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tv   Asia Business Report  BBC News  April 21, 2023 12:30am-12:46am BST

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the us treasury secretary calls for a healthy economic relationship with china with a hall of tension are big. we will have the latest. plus heat waves are ripping through india earlier than expected. a look at how climate change is holding back development of asia's third—biggest economy. hi and welcome to asia business report. with me mariko oi. us says it warns a more constructive economic relationship with china. the comments were made in a speech by the country treasury
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secretary. it comes in a time where diplomatic and economic relations between the us and china are increasingly fraught. bbc north america correspondent has more. it has been five years since the us opposed terrorists on billions of dollars of goods coming in from china. —— imposed. since that not only have trade relations but also diplomatic relationships between the two countries have deteriorated. but in a speech at american university us treasury secretary was emphasising the need for a more constructive relationship with china. we seek a relationship with china. - seek a healthy economic relationship with china. one that fosters growth and innovation in both countries. a growing china in place with international rules is good for the us in the world. both countries can benefit from healthy competition in the economic sphere. but healthy economic sphere. but healthy
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economic competition where both sides benefit is only sustainable if the competition is fair. , ., , sustainable if the competition is fair. ,., , ., is fair. the points of contention - is fair. the points of contention between| is fair. the points of. contention between the is fair. the points of - contention between the two countries are big. the sharing of american technology has raised national security and foreign policy concerns. china says the us is trying to gain an economic advantage. then there are geopolitical points. whether it be the us relationship with taiwan or even with china's close relationship with russia. as she mentioned janet yellen�*s remarks, at a vector between strange ties between the west in beijing for some even before the pandemic the us and china were crushing on a number of issues including trade. i spoke to steve and wrote, senior fellow at yale university and asked him ifjanet fellow at yale university and asked him if janet yellen�*s asked him ifjanet yellen�*s speech was asked him if janet yellen�*s speech was a asked him ifjanet yellen�*s speech was a way asked him if janet yellen�*s speech was a way for the asked him ifjanet yellen�*s speech was a way for the bite and administrator to dioxin tensions. and administrator to dioxin tension— and administrator to dioxin tensions. . ., tensions. what i saw from janet yellen who _ tensions. what i saw from janet yellen who i _ tensions. what i saw from janet yellen who i am _ tensions. what i saw from janet yellen who i am a _ tensions. what i saw from janet yellen who i am a huge - tensions. what i saw from janet yellen who i am a huge fan - tensions. what i saw from janet
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yellen who i am a huge fan of i yellen who i am a huge fan of was _ yellen who i am a huge fan of was a — yellen who i am a huge fan of was a clear— yellen who i am a huge fan of was a clear emphasis on security— was a clear emphasis on security over economics. and by ranking — security over economics. and by ranking security at the top of the agenda, that pretty much turns— the agenda, that pretty much turns the _ the agenda, that pretty much turns the hopes for engagement on their— turns the hopes for engagement on their head. economics is long — on their head. economics is long been the anchor of the us china _ long been the anchor of the us china relationship, if we get the economics and trade right, then_ the economics and trade right, then we — the economics and trade right, then we can be more comfortable in dealing — then we can be more comfortable in dealing with the thorny and prickly— in dealing with the thorny and prickly issues of security. i am — prickly issues of security. i am worried that she is putting the cart — am worried that she is putting the cart before the horse here. and i_ the cart before the horse here. and i would say, with all effort _ and i would say, with all effort to be balanced, xi jinping _ effort to be balanced, xi jinping has done the same thing. _ jinping has done the same thing, has adjusted the party congress last october, he too but the — congress last october, he too but the emphasis on primarily security _ but the emphasis on primarily security. so you have both sides— security. so you have both sides focused on security and that— sides focused on security and that is— sides focused on security and that is not a constructive formula _ that is not a constructive formula. for re—engagement and
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de—escalation of conflict. does de-escalation of conflict. does the us have — de-escalation of conflict. does the us have a _ de-escalation of conflict. does the us have a point _ de-escalation of conflict. does the us have a point when - de-escalation of conflict. does the us have a point when it. the us have a point when it comes to national security concerns over apps like tiktok and international property. national security is a pretty big concept especially when it comes to an app like tiktok. largely used by young teenagers rather than by businesses who have proprietary tools that could be put to the various uses. it operates under the presumption of a tent that we have some way of knowing china is going to take the tiktok user daughter and converted into information. —— data. that it will use to utilise to put the united states user community at risk. we have no evidence whatsoever to go with that assumption. and that has
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been a important part of congress's fears about tiktok. what about semiconductor chips which seems to be the key in this current trade tensions. i think it's fair to say that it is hard to say who is winning this tree to battle but when it comes to be chips, would you say that the us seems to have a bit of advantage? the say that the us seems to have a bit of advantage?— bit of advantage? the us is certainly taken _ bit of advantage? the us is certainly taken the - bit of advantage? the us is i certainly taken the opportunity to deny advanced semiconductor chips as well as the semiconductor production technology in japan semiconductor production technology injapan and the netherlands to china. this will an mistakenly put enormous pressure on china to drive many key innovations on artificial intelligence and quantum computing but we need to be careful of the consequent as of that. china will of course, redouble its own efforts to develop an autonomous and
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indigenous advanced semiconductor production that will be able to deliver the types of innovation that america is trying to deny china at this point. but for the short term the us currently has an advantage here.— an advantage here. over to india now _ an advantage here. over to india now which _ an advantage here. over to india now which is - an advantage here. over to india now which is facing i india now which is facing intense heat waves in the month of april which is much earlier than in previous years. a recent study by the university of cambridge said, heat waves are growing more common and severe in india as a result of climate change. and it is holding back development. over 90% of the countries in the danger to the zone of extreme heat waves and their effects like health issues food shortages and increased risk of blackouts and death and according to the report have already seen the impact. temperatures have soared above 40 temperatures have soared above a0 celsius in most parts of the country even a5 degrees in some regions of india. schools have either been shot or have
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reduced hours. —— shut. over a0 people died in a state—sponsored ceremony due to sunstroke. the highest death toll from a single heat related eventin toll from a single heat related event in the country's history. electricity demand has spiked. and just the first fortnight of april energy demand has risen 23% versus last are putting pressure on grades and power generation. remember, most of india's power generation is still driven like dirty fuels by coal and an increased demand pushes india back on its carbons or goals as well. and it is notjust the largest states in central or western india but also the ones in eastern and southern regions that have seen high power demand or intense heat waves. few states have made plans to tackle intense heat but experts are saying that is not going to be enough. particularly for industries, agriculture or even construction workers who normally work through the
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daylight hours. experts are saying that it is only going to get harsher as the days go by. meanwhile the uk —based sandwich chain has a in india and will open in mumbai on friday. the chief executive said expanding in india has been a long time goal of the brand in that shops will be opened later this year. and they are not the only international brand to open its doors there in india, apple has done so as well. coffee bean prices on the international markets are around 80% higher than they were before the pandemic. prices for consumers have not stopped rising just yet. that is according to the boss of one of the worlds biggest coffee companies. talking to our correspondent for talking business we cutely, he says that there is a bit more inflation that he can see still to come. i
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more inflation that he can see still to come.— still to come. i think all of the effects _ still to come. i think all of the effects have _ still to come. i think all of the effects have a - still to come. i think all of the effects have a huge i still to come. i think all of. the effects have a huge cost increase and also remembering that companies like aris are buying in dollars. the new york stock market. so the ratio between dollar and the euro is so important. so be only partially, as the cost increase to an consumers so i would say that at least 50% was absorbed by the company and 50% was given back to the industry. to the market. but again this is adding to the fact that we can do it because we are a family company will stop you negotiate with all of the big retailers, i'm wondering how difficult they have been with the surge prices? i they have been with the surge rices? , , ., they have been with the surge rices? , ., ., prices? i say it is a tough discussion _ prices? i say it is a tough discussion but _ prices? i say it is a tough discussion but thanks - prices? i say it is a tough discussion but thanks to | prices? i say it is a tough i discussion but thanks to our past history and the
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credibility that we got on the market, we have always been able at the end, to find the rights with them. but not an easy job. rights with them. but not an eas 'ob. �* , , rights with them. but not an easy job-— easy job. let's been a year ahead, antonio, _ easy job. let's been a year ahead, antonio, prices- easy job. let's been a year. ahead, antonio, prices higher or lower than today? i ahead, antonio, prices higher or lower than today?- or lower than today? i still think that _ or lower than today? i still think that we _ or lower than today? i still think that we have - or lower than today? i still think that we have not i or lower than today? i stilll think that we have not seen or lower than today? i still- think that we have not seen yet is small piece of inflation but we will see it on prices at least before the summer because all company will rise prices in october, november, to argue with the trade and discuss. normally this is summer time so i will not say, so we are going in a better direction. but i think there will still be a six months where we could see some small guys on inflation. that is it for this _
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small guys on inflation. that is it for this edition - small guys on inflation. that is it for this edition of i small guys on inflation. that is it for this edition of asia i is it for this edition of asia business report i will be back with newsday at the top of the hours to do join us with newsday at the top of the hours to dojoin us if with newsday at the top of the hours to do join us if you with newsday at the top of the hours to dojoin us if you can. thank you for watching. the last i saw him he was effectively dead. he the last i saw him he was effectively dead.- the last i saw him he was effectively dead. he is here to cheer on his _ effectively dead. he is here to cheer on his team _ effectively dead. he is here to cheer on his team luton i cheer on his team luton tonight. but more than that to think in person the fan who saved his life. pepper works for the police and herfirst day training kicked in when first on the scene, she saw he was not breathing following a low—speed car crash. i was not breathing following a low-speed car crash. i reached over him. _ low-speed car crash. i reached over him, undid _ low-speed car crash. i reached over him, undid his _ low-speed car crash. i reached over him, undid his seat i low-speed car crash. i reached over him, undid his seat belt l over him, undid his seat belt and with a help of another member pulled him from the car. emergency service were quickly on the scene, taking over and delivering shocks to restart his heart. to put her died and
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her fiance headed his heart. to put her died and herfiance headed home fearing the worst before receiving the best possible social media message. —— herand her best possible social media message. —— her and herfather. i got a social media message saying that he was still alive and ijust cried. saying that he was still alive and i just cried.— saying that he was still alive and i just cried. and i 'ust cried. she saved my life and ijust cried. she saved my life so probably _ and ijust cried. she saved my life so probably the _ and ijust cried. she saved my life so probably the best i life so probably the best friend _ life so probably the best friend i've got. you cannot get a better— friend i've got. you cannot get a better friend. so i will be disappointed if he did not keep in contact but we said we would _ in contact but we said we would. , ., , ., would. they have been at the stadium demonstrating i would. they have been at the stadium demonstrating the l would. they have been at the i stadium demonstrating the same cpr skills that she used to give other supporters the confidence if needed. hi, i'm levi with the catch up tonight. record university complaints, a rocket explosion and a rare solar eclipse. first, the number of student complaints about university courses in england and wales reached a record high for a fourth year running in 2022. the body that reviews them
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received 2850 complaints. that's 3% more than in 2021. 38% of these were about academic appeals, including grades. complaints about service issues like teaching also made up 38%, although this was down from a5% in 2021 and just under a quarter of the complaints related to the pandemic. we've been speaking to students. i submitted a complaint because i didn't receive any teaching pretty much for the entire year, even though i'm now a year's years more so in debt. i don't have anything to to show for that. some other stories now. the family of missing rugby player and singer levi davis has said he might have drowned. he went missing in barcelona last october. and police are now investigating reports by cruise ship staff who say they saw a man in the water shouting for help at the time. a new phone line has opened as part of an investigation into former bbc dj tim westwood. it's after multiple allegations of sexual misconduct by women who say
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he abused his position to exploit them. and elon musk, spacex, starship, the most powerful spacex rocket ever built, has blown up shortly after its launch in texas. despite the explosion, the team are still happy with how far they got. time now to leave you with 10 seconds of wonder. take a look at this rare solar eclipse seen in a remote town in australia. the sky turned dark for about 60 seconds and it only happens a few times a century. that's all for me. bye.
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hello, i'm betty glover from the bbc sport centre. coming up on this programme... it's goodbye to europe for manchester united, they're dumped out of the europa league. the other semi is an all italian fare as inter milan beat benfica to set up a milan derby in the last war. and a maximum ia7 break for karen wilson. only the ninth player in history to achieve it at the crucible and could earn him nearly $70,000.
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