this speech outlines how america helps to minimise the drama between the roads two biggest economies and what is a presidential election year. we aim to make a communication resilience and when we disagree, when shocks occur, with this from leading the escalation and her remarks calmness by the administration is continuing its review of the tariffs that donald trump imposed more than $300 billion worth of chinese goods to decide whether or not any changes should be made. it did not address the tariffs directly but this of the us is that seeking to decouple from china. by the administration will continue to press china for economic policies responding to local economic

debt and getting financial regulations and co—ordinate in the event of an economic shock. slowly emerging as a key player in the biden administration handling of this challenging relationship to the two superpowers. planning to visit china again next year, second visit sincejuly. a major faultline between washington and beijing is the race to develop advanced semiconductors. chips power everything from smartphones to high—end military equipment and are increasingly seen as crucial to the global economy. some countries, led by the us, have been trying to stem china's progress in the sector. this week, south korea and the netherlands, two key nodes in the global chip supply chain said they are partnering up. the announcement came during a state visit

by the south korean president to netherlands. our two countries have decided to establish semiconductor alliance encompassing governments, businesses, and universities. the netherlands, the world's largest producer of semiconductor equipment, and south korea, a semiconductor manufacturing powerhouse, hold a key position in the global supply chain. by combining each other's strengths, we want to maximize the effectiveness and value of our cooperation in. on semi—conductors. earlier i spoke to tech expert ray wang who told me that restrictions on chip exports to china are having a limited impact. this is been a limited and putting _ this is been a limited and putting it in the hands of china _ putting it in the hands of china versus what is been going on in _ china versus what is been going on in terms of industrial level espionage and the processes used — espionage and the processes used on _ espionage and the processes used on the phone for them showed _ used on the phone for them showed exactly what is happening, even though there is a ban _ happening, even though there is a ban on — happening, even though there is a ban on this technology of the

export— a ban on this technology of the export controls are not working we have — export controls are not working we have major leaks the organisations in the us and it is slowing china down but it's not slowing down fast enough from — not slowing down fast enough from the _ not slowing down fast enough from the us perspective it is creating _ from the us perspective it is creating a lot of international hevoc— creating a lot of international havoc among trading partners in europe — havoc among trading partners in europe and trading partners and trading — europe and trading partners and trading partners in asia. it is amazin: trading partners in asia. it is amazing that _ trading partners in asia. it is amazing that they _ trading partners in asia. it 3 amazing that they managed to produce that ship with all of these controls in the agreement that south korea and the netherlands, house agendas that. is netherlands, house agendas that. , . netherlands, house agendas that. is a positive development in bein: that. is a positive development in being banned _ that. is a positive development in being banned from _ that. is a positive development in being banned from the - that. is a positive development i in being banned from the market inside _ in being banned from the market inside china needed a market access— inside china needed a market access into the creation of a non-china _ access into the creation of a non—china markets important for this and — non—china markets important for this and the samsung relationship which is about 7 million — relationship which is about 7 million euros deal is 755 million _ million euros deal is 755 million has facilitated trade deals— million has facilitated trade deals where us partners are trying — deals where us partners are trying to— deals where us partners are trying to work with other us partners _ trying to work with other us partners so they do not lose out on — partners so they do not lose out on the chinese market in terms — out on the chinese market in terms of— out on the chinese market in terms of revenue by opening up

new markets that are not. how do ou new markets that are not. how do you see _ new markets that are not. how do you see 2024 _ new markets that are not. time" do you see 2024 shaping up for the global supply chain and the consists of my conductors? the semi conductor _ consists of my conductors? the semi conductor market is very hot to— semi conductor market is very hot to consider reflecting on the stock prices and terms of evaluations but it's important to understand that not all chips _ to understand that not all chips are created equal, during demand — chips are created equal, during demand it— chips are created equal, during demand if they're going to be in hot — demand if they're going to be in hot demand and the cubs generative aia to provide the capabilities and other chips are not— capabilities and other chips are not as hot, and organisations of google and microsoft and amazon all shipping and then there are going — shipping and then there are going to _ shipping and then there are going to benefit and be the leader— going to benefit and be the leader of the market. as demand skyrockets. _ leader of the market. as demand skyrockets, the _ leader of the market. as demand skyrockets, the demand - leader of the market. as demand skyrockets, the demand for- skyrockets, the demand for those lagging ships, even our microwaves is not going away

and so, smaller economies can benefit from that still?- benefit from that still? there are still opportunities - benefit from that still? there are still opportunities for - are still opportunities for industrial grid chips but the emphasis is on the ai chip and overall. — emphasis is on the ai chip and overall, that means companies like a _ overall, that means companies like a snl— overall, that means companies like a snl and companies that are producing the chips and this, — are producing the chips and this, they're in good positions as the — this, they're in good positions as the world becomes more digital— as the world becomes more digital and electronic and more crazy— digital and electronic and more crazy about al. now, 2023 is quickly drawing to a close so lets turn our focus to the coming new year and what it holds for consumers across asia pacific. according to the mastercard economics institute, we will have more spare money to spend on some of the good things in life such as travel and other forms of entertainment. earlier i spoke to mastercard s chief economist for asia pacific, david mann, who told me more about what 2024 holds in store for us. we are expecting to see into iess— we are expecting to see into less than— we are expecting to see into less than 24 that will be coming _ less than 24 that will be coming out of the very disorientating type of economic environment that the road it's

been — environment that the road it's been in — environment that the road it's been in since 2020, the tail end — been in since 2020, the tail end of— been in since 2020, the tail end of the ripple effects from covid-i9 _ end of the ripple effects from covid—19 will finally be ending mustard — covid—19 will finally be ending mustard to see more of is going to be _ mustard to see more of is going to be the — mustard to see more of is going to be the reality than the type of normal patterns in the press, _ of normal patterns in the press, 19 environment having shaken — press, 19 environment having shaken off a lot of the big swing _ shaken off a lot of the big swing factors that are still playing _ swing factors that are still playing out today, high access savings — playing out today, high access savings in certain economies of not yet — savings in certain economies of not yet been used up in high levels — not yet been used up in high levels of— not yet been used up in high levels of inflation and the cost — levels of inflation and the cost of _ levels of inflation and the cost of living is coming down we've — cost of living is coming down we've artie been seen clear signals— we've artie been seen clear signals from central banks that are more — signals from central banks that are more likely to be reducing interest— are more likely to be reducing interest rates rather than raising _ interest rates rather than raising them and we can get more — raising them and we can get more relief to consumers and the drop in the rate of increases in the price of essentials and goods in particular are external traders been — particular are external traders been so — particular are external traders been so weak this year and were hoping _ been so weak this year and were hoping that will be improving

in 2024 — hoping that will be improving in 2024 and therefore, the manufacturing sector will start to look — manufacturing sector will start to look better and services which _ to look better and services which has been doing well, particularly in travel and tourism _ particularly in travel and tourism around the region and i will still— tourism around the region and i will still be growing at a reasonable rate at the two may start _ reasonable rate at the two may start to — reasonable rate at the two may start to conduct better towards each other as we head towards that post—covid—19 well, it's a different story over in europe where consumers have been reluctant to spend money. my colleague aaron heslehurst has been talking tojp morgan's chief economist bruce kasman and he began by asking him whether consumer spending in europe could make the difference between global growth and a recession next year. i think the central bank community doesn't needed to get all the way back before they can consider the whole of 2024 we get — can consider the whole of 2024 we get a — can consider the whole of 2024 we get a substantial one, when the brinks _ we get a substantial one, when the brinks underlying inflation

below— the brinks underlying inflation below 3% and give central banks the confidence to get into it and — the confidence to get into it and that— the confidence to get into it and that looks like a reasonable scenario but by no means — reasonable scenario but by no means for— reasonable scenario but by no means for sure that it's going to happen and that is the key question— to happen and that is the key question of 2024.— to happen and that is the key question of 2024. when it comes to consumer _ question of 2024. when it comes to consumer spending, _ question of 2024. when it comes to consumer spending, what - to consumer spending, what differences do you see in different parts of the world? because it continues to be pretty strong in the us, but the difference between growth and recession?—

the difference between growth and recession? there are. let's 'ust and recession? there are. let's just look at _ and recession? there are. let's just look at the _ and recession? there are. let's just look at the increased - just look at the increased spending in real terms, just look at the increased spending in realterms, it's increased _ spending in realterms, it's increased spending some of it is physical transfers in getting better off but a lot of it is it's been much the hope is it— it is it's been much the hope is it is— it is it's been much the hope is it is coming down, and elevating in the hope is to begin— elevating in the hope is to begin picking up we saw this in guarter— begin picking up we saw this in quarter and the area and clearly, _ quarter and the area and clearly, the weak link in the global— clearly, the weak link in the global economy as we have gone through— global economy as we have gone through the past. it was a year in which every region in the world — in which every region in the world except for western europe, western europe is by far the — europe, western europe is by far the weak link in the biggest to the global expansion. and you can see more of that interview and a look at what s in store for the global economy next year, on talking business weekly this weekend right here on bbc news the first

airing here in the uk is at 1130pm on saturday and in the rest of the world its on from 2230gmt on friday. and that's it for this edition of asia business report. thanks for watching. bringing you different stories from across the uk. for 70% of the world's population, this is what doing the laundry looks like. women and children spending hours each week scrubbing by hand. so this is the solution a flat pack manual washing machine being built in corby. british engineer naff was inspired by a visit to southern india and they wash with cold water and they wash with cold water in buckets on the floor, causing back pain, joint pain and skin irritation without machine. it saves 75% of time and 50% of water compared to hand washing clothes. and here it is from flatpack to fully assembled. so you open the lid,

put your clothes inside, you put your water and your laundry detergent in here, close the lid. and of course, the most important bit is how you operate it using a handle. and once your clothes are clean, the dirty water comes out here. over 100 staff from this component supplier have volunteered their time to build the machines. so far, 180 machines have been sent to 15 countries, giving thousands of women and girls their time back. for more stories from across the uk. head to the bbc news website. hey, i'm julia with the catch up tonight. the latest for your money. the premier league makes history and the bbc lift strikes again. but first, a teenager who's been missing for six years has been found in france. alex batty is from 0ldham and he went missing with his mum and grandad when they

went to spain in 2017. they haven't been located, but they've been wanted in connection with his disappearance ever since. alex has now been in contact with his grandma via facebook. he's with social services, waiting for british police to take him home to england. the amount of 18 to 24 year olds who smoke has gone up since the pandemic. for two decades there had been a steady decline of smokers in the uk, but that's almost ground to a total halt. researchers say it's probably because people have been more stressed and isolated. some other stories now interest rates, aka the amount it costs to borrow money, will stay the same for now. that's a decision by the bank of england, but they're still the highest they've been for 15 years at 5.25%. and the premier league is about to have its first female referee. rebecca welsh will take charge of the fulham versus burnley match on the 23rd of december. that's after she was the first woman

to referee a men's championship game earlier this year. and we'll leave you with 10 seconds of yet more famous faces getting stuck in the lift at the bbc. yes, it victimised conservative politician michael gove last year and then on wednesday stephen fry and sheridan smith got stuck minutes before they were meant to appear on the one show. usually if i get stuck in the lift, i assume it's my weight. but this is a goods lift, so i don't know what went wrong. we really need to do something about that. you're all caught up now. see you.

hello and welcome to sportsday — i'm lizzie i'm lizzie greenwood—hughes, the headlines

brighton score late to beat marseille to an automatic place in the last 16 of the europa league. it's a lifetime ban for the former turkish football president who punched a referee. and a perfect double for dujardin as britain's greatest ever dressage star cleans—up in london. so lots to get through, and we're starting with a busy night of european football. and all four british sides topping their groups in the europa league. brighton were celebrating after a very late goal at home to marseille meant they beat them to an automatic place in the last 16. it finished 1—0 at the amex. brighton willjoin west ham, who also topped their group after beating freiburg 2—0. rangers — who beat real betis to keep sparta prague in second place — and liverpool — who went through regardless of their defeat to union saint gilloise. elsewhere, villarreal beat rennes, which means they take the top spot in group f. but despite winning tonight, roma will have to play off after slavia prague stayed top of their group. liverpool were already safely through, which gave the managerjurgen klopp

the opportunity to give some of his star names a rest and take a look