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tv   Asia Business Report  BBC News  April 21, 2023 1:30am-1:46am BST

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the us treasury secretary calls for help the economic relationship with china. while the point of contention between the two rivals are big. we'll 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.
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hi there. welcome to asia business report with me, mariko oi. as we told you on newsday, the united states so there was a more constructive economic relationship with china. the comments were made in a speech by the country's treasury secretary, janet yellen. it comes at a time when diplomatic and economic relations between the us and china are increasingly fraught. the bbc�*s north america business correspondent samira hussain has more. it has been five years since the united states imposed tariffs on billions of dollars of goods coming in from china. since then, not only have trade relations, but diplomatic relations between the two countries have deteriorated. but in a speech at an american university, us treasury secretary janet yellen was emphasizing the need for a more constructive relationship with china. we seek a healthy economic
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relationship with china, one that fosters growth and innovation in both countries. a growing china that plays by international rules is good for the united states and the world. both countries can benefit from healthy competition in the economic sphere. but healthy economic competition where both sides benefit is only sustainable if this competition is fair. but 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 the geopolitical run ins, whether it be the us relationship with taiwan or even china's close relationship with russia. that was samira hussain reporting there. and as she mentioned, ms yellen�*s remarks comes against a backdrop of strained ties between washington and beijing.
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even before the pandemic, the us and china were clashing on a number of issues, including trade. i spoke to stephen roach, a senior fellow at yale university, and asked him if ms yellen�*s speech was a way for the biden administration to dial back some tensions. what i saw from secretary yellen, who i am a huge fan of, was a clear emphasis on security over economics and by ranking security at the top of the agenda, that pretty much turns the hopes for engagement on their head. economics has long been the anchor of the us—china relationship. if we get the economics and trade right, then we can be more comfortable in dealing with the thorny and prickly issues of security. but i'm worried that she is putting the cart before the horse here.
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and i would say with all, you know, effort to be balanced here, xijinping has done the same thing and is addressed to the party congress. last october, he, too, put the emphasis primarily on security. so you've got both sides focused on security, and that is not a constructive formula for re—engagement and de—escalation of conflict. does the us, though, have a point when it comes to national security concerns over apps like tiktok? also intellectual property? you know, national security is a pretty vague construct, especially when it comes to an app like tiktok, largely used by young teenagers rather than by businesses who have proprietary tools that can be put to nefarious uses. it operates under the presumption of intent that we have some way
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of knowing that china is going to take the tiktok user data and convert it into information that it will utilise to put the united states user community at risk. we have no evidence whatsoever to go with that assumption, but that's been an important part of congress's fears about tiktok. one of the world's largets makers of semiconductor chips, which seems to be the key in this current trade tensions? it it is used in electronic products. two years ago it was a shortage of semiconductor
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ters as covid—i9 interrupted production. the car maker bmw apologised after being accused of eliminating against chinese visitors to a motor show over free ice creams. a video clip appears to show chinese staff refusing to give the tree to a group of chinese people but then anning it out to a western visitor. the german company said workers at its stand promoting the mini brand had not been managed properly. overeating is other foreign companies have also faced criticism in china after being accused of cultural insensitivity. over to india now. which is in facing intense heat waves in the month of april, much earlier than experienced in previous years. a recent study by the university of cambridge says heatwaves are growing more common and severe in india as a result of climate change and it is holding back development. archana shukla has more.
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over 90% of the countries in the danger zone of extreme heat waves and their effects like health issues, food shortages and increased risk of blackouts and death, according to the report. and we are already seeing the impact. temperatures have soared above a0 celsius in most parts of the country, even 45 degrees in some regions. schools have either been shut or have trimmed hours. hours earlier this week, 14 people died in the western state of maharashtra due to sunstroke during a state sponsored award ceremony. it was the highest death toll from a single heatwave related event in the country's history. electricity demand has spiked on its part in just the first fortnight of april, energy demand has risen 23% versus last year, putting pressure on grids and power generation. remember, most of india's power generation is still driven by dirty fuels like coal, and an increased demand pushes india back on its carbon zero goals as well. and it is notjust the largest states in central or western india, but also the ones in eastern and southern region that are seeing high
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power demand owing to intense heat waves. few states have made plans to tackle intense heat, but experts are saying that's not going to be enough. but for industries, agriculture or even construction workers who normally work through during the daylight hours, experts are saying that it is only going to get harsher as the days go by. meanwhile, pret a manger has arrived in india. the uk—based sandwich chain will open its first store in the financial capital mumbai on friday. pret�*s chief executive said expanding in india has been a long time goalfor the brand and that shops will be opened later this year. nearly half the global workforce today are millennials or gnc. that's half whole generations of young adults raised on the internet brought up raised on the internet brought up in the age of cultural movements like mehta and black
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lives matter. as a result, those younger employees are very different workplace norms and expectations. companies need to understand their motivation if they want to retain those workers. that has occurred —— according to nick goldberg, the founder of ezra, a digital platform for ceos across the world. a digital platform for (£05 across the world.- a digital platform for ceos across the world. there is a famous phrase, _ across the world. there is a famous phrase, called - across the world. there is a famous phrase, called its . famous phrase, called its strategy for breakfast. think that so relevant today. my advice to ceos around how to create a right working environment, particularly around hybrid, is to make sure you are consulting with your organisation, with your employees. in the decisions that you then make a far more likely to be received well when you have listened to the voice of your employee. we are in a world now where there is an expectation from jen see, and again, notjust from expectation from jen see, and again, not just from jen see,
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that they have much more of a say, much more of an input into everything to do with an organisation and i think we have to accept that we have to embrace that and we have to give employees a voice in the right way and a sense of purpose, a sense of empowerment that they can impact the overall organisational values, the organisational impact it can help. we work with very large organisations, very large asian banks, huge asian technology companies who tell us this is a challenge that their leaders have. the world is changing, my employees want far more of a voice, one far more of an understanding of our mission and purpose, want far more development. and how as ceos do we manage that? however hard it is, put culture first. god is the most critical thing that will lead your business. it will help people make better decisions, it will help you
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create better products, it will make people, when they are not at work, feel more passionate about the job that they do and talk to all of those around them in every part of life. and i think that when you have an organisation where people feel like they want to be part of it, not have to be part of it, you will see a massive shift in your organisational performance.- your organisational performance. your organisational erformance. . , ., performance. that is it for this addition _ performance. that is it for this addition of— performance. that is it for this addition of asia - performance. that is it for. this addition of asia business report. i will be back next hour. so dojoin us then. thanks for watching. losing my home was a bit of a shock, really, becausei thought i was going to be there forever, because they loved it there. but you have got to make there. but you have got to make the best of things, i suppose, and now van life is my life.
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eisfeld everything in my flat bought this. my van is an ex— airport transfer vehicle, it is actually done 392,000 miles. it is quite well—equipped, but a lot of i can't use unless i'm plugged into a campsite. the cost of living is just ridiculous with the gas going up, the electric going up. the more a live in my van the more ifeel free. they decided more a live in my van the more i feel free. they decided to document my life in the van on tiktok. overnight itjust the best thing about living in my van is having a see you every day if i want. people can pay £1 million for a house with a view that i can wake up to. it's sad that the country is putting people and this position, but, you know, i've boys looked on the positive side and ica positive from this negative of losing my flat. i'm a free spirit and i'm off and it's another adventure in my
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life. 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 received 2,850 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 45% 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 more so in debt, i don't have anything to sort of show for that.
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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 he abused his position to exploit them. and elon musk�*s spacex starship, the most powerful space 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 from me, bye.
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hello, i'm paul scott at the bbc sport centre. coming up on this programme:
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manchester city see off bayern munich in the champions league.

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