arunoday mukharji, bbc news, delhi. 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 comes at a time when beijing is ramping up the heat on relations. monica miller with more. companies affected by these controls are now assessing the potential impact of china's potential impact of china's announcement, for example, the 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 tsmc, the world's 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 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. the visit by secretary yellen also comes at a time when the chinese economy looks to revitalise. that experience supposed covid rebound in the

first quarter of the year the latest data has shown signs of stephen mcdonald reports. street food seen in china appears to show an economy rebounding strongly from the coronavirus. experts say that is not the case. but, rather, these consumers in the small city are choosing a low—cost tasting option at a time of pressure on household income. translation:— translation: this place is . reat translation: this place is ureat for translation: this place is great for ordinary _ translation: this place is great for ordinary people. it has been hard to make money but it is still easy to spend. after three years of covid the economy is only slowing its recovery. university graduates have been especially hit by the doldrums with youth unemployment hovering at or above 20%. unemployment hovering at or above 2096-— unemployment hovering at or i above 20%._ yes, unemployment hovering at or - above 20%._ yes, i above 20%. translation: yes, i am worried- — above 20%. translation: yes, i am worried. there _ above 20%. translation: yes, i am worried. there is _ above 20%. translation: yes, i am worried. there is a _

above 20%. translation: yes, i am worried. there is a lot - above 20%. translation: yes, i am worried. there is a lot of - am worried. there is a lot of competition and it is hard to find a job. all my classmates feel the same pressure. those who have _ feel the same pressure. those who have jobs _ feel the same pressure. those who have jobs can _ feel the same pressure. those who have jobs can be - feel the same pressure. those j who have jobs can be reluctant to spend big because they are nervous about financial security. you can see why if you traveljust security. you can see why if you travel just a security. you can see why if you traveljust a bit 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 has not matched real demand from buyers or renters. this woman bought a flat here a couple of years ago but the estate remains largely empty and its value has collapsed. translation: fit and its value has collapsed. translation:— and its value has collapsed. translation: of course i am worried but — translation: of course i am worried but what _ translation: of course i am worried but what can - translation: of course i am worried but what can i - translation: of course i am worried but what can i do? - worried but what can i do? everywhere there are shells of tower blocks that appear abandoned. this problem with real estate supply and demand is not limited to this area. it is not limited to this area. it is not limited to this area. it is not even limited to this city. you can drive out of here for hours and find clusters of towers with unoccupied or unfinished apartments stop many where work has stopped

altogether and considered that the same thing is happening in province after province across the country. restrictions now on the number of flats a person can buy have been eased in an attempt to stimulate the market. although the real estate agent told us sales volumes have halved in recent years. translation: volumes have halved in recent years. tuna/mom- volumes have halved in recent years. translation: prices are down because — years. translation: prices are down because the _ years. translation: prices are down because the market - years. translation: prices are down because the market is - down because the market is saturated. too many homes were built and it is hard to sell them. . , , them. negative sentiment but also keep spreading _ them. negative sentiment but also keep spreading to - them. negative sentiment but also keep spreading to the - also keep spreading to the sprawling local court and there for the world. reduced manufacturing and weak international demand means stop being exported and slower consumption here means less imports from other countries. just up the coast, while tourism has started to recover on the beaches, the government wants chinese people to spend more than the price. but the

fear is that pessimism is setting in and it can be hard to turn around. stephen mcdonald, abc news. in other news making headlines this morning, samsung electronics has reported a likely 96% fall in its second—quarter operating profit. that is in line with what analysts and have been expecting making at the lowest in any quarter for i4 years. they are wriggling to stem losses since a global chip glut that are seen prices fall. they will publish at the end of the ninth month the full report. ups is expected to move 6% of the us gdp every single day. more than 33 hundred ups workers have vowed to go on strike after the company failed to reach an agreement with its

union. if they do walk out it will be one of the biggest strikes in american history. michelle fleury has more. making some noise. ups workers in new york preparing to strike after both sides accuse the other of walking away from the negotiating table. among those getting ready, marvin dawes, a full—time driver for ten years. everybody here has frustration that keeps on building up. it is likely to keep boiling. he says every worker deserves more. we want fairness in terms of a fair days pay for a fair day's work. of a fair days pay for a fair day's work-— of a fair days pay for a fair day's work. of a fair days pay for a fair da 's work. . , , ., day's work. the teamsters union that represents _ day's work. the teamsters union that represents roughly - day's work. the teamsters union | that represents roughly 340,000 ups workers across the country want higher pay, especially for part—time workers. this want higher pay, especially for part-time workers.— part-time workers. this is -icket part-time workers. this is picket practice. _ part-time workers. this is picket practice. as - part-time workers. this is picket practice. as you - part-time workers. this is| picket practice. as you can see, straight _ picket practice. as you can see, straight preparations| picket practice. as you can i see, straight preparations are shifting into high gear. the

union wants to ramp up the pressure on ups to meet its demands. anthony is one of the organisers, a former ups driver who was part of the last strike in 1997 the cost the company hundreds of millions of dollars. for him this is not justified for higher wages at ups. ~ ., ., , ., ., ups. we want to win big for our workers but _ ups. we want to win big for our workers but for _ ups. we want to win big for our workers but for all _ ups. we want to win big for our workers but for all the - ups. we want to win big for our workers but for all the other - workers but for all the other workers but for all the other workers who do not have a union. amazon workers were being x loitered, workers from walmart and target, megacorporations that are throwing jobs not giving them good benefits, not giving proper salary. we are fighting for all of them.— for all of them. ups is the bi est for all of them. ups is the biggest shipping - for all of them. ups is the biggest shipping company | for all of them. ups is the l biggest shipping company in for all of them. ups is the - biggest shipping company in the us. drivers deliver more than 20 million packages every single day so the economic impact could be significant. a halt in operations could lead to shipping delays or cause major disruptions to us supply chains. in brooklyn, margaret,

the founder of a snack company, depends on you peers to receive supplies and ship knowledge to customers. supplies and ship knowledge to customers-— customers. this will hurt a lot of businesses. _ customers. this will hurt a lot of businesses. all _ customers. this will hurt a lot of businesses. all you - customers. this will hurt a lot of businesses. all you have i customers. this will hurt a lot of businesses. all you have to raise your _ of businesses. all you have to raise your prices? _ of businesses. all you have to raise your prices? yes. - raise your prices? yes. and that is rrot _ raise your prices? yes. and that is not something - raise your prices? yes. and that is not something i - raise your prices? yes. and | that is not something i want raise your prices? yes. and i that is not something i want to do. ,, that is not something i want to do, ,, , that is not something i want to do. ., , ., do. ups says it wants to reach a timely in _ do. ups says it wants to reach a timely in green _ do. ups says it wants to reach a timely in green mint - do. ups says it wants to reach a timely in green mint for- a timely in green mint for employees in the economy. this was the ceo speaking to investors back in april. we ex - ect investors back in april. we exoect to _ investors back in april. we expect to hear _ investors back in april. we expect to hear a _ investors back in april. - expect to hear a great deal of noise through the negotiation but i remain confident that a win—win contract is very achievable. loud and proud. with the end of the contract rapidly approaching, workers are getting ready to walk out if an agreement cannot be reached. if an agreement cannot be reached-— if an agreement cannot be reached. ~ . , �* �* reached. michelle fleury, bbc news new— reached. michelle fleury, bbc news new york. _ reached. michelle fleury, bbc news new york. first - reached. michelle fleury, bbc news new york. first it i reached. michelle fleury, bbc news new york. first it was i news new york. first it was golf in the box and could be next. a leading promoter has told the bbc that saudi arabia is investing billions of dollars into sport. riyadh has

been trying to move its economy away from its dependence on fossil fuels but critics have raised concerns about events taking place in a country with a questionable human rights record. my colleague aaron hurst was speaking to the boss. one thing that helped saudi in the middle east region and not just the middle east but government funded is making events that are maybe not possible, historically possible. sometimes some fights, it isjust possible. sometimes some fights, it is just too hard to negotiate and they don't go over the line for many different reasons and having that funding helps to deliver events that would otherwise not take place in other markets. when they recently did their major deal in the world of golf, rory mcilroy said, and i quote, at the end of the day money talks. is he right? is sportjust about money money talks. is he right? is sport just about money these days? i sport 'ust about money these da s? ., �* , sport 'ust about money these das? , , sport 'ust about money these das? ,., days? i don't 'ust comes down to sport. — days? i don't 'ust comes down to sport. | — days? i don'tjust comes down to sport, i think— days? i don'tjust comes down to sport, i think every - to sport, i think every business has to focus around

money and i think if you are the best at what you do you deserve to be paid every penny, you know, and i think pga have long ruled the sport of golf and someone else wanted to take over and you cannot stop that, you cannot stop that in any sport. so they put the funding behind it and, sport. so they put the funding behind itand, like i sport. so they put the funding behind it and, like i say, any business, an athlete has to treat themselves like a business as well. they have a short career and you need to do everything within your power to make them as much money as possible so i understand it from an athlete point of view completely. aha, from an athlete point of view completely-— from an athlete point of view completely. a lot more on the sort completely. a lot more on the sport washing _ completely. a lot more on the sport washing on _ completely. a lot more on the sport washing on the - completely. a lot more on the i sport washing on the programme this weekend. that is it for our edition of this programme, thank you for watching.

bringing you different stories from across the uk.- from across the uk. they are laces from across the uk. they are places of— from across the uk. they are places of punishment - from across the uk. they are places of punishment and i places of punishment and rehabilitation but one mp has described the prison as a ticking time bomb. daily pressures prison officers say creating a descending that sees staff numbers falling and disorder rising. they have been flashed up and down the country and threatened almost on a daily basis. and threatened almost on a daily basis-— and threatened almost on a daily basis. figures obtained b the daily basis. figures obtained by the bbc _ daily basis. figures obtained by the bbc show _ daily basis. figures obtained by the bbc show that i daily basis. figures obtained by the bbc show that in i daily basis. figures obtained i by the bbc show that in england and wales over a five year period, the number of staff taking days off for mental health reasons rose from 1456 to 2879. in the south—east, the rise in the same period was sharper still from 137 to 309. tom hill was in the prison service for 32 years and says austerity cuts source waves of experienced staff leave the service and the impact was clear. ~ .,

clear. when i “oined in the 19805, clear. when i “oined in the 1980s, there _ clear. when ijoined in the 1980s, there were - clear. when ijoined in the 1980s, there were 40 i clear. when ijoined in the 1980s, there were 40 or. clear. when ijoined in the | 1980s, there were 40 or 50 officers turning up and these days, of the handful who turn up days, of the handful who turn up not many know what to do. prisons are truthful lower staff ratios increase problem and pressure.— staff ratios increase problem and pressure. for more stories from across — and pressure. for more stories from across the _ and pressure. for more stories from across the uk _ and pressure. for more stories from across the uk head i and pressure. for more stories from across the uk head to i and pressure. for more storiesj from across the uk head to the bbc news website. iam i am rachel with the catch up. tonight, greater is charged, a twitter rival is launched and a big apology. first, we start in liverpool where 23—year—old connor chapman has been found guilty of murdering ellie edwards. the 26—year—old ellie enjoying a night out with friends when she was shot outside a pub on christmas eve. she was not the target, chapman was looking for two gang

members and another man was found guilty of owning an illegal gun and helping chapman. illegal gun and helping chapman-— illegal gun and helping chapman. illegal gun and helping chaman. �*, ., ., , chapman. ellie's father outside the court- _ chapman. ellie's father outside the court. you _ chapman. ellie's father outside the court. you know _ chapman. ellie's father outside the court. you know what? i i the court. you know what? i hope they see another christmas in their lives.— in their lives. some of the stories now. _ in their lives. some of the stories now. greta - in their lives. some of the i stories now. greta thunberg has been charged with disobeying police during a protest blockading oil tankers injune. blockading oil tankers in june. she blockading oil tankers injune. she will be in court this month and could face a six—month prison sentence or a fine. are you on threads? the makers instagram have launched a rival to twitter and millions have already signed up. it has been to twitter and millions have already signed up. it has been granted the twitter killer and granted the twitter killer and they look alike. there is a 500 character limit on this one and you login through instagram. and the tourist who carved his and his girlfriend's name into the coliseum has sent an apology letter to the mayor of rome. the 27—year—old said he did not realise how old the building was when he did it.

you. and millions have last up, ten seconds of okapis they are rare and usually only found in central africa but this okapi was born at chested zoo. her keepass as she shows a lot of personality already. you were all caught up now. see

already signed up. it has been granted t on twitter killer and already signed up. it has been granted t on the :er killer and already signed up. it has been granted t on the ashes er and 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 previous champion beat another to take the tour de france yellow jersey.