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tv   Business Today  BBC News  May 27, 2024 1:30am-1:46am BST

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the leaders of china, japan and south korea are in seoulfor their first trilateral summit since the pandemic. and we explore how technology is helping musicians perform under pressure. hello and welcome to business today. i'm steve lai. the leaders of china, south korea and japan have gathered in seoul for a trilateral summit — their first meeting in more than four years. ahead of that, south korea's president yoon suk yeol met separately with china's premier li qiang on sunday, where they agreed to resume talks on a free trade agreement. japan's prime minister fumio kishida and li qiang also had a meeting. according to japanese media, kishida asked that china lift its ban on imports of japanese seafood during that
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one—on—one. i spoke to bates gill, senior fellow at the national bureau of asian research, who laid out his expectations for the summit. obviously it is very important gathering of these three important east asian countries. the first time they have met in a number of years. the summit itself is importantjust for symbolism and effort on the part of these three countries who had serious differences among them to sit down and meet. my expectations are relatively low. i think it is more symbolism and rhetoric than any actual breakthroughs on serious differences that continue to divide the countries, particularly between china and us allies south korea and japan on the other. to china and us allies south korea and japan on the other.- and japan on the other. to get our and japan on the other. to get your thoughts _ and japan on the other. to get your thoughts on _ and japan on the other. to get your thoughts on trade - and japan on the other. to get your thoughts on trade which i and japan on the other. to get| your thoughts on trade which is an area that could be mutual benefits for all three parties involved. what are the
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priorities?— involved. what are the priorities? involved. what are the riorities? . , priorities? that is where the three countries _ priorities? that is where the three countries have - priorities? that is where the three countries have the - three countries have the greatest self—interest for continuing cooperation and they represent a significant proportion of global gdp and global trade. proportion of global gdp and globaltrade. but proportion of global gdp and global trade. but that will not change, particularly. there are critical issues, for example on export controls and limitations that south korea and japan have placed on the export of high—end technologies and high—end technologies and high—end technological investment inside china. china would like to see those lifted for a little more open and free flow of semiconductors and other cutting—edge technologies. that is what china would like to see but i suspect that japan and south korea will be reluctant to open those gates much further than they already are. the those gates much further than they already are.— those gates much further than they already are. the us have a factor in all _ they already are. the us have a factor in all of _ they already are. the us have a factor in all of this, _ they already are. the us have a factor in all of this, how - they already are. the us have a factor in all of this, how does i factor in all of this, how does that play a part?— that play a part? the united states put — that play a part? the united states put pressure - that play a part? the united
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states put pressure on - that play a part? the united| states put pressure on japan states put pressure onjapan and south korea to limit these cutting—edge technological investments and flow of trade into china. i suspect that washington will be listening carefully to see whether or not larger security related issues are brought up into the public eye among these countries. and i think the united states will also be watching to see whether or not it's effort to align japan and south korea more closely with one another and with the united states on security issues remains the case as part of discussions with china. i suspect they will. chinese premier li qiang also met with samsung electronics' boss jay y li on sunday. li stressed the need for further investment by the south korean tech giant, which has already invested $24 billion in china over the past six years. samsung's china business though has been facing challenges, after the us imposed export controls aimed at cutting off china's access to samsung's cutting—edge chips
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staying with china, we have a number of economic data points due this week. in a few hours, we'll get industrial production figures for april. and later this week, we'll get a reading on manufacturing activity in the world's number two economy as well. i spoke with anne stevenson—yang from thej capital research advisory firm, and asked her what she's expecting from those data points. china is targeting over 5% for gdp growth and yet government revenue is in decline, loan demand is in sharp decline and capital outflow is increasing and property transactions are down. so, you know... . it is not compatible with 5% growth but that is what they are reporting. but that is what they are reporting-— but that is what they are re ”ortin . ., reporting. the government announced _ reporting. the government announced measures - reporting. the government announced measures to . reporting. the government - announced measures to support the property sector as well, another area of concern. do you see any progress they are? the? see any progress they are? they would like _ see any progress they are? they would like to _ see any progress they are? they would like to bring _ see any progress they are? tue: would like to bring sentiment outs before the meeting injuly but the measures they have
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announced reallyjust mean that the government becomes the buyer of last resort and have a tiny fraction of the inventory on market. the problem is you have a massive number of unsold apartments and abandoned apartments and abandoned apartments and abandoned apartments and you already have 96% ownership in china. there is no place to go with it. somebody has to take the losses and that has to be admitted. something else of concern is that the us recently announced tariffs on china's tvs. how big a concern is that for leaders in beijing given that the ev sector is a bright spot for the country? it sector is a bright spot for the count ? , , , ., ., country? it is but it is not a big category _ country? it is but it is not a big category for— country? it is but it is not a big category for the - country? it is but it is not a big category for the united | big category for the united states and i think tariffs will not make a huge difference to china but symbolically it is important. it is the way the us government close to the world that they were not going to go through another 19905 decade of china taking over us industry. i'm not sure it is the most effective strategy but it is a
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strategy. more 5ignalling than 5trategy. more 5ignalling than anything else. strategy. more signalling than anything else-— anything else. you mentioned ou did anything else. you mentioned you did not — anything else. you mentioned you did not think— anything else. you mentioned you did not think the - anything else. you mentioned you did not think the target i anything else. you mentioned you did not think the target of 5% was reali5tic given current trajectory. what will you be looking out for in china that will give you an indication as to how the economy is performing?— to how the economy is performing? to how the economy is erforminl? , ., , . ., performing? the private sector needs to get — performing? the private sector needs to get a _ performing? the private sector needs to get a boost _ performing? the private sector needs to get a boost here - performing? the private sector needs to get a boost here and| needs to get a boost here and there is no indication that thati5 there is no indication that that is happening. look at southeast asia, taiwan. thousand5 southeast asia, taiwan. thousands of little busine55e5 all over the place with everybody having a loan of $100, $500 to start a little bu5iness. $100, $500 to start a little business. that is what china needs but it is not what china is doing. loan5 needs but it is not what china is doing. loans are going to state owned enterprises which are very wasteful. let's take a look at some other events on the economic calendar this week. later on monday, costco will reveal its latest quarterly results on thursday. the wholesale retailer has been under the spotlight for reportedly hiking prices of premium good5 like olive oil. that's the same day we'll get results from dell. as with its tech peers, the computer maker recently
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5howca5ed plans to integrate artificial intelligence with its devices. performing on stage can be a nerve racking experience. the bbc click�*s spencer kelly visited the royal college of music to see how a new performance laboratory is using technology to help arti5t5 prepare for the big moment. they are ready for you. good luck. ., ~ they are ready for you. good luck. . ,, , ., they are ready for you. good luck-_ your - they are ready for you. good luck._ your heart l they are ready for you. good l luck._ your heart is luck. thank you. your heart is racina. luck. thank you. your heart is racing- the — luck. thank you. your heart is racing. the adrenaline - luck. thank you. your heart is racing. the adrenaline is - racing. the adrenaline is flowing. thi5 racing. the adrenaline is flowing. this is your moment. it is time to conquer your nerves, face the crowd and let all that practice pay off. she
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sings. some say it takes 10,000 hours of practice to become an expert. and forjo5ephine sure this performance is part of thatjourney this performance is part of that journey as she this performance is part of thatjourney as she blow5 our socks off with a rendition of sweeter than ro5e5 to a very unusual audience. sweeter than ro5e5 to a very unusualaudience. t sweeter than roses to a very unusual audience.— sweeter than roses to a very unusual audience. i have always loved singing- — unusual audience. i have always loved singing. my _ unusual audience. i have always loved singing. my parents - unusual audience. i have always loved singing. my parents say . unusual audience. i have always loved singing. my parents say i | loved singing. my parents say i was a bit of an annoying child growing up and i was making a lot of weird noi5e5 growing up and i was making a lot of weird noises and apparently would harm myself to sleep. eventually they thought 5leep. eventually they thought they should put that into something useful and got me singing le55on5. something useful and got me singing lessons.— singing lessons. you get nervous? _ singing lessons. you get nervous? how _ singing lessons. you get nervous? how do - singing lessons. you get nervous? how do you i singing lessons. you get| nervous? how do you get singing lessons. you get - nervous? how do you get over them? mi nervous? how do you get over them? �* , them? all the time. getting over them _ them? all the time. getting over them is _ them? all the time. getting over them is a _ them? all the time. getting over them is a tricky - them? all the time. getting. over them is a tricky balance. you don't want the nerves to affect your 5inging
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you don't want the nerves to affect your singing or your technique if you get ten5e. researchers here at the royal couege researchers here at the royal college of music in london say that practising and then performing i5 that practising and then performing is very different to practising performing. so while it is difficult to get regular access to the real theatres and venues they can simulate the venue5 they can simulate the experience here in their performance laboratory. and that simulation begins before they step out into the lights. one thing we learned from our research is that bodies 5tre55 research is that bodies stress response performance can be as re5pon5e performance can be as powerful backstage a5 re5pon5e performance can be as powerful backstage as it is on stage is the anticipation of performance hit5. thi5 stage is the anticipation of performance hit5. this helps us to tailor training to make sure we are not only preparing them for what happens on stage under the lights and in front of the audience but also how they cope backstage. how do they manage anxiety and get themselves physically and mentally into
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place where they are ready to walk on stage and give the best performance. walk on stage and give the best performance-— walk on stage and give the best performance. once students are on state, performance. once students are on stage, george _ performance. once students are on stage, george can _ performance. once students are on stage, george can control. on stage, george can control everything. he can change the venue, he can change the reaction to make the night go as well or is badly a5 reaction to make the night go as well or is badly as he wants. the performance laboratory is running an unreal engine. each member of the audience is an individual videogame character. they all behave independently and they do not always show up. i got lucky tonight. what is interesting about the space is that there are 64 speakers in the walls and ceilings so if you change the venue that changes the acou5tic5 which is forces you to change your performance. ai validation. there may be a market in that for us all. coming up in the next hour we get industrial production data from china and we will be back with more on
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that later on.
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hello and welcome to sport5day — i'm hugh ferris. our top stories. southampton go marching up to the premier league. they win the so—called richest game in football and promotion from the championship. prince charles of monaco. leclerc wins his home grand prix for the first time. and the kolkata knight riders win the ipl title for a third time, leaving their opponents firmly in the rear view mirror.

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