the us treasury secretary kicks off her visit to beijing — on the agenda, easing ties between the world's two largest economies. and after a blistering post—covid rebound, the chinese economy is now showing signs of slowing. hello and welcome to asia business report. i'm mariko oi. our top story this morning — us treasury secretary janet yellen has kicked off her visit to the chinese capital. she is the second top american diplomat to land in beijing in a month after us secretary of state antony blinken visited in june. her trip is expected to focus on easing ties between the world's two largest economy. monica miller with more. companies affected by these controls are now assessing the potential impact of china's

announcement, for example, the auto sector. volkswagen says that it auto sector. volkswagen says thatitis auto sector. volkswagen says that it is monitoring the situation and is ready to take measures together with its partners if necessary. these key metals are important research for automotive parts and pay a role in future autonomous cars. these two metals are also crucial to make semiconductors. taiwan's worlds largest contract chip maker says it doesn't expect any direct impact on its production. despite the statement, the shares plunged almost 3% in trading in taiwan, over concerns of intentions —— growing tensions, and the us secretary's visit to beijing. a top chinese trade adviser says that this is just the start, sending a not—so—subtle message to the americans just before the counterparts are sat down face—to—face in beijing for the first time since the covid pandemic. still staying on the topic of those rare earths export

limits — earlier i spoke with shihoko goto of the wilson centre and she gave her take on beijing's messaging. it's clearly signalling that china _ it's clearly signalling that china is_ it's clearly signalling that china is prepared to push back against — china is prepared to push back against any action that would be taken _ against any action that would be taken by the united states. it's hardly the ruling —— rolling _ it's hardly the ruling —— rolling out of the red carpet, but i — rolling out of the red carpet, but i do _ rolling out of the red carpet, but i do want to point out that the value _ but i do want to point out that the value in this dialogue is that— the value in this dialogue is that the _ the value in this dialogue is that the two are actually meeting and that we are going to see — meeting and that we are going to see more of continued dialogue on the two sides. gf dialogue on the two sides. course dialogue on the two sides. of course because anthony thinking was just there last month, so i guess it can't be a bad thing that they are now talking. despite all of these tensions that we talk about, trade between the two countries has been growing, has a? so they both need each other. exactly. i think china does need the united states a lot more than the united states at this particular moment in time. we see that china has come out of the code that shut down significantly weaker the code that shut down significantly weaker than it had in the _

significantly weaker than it had in the past. _ significantly weaker than it had in the past. at - significantly weaker than it had in the past. at the - significantly weaker than it l had in the past. at the same time, it's introducing a lot of measures to defend its own economy which is scaring off foreign investors as well. so anything to ensure that there is continued investment in the country to ensure that its own economy does not falter any further is something that beijing will certainly want to pursue a. i beijing will certainly want to pursue a— beijing will certainly want to ursue a. , , ,, ., pursue a. i guess the us would like to talk— pursue a. i guess the us would like to talk about _ pursue a. i guess the us would like to talk about what - pursue a. i guess the us would like to talk about what they - like to talk about what they can discuss and what they can achieve. what other areas would the secretary be discussing, do you think the baseline is that is that is, that both china and the united states want to avoid any military conflict. they are both interested in ensuring that the two economies, both of their respective economies continue to grow. at the same time, the united states is going to try to convince china that putting barriers towards

technology transfer and protecting its own advanced technologies is not an act to contain china, but that will be something that it chinese will find difficult to swallow. as mentioned, ms yellen�*s visit also comes at a time when china is looking to revitalise its economy. it experienced a post—covid rebound in the first quarter, but the latest data has showed signs of slowing. our china correspondent steve mcdonell reports. the street food scene in china would appear to show an economy rebounding strongly from the coronavirus. experts say that's not the case. but rather these consumers in this small city are choosing a low cost, tasty option at a time of pressure on household incomes. translation: this place l is great for ordinary people. recently it has been hard to make money but it's still easy to spend it. after three years of covid,

the economy is only slowly recovering. university graduates are being especially hit by china's economic doldrums, with youth unemployment hovering at or above 20%. translation: yes, i'm worried. there is a lot of competition. it's hard to find a job. all my classmates feel the same pressure. those who have jobs can be reluctant to spend big because they are nervous about their financial security. you can see why if you travel just a bit further east, to the outskirts of a much larger city, where a property explosion hasn't matched real demand from buyers or renters. this woman bought a flat here a couple of years ago, but her estate remains largely empty and its value has collapsed. translation: of course i'm worried but what can i do? . everywhere there are shells of tower blocks which appear abandoned.

this problem with the real estate supply and demand isn't limited to this area. it isn't even limited to this city. you can drive out of here for hours and you will find clusters of towers with unoccupied or unfinished apartments, many of their workers have stopped altogether and consider that the same thing is happening in province after province right across the country. in tsingtao, restrictions on the number of flats a person can buy have been used in an attempt to stimulate the market. a local real estate agent told us sales volumes have halved in recent years. translation: pricesj are down because the market is saturated. too many homes were built and it's hard to sell them. negative sentiment that also keeps spreading to the sprawling local port and therefore the world. reduced manufacturing and weak

international demand means less stuff being exported and slower consumption here means less imports of other countries' products. just up the coast while tourism has started to recover on the beaches here, the government wants chinese people to spend more than the price of swimming gear. however, the fear is that pessimism is sitting in and it can be hard to turn around. stephen mcdonell, bbc news, shandong province. did you know that ups is estimated to move 6% of america's gdp in its brown trucks every day? well, over 300,000 ups workers are close to striking after the shipping company failed to reach an agreement with its union. if they do walk out, it'll be one of the largest strikes in american history. michelle fleury reports.

making noise, ups workers preparing to strike after both sides accuse the other walking away from the negotiating table. among those getting betty, marvin, a full—time driverfor ten betty, marvin, a full—time driver for ten years. betty, marvin, a full-time driver for ten years.- betty, marvin, a full-time driver for ten years. over the ears, driver for ten years. over the years. the — driver for ten years. over the years, the frustrations - driver for ten years. over the years, the frustrations keepl years, the frustrations keep building up. it's like it keeps boiling, boiling. he building up. it's like it keeps boiling, boiling.— building up. it's like it keeps boiling, boiling. he says every worker deserves _ boiling, boiling. he says every worker deserves more. - boiling, boiling. he says every worker deserves more. we - boiling, boiling. he says every| worker deserves more. we are 'ust worker deserves more. we are just looking — worker deserves more. we are just looking for _ worker deserves more. we are just looking for fair _ worker deserves more. we are just looking for fair pay, - worker deserves more. we are just looking for fair pay, fair i just looking for fair pay, fair work. we'rejust looking just looking for fair pay, fair work. we're just looking for fairness. work. we're 'ust looking for fairness. ., work. we're 'ust looking for fss— fairness. the union that represents _ fairness. the union that represents roughly - fairness. the union that represents roughly ups| fairness. the union that - represents roughly ups workers across the country want higher pay, especially for part—time workers. this is pick practice, as you can see, strike preparations are shifting into high gear. the union wants to mmp high gear. the union wants to ramp up the pressure on ups to meet its demands. antony is one of the organisers, a former ups driver, he was part of the last

strike in 1997. it cost the company hundreds of millions of dollars. her him, this isn't just a height for —— fight for higher wages that ups. iterate just a height for -- fight for higher wages that ups. we want to win big. _ higher wages that ups. we want to win big. but — higher wages that ups. we want to win big, but we _ higher wages that ups. we want to win big, but we are _ higher wages that ups. we want to win big, but we are winning i to win big, but we are winning for all those other workers that don't have a union, those amazon records being exploited. those walmart workers, all these megacorporations, they are throwaway jobs. these megacorporations, they are throwawayjobs. they don't give them good benefits, they are not giving them a proper salary. we are fighting for all of that. ,, , ., , of that. ups is that gets champion _ of that. ups is that gets champion company - of that. ups is that gets champion company in i of that. ups is that gets. champion company in the of that. ups is that gets - champion company in the us. typist november the 20 million packages a day, so the economic impact could be significant. a halt in operations could lead to shipping delays and cause major disruptions to us supply chains. in brooklyn, margaret barrow, the founder of snack company, depends on ups to receive supplies and ship granola to customers. this is ffoin to granola to customers. this is going to hurt _ granola to customers. this is going to hurt a _ granola to customers. this is going to hurt a lot _ granola to customers. this is going to hurt a lot of- going to hurt a lot of businesses.- going to hurt a lot of businesses. , ., ~ going to hurt a lot of businesses. ~ businesses. do you think you will have _ businesses. do you think you will have to _ businesses. do you think you will have to raise _ businesses. do you think you will have to raise your - businesses. do you think you | will have to raise your prices? yes... and that's not something

i want to do a. yes. .. and that's not something i want to do a.— i want to do a. ups says it wants to _ i want to do a. ups says it wants to reach _ i want to do a. ups says it wants to reach a - i want to do a. ups says it wants to reach a timely i wants to reach a timely agreement for employees, customers and the us economy. this was the ceo speaking to investors back in april. iterate investors back in april. we ex . ect investors back in april. we expeet to _ investors back in april. we expect to hear _ investors back in april. we expect to hear a _ investors back in april. we expect to hear a great deal of noise — expect to hear a great deal of noise during the negotiation. i remain— noise during the negotiation. i remain confident that a win—win contract — remain confident that a win—win contract is — remain confident that a win—win contract is very achievable. allowed _ contract is very achievable. allowed and proud with the end of the contract rapidly approaching, workers are getting ready to walk out if an agreement cannot be reached. that is sent for this edition of asia business report. i will be back at the top of the hour.

described in court as a bright, happy and bubbly person who easily made friends. luke ashton from leicester took his own life in april 20, 21. luke ashton from leicester took his own life in april 2021. he was a0 years old. an inquest into his death described his case as unusual and complex. leicester coroner's court heard how luke had psychiatric condition. it wasn't diagnosed because he didn't share his gambling with anyone. nor did he seek medical advice. in 2019, he had debts of £18,000 because of his he and his wife, annie, were able to pay it off when the couple sold their home. but during the pandemic, luke was increasingly gambling again. in a statement, flutter uk, the parent company of betfair, say that over the last three years, significant changes have

the recording, for the first time ever of a gambling disorder as a cause of death, has been welcomed by lu ke's family. for more stories from across the uk, head to the bbc news website. hey, i'm rachel with the catch up tonight. greta has been charged? a twitter rival is launched, and a big apology. but first, we're starting in liverpool, where 23 year old connor chapman has been found guilty of murdering ellie edwards. 26—year—old ellie was enjoying a night out with friends when she was shot outside a pub in the wirral on christmas eve. ellie wasn't the target, though. chapman was looking for two gang members. another man, who's 20, was found guilty of owning an illegal gun and helping chapman. ellie's dad spoke outside the court. we got there in the end.

and the right result. and you know what? i hope them two never see another christmas again, ever in their lives. some other stories now. greta thunberg has been charged with disobeying police during a protest blockading oil tankers injune. she'll be in court this month and could face a six month prison sentence or a fine. are you on threads? the makers of instagram have launched a rival to twitter and millions of people have already signed up. it's been branded the twitter killer and they look pretty alike. there's a 500 character limit on this one, though, and you log in through your insta. and the tourist who carved his and his girlfriend's names into the colosseum has sent an apology letter to the mayor of rome. the 27—year—old said he didn't realise how old the building was when he did it last up. they're really rare

and usually only find in central africa. but this one, called rabbie, was born at chester zoo. her keeper says she's showing lots of personality already. you're all caught up now. see you.

hello and welcome to sportsday — i'm hugh ferris. our top stories. murray fights on, but on friday, the home favourite takes a lead as the lights go out on centre court. mark wood and mitchell marsh up until now on the ashes sidelines make the headlines on day one of the third test. and the two favourites to the fore... how one prevoius champion beat another to take the tour de france yellow jersey.