18/10/2012 World Business Report

Those are the latest headlines. Now time for the financial news. Growth

economy slowed for the seventh quarter in a row, but with signs of

improvement in China's factories and on its high street global

Nokia expects to report further heavy losses today as it pins its

hopes of a turnaround on its latest Lumia smartphone. China's economy

is continuing to slow down. The European debt crisis and the weaker

recovery in the US is hurting demand for Chinese goods. Beijing

has released the latest figures, showing that growth for the last

quarter was 7.4%, that's down from 7.6% in the previous quarter. The

news is no surprise. Back in line with what most economists had

predicted. The 21 months, the growth in China has been slowing.

In September, there were signs that the economy has stabilised. Retail

sales have gone up and production from factories has also increased.

Then joining us from Beijing is the deputy director at intelligence

unit in China. Are you positive about the news we have received

today about the Chinese economy? That a good question. I'd stayed at

from what was announced earlier today, it's a mix of good and bad

indications but overall it's good to say that we have seen good signs

of the pick up of the economy. We're definitely at the bottom

right but it's a shaky one. China will not have a hard landing, there

was the real fear for the international markets? No, no, not

at all, what was announced today was confirmed that there is no hard

landing in China. Especially when you think about the next month,

political changeover meaning stability will be the key word to

watch out for so that means the economic situation will follow that

line in order to smooth out and make sure it's a smooth transition.

What does the new leadership want to do? It's hard to predict because

they will be new in his job but in terms of the economy what is the

next step? I think it's fair to say that the most important being that

the lead is will want up the next month but not expect any

significant reforms could take place in the next few years,

because stability is the most important thing and I would look if

you use down the track at a more comfortable position before they

will do that. There will be a series of major reforms including

state-owned enterprises and financial reforms and systems in

place to mobilise more of the labour force. That will be very

important. We will look at the Chinese bottoming out which is good

news. What's the key risk factors for China? Is it in Europe or is it

other things within China? It's a good question, I'd say to risks,

the first is the external demand and exports are about 30% of that

Chinese GDP and the largest exporting zone for China is Europe

and that will pick up and at the same time it's important to

remember that most important thing for the Chi for the Chiomy is

investment. The property market is also very important. The Government

watches that are closely. The property market does not increase

been the Chinese economy may be at Rocca will report further losses

later today. Lockyer may have lost more than $1 billion. That will be

a slight improvement from the previous quarter but the shares

have halved with him last year and many investors warned that it may

go further. Once Rocca was the most popular but their arsenals of the

new models have collapsed. If the losses cannot be stopped, and may

even be heading for the exit. Contrasting mac with the euphoria

of Apple who recently queued up the launch of the latest iPhone and the

fortunes of Samson. The fate of the company in hot is beyond the new

Windows eight. The question is, will it make it into the Christmas

list ahead of its rivals? It will be phenomenal. It will be

interesting to see who wins out. Our that consumers will buy back at

form and what the message from the market is. It will not go on sale

until the start of next month. That has prompted fears that it may fall

even further behind its rivals. On the other end, it claims it's not

just a one phone company, part of the strategy involves a wing

cheaper and sits to developing countries where the low price is

vital. These range of phones similar to the smartphones is only

costing about $80. He is a touch smartphones, good products, low

pricing, and the question of success with this there but is not

just for the Western market but something important in every market

will stop in her quest to save money and now consider selling its

shiny headquarters just outside Helsinki. Aka out and worry not

only about the big losses also order the company's survival. He

it's a very busy day per the earnings. We will be watching to

him making money from its new products we're keen to speak about

What have you look for online, chances are you will use Google to

find it. It dominates the sit Gingin with almost 67% of the

market. At her rings its closest rivals. While the uses speed uses a

suit Gingin, businesses know it's an advertising powerhouse charging

companies every time a click on the link. Him that it can charge is

falling. Concerns investors. What had three consecutive declines and

that will continue in the 4th quarter and in some cases 16% over

the year and that the large number. The number of clicks people pay for

has increased will be compensated to drive the revenue. Stemming the

falling prices may be difficult as more and more people access the

internet on my smartphones making money from it is much harder. We

are less likely to click on the advertisement when we are on the

move. They are not willing to click on that and its immediacy of that.

He it's something like half of the adults. People access the internet

daily. Sometimes they use this mark for more than my PC and it's easier

to reach consumers. To make it better kugel bought Motorola.. They

don't have any intentions of what they can do that yet to deliver new

results. Cool has the threat of the Dead Rock investigation about

whether it demoted its services in its listings. The market is still

growing and the revenue is rising. The challenge for the boss who

recently returned work after illness is simply making the market

make mall. Make some more. It's a very busy day today. No nasty news

from China but markets are all up 0.5%. It's a good session so far

The EU you alluded leaders are meeting in Brussels and Greece a