:00:16. > :00:20.Those are the latest headlines. Now time for the financial news. Growth
:00:20. > :00:23.economy slowed for the seventh quarter in a row, but with signs of
:00:23. > :00:30.improvement in China's factories and on its high street global
:00:30. > :00:40.Nokia expects to report further heavy losses today as it pins its
:00:40. > :00:43.
:00:43. > :00:51.hopes of a turnaround on its latest Lumia smartphone. China's economy
:00:51. > :00:55.is continuing to slow down. The European debt crisis and the weaker
:00:55. > :00:58.recovery in the US is hurting demand for Chinese goods. Beijing
:00:58. > :01:06.has released the latest figures, showing that growth for the last
:01:06. > :01:10.quarter was 7.4%, that's down from 7.6% in the previous quarter. The
:01:10. > :01:16.news is no surprise. Back in line with what most economists had
:01:16. > :01:22.predicted. The 21 months, the growth in China has been slowing.
:01:22. > :01:29.In September, there were signs that the economy has stabilised. Retail
:01:30. > :01:34.sales have gone up and production from factories has also increased.
:01:34. > :01:41.Then joining us from Beijing is the deputy director at intelligence
:01:41. > :01:47.unit in China. Are you positive about the news we have received
:01:47. > :01:52.today about the Chinese economy? That a good question. I'd stayed at
:01:52. > :01:57.from what was announced earlier today, it's a mix of good and bad
:01:57. > :02:02.indications but overall it's good to say that we have seen good signs
:02:02. > :02:07.of the pick up of the economy. We're definitely at the bottom
:02:07. > :02:12.right but it's a shaky one. China will not have a hard landing, there
:02:12. > :02:19.was the real fear for the international markets? No, no, not
:02:19. > :02:25.at all, what was announced today was confirmed that there is no hard
:02:25. > :02:30.landing in China. Especially when you think about the next month,
:02:30. > :02:33.political changeover meaning stability will be the key word to
:02:33. > :02:38.watch out for so that means the economic situation will follow that
:02:38. > :02:43.line in order to smooth out and make sure it's a smooth transition.
:02:43. > :02:46.What does the new leadership want to do? It's hard to predict because
:02:46. > :02:52.they will be new in his job but in terms of the economy what is the
:02:52. > :02:58.next step? I think it's fair to say that the most important being that
:02:59. > :03:03.the lead is will want up the next month but not expect any
:03:03. > :03:07.significant reforms could take place in the next few years,
:03:07. > :03:11.because stability is the most important thing and I would look if
:03:11. > :03:17.you use down the track at a more comfortable position before they
:03:17. > :03:22.will do that. There will be a series of major reforms including
:03:22. > :03:27.state-owned enterprises and financial reforms and systems in
:03:27. > :03:34.place to mobilise more of the labour force. That will be very
:03:34. > :03:39.important. We will look at the Chinese bottoming out which is good
:03:39. > :03:46.news. What's the key risk factors for China? Is it in Europe or is it
:03:46. > :03:51.other things within China? It's a good question, I'd say to risks,
:03:51. > :03:57.the first is the external demand and exports are about 30% of that
:03:58. > :04:02.Chinese GDP and the largest exporting zone for China is Europe
:04:02. > :04:06.and that will pick up and at the same time it's important to
:04:06. > :04:10.remember that most important thing for the Chi for the Chiomy is
:04:10. > :04:20.investment. The property market is also very important. The Government
:04:20. > :04:23.
:04:23. > :04:33.watches that are closely. The property market does not increase
:04:33. > :04:35.
:04:35. > :04:41.been the Chinese economy may be at Rocca will report further losses
:04:41. > :04:45.later today. Lockyer may have lost more than $1 billion. That will be
:04:45. > :04:49.a slight improvement from the previous quarter but the shares
:04:49. > :04:57.have halved with him last year and many investors warned that it may
:04:57. > :05:02.go further. Once Rocca was the most popular but their arsenals of the
:05:02. > :05:08.new models have collapsed. If the losses cannot be stopped, and may
:05:08. > :05:12.even be heading for the exit. Contrasting mac with the euphoria
:05:12. > :05:18.of Apple who recently queued up the launch of the latest iPhone and the
:05:18. > :05:22.fortunes of Samson. The fate of the company in hot is beyond the new
:05:22. > :05:29.Windows eight. The question is, will it make it into the Christmas
:05:29. > :05:34.list ahead of its rivals? It will be phenomenal. It will be
:05:34. > :05:39.interesting to see who wins out. Our that consumers will buy back at
:05:39. > :05:43.form and what the message from the market is. It will not go on sale
:05:43. > :05:49.until the start of next month. That has prompted fears that it may fall
:05:49. > :05:53.even further behind its rivals. On the other end, it claims it's not
:05:53. > :05:57.just a one phone company, part of the strategy involves a wing
:05:57. > :06:03.cheaper and sits to developing countries where the low price is
:06:03. > :06:09.vital. These range of phones similar to the smartphones is only
:06:09. > :06:15.costing about $80. He is a touch smartphones, good products, low
:06:15. > :06:20.pricing, and the question of success with this there but is not
:06:20. > :06:25.just for the Western market but something important in every market
:06:25. > :06:31.will stop in her quest to save money and now consider selling its
:06:31. > :06:38.shiny headquarters just outside Helsinki. Aka out and worry not
:06:38. > :06:44.only about the big losses also order the company's survival. He
:06:44. > :06:49.it's a very busy day per the earnings. We will be watching to
:06:49. > :06:59.him making money from its new products we're keen to speak about
:06:59. > :07:01.
:07:01. > :07:06.What have you look for online, chances are you will use Google to
:07:06. > :07:16.find it. It dominates the sit Gingin with almost 67% of the
:07:16. > :07:16.
:07:16. > :07:21.market. At her rings its closest rivals. While the uses speed uses a
:07:21. > :07:28.suit Gingin, businesses know it's an advertising powerhouse charging
:07:28. > :07:34.companies every time a click on the link. Him that it can charge is
:07:34. > :07:41.falling. Concerns investors. What had three consecutive declines and
:07:41. > :07:46.that will continue in the 4th quarter and in some cases 16% over
:07:46. > :07:52.the year and that the large number. The number of clicks people pay for
:07:52. > :07:56.has increased will be compensated to drive the revenue. Stemming the
:07:56. > :08:02.falling prices may be difficult as more and more people access the
:08:02. > :08:06.internet on my smartphones making money from it is much harder. We
:08:06. > :08:12.are less likely to click on the advertisement when we are on the
:08:12. > :08:21.move. They are not willing to click on that and its immediacy of that.
:08:21. > :08:27.He it's something like half of the adults. People access the internet
:08:27. > :08:37.daily. Sometimes they use this mark for more than my PC and it's easier
:08:37. > :08:39.
:08:39. > :08:43.to reach consumers. To make it better kugel bought Motorola.. They
:08:43. > :08:49.don't have any intentions of what they can do that yet to deliver new
:08:49. > :08:55.results. Cool has the threat of the Dead Rock investigation about
:08:55. > :08:59.whether it demoted its services in its listings. The market is still
:08:59. > :09:05.growing and the revenue is rising. The challenge for the boss who
:09:05. > :09:14.recently returned work after illness is simply making the market
:09:14. > :09:24.make mall. Make some more. It's a very busy day today. No nasty news
:09:24. > :09:24.
:09:24. > :09:34.from China but markets are all up 0.5%. It's a good session so far
:09:34. > :09:37.
:09:37. > :09:43.The EU you alluded leaders are meeting in Brussels and Greece a