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tv   Asia Business Report  BBC News  July 17, 2023 1:30am-1:45am BST

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cpt pp coming it's only the cpt pp coming it's only remember out of region. the partnership also includes australia, new zealand, canada, chile, japan and malaysia and will add about $2 billion to the economy. an annual increase of gdp of 0.08%. despite that, the business and trade minister described it as an important step for britain. we described it as an important step for britain.— step for britain. we are honoured _ step for britain. we are honoured to _ step for britain. we are honoured to become i step for britain. we are l honoured to become the step for britain. we are - honoured to become the first new member and tojoin honoured to become the first new member and to join this extraordinary community of now 12 economies spanning asia, the pacific and now europe. this is a modern and ambitious agreement and our membership of this exciting and growing forward—looking block as proof uk stores are open for business.— uk stores are open for business. �* , ., ., business. let's turn to china because _ business. let's turn to china because the _ business. let's turn to china because the world _ business. let's turn to china because the world 's - business. let's turn to china because the world 's second | because the world �*s second biggest economy is due to report its latest growth
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figures injust report its latest growth figures in just about an hour. for the second quarter, we will also get the reading injune, reading for unemployment as well as retail sales and all eyes are on the yet to be seen post pandemic rebound. earlier, i spoke to the chief asia—pacific economist. she told me the had planned growth figures due to be released later today is to be put into context. i later today is to be put into context. ~ . context. i think the headline gdp growth _ context. i think the headline gdp growth number - context. i think the headline gdp growth number could i context. i think the headline| gdp growth number could be context. i think the headline i gdp growth number could be a little bit misleading because, for the second quarter, beyond your growth could be around 7%, which is much higher than the 4.5% you just mentioned. this is all because of a low base last year. we all remember the shanghai lockdown last april and may. from a sequential price momentum, we actually see the economic growth has slowed white notably in the second quarter as the demand is
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fading. environment is deteriorated, confidence is low and yet the government, it is somewhat reluctant to come up with any meaningful policy stimulus. in with any meaningful policy stimulu— stimulus. in terms of unemployment, - stimulus. in terms of| unemployment, what stimulus. in terms of. unemployment, what do stimulus. in terms of- unemployment, what do you expect? overall, the labour market is slowly improving. the overall headline unemployment rate should continue to decline. a lot of the focus is on the use of employment which is over 40% and could go even higher in the coming months because we have nearly 10 million college graduates coming to the labour market. i think that is one of the key concerns at this moment. we're starting to happen foreign investment companies and banks, their nerves have been shaken a bit by all of the news coming out of china. are they still seeing this as a good place to do business? fist seeing this as a good place to do business?—
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seeing this as a good place to do business? at this moment, when we talk _ do business? at this moment, when we talk about _ do business? at this moment, when we talk about the - when we talk about the confidence a bit low, notjust in the hospital sector, the corporate sector, sentiment is low because of the policy uncertainty in the last several years. also part of that is the reluctance of the government to support the economy at this moment which is really posing a risk to the economic growth this year. from a long—term perspective, i think it really depends on what the government is trying to do to reduce the policy uncertainty. on that front, i think the government actually is stepping up, recently relaxing deregulation and housing sectors, the platform economy sector and welcome foreign company investment as well as private investment. hopefully that could actually bring back some of the confidence which would support the economy, notjust in the near term but also in the long—term. in the near term but also in the long-term.—
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in the near term but also in the long-term. in the near term but also in the lona-term. ., ., ., the long-term. some of the data we saw on _ the long-term. some of the data we saw on friday _ the long-term. some of the data we saw on friday in _ the long-term. some of the data we saw on friday in terms - the long-term. some of the data we saw on friday in terms of- we saw on friday in terms of its export numbers, they felt at their fastest pace since the onset of covid. with the slowdown of the global economy, what can china do to boost it? i think will be very near term, thatis i think will be very near term, that is what ice said, the key risk is what the government had, to do to support the economy. everybody is waiting for the meeting by the end of this month, there could be a comprehensive policy system measured. they could cut interest rates more, liquidy credit report, or spending in a structured, more measures to support consumption and more regular tory easing the housing sector. some of that actually could support the economy and healthy growth momentum to stabilise in the second half. he technology giant microsoft to sign an agreement to keep
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the hugely popular game franchise call of duty on sony's playstation consul for the microsoft is in the process of trying to try to buy the gas publisher activision blizzard. the deal is worth nearly $70 million but face opposition from regulators in the united states and britain. they argue it could harm competition. a spokesperson for microsoft to set the call of duty agreement would ensure players had more choice once the takeover was complete. the automotive world is changing and changing rapidly. nowhere was that seem more visible than at the goodwood festival of speed in southern england. the ford motor company was among those who used the event to showcase their electric offerings. the american giant recently turn its own electric car operation into a standalone division, separate from the rest of the business known as model e. darren palma is the vice president for electric operations and he spoke to a reporter. in
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operations and he spoke to a re orter. ., ., operations and he spoke to a reporter-_ operations and he spoke to a reorter. ., ., ., .,, reporter. in order to move as fast as we — reporter. in order to move as fast as we believe _ reporter. in order to move as fast as we believe it - reporter. in order to move as fast as we believe it will - reporter. in order to move as fast as we believe it will be i fast as we believe it will be necessary, we wanted to split the company into three for the green for electric, gluepot gas and hybrid and pro for commercial vehicles for the. you are still part of a major global car company. how can you compare yourself to a start—up? the attitude, style and waving work. we also have a lot more people who came from a software background, your software background. we are integrating those together. think of it like using the tools and facilities and resources of a huge global company but being able to take decisions and move more quickly. that is what model e is about.- more quickly. that is what model e is about. this is an increasingly _ model e is about. this is an increasingly competitive - model e is about. this is an - increasingly competitive market now because using to be a few get behind the opposition in europe. lots of electric cars coming from china now. how are you going to stand out? we think it is — you going to stand out? - think it is coming to the byteside now. the technology to
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make the cut the price we wanted was not available at the time before then, the volume we wanted. the electric at 150, technology to make that the price point was not available before we think now is the right time. still early on in the market adoption for electric cars but we think now is the right time but do need to make them distinctive. we want to tempt more and more people to go electric. we wanted because they want the vehicle, not because they are being forced to. i vehicle, not because they are being forced to.— being forced to. i think it is on course _ being forced to. i think it is on course to _ being forced to. i think it is on course to live _ being forced to. i think it is| on course to live something like $3 billion this year. at what point do you turned around and actually start making money from the start?— from the start? typical for a start-no. — from the start? typical for a start-up. you _ from the start? typical for a start-up, you lose - from the start? typical for a start-up, you lose money i from the start? typical for a - start-up, you lose money before start—up, you lose money before you make money and we wanted to put a magnifying glass on that. the division standalone. we look for that exactly. you make money when you build scale and have supply chain in place and you can make compelling products people want to buy at the right price versus the cost for that is how you make money.
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the month—long beeper women's world —— fifa women's world cup. teams from across europe, the americas and asia will gather in oceana. fifa is giving away 20,000 tickets due to slow sales in new zealand. our business correspondent sent this report. it is here in eden park the world cup will kick off this thursday when new zealand's football fans take on norway. it is one of four stadiums across the country games are being held forth we see matches in hamilton, eden and wellington despite how big this event is on the fact that eden park invested about 21 million us dollars upgrading its facilities ahead of the cup, ticket sales have been lacklustre. the organisers fifa had to get out 20,000 tickets just to try and fill stadiums for the very few games are sold out. those that are all
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involved new zealand. what is behind this lack of demand? the reali is behind this lack of demand? the reality is it _ behind this lack of demand? the reality is it has _ behind this lack of demand? tue: reality is it has been challenging across all. there is a cost of prices in new zealand and that corresponds with habits and decisions being made. awareness had to be built over time and i am sure throughout the tournament, like we saw with the women's rugby world cup and cricket world cup, the rugby tournament interest and ticket sales increase.— increase. where are the troubles _ increase. where are the troubles when - increase. where are the troubles when it - increase. where are the troubles when it comes| increase. where are the l troubles when it comes to ticket sales is how it is. european and north american fans to travel. the other aspect is here we are firmly in rugby union territory. new zealand is not typically a soccer loving nation. as a result, we had calls from the former prime ministerjacinda ardern telling social media followers to jump online and join in. despite all of these troubles when it comes to filling the stadiums, this world cup is expected to be the largest attended women sporting
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event of all time. and that is it for this edition asia business report. i'm monica miller, thank you for watching. bringing you different stories from across the uk. jamie reeves is showing me a video that no parent should ever have to film. it is of his 8—month—old daughter, halle, on an emergency medical flight from spain, where the family had been on holiday, back to birmingham where doctors then diagnosed her with a rare form of leukaemia. since lastjuly, it has been hell. i don't think there has been a week that has passed where we have not been in hospital. i think the most we've done is about three or four days. halle has had two stem cell transplants — the most recent one in april — neither has worked.
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her medical team says they are not prepared to do a third transplant. in all honesty, i thought, last week, when we were not seeing any of her counts come up, i was getting really worried. i started to think in my mind, maybe that could be it. her family has been told their best option might be to pay for a highly specialised treatment called car—t cell therapy in america, as it is not currently available on the nhs, but the treatment is expensive and the family is now on a mission to raise £1 million. the clock is ticking, time is not on our side so the sooner we can get over there, the better. for more stories from across the uk, head to the bbc news website. people are travelling again. exploring new destinations and
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cultures, making fresh friends and creating memories that will last a lifetime.— last a lifetime. that is why at the travel — last a lifetime. that is why at the travel show, _ last a lifetime. that is why at the travel show, we - last a lifetime. that is why at the travel show, we are - the travel show, we are expanding our horizons as well. wherever we go, we want you to come with us. wherever we go, we want you to come with us— come with us. that might make for an awful _ come with us. that might make for an awful lot _ come with us. that might make for an awful lot of— come with us. that might make for an awful lot of access - for an awful lot of access package, but we think it is worth it. the travel show, watch now on bbc iplayer. bbc news, watch now on bbc iplayer. bbc news. bring — watch now on bbc iplayer. bbc news, bring different stories from — news, bring different stories from across the uk. it is news, bring different stories from across the uk.- from across the uk. it is my wedding _ from across the uk. it is my wedding day. _ from across the uk. it is my wedding day. i _ from across the uk. it is my wedding day, i am - from across the uk. it is my wedding day, i am getting l wedding day, i am getting married. i served wedding day, i am getting married. iserved in afghanistan, unfortunately, afg ha nista n, u nfortu nately, i lost afghanistan, unfortunately, i lost my afg ha nista n, u nfortu nately, i lost my left afghanistan, unfortunately, i lost my left leg and received a gunshot on the right side of my body. the trend for this started roughly 18 months ago, most of that has been accuracy landings. this car is a big place, yet a lot of room in the sky. what is crucially important it is you get the landing correct, everybody is safe. all of them, including chris have landed safely. t
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safe. all of them, including chris have landed safely. i sky dive into my _ chris have landed safely. i sky dive into my wedding - chris have landed safely. i sky dive into my wedding at - chris have landed safely. t say dive into my wedding at langley castle on a beautiful sunday morning. castle on a beautiful sunday mornini. , ., , castle on a beautiful sunday morning-— castle on a beautiful sunday mornini. , .,, , ., castle on a beautiful sunday mornini. , , ., ., morning. they hope they have a new world _ morning. they hope they have a new world record _ morning. they hope they have a new world record for _ morning. they hope they have a new world record for the - new world record for the largest wedding party made up of groom and groomsmen to sky dive into a wedding venue. after that, dive into a wedding venue. afterthat, it dive into a wedding venue. after that, it is time to get married. after that, it is time to get married-— after that, it is time to get married. .,, , , , married. the most stressful art of married. the most stressful part of the _ married. the most stressful part of the day _ married. the most stressful part of the day so _ married. the most stressful part of the day so far. - married. the most stressful part of the day so far. i - married. the most stressful part of the day so far. i am | part of the day so far. i am calm, cool and collected. jumping out of the plane was it's alcaraz�*s first wimbledon ofe and it ends it's alcaraz�*s first wimbledon of the d it ends it's alcaraz�*s first wimbledon of the plane ds it's alcaraz�*s first infinitely more stressful than wimbledon of the plane was jumping out of the plane was infinitely more stressful than this. i have been ready for this. i have been ready for this. i have been ready for this for a long time.- this. i have been ready for this for a long time.- this. i have been ready for this for a long time. what do ou this for a long time. what do you think _ this for a long time. what do you think about _ this for a long time. what do you think about him - this. i have been ready for this for a long time. what do ou this for a long time. what do you think _ this for a long time. what do you think about _ this for a long time. what do you think about him - this for a long time. what do you think about him doing i this for a long time. what do i you think about him doing this? this for a long time. what do you think about him doing i this for a long time. what do i you think about him doing this? he is allowed to have a fancy he is allowed skydive thing — he is allowed to have a fancy thing in — he is allowed to have a fancy thing in the day, i get the fancy— thing in the day, i get the fancy dress and he gets skydive for that— fancy dress and he gets skydive for that i— fancy dress and he gets skydive for that i love it. i used to fancy dress and he gets skydive for that— fancy dress and he gets skydive for that i— fancy dress and he gets skydive for that i love it. i used to skydive _ for that i love it. i used to skydive and i'm happy that he skydive _ for that i love it. i used to skydive and i'm is happy— skydive and i'm happy that he is happy doing and as long as long — is happy doing and as long as long as — is happy doing and as long as long as they are safe, they can it whenever.— long as they are safe, they can it whenever. more stores across the uk, head — it whenever. more stores across the uk, head to _ it whenever. more stores across the uk, head to the _ it whenever. more stores across the uk, head to the bbc- it whenever. more stores across the uk, head to the bbc news | the uk, head to the bbc news website — hello and welcome to sportsday.
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i'm lizzie grenwood hughes. the headlines tonight: a new king at wimbledon, as carlos alcaraz ends years of djokovic domination. the washes with australia, as england just lose the penultimate game. and rory rises to the top, just in time for this week's open championship. so lots of brilliant sport for you, and we're of course starting with tennis because carlos alcaraz is the new men's wimbledon singles champion. the young spaniard fought back from the set down against the seven—time winner novak djokovic to win in five sets. it's alcaraz�*s first
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wimbledon title and it ends

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