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tv   Asia Business Report  BBC News  November 13, 2019 1:30am-1:45am GMT

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a senior police officer in hong kong has warned that the unrest has brought the territory to "the brink of total breakdown". in the latest clashes between police and pro—democracy protesters, the violence spread to a university campus. tear gas, rubber bullets and a water cannon were used against the demonstrators. raging bushfires have damaged properties across parts of australia and briefly spread to suburbs of sydney. the catastrophic day feared by forecasters has largely been avoided, but 7a uncontained fires are still burning in new south wales. and these pictures are getting a lot of attention on bbc.com. a meteor has been sighted, blazing through the night sky over the us state of missouri. footage was captured on security cameras as it made its dramatic appearance. that's all. stay with bbc world news.
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more on our web site bbc.co.uk/news and the news app. now on bbc news live to singapore for asia business report. trumpet‘s trade war. the us president claims a deal could come soon. that's right ash financial markets shrug. —— trump's trade war. how africa's swine flu is having a very real impact on dining tables. good morning and welcome to asia business report live from singapore with me, mariko oi. let us start with me, mariko oi. let us start with the us— china trade war because
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president donald trump has been speaking at an event hosted by the economic club of new york. he talked about his perceived economy accomplishments to a relatively receptive audience including gains on financial markets and trade policy with china. take a listen to what some audience members had to say. mr president, podium is yours, sir. he actually covered a lot more thanl sir. he actually covered a lot more than i thought. i thought it would be 20 minutes but it was an hour. will most of you people wouldn't know these numbers because most of you are not very active in the market. but since my election, the s&p 500 is up over 45%, the dow jones is up over 50% and the nasdaq is up 60%. slightly more. jones is up over 50% and the nasdaq is up 6096. slightly more. applause full stop i thought it was very inspirational, positive and up eight. finally america stands for america. the theft of american jobs is over, they understand that. my administration has taken the toughest ever action to confront
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china's trade abuses. the two big countries meet each other. all the successes countries meet each other. all the successes he achieved, i think it is great for america. our economy is probably the best it has ever been and we want to keep it that way. thank you all very much, thank you. well, markets had been on edge about mr trumpet‘s highly anticipated remarks but barely moved after the announcement. —— mr trump's. they closed where they opened and that rarely happens. that is why it is empty because it cannot register the change was up in asia, asian markets are reacting in a very similar way. we have the latest from new york. president trump was saying in that clip there that we could be close to
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a trade deal being signed but i really feel as if we have been here before. a few weeks ago, we were all glued to a press conference in the oval office in washington. president trump was there saying we were close toa trump was there saying we were close to a phase one trade deal being signed and a lead chinese negotiator was also happy with progress being made. fast forward to this week, we are supposed to be seeing that phase one deal signed at the apec meeting in chile but it was cancelled. we haven't got any details from president trump in that speech today oi’ president trump in that speech today or elsewhere about where an alternative time and place has been found to sign battery deal which really indicates to me that not much progress has been made. staying with the trade war because in less than a week, the us is expected to impose its ban on china's huawei. dad has been moved several times if you remember to allow companies like google to adjust to the new rules. washington blacklisted the chinese tech giant back in may, citing national security concerns. the move isa
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national security concerns. the move is a major blow to huawei's ambitions to lead the rollout of the fifth—generation internet or 5g, around the world. as we continue our look at the rivalry between the us and china, we are looking at the race to dominate 5g networks. natasha from the low interest to jude tells me why it has been so politicised. one of the reasons we talk people talk about this major power condition is a new cold war is because in the last cold war there was an arms race so technology has been politicised but really, i think you have seen this direct clash between what the united states sees as its national security priorities and the competitiveness of its technology giants, compared to what china say is its national champion. in the context of that competition, technology has actually become a political tool. but is that a good idea? because china brought forward the nationwide launch of the 5g network. but it is this rush to
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deploy this technology, is it possibly a risk? absolutely does not 5g will be so important and i think that the idea of companies rushing to be the first to deploy before some of the foundational technologies are ready, before the standards are agreed on, it is absolutely a danger in terms of cyber security. also i think china has brought forward its timeline but at the moment you have huawei claiming it is leading the world in terms of 5g technology. on some level, that is true. what it has about 30% of market share at the moment was up nokia and ericsson and samsung, they are all catching up. another company is displaying impressive 5g invention this is not a zero—sum game, by any means. speaking of trade disputes because india's prime minister and arranger modi is at the brics summit. the country pulled out of a trade
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partnership which is said to become the world's biggest trade pact. no arranger modi and xi jinping expected to talk trade when they meet? —— narendra modi. expected to talk trade when they meet? -- narendra modi. that is what they would like to do but they will be the elephant in the room. janet would certainly want to —— china would certainly want to —— china would certainly want to —— china would certainly want to because it has been pushing for more access to india markets and that is something india markets and that is something india has been resisting and that is one of the main reasons india also walked out of the negotiations when it was coming to the trade talk. —— the trade agreement. india has been wanting to give more —— india's thinking is that if they let china more access, it will allow cheaper chinese alternatives and it will hit their own market. what this does is during their bilateral meeting at brics, it could add to the existing
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baggage between india and china when it comes to trade because remember there are several outstanding issues, especially on that trade deficit which is heavily tilted in favour of china. me so much for that. i am sure you will be watching that. i am sure you will be watching that summit very closely for us. as we discussed on yesterday's programme, china is facing a major crisis as the price of pork has dribbled. the country is struggling with a year—long outbreak of african swine fever and beijing is importing record levels of pork from the us despite the trade while and it is also trying to source the meat from other countries. our china correspondence went to meet a family in southern china. nine floors up in an apartment block in one of china's numerous big busy cities, work is done for the day and life slows down for the family dinner. it is chicken, fish and greens tonight but there is one thing that china is as much of as the rest of the world put
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together, . .. this is the only bit of a pig on the table at our dinner, fried intestine. like many dinner tables across china, they are now feeling the impact of african swine fever but it is help —— it is hurting even more here. tell me a little bit, in business and the market at the moment. how is it? this is the main market here where they have their business. swine fever has killed millions of pigs in china. it has killed around 50% of
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their trade stop they have laid off seven workers and now theyjust have one stop fewer pigs means the price have shot up and people cannot afford as much. even the woman selling crispy pork belly lunches to the people in the pork market is struggling. after a year of african swine fever spreading, what started out as a problem on farms is now a problem on china's dinner tables. for these two, pork is their main source of income. china's 1.4 billion people, it income. china's1.4 billion people, it is their main sustenance. can you have chinese without pork?
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speaking of pork prices because the boss of american food giant tyson has warned us pork prices has also risen in recent weeks at a time when they would normally be falling. noah white said fall is the first time african swine fever has significantly affected the united states. let us show you the markets before we go because we can show you the hang seng earlier but the hong kong market has just reopened down more than 1%. violent clashes between police and pro—democracy demonstrators have escalated, spread toa demonstrators have escalated, spread to a university campus, but of course, trade was also weighing it down. that is it for this asia business report, thank you so much for watching. this is bbc news. the top stories this hour: hong kong police warn the rule of law is on "the brink of collapse" as the spiral of violence intensifies.
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bushfires across much of eastern australia are still burning out of control as some of the blazes reach the suburbs of sydney. the environment agency has warned that severe flooding episodes are set to become more frequent. it's prompted a renewed debate about the measures and the money needed to the limit the impact. our science editor david shukman looks at the challenge of saving homes, businesses and communities at risk. year after year, we see the misery of flooding, but this time it's striking in the middle of an election, adding real edge to questions about why it's happened and how to avoid scenes like this in future. a key dispute is over money, so how much is spent on flood defences? a view from the air of the floods in south yorkshire today — the plight of the village of fishlake at the centre of the current political storm. the total budget for flood defences for this five year period is £2.6 billion, but there's long been criticism that governments
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of all parties need to spend far more. what's striking is how it's the small villages like fishlake and farmland that are bearing the brunt of the flooding, and that's for a very simple reason. the money forflood protection is allocated according to the number of people who benefit from it, so the big cities do well and smaller communities are bound to lose out. another challenge, who's in charge of flood protection? rescue work by the emergency services is highly praised and well co—ordinated, but behind—the—scenes it can be another story. there's so much more water that these pumps are having to deal with... with central government, local authorities and drainage officials here monitoring the pumps at fishlake, a complicated mix that can slow down the system of early warning. and all the time the question of whether flooding will be worse in future. we spot emergency barriers are being thrown up at a key electricity substation. scientists are warning that, as temperatures rise, rainstorms are likely to become heavier, so the threat of flooding may well intensify. the emergency pumps in action here are now centrestage in the election, and the struggle reflects wider battle over how the country should protect itself now and in coming years. david shukman, bbc news, south yorkshire.
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official figures show the number of people in work fell by 58,000 in the three months to september — the biggest quarterly drop for more than four years. the office for national statistics says the reduction was partly caused by the collapse of a number of major retailers. the number of people who are unemployed also fell by 23,000 to 1.31 million. now on bbc news: sport today. hello. you're watching sport today with me, ben croucher. we're live at the bbc sport centre with a busy programme, including: perfect ‘thieming'! dominic thiem beats novak djokovic to guarantee a semifinal spot at the world tour finals. roger federer grabs his first win by beating italy's matteo berrettini
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and makes his final group game very interesting. and we'll show you how italy's assunta legnante won a second gold at the world para athletics championships. welcome along, wherever you're tuned in around the world. who predicted this, then? a group containing novak djokovic and roger federer and after playing both of them — it's dominic thiem who's already through to the last four at the world tour finals in london. he followed up sunday's win over federer with a dramatic win over djokovic in the last few hours. paul frostick reports. this was the day that austrian dominic thiem would now prove he is a top layer on all surfaces. not many can take novak djokovic all the way, and in a dramatic first is that, it looked as though this would play out as standard,

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