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tv   Business Today  BBC News  May 27, 2024 2:30am-2:46am 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 cope with stage fright. 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 — theirfirst 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 one—on—one. i spoke to bates gill, senior
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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 important just 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 get your thoughts on trade which is an area that could be mutual benefits for all three parties involved. what are the priorities? that is where the three countries have the greatest self—interest for continuing cooperation and they represent
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a significant 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 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 us have a factor in all of this, how does that play a part? the united states put pressure onjapan and south korea to limit these cutting—edge technological investments and flow of trade into china.
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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 alignjapan 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 lee 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 we've just got china's latest
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industrial profit numbers out. for the first four months of the year, earnings at large scale chinese companies rose 43% for april. offers rows 4%. better than march. industrial firms have seen their profits getting squeezed amid weak domestic demand and persistent deflation. sticking with china, later this week we'll also get a reading on manufacturing activity in the world's number two economy. i spoke to anne stevenson—yang from thej capital research advisory firm, who explained why she's not confident the country will hit its growth target for the year. they would like to bring sentiment of the measures they have announced really mean that the government becomes the buyer of last resort and of a tiny fraction of the inventory on the market. the problem is you have this massive number of other sold apartments and abandoned apartments and you
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already have 96% ownership in china, there was no place to go with it. somebody has to take the loss and that has to be admitted. the loss and that has to be admitted-— the loss and that has to be admitted. , ., admitted. something else of concern is — admitted. something else of concern is the _ admitted. something else of concern is the us _ admitted. something else of concern is the us recently i concern is the us recently announced china's ev is, how big concern that for the leaders in beijing given the e sector is not of the right spots? it sector is not of the right sots? , ., ., spots? it is one of the right sots spots? it is one of the right spots are — spots? it is one of the right spots are not _ spots? it is one of the right spots are not a _ spots? it is one of the right spots are not a really - spots? it is one of the right spots are not a really big i spots are not a really big category for the us. i think the tariffs would not make a huge difference to china but symbolically it is important, it is the way the us government is declaring to the world they will not go through another 19905 decade of china taking over the us industry. not sure it is the most effective strategy but it is a strategy, signalling more than anything else. ., ., ., ~ , , else. you do not think the gdp taruet of else. you do not think the gdp target of 5% — else. you do not think the gdp target of 596 was _ else. you do not think the gdp target of 596 was realistic - target of 5% was realistic given the current trajectory. what look for in the ahead in china that will give you an indication of how the economy is performing? the
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indication of how the economy is performing?— is performing? the private sector needs _ is performing? the private sector needs to _ is performing? the private sector needs to get - is performing? the private sector needs to get a - is performing? the private| sector needs to get a boost here and there was no indication that is happening. look at south—east asia, taiwan. you have thousands of little businesses all over the place, everybody having a loan of $500 to start a little soymilk business. that is what china needs are not what china is doing, they are going to state owned enterprises which are wasteful. let's take a look at some other events on the economic calendar this week. later on monday, we'll get a snapshot on how the hong kong economy is performing, with trade figures due for the month of april. the financial hub is trying to restore investor confidence after passing a controversial security law earlier this year. midweek, we'll get the latest trade stats from vietnam. the south—east asian country has been experiencing a political upheaveal following the exit of its president and several senior officials. on friday, we will find out how much taiwan's economy grew in the first quarter. the self—ruled island elected a new leader earlier this year.
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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 artists prepare for the big moment. they are ready for you. good luck. thank you. your heart is 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 sings.
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some say it takes 10,000 hours of practice to become an expert. and forjosephine, this performance is part of that journey as she blows our socks off with a rendition of sweeter than roses to a very unusual audience. i have always loved singing. my parents say i was a bit of an annoying child growing up and i was making a lot of weird noises and apparently would hum myself to sleep. eventually they thought they should put that into something useful and got me singing lessons. you get nervous? how do you get over them? all the time. getting over them is a tricky balance.
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sometimes the adrenaline helps. you don't want the nerves to affect your singing or your technique if you get tense. researchers here at the royal college of music in london 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 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' stress response to performance can be as powerful backstage as it is on stage, the anticipation of performance hits. 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
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physically and mentally into a place where they are ready to walk on stage and give the best performance. 0nce students are on stage, george can control everything. he can change the venue, he can change the reaction to make the night go as well or as 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 acoustics, which forces you to change your performance. always good to practise however you are able to. if you want to find out more about that show, you can log onto the bbc
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iplayer and see the whole thing. the queue for your company. —— thank you for your company.
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hello and welcome to sportsday. 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.
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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. hello there and welcome along to sportsday. southampton have been promoted to the premier league after winning the championship playoff final at wembley. they beat leeds 1—0 in a match between two teams hoping to return to the top flight at the first attempt in what's called the richest game of football. joe lynskey was there. such a painful match to lose, the championship play—off final when 90 minutes can really shape the future of the club. southhampton is going back up to the premier league and leeds united will stay for at least another season in the championship.
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for this occasion it was typically tense and settled by a single moment.

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