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tv   Asia Business Report  BBC News  September 24, 2018 1:30am-1:46am BST

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our top story: washington dismisses claims that the us was involved in an attack on a military parade in iran, that killed 25 people. iran's president, hassan rouhani, has accused us—backed gulf states of supporting the groups behind the attack. a further $200 billion worth of tariffs against chinese goods is about to kick in, as the trade war between the us and china escalates. and this story is trending on social media. ajournalist in saudi arabia has made history by becoming the country's first female news anchor. weam al dakheel presented the main news bulletin for al saudiya, a state—run tv channel. she received praise on social media that's all. stay with bbc world news. and the top story in the uk: police say there's no link to terrorism after a man was arrested at the visitors‘ entrance to buckingham palace. the 38—year—old was stopped by security staff on suspicion
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of carrying a taser. now on bbc news, live to singapore for asia business report. as of noon today, around half of all chinese goods exported to the us will be subjected to president trump's tariffs. will american consumers finally feel the effects of the trade war? and we look at how a small state in india's northeast is kicking off india's northeast is kicking off india's organic produce revolution. hello and welcome to this monday edition of asia business report, i'm sharanjit leyl. edition of asia business report, i'm shara njit leyl. in edition of asia business report, i'm sharanjit leyl. in a few hours, the us will impose its largest set of ta riffs us will impose its largest set of tariffs on products from china. $200
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billion worth of chinese imports into the us will face 10% tariffs. the latest round of taxes mean nearly half of the goods the us buys from china will have tariffs on them. china is hitting back. earlier this year, it imposes duties on some $15 billion worth of american imports, targeting key parts of the political base for trump, such as farmers —— imposed. and this week the chinese commerce agency said it would slap $60 billion more, bringing the total to $110 billion. who will pay the ultimate price for this escalating trade war? 0ur global trade expert said it is consumers, many of whom are loyal to donald trump. a combination of things. american consumers will feel the pinch. household goods, clothing, footwear, and now increasingly consumer
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electronics. certainly companies also are going to increasingly feel the pinch because, as they source components, materials etc through their supply chains, this will also impact the price of their goods. the reality is china is running out of things from the us they can put taxes on, this latest round covers about 70% of american goods going into china. in terms of the tit for tat, how can china now start to counter the us on sheer numbers?‘ few things, number one, they can start making it more difficult for us companies in china to compete, they can make it a more hostile regulatory environment. number two, and this is quite interesting, they can go after iphone suppliers. there's no tariffs on iphones. certainly not before christmas, right, not before consumers do all their shopping in the states. but if their shopping in the states. but if the chinese really wanted to hit
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back, they could go after the things the us is not imposing tariffs on inbound, such as the iphone. that would be very disruptive. in terms of the technology transfers and thoseissues of the technology transfers and those issues that the americans had about protecting intellectual property, this has been key as well, along with the taxes and tariffs, how much damage would that do to china, to restrict them like that? immense. as the zdnet debacles showed, you have major tech companies in china that are dependent on us technology —— zte. policymakers in beijing are trying to get away from that. that will continue for quite some time, though. as the trade war between the world's two largest economies intensifies, what is china's take on the growing conflict? the bbc‘s karishma vaswani reports from beijing. in this trade war, china is stealing itself for a fight. this steel pipe
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factory was originally set up to sell to american customers, but now these products are amongst almost 6000 chinese items on america's $200 billion tariff list. expansion into the us is on hold for now, but the company says it has many other options. what's happened here is an example of what could be happening across the country. the us tariffs have had an impact on some chinese companies, but not necessarily in the way you might expect. sales manager stephen says the us market is just a small percentage of this plant's market is just a small percentage of this pla nt‘s production, market is just a small percentage of this plant's production, and that the trade war could hurt the us more than the chinese. translation: the chinese government will not fall back. if the us begins to target china, it will have a huge impact on us businessmen operating here, not just the chinese. whoever has the stronger will will win. but, for
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now, i still believe china has the ability to control the situation. from china's point of view, the us has also reaped multiple rewards here. looking at the last few decades since the us and china established diplomatic tie, all the us companies are in china, some have a big operation here, some bigger than in the us, you can't say that's not a success. what do they have to complain about? this is coming at a delicate time for the chinese economy, which is slowing down. at a local university we hear how it has some worried aboutjob prospects, and also how it is leading to a rising sense of national pride. translation: china has risen quickly over the last few decades and has ca ptu red over the last few decades and has captured the attention of the world, that's why the us wants to suppress us. that's why the us wants to suppress us. china has given a strong response to the us so i believe my country has the ability to withstand this. this is the new china, rich and
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confident. a country that wants to show off its economic success. despite all the criticism, this is a success despite all the criticism, this is a success china feels it has worked ha rd success china feels it has worked hard for and will not surrender easily. karishma vaswani, bbc news, beijing. all this week we're taking a closer look at how technology and innovation are changing the way people in india work and live as pa rt people in india work and live as part of a special series called reinventing india, looking at some of the biggest changes india has seen of the biggest changes india has seen over of the biggest changes india has seen over the past decade. two years ago, a small state in the northeast, was declared as the country's northeast, was declared as the cou ntry‘s fully northeast, was declared as the country's fully organic state, and since then prime minister modi's government has been trying to promote chemicalfree government has been trying to promote chemical free farming nationwide. will their organic revolution be able to reinvent agriculture across india? yogita limaye travelled near to the capital to find out. for nearly a decade now, no
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chemicals have been used in these fields. the rice that will be harvested here will be organic, as will all the produce grown across the state of sikkim. it isn't easy convincing the farmers to make the switch. this one said that when the government decided all farming should go organic in 2003, he was among many who were opposed to the idea. translation: the first two or three years after we stopped using chemicalfertilisers, the harvest dropped. we were worried and we told the government this wouldn't work, but after a few years the yield increased back to where it used to be. anyone using pesticides in the state could be fined or might even be sent to jail. sikkim's agricultural secretary tells me why the government was so keen to go chemical free. translation: we wanted to fight climate change, cut down on carbon
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emissions and preserve our biodiversity and environment. sikkim is in india's northeast, an often overlooked part of the country. until earlier, this small state was only really known for these beautiful himalayan mountains, but now the organic fields are attracting the attention. but can it go furtherfrom here attracting the attention. but can it go further from here to other parts of india? since it went chemical free, the state has seen a 70% rise in the number of visiting tourists. so far, sikkim doesn't grow and the food to be sent elsewhere in the country, but the demand for chemical free food is growing across india. this isa food is growing across india. this is a market 2500 kilometres south—west of sikkim in the city of pune. since last year, organic farmers in the region have been selling their produce here. i think we could easily say that the growth has been at least 100% from last year to this year. it took more than 12 years for
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sikkim to become fully chemical free, and it's one of india's smallest and least populous states. for the organic revolution to spread more widely across the country, hundreds of millions of farmers will need to be convinced. yogita limaye, bbc news, sikkim. let's look at the other important business economic events that we're watching all this week. later today google will hold an event to mark the 20th anniversary of the search engine, can you believe it has been 20 years? on tuesday, nike will report its first quarter fiscal earnings, an important one to watch as competition has been intensifying in the athletic apparel and footwear market. also on tuesday we will see the start of the two—day meeting of the federal open market reserve and it will be interesting to see if they raise interest rates again. midweek, the china train will make its debut on the hong kong stock exchange.
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they've already raised about $1 billion in its initial public offering —— chain. on friday it is the deadline for the us to decide whether it will sign a deal to reva m p nafta. let's look at the markets, said it would be a busy week but not so busy injapan, china and hong kong. those markets are closed today for the midautumn festival ash i said. australia already flat, some of the miners being weighed on because iron ore prices have declined —— i said. that's it for the programme. thanks for watching. you're watching bbc news. a reminder of the headlines this hour: washington has dismised claims from the iranian president that the us was involved in an attack on a military parade in iran that killed 25 people. a further $200 billion worth of tariffs against chinese goods is about to kick in, as the trade war between the us and china escalates. millions of viewers tuned
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in last night for the final installment of the hit bbc drama, the bodyguard. the programme, based around a close protection officer's relationship with a fictional home secretary, has prompted a big increase in people interested in similar work looking at the met police's website, with more than 1,000 visits a week. danny shaw reports. he's talked down a suicide bomber, been shot at in a car, and duffed up a government advisor. agh! all in day's work for a close protection officer? here's one man who should know. i have protected theresa may when she was home secretary, you're right, and it is nothing and was nothing like what david budd did. agh! the way we operate is not quite like david budd, who seems to be operating independently! so independently, he even has an affair with the home secretary. that's not realistic at all!
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anybody who crosses that line would not last very long within the department, and might not last very long within the police service. but the met police wants to capitalise on the popularity of bodyguard. there's been a surge of interest injoining the force. it needs to recruit detectives and technology experts. it's about encouraging people to have an ambition, dream big, and, actually, some day you could be protecting her majesty the queen, or protecting the home secretary. but you're not going to get that instantaneously. one feature of the programme is the large number of senior female officers and detectives from black and minority ethnic groups. it takes some doing... the reality is rather different. they're in a minority, as this asian counterterrorism detective told me. she doesn't want to be identified because of the sensitive nature of her role. women and bme officers are in every rank and every specialism in the police service.
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so it's not a rare thing. we do have senior female officers, we also have senior bme officers. but we still do need more diversity, without a shadow of a doubt. the character of david budd makes great tv and may inspire some potential recruits, but he's no substitute for a real close protection officer. it's not about making waves — they have to stay in the shadows. danny shaw, bbc news. plenty more on all the stories we've been covering of course on the bbc news website. and you can get in touch with me and most of the team on twitter, i'm @babitabbc. we would love to hear from you. lewis born jones we would love to hear from you. lewis bornjones is here with the rest of the day's news in 15 minutes' time —— lewis vaughan jones. now on bbc news, sport today. hello, i'm chetan pathak and this is sport today,
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live from the bbc sport centre. coming up on this programme: he's back with his first victory in 5 years. tiger woods wins the season ending tour championship. 10 million reasons to be happy. justin rose wins the overall fedex cup to take home the mega money prize. and cristiano ronaldo is back among the goals forjuventus, as the italian champions leave it late, but win again. hello and welcome to the programme. a year ago he wasn't sure if he'd ever return to golf after back surgery, now, five years after his last pga tour victory, tiger woods is finally a winner again after digging in on the final day to win the season—ending tour championship. the 1a time major champion shot a one over 71, but still finished

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