Main content

Is China's economy in trouble?

China has cut its benchmark interest rate by one tenth of a percentage point to 2.75%.

China has cut its benchmark interest rate by a tenth of one percent which Craig Botham, Chief economist at Pantheon Macroeconomics explains why this is being seen as a further sign that China's economy could be in trouble.

State-owned Aramco announced record profits of nearly 50 billion US dollars for the second three-month period of this year. It comes as Russia's invasion of Ukraine has led to oil and gas prices trending much higher. Our correspondent Sameer Hashmi joins us live from Dubai.

It's exactly a year today since the Afghan capital Kabul fell to Taliban forces, marking the end of a 20 year experiment in western-style liberal democracy in the country. Since then the economy has collapsed, throwing tens of millions of people into abject poverty.

Former Afghan finance minister, Khaled Payenda ran the finance ministry for the last six months of democratic rule right up to August of last year, he speaks to World Business Report鈥檚 Ed Butler.

Thailand鈥檚 economy has expanded at the fastest pace in a year, following the recent easing of Covid restrictions. Bruce Haxton runs tuk tuk tours, he speaks to us from Chiang Mai about how business has been for him.

(Picture: LIANYUNGANG, CHINA - AUGUST 10, 2022 - Large machinery lifts containers to international freight trains at the China-Kazakhstan Logistics base in Lianyungang, Jiangsu province, China, Aug 10, 2022. Picture Credit: Getty Images).

Available now

27 minutes

Last on

Mon 15 Aug 2022 14:32GMT

Broadcast

  • Mon 15 Aug 2022 14:32GMT