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tv   Asia Business Report  BBC News  August 29, 2023 12:30am-12:46am BST

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and the us comments secretary meets her chinese counterpart. and the boarders are over, we look at how international travel from china hasn't recovered after the pandemic. hi, welcome to asia business report. before we get to our top story, i want to bring you some breaking news. yesterday we told you about gas prices, especially given the warning of strikes in australia but now staff at chevron�*s two elegy plants have decided to go on strike, this is an ongoing dispute over pay and conditions. two projects account for about 5% of the global lng production, and there have been fears about an impact on gas prices. the strikes will begin next week
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and will include rolling stoppages and. a similar dispute at rival woodside was resolved but we are watching gas prices today, that was after the announcement from chevron is in the strikes next week. as we have been reporting, the us commerce secretary is in beijing this week and on monday she met her counterpart, describing the discussions as open and pragmatic. the countries have pledged to hold regular meetings between business representatives with a focus on commercial issues. representatives will also meet to exchange information on export controls. the first meeting is today. our business reporter katie silva has this update. the visit is the latest
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in a series of top american diplomats visiting china. that includes antony blinken and john kerry. all in the last three months. despite all of these meetings, relations between the two economies are at their most tense in years. last august, the us passed the chipz act, specifically aimed at growing their business and blocking china's industry. they zhing have responded by restricting exports of two materials to the us, key ingredients in making chips, and it all comes in a same weight that export controls kick in in the netherlands, preventing by the netherlands, preventing by the netherlands, preventing motherwell for mac biggest chip—making equipment from exporting without a licence, something china has complained about and analysts said would only make us china relations worse. this comes as president biden rep —— prepares to visit vietnam. vietnam has
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been seen as an alternative destination for the us to outsource manufacturing, rather than putting all of its eggs in one basket that is china. the country is having a hard time maintaining its status as the world pull back manufacturing hub, making it all the more difficult to bounce back after the pandemic. the issues facing american chip companies like intel did come up companies like intel did come up in the discussions between secretary raimondo and minister wong, as well as those curves from beijing on rare earth exports, trade policies have also become a type of war between the world bank to biggest economies. from the chinese perspective, certainly, it is unclear what exactly is expected to do what it is they should be delivering
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or how they might orient themselves differently that would satisfy american demand. from the us perspective, they want to make sure that the chinese understand us concerns, understand where the parameters and policy are and i think the big challenges that everyone else, where are those parameters? where is the art and where does defence start and where does defence start and is that where it will ultimately land, or will this yard to keep expanding and defence keep growing taller? sadly, for the rest of us in asia, that is a very important question. figs asia, that is a very important question-— asia, that is a very important cuestion. a ., , �*, question. as you mention, she's fourth highest _ question. as you mention, she's fourth highest level— question. as you mention, she's fourth highest level official - fourth highest level official to visit china from the united states but i want to ask you why is the secretary of commerce, not a trade representative in the us, visiting china? i representative in the us, visiting china?— representative in the us, visiting china? i think it is a ureat visiting china? i think it is a great question, _ visiting china? i think it is a great question, i _ visiting china? i think it is a great question, i think - visiting china? i think it is a great question, i think you | visiting china? i think it is a i great question, i think you are going to see more official visits. it used to be a regular feature of us china relations, that we had ongoing dialogue,
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regularly scheduled district —— dialogue, those were disrupted. it is important to get high—level officials, and the commerce secretary runs many of the programmes that are of particular interest to the chinese, especially around export controls, issues on semiconductors, the roll—out of many of the policies related to the ira bill. so it is the commerce secretary that has the portfolio for more of the concerns that china has at this moment. , h, . , concerns that china has at this moment. , ., , , , ., ~ moment. deborah elms speaking to me earlier. _ to me earlier. in other news, the chief executive of qantas has been accused of misleading the australian public over the true value of unredeemed flight credits. he has appeared before a senate committee in melbourne facing questions over the airline is mac soaring profits and airfares, despite growing customer satisfaction. qantas owes passages almost 240 us dollars in unredeemed flights
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while its budget airlinejet star is about 65 million us dollars. let's look at the aviation sector in china because a number of chinese carriers are reporting earnings this week, including china southern later today as well as air china and china eastern. they have quickly re—established domestic flights after covid—i9 curbs were lifted late last year but when you look at bookings for international flights, when you look at bookings for internationalflights, the response from chinese passengers hasn't been too strong. industry analysts told me what is stopping chinese travel rebounding.
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limited capacity has pushed the airfares up higher and fell out of chinese tourists, they are very price sensitive, particulars a large package tours, there is a very price sensitive, price conscious consumers. sensitive, price conscious consumm— sensitive, price conscious consumers. , . consumers. untilthe price has come down. — consumers. untilthe price has come down, you're _ consumers. untilthe price has come down, you're not- consumers. untilthe price has come down, you're not going i consumers. untilthe price has| come down, you're not going to see those groups coming in such large numbers, but when you do travel around southeast asia, we are seeing chinese tourists around, we are seeing chinese airlines flying in but it is not at the level as it was before. there will always be a group of chinese consumers who are having good incomes, are doing quite well financially, but you are correct, that'll
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economic data, the poor situation, the lack of confidence and the economy right now will deftly have an impact on consumer sentiment and this is one of those items. a few years ago, peru had virtually zero blu—ray plantations but today it is the biggest exporter in the world. blueberry bushes media minimum number of two hours every winter to enhance the fruiting. they are very likely to get this in the peruvian coast. the temperatures rarely go below 12
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celsius. peruvian produces like alvaro yyy peruvian produces like alvaro yyy strategies they have been using for decades. they noticed that blueberries, originally from the northern hemisphere, where very hard to harvest in the months of august to december and during that price —— part of the year, prices jumped so peruvian started developing their own varieties of blueberries that could thrive in much warmer weather than your typical berry. then produces like alvaro had farms to help them grow.
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later, the industry in peru was huge. $1.5 billion of blueberries, and farmers had started to grow them all year round. chances the blueberries you are eating our ground thereto. the company behind chatgpt says it is releasing a version of its popular ai tool aimed at large businesses called chatgpt enterprise. they say it offers more security and high—speed access to the tech. that isn't for this edition of asia business report, i will be back at the top of the hour but for now, thank for watching. forfour english for four english heritage, forfour english heritage, the last four years have been a labour of love in this part of derbyshire. a team of specialist workers has been
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busy. it specialist workers has been bus . , ., ., specialist workers has been bus. , ., ., ., busy. it is meant to have everything _ busy. it is meant to have everything on _ busy. it is meant to have everything on it - busy. it is meant to have everything on it and - busy. it is meant to have i everything on it and without the refine it, you get a lot more deterioration of stone and the historic plasterwork so we are very keen to keep as much of the original plasterwork and to repair the stonework and make the site set —— accessible for people to come and find out the whole story. what really stands out when you walk around is the restoration of the decorative white plaster walls. they show ornate pictures and date back 400 years, around 500 people a day have been visiting the building since it reopened. but like the fourth bridge, the work never stops. the but like the fourth bridge, the work never stops.— work never stops. the place will continue _ work never stops. the place will continue to _ work never stops. the place will continue to deteriorate, it is and and it is not getting any younger, like the rest of us. they will be conservation work to be done in the future but if we haven't done anything, it would have deteriorated much more quickly and we wouldn't have been able
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to row the public in, because tonight, i am dylan with a catch—up. prosecutors in spain have opened an investigation into the head of the spanish football federation after he kissed the player jenni hermoso on the lips during the women's world cup final celebrations last weekend. . ., , ., weekend. prosecutors are lookinu weekend. prosecutors are looking to _ weekend. prosecutors are looking to see _ weekend. prosecutors are looking to see whether i weekend. prosecutors are | looking to see whether his behaviour counts as sexual assaults, jenni hermoso says it was not consensual. i have had my passport stolen before. i went to the police website are reported as fact and they said they couldn't help me with it and i would
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have to get a new one. the government _ have to get a new one. the government is _ have to get a new one. the government is saying i have to get a new one. the government is saying to police forces need to do a betterjob about following up evidence, stats show that most of the time, no one gets charged with theft offences, the home secretary said she was pleased to use evidence from smart door bells and dashcam is to help solve theft cases. some other stories now and things are getting back to normal in disguise after the uk air traffic control systems failed earlier, hundreds of flights now face massive delays. the company that runs uk air—traffic says it is working with allies to help manage their flights. and would are getting a self driving taxi? they have recently began service in san francisco. 0ne service in san francisco. one group has even started disabling the cars by putting plans in their bonnets. and, finally, i'm going to leave you with ten seconds of colour. the notting hill carnival, the largest rate party in europe took place this weekend, bringing a vibrant injection of colour and culture to the streets of west london. that is
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it from me, you are all caught up. hello and welcome to sportsday. i'm gavin ramjaun. here's what's coming
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up on the programme. is it the end of the road for rubiales after the regional and territorial federations of the spanish football federation ask for the resignation of their president? it's success for swiatek in new york — and quickly, too. she's into round two of the us open in less than an hour. but there are shocks on the opening day, as maria sakkari and holgar rune both crash out to lower ranked opposition. and a year out from the paralympics, we're in france to see how things are shaping up ahead of the highly—anticipated games. hello there, and welcome along to the programme. lots to get through. and we start in spain, where it's been a huge day of developments in the story that continues to dominate world football — and the latest of which, may finally spell the end of luis rubiales' time, as the president of the spanish football federation following allegations of an unwanted kiss on playerjenni hermoso.

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