, alexander bogomaz, to discuss preparations for the upcoming heating season and work in the border areas, where power engineers work in elevated conditions threats. of course, today we pay special attention to those specialists who work in the border areas from voronezh to bryansk , more than 5,00

some bits and pieces of rain lingering around, but temperatures in beijing and shanghai touching into the thirty's for how for japan. however, the heat wave is just relentless. here we think temperatures pickup to the mid thirty's well above the average for this time of year. that's the spike. the heavy rain from the remnants of a tropical depression, showering across the island through choose a into wednesday. as we move to south asia, it is a story of monsoon rains, putting up with seeing heavy rains across pots of underfoot. dish as well as a dish. so that's where we're seeing the amber warnings out over the next few days . but some of that range is expected to touch into new daily by tuesday, the fall and counting the cost, china is listening. economics low down is founding. the alarm across the globe breaks is guessing big. we look at what the entry of 6 new countries means for the blog. la sterling cars, government says the economies on demand bodies is counting the cost on al jazeera. we understand the differences and similarities of cultures across the world. so now my to, whe

our capital is recognized as the first among the metropolis brix behind such leaders as beijing and shanghaiere working on the study, the leading universities of the international organization attention first of all , they paid attention to urban infrastructure, as well as on the quantity and quality of services available to the population. tonight, russian troops inflicted a new massive strike on objects on the territory of ukraine, which is used for military purposes, in particular , it is reported that explosions thundered in the harbors of izmail , kiliya and reina. some details were revealed and in our ministry of defense they also spoke about the situation in different directions of the front. kirill branin listened attentively. it is not known if it affects the battle cry of the paratroopers for the accuracy of shooting, but the footage from the drone speaks for itself , sheltered in the landing, guns in the air, howitzer crew hyacinth paralyzed the most accurate long-range gun, you can say i'm lucky that i 'm on this gun. and here's who's really unlucky. so this is the enemy’s strong

material impact from some of these policies coming through over the weekend in cities like beijing and shanghaiith a tick up in home sales. not enough to maintain momentum across the european space. we also saw yields on european debt taking higher. -- as you look to the restart of trade on tuesday after the labor day holiday, so downside of a 10th of a percent but a context that last week was the best week for u.s. stocks since june. euro-dollar, 1.0 seven, flat for the single currency and we continue to hear both sides of the spectrum on whether or not the european central go further in its rate hiking trajectory. the next meeting and decision, september 14. close to $89 a barrel on brent. oil by the way is up since late june by about 22%. china of course a factor in terms of how you think about these oil markets. that is the shape of play and some of the optimism in terms of stimulus measures from china and of course you had the debate as well that continues as to whether or not the fed can afford to pause, given jobs data out on friday that seems to suggest things are heading in the right d

in beijing and shanghai. coming to you live from the milken asia summit, the city that roars. rishaad: let's have a look at the top stories. asian equities struggling, looking to the u.s. inflation report for fresh clues, new evidence of strains in global supply. we have apple selling made in india iphones on new models launched, underscoring the country's growing production prowess plus we talk investment risk with one of canada's biggest fund managers and get the inflation outlook. you are down at the milken summit, it is very busy there, you have the formula 1 coming up as well. the city must be abuzz. haslinda: you are in the wrong place, this is the place to be. where i am here, there is a lot of buzz, we talk about anxiety of a lot of issues, inflation, geopolitics, and my conversation as we opened the discussion on investment. there are opportunities out there. if you talk about china, the second largest economy,? ? is it investable yes there are obligations. how could you not invest in the second largest economy? if you are a long-term investor there is value to be had

millions of china, a large part of it is really in shanghai i am present in beijing. it was actually possible in this meeting that we, according to my proposal , should do the mutual supply of the partnerships that we have, that is , we should come and supply the part that they need . we exchanged with even the chinese companies that we visited . we took their requirements and informed them of our requirements. naturally, we need raw materials because some of our raw materials are being imported from china . they also need a series of our products in the field of final medicine and equipment. we will definitely provide them with a working group that is strong this meeting will be held and the information that will be exchanged will lead to the fact that, god willing, an export door and an export window will be opened for the two countries so that they can meet their own needs through it, in fact, a single window for the world, that is, the western countries, despite their claims. that they have about human rights. and helping people, we see that, unfortunately, wherev

interest rates and lowering the threshold for people to buy property in major cities like shanghai and beijingeople are not flocking to the showroom of new projects of developers. because people are not confident about the future of their income as well as the price trend of property, which have been stagnating over years of breakneck expansion. the future is uncertain for the entire sector. sitting on a huge amount of inventory. goldman sachs estimates it will take years for china to clearly stockpile -- clear the stockpile. many of those are unfinished projects. they can push for a bankruptcy or liquidation but we don't know how much the recovery rate is. 10%, 20%? nobody knows. if you look at the bond prices -- prices of bonds issued by property developers, they are trading at distressed levels, tend to -- 10 to 15 cents on the dollar. >> our shanghai bureau chief with the latest on china's property challenges. this of course as we continue to see geopolitical challenges for policymakers as well. china, now telling the european union to exercise caution amid the block's anti-subsidy probe i

perhaps it is working to some extent given the long queues people had looking for properties in shanghai and beijing. yvonne: it's amazing. the mortgage down payments, people just start lining up and they saw transactions that weekend was equivalent to what they saw in a month according to some local reports. what did that translate to consumption is another key factor as well. it's interesting to see with country garden. today is the day, or tomorrow, the grace period of the dollar bond ends and whether they can avoid default is the key thing. i think that's what is worrying the market. they bought time with extending the renminbi and paying the ringgit bond but the dollar funds are. the subject. rishaad: they have to go to developers and bondholders to get extensions. great story about the housing crisis on the bloomberg terminal, top 50 private sector developers by dollar bond issuance. 34 suffered delinquencies. 16 are left including country garden facing $1.5 billion of offshore public bond payments this month alone. yvonne: most of the downgrades they've been doing are mostly in the property s

that chinese officials in an effort to boost investor confidence of stocks listed in shanghai, shenzhen and beijinghinese stocks back in the game? let's bring in the man known as one of the most successful international investors, the godfather of emerging markets here in a fox business exclusive, mobius capital partners' founding partner mark mobius. what do you make of this news? do you believe it, a, and, b, does it make you more inclined to opening your mind to investing in chinese stocks? >> well, yes, i believe it. i believe china wants to have more and more investment. but with a very, very specific goal, and that is in technology stocks. if you look at what has happened in china, it just up to this month of this year, the chinese markets have raised something like $41 billion in ipos versus something like $10 billion for the u.s. so the chinese the have really gone in for a lot of ipos. but these ipos are tech-oriented. xi jinping wants to grow the tech sector and, of course, achieve the objective of having the tech sector in china surpass that of the u.s. liz: would you consider -- >> so t

they'll be in beijing, shanghai and other parts of the world., the negotiations between the uaw and the big three automakers continue. but if no serious progress is made, united auto workers president shawn fein says he could announce additional strikes against ford. general motors and stellantis. they want to be paid for their hard work. and it's a basic contract of fairness and equity. if there is an expansion to the strike, new picket lines could start going up as early as noon eastern time on friday. in center line, michigan. i'm jeff flock with the fox business network. with studios are headio the bargaining table to try to hammer out a deal. sag-aftra and the alliance of motion picture and television producers are set to resume negotiations on monday. several studio executives say they plan to attend. and while the talks are considered a major step toward getting the actors back to work, their union is asking members to continue to show up. they're on the picket line. the striking actors are demanding better pay for work on streaming platf

new hiring wages in the city, shanghai and beijing, dropped by about nine and 6%. since 2015. and beyond new hiring, we have also already seen these job cuts in prestigious sectors like the banking sector, 40% pay cuts for some bankers, as well as in the tech sector where people who are sometimes used to getting a 50% bonus when they moved, now expecting much steeper and more moderate jobs. the other element here that is really interesting, very hard to pin down data on this but we spoke with 10 different civil servants across china who reported in one way or another, the take-home pay was shrinking. something that really stood out to me was this element that for some civil servants they are being asked to return their bonuses that they have paid over the past five years. now, it underscores the level of constrained finances for china for local governments. but even for this sector, so-called as this iron ball of china that these balls are meant to have lifetime of security, where for many civil servants who are working have never seen a pay cut or their bonuses cu

we have seen a boost in some sales for homes in beijing and shanghai. >> eunice, what exactly is next then for country garden? this is one of the biggest financial and economic influences in the chinese markets. what does it say about what's next for them? >> reporter: well, the company says it still owes $15 billion on bonds that are coming due within the next 12 months. a lot of money. we have been hearing that the company is looking to try to work out similar repayment plans as the one they secured last friday for some of the domestic bonds where there was extension of three years for the bonds. a bigger picture, though, the company has said it is hoping to increase its liquidity and make sure it has good cash flow, but, of course, there is a question mark as to whether it will do that. a lot of analysts have been telling me unless the company is able to really sell homes and convince people to buy, it will be a very, very tough slog for the company. >> eunice, sticking with the chinese story. it is reportedly the chinese government taking steps to boost the chip industry. they wil

shanghai. north of all that beijing showing itself is typically fairly well in the sunshine. it's cool down a base in homes you take is it? so if you want, but it's not dry, there are more showers on their way. this is true, particularly for tuesday, let's say for wednesday, which shows a concentration in the sherry stuff, some of the yangtze in china. and of course, that tables back into grungy. and then beyond that, it's fairly dry. now the model soon raises, i'm done equally strange things. mobile recently has been flooding around new data . you can see that the dark or the bright top kind, which translates into shelves, into poll, generally speaking or to produce dance or deshar. it is still wet west so that it's still dry. and in rochester and it's still pretty health as well. i am very delighted to participate in the all the other confidence, brightest illegals students putting minds against. and this means in africa would really be interesting to see how we miss uh, gather together for tournament on like any other property. mimic flushing, maybe the apps we can cut on

government would probably be less focused on those cities rather than the bigger bed areas like beijing and shanghaiat adds extra trouble and uncertainty to country garden. people familiar are telling us now that cicc the biggest investment bank in china, china international capital corporation along with restructuring expert houlihan loki have been in talks with country garden to be financial advisors and at least put together an offshore debt restructuring plan. all three parties, i my dad, have declined to comment when contacted by bloomberg news. discussions are at a preliminary stage and there is no guarantee a data plan would actually emerge. country garden has $11 billion of offshore bonds outstanding. it recently did when investor approval to delay during this gracen period for onshore and offshore bonds for you to do yesterday they had interest payments due again yesterday. one for a 41 million u.s. dollar coupon and another $1.66 million for a ring get bond in malaysia. they have these liabilities in continued coupon payments coming due. the early when i mentioned, the $41 million coupon h

billions of dollars on new bicycles went bankrupt, millions of bicycles ended up in landfills in beijing, shanghaior overproduction are connected not only with economic prerequisites, but with the mentality of the chinese. when one chinese person says it's a good idea to do something, everyone else is on board. it goes to extremes. for example, he will suggest: let's create bicycle rental companies. when one chinese person says it's good the idea to do something, everyone else supports it. for example, let's create a bicycle rental company, this will bring profit to investors, then everyone will do the same. people will just end up overdoing it. i mean, it's part of the culture here. yes, i think it's a herd instinct. and nikolaich, judging by the pictures, this is a cemetery with cars, it’s old, because the bushes have already grown there, i don’t know whether there were such shots before, or bloomberg just dug it up, so they showed everything. they started making noise, well, what is it anyway? well you you know, indeed, this is a very old story, i think that the story made noise last year, some

time this battle is over the rusted out factories will not be here in michigan, they will be in beijing, shanghaiing it back. we're taking it back and it won't be hard. the gleaming new buildings and roaring production lines will be built in lansing and flint and sterling heights and grand rapids and pontiac, dearborn and detroit. ladies and gentlemen, i've been preparing my entire life for this battle. we did such a great job four years ago, we were unfairly interrupted, let's be nice about it. we were unfairly interrupted and in many ways this is better we've seen what a bad job they've shown us, what a horrible job they do and we will be able to do things that nobody would have thought possible. and people won't be complaining even a little bit because between crime and all of the jobs that have been stolen from us and all of the factories that have been closing, all of the bad things that have been happening with afghanistan and with ukraine, and with everything, people will say, wow, we want these changes to be made. we want these changes to be made very, very quickly. just three years ago,

just a few, spotty showers here and the temperature is in beijing as well as shanghai staying in the thirty's. um as lots of heat for japan that extended heat waste. just continuing 33 degrees on choose day picks up by wednesday, the entities as fund phase one more women and before me stance the tool by crowds increased when i, when a me to rebel bike is receiving life and lead to say, say, drink on out, just the or the the the come back her mind about top stores this out, the crate and prices put them in. so then ski has replaced is defense minister say new approaches on needed. so then ski has picture of the time around the funding to replace next, the best because the parliament needs to have the truth and nomination. american officials and northeastern syria are attempting to stop fighting between urban curtis on lines bonnets, flag, so excited that soon democratic forces are rest of the command. online is ready, prime minister has called for the immediate d port station of every train us saw them sequence and calls and spawn it protests to the beef. it's where the police were am

here in the temperatures in beijing as well as shanghai staying in the thirty's. there's lots of heat for japan that extend that heat wave just continuing $33.00 degrees on choose day, picks up by wednesday of the respective generation. the street in central concave shows you how devastating the effective russian bombing has to be. i can see where 2 of the bullets hit their about. my head highest member of the military wanted him dead. the still men or women at property on the road costing out english crowd recipients in new york festival, through the cost or of the year award for the 7th year running violence in iraq, city of kirk coke arrival demonstrations between kurdish and took. many communities have led to jackson injuries that's off the plans by iraqi security forces to return a building to codes which they previous be held in failure of the ethnic groups. so how can the unrest be resolved? this is inside the .

it beijing, shanghai, lowering mortgage requirements for xoma buyers as we area it is a nationwide policypolicies helping these stocks. looking at ev makers as well. we have got at the moment lee auto with a 600% increase on the year of his deliveries. byd also seeing big gains, august sales grew 83% of the year. 224,000 units compared to last year. we have got also hyundai done a fraction. kia .25% to the upside. a limited signaled there will be even more competition in the ev space. we look at asia's most prestigious energy conference. we will be asking the u.s. treasury department about whether g7 price caps on russian oil have achieved their goal. that is next. this is bloomberg. ♪ rishaad: china markets heading for the lunch break, and we are having a good morning with lots of moving parts and property companies hoping to lift these hedge marks across mainland china. hong kong going on break and just half an hour from now, and the yuan much stronger than anticipated fix, seven point 26 is the level against the dollar, pretty much unchanged overall did looking at property helping thin

beijing, which means the conferences that take place there, they are there in parallel in beijing, in shanghait mainly from, of course, the world majority, asia, africa, latin. america and so on, they are discussing all this, the chinese have just published a white , white book, based on the results of 10 years of this policy, they again set out the same principles and showed where they are being implemented, now we see that he is gently explaining to the americans , there, europeans, that in our world, today there is no need to do this, that there is no need to blow up gas pipelines, so that no one later can figure out what it is... a similar case, i don’t know, today we will have time to talk about canada, well, we’ll talk a little, i think, not even a little, yes, it ’s incredibly interesting, what’s happening to it, a similar case happened with canada, when they sealed the whole of india there , and they accused her of a terrorist attack on canadian territory without any evidence, and this is also in today’s world such a similarity, as if, well, this is all impolite, here we explain, well

eventually as shanghai notices asked, it looks relatively, finding beijing a shower to possibly in north korea. and of course, a continuation of the human and cut off from wet weather at home. she dropping science and the writings on coming slowly sides with a sudden service, large b sundry and sort of way see in a good path to borneo occasionally, maybe in java, out increasing the likelihood comes back and call them and sing a pool. come monday to india, the reins. recess. donald says that a recent, that you may have noticed on the coverage of the summit, but that rate it stretches down then towards additional bit further cyrus anywhere in the west and got from them by also south was but on the whole west of that is dry and that's, that's is true for pakistan as well. the, a to easy and visionary and a full month. i'll just say we're well, it explores the remarkable life of the prime minister who forced to bring prosperity to a nation shaking off the shackles of french colonial rule. divisions has the right to cation to learn a trade, to jump with a decent salary. the architect of econo

coming along the yang see, could be do some flooding as far east. eventually as shanghai knows asset looks relatively fine in beijing, a shower to possibly in north korea. and of course, the continuation of the human and cut off from where, where the whole ship dropping science and the radians aren't coming slow the size with the sun. so it's large b sundry and sort of way see in a good posit bonia. occasionally, maybe in java, out increasing the, the likelihood comes back and call them and sing a pool. come monday in india, the reins. recess. donald says that a recent, that you may have noticed on the coverage of the summit, but that rate it stretches down then towards additional bit further surf anywhere in the west and got from them by also south which but on the whole west of that is dry and that's, that's is true for pakistan as well. the power defines out, well, we live here, we make the rule, not the people empower, investigate exposure and questions they use and abuse of power around because on algebra era, the we'll get back here to the mind about top stories here. this, our emergency teams are racing again

are you going to close your centers in china and beijing and shanghai?> i don't think it will accomplish that. thank you are running thousands of people through your centers into the chinese government and state-owned enterprises. isn't that a problem? >> first of all there's a big premise that don't embrace the premise on what we are doing. >> which part is ron? >> the notion that we are running thousands of people through the chinese government. >> i thought you had 10,000 employees c in china recruited from chinese state-owned agencies, chinese state-owned businesses. they work for you and then they go back to the state-owned entities. >> we have employees in china in effectct we have that number. to my knowledge that is not where they are coming from and that is not where they are going. we are not running that kind of a -- and it's all about what we do and who we do it with. i think that's of paramount importance and that's where focused on. >> do you condemn with the chinese are doing to the uighurs in the xinjiang province? and we do everything we

we have been hearing chatters that beijing and shanghai may come up with some kind of relaxation aftereriod. haidi: our asia stocks managing editor there. you can get a roundup of stories you need to go in today's initiative daybreak. bloomberg subscribers go to dayb and their terminal or right there in the mobile app. customize the settings so you get the news on the industries and assets that matter to you. this is bloomberg. ♪ what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. haidi: this is the picture when it comes to futures in europe opening up, as we have seen the downside a broadly speaking across the board for asian equities. we have seen quite a bit of pressure when it comes to trading in europe as well, the downgrade we've expected from the earnings picture really expe

we got data over the weekend, that existing home sales for beijing and shanghai doubled over the weekendimpact. president xi jinping is planning to skip the g20 summit this weekend, sending another official. this is happening among simmering tensions with host country india. joining is -- joining us is a bloomberg official. i know we don't know for certain but what is some of the thinking as to why? >> there are a number of potential reasons and perhaps there is more than one in play in the first one is that they things are a particularly in uptake in tensions between china and india over trade and economy and border disputes and perhaps xi jinping doesn't -- there is the reality of what you were talking about which is the turbulence we are seeing in the chinese economy and lots of strange there and questions about how they will get on top of it and perhaps signaling he wants to stay home. and sending messages to the people in china that this is priority number one and then there is the push to create alternative power groups among xi jinping and the move away from western led institutio

involved in that in any way, i don't think that we are. >> are you going to close your centers in beijing or shanghai >> i don't think that that will accomplish what you're asking us. >> you're running thousands of people through your centers through the chinese and state-owned enterprises? isn't that a problem? >> there's a big premise and i don't embrace the premise that that's what we're doing. >> which part is wrong? >> the knowing that we're running thousands of people through and they're going into the chinese government. >> is that not right? i thought you had 10,000 employees in china whom you've recruited from chinese state-owned agencies, chinese state-owned businesses? they come work for you and then they go back to these state-owned entities? >> we have employees in china. in fact, we have that number. i don't-- to my knowledge that's not where they're coming from, that's not where they're going, we're not running that kind of revolving door. and it's all about what we do and who we do it with that i think is of paramount importance and that's what we're focused on. >> do you condemn what

the metropolis seems to be in the shadows of beijing and shanghai, but today, the city is the largestld operates on the principle of a cable car from point a, a freight train is sent to point b and travels non- stop. and movement. it goes both ways 10 years ago the expansion of the eurasian market began as part of the one belt project one way. china has cut new transport corridors. thus, accelerated freight transportation allows today to deliver goods from chongqing to moscow from shanghai to the coast of the persian gulf in 2019. china customs has opened access to its data for chongqing. in this way, market participants can timely track their product location and status due to traffic congestion. we have long wanted to launch counter traffic so that trains would travel simultaneously, for example, from moscow towards each other in the first half of the year from here more than 250 billion rubles left for russia. the total value of goods transported was 19 billion yuan. the first line of the export list is chinese cars ; volumes have increased fivefold. now we are checking goods for e

beijing back in the late 1990s. you've got centers now in shanghai and elsewhere.you've got all kinds of cooperation with chinese state owned misses. i'm looking at an article here from protocol magazine, where one of the contributors said that microsoft had been the alma mater of chinese big tech. are you concerned about your degree of employment with the chinese government? do you need to be decoupling in order to make sure that our national security interests aren't fatally compromised? >> i think it's something that we need to be and are focused on. to some degree, in some technology fields, microsoft is the alma mater of the technology leaders in every country in the world because of the role that we played over the last 40 years. but when it comes to china today, we are and need to have very specific controls on who uses our technology and for what. and how. that's why we don't, for example, do work on quantum computing, or we don't provide facial recognition services, or focus on synthetic media, or a whole variety of things, while, at the same time, when st

beijing policies. these were cars made in the shanghai factory. >> they want to level the playing field.hey feel that tesla and other companies are getting subsidies and benefits that the european carmakers don't have and so they can compete. this is an eu antisubsidy probe into china's ev's. tesla ships more electric vehicles from china than any other of its rivals. that is likely made tesla and its owner a target. if it is getting test subsidies that european carmakers don't have access to, it might lead to levees offsetting the subsidies. we learned the aim of the probe will be determining if tesla has been subsidized and also domestic carmakers then to take any needed measures to level the playing field. again, a tariff would be such a measure. tesla was down 2% on the news. the ev makers all took hits. the public -- the probe was made public and at the time it was noted that it has the power to make a difference. we are learning from sources that tesla is clearly being looked at. haidi: it's no secret that tesla has gotten perks from opening its factories in china. >> they have gott

shanghai factory. that has to be in diplomatic conversations with beijing. and, he is a fairly transparent guy in some ways. it is not clear that all of his team surrounds him is accurate like the -- however, he talks about it a lot. he quotes in interviews with the financial times on, this and comes out and says, i talk to the chinese, they are mad about me giving internet access in ukraine. remember, the chinese are backed russians in this conflict. and, they are fearful of that internet technology -- so, he has dealt with blow back from the ukrainians, because of his unique geopolitical position, and that does underscore how dangerous it is to concentrate all of this power in the hands of private billionaires with their own interests. >> right, and it raises interest of whether he is being pressured and advised by the chinese and russians, what is the relationship of the u.s. government to him, particularly when he is conducting effectively foreign policy against the interest of -- the state of u.s. policy. pulitzer prize-winning journalist, thank you for

shanghai factory. that means he has to be in diplomatic conversations with beijing. and he's a fairly transparent guy in some ways. it's not clear that all of his a statements around this have always been accurate. like the putin comments. however, he talks about it a ut lot. he goes in interviews with the financial times in one case andi comes out and says, i talked toi the chinese. they're mad about me giving internet access in ukraine, because remember, the chinese have backed the russians in the conflict and they're fearful of that free internet technology given to their own people. he's dealt with blowback for the ukrainian support because of his unique geopolitical position. that does underscore how dangerous it is to concentrate all of this power in the hands of private billionaires with b their own interests. >> right, and it raises the question, if he's being pressured and advised by the chinese and the russians, what's the relationship of the u.s. government to him, particularly when he's conducting effectively foreign policy against the ndli interests of s

shanghai factories. and he has to be in diplomatic conversations with beijing. and he is a fairly transparent guy in some ways. it's not clear that all of his statements around this have been accurate. like the putin comments. however, he talks about it a lot. goes in interviews with the financial times and comes and says, i've talked to the chinese. they are mad about me giving inner access in ukraine. because remember, chinese have backed russians in this conflict. they are fearful that free technology become and given to their own people. so he has dealt with pull back because of his unique geopolitical position. and that does underscore how dangerous it is to concentrate all of this power in the hands of. private billionaires with their own interests. >> and it raises the questions if he's been pressured antibodies by the russians. what's the relationship with the u.s. government to him? particularly when he is conducting effectively foreign policy against the interest. pulitzer prize-winning journalist one apparel, thank you for this, reporting thank you ta

beijing and signing a security deal with china. and according to nelson wong device chapman of the shanghai send of a room pack and international studies. washington's intentions in the asia pacific region are a bundle. please clear when it comes to the question of the us looking at all this as a measure to contain china's expansion into that region. all this the up in florida's. i think they've got it wrong because i think they are all still living in the past because what the us as being trying to do because there is always an element of military presence being that was country. is that looking at this as a jo, political, a part of the geo political struggle and to, to, to gain more control over that region. all the other region here, all the about, this is not what the trying to is doing. let's see what the us is doing in these items all full of these items. all right, before we joined a guest, the russian government has issued a list of so called friendly and neutral countries, which banks and brokers will be allowed to trade with on the russian currency and the river tubes market. it's a big deal. the documents are list of a 13 na

pacific nation instead tugged straight the beijing ended wat it's signed the security packed with china. according to nelson and wong device chapman to the shanghai send of a written pack of international studies, he says, the washington's intentions in the pacific. r abundantly clear. when it comes to the question of the us looking at all this as a measure to contain china is expansion into that region. all this the of in florida's. i think they've got it wrong or doing because i think they are all still living in the past. because what the us as being trying to do because there is always an element of military presence organize in those countries. is that looking at this as a jo, political, a part of the geo political struggle and to, to, to gain more control over that region. all the other region here, all the about, this is not what the trying to is doing. let's see what the us is doing in these items. all full of these items are just so 25 minutes possibly out here. and most of us really good to have your company for this broadcast on how to international. i think i should just let you know quickly that washington has imposed new sanctions a

beijing where it signed a security deal with china. and according to nelson wong device, chad, one of the shanghai send us a rim pack and international studies. he says, washington's intentions in the pacific region are abundantly clear when it comes to the question of the us, looking at all this as a measure to contain china is expansion into that region. all this, the of inc was, i think they've got it wrong because i think they are all still living in the past . look at what the us is being trying to do because there is always an element of military presence in those countries that looking at this as a geo political, a part of the geo political struggle and to, to, to gain more control over that region. all the other region here, all the about, this is not what the trying to is doing. let's see what the us is doing in these items all full of these items. quote, dominant states of baffling global colts foot chain. that's the quote into india is external affairs minister speaking about the rise of the global south. also adding but it's, it's still kind of c today, a world of double standards for those who, who are occupying positions of inf

shanghai cooperation organization can raise the strategic relations of the member countries to a higher level. with the topic of cultural exchanges was held. mohammad reza ghalik gabi, sda news agency, east asia office, beijingd the list of patients waiting for treatment in england has reached a new number. currently, seven million and 700,000 people are waiting in line for treatment . it had given the people a reduction in the expectation of treatment. now, according to the british media, a large part of the problems have been blamed on the strikes, an issue that think tanks and hospital heads do not accept. according to reports, next wednesday, both doctors and internship students will strike simultaneously for the first time. thank you for your cooperation in the news section here. imamzadeh bbc tombstone is the tomb of ali bin musa al-reza's sister, in the west of yazdel village, 15 kilometers north of kashan, in the districts of aran and bidgol, with a population of 2,500 people, which was also called del in the past for more than a century. it is that on the anniversary of the martyrdom of the 8th imam of the shiites, ali bin musa al-reza , the women and men of the village mourn the tragedy of his mart