This is a CBSI on the world. I'm John Bachelor. Headlines in Bloomberg Asia.

China's gloomy economic data paints dire growth picture, dire in quotes. China home price

slump deepens as big cities boost support. China cash squeeze a boon for foreigners snapping up bank bonds.

China shrinks budget deficits again in weak support for growth.

I go to Chris Regal, the CEO of Scholar.com, a global technology firm transforming the

retail space on all occupied continents. This is the scholar report.

Chris is in Amsterdam.

We will speak of Europe in a moment.

But China's headlines on Bloomberg are surprising.

Chris, a very good evening to you.

We've spoken for weeks and months about the declining

prospects for the Chinese economy. Within these last days, the FT has reported the national

document that emerges every year from the Chinese

Communist Party shared the word security or surveillance with the word

reform or growth. In other words China sees its role under Shijinping as a

guarded capitalist state managed I suppose what they'd say. So the hard question for people doing business on all

continents. Can the US, can Europe, can we both grow while China's in decline. Good evening to you Chris.

Good evening, John. Mr. Shee and China is facing economic challenge that all of the debt chickens are coming home to roost.

So the Chinese economy is slowly bleeding out relative to the debt, the real estate crisis.

Mr. She, and asking Mr. Biden for nearly a two trillion dollar bailout needs external

capital to come to China to help correct that problem and to bail the Chinese

government out. But the Chinese government out.

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