tv Asia Business Report BBC News August 29, 2023 1:30am-1:46am BST
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in beijing for with counterpart in beijing for with chips and trade on the in the borders are open but they are not using them. we look at how international travel from china has not recovered after the pandemic. hello there and welcome to asia business report. as we have been reporting, us commerce secretary gina raymonde i was in beijing this weekend 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 and export controls on the first meeting is today. our business reporter has this update on the following report has some flashing images. gina
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raimondo�*s visit is the latest in a series of top american diplomats to have visited china recently including janet yellen, antony blinken and the us climate envoyjohn kerry. all in the last three months. despite all these meetings, relations between the world's two largest economies are at their most tense in years. last august the us passed the chips act, specifically aimed at growing domestic chip making business and blocking china's industry. beijing responded in turn including restricting restricting import of materials and it all comes in the same week as export controls kick in in the netherlands preventing one of the world's biggest makers of chip making from exporting without a license, something china has complained about and analysts say would only make us china relations worse. this comes as president biden prepares to visit vietnam along with the united states
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trying to increase reduction at home, vietnam is seen as an alternative destination for the united states to outsource manufacturing rather than putting all of its eggs on the one basket that is china. the country is having a hard time maintaining its status as the world's manufacturing hub making it all the more difficult to bounce back after the pandemic. trade policies have also become a problem between economies. raimondo said it was profoundly important to have stable ties but the trade centre says it is unclear what beijing's position should be doing this visit. from the chinese perspective it is unclear what exactly they expect to do and what it is that they should be delivering or how they might orient themselves differently that would satisfy american demand and from a us perspective they want to make sure that the chinese understand us concerns, understand where the parameters on policy are and i think the
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big challenge is, for everyone else, where are those parameters, where is defence stop and is that where it will ultimately land and does keep growing taller. for the rest of us in asia that is a very important question. b5 us in asia that is a very important question. as you mentioned _ important question. as you mentioned she _ important question. as you mentioned she is _ important question. as you mentioned she is the - important question. as you | mentioned she is the fourth high—level official to visit china but i want to ask you why the secretary of commerce not a trade representative from the united states visiting china? that is a great question. i think you will need to see more official visits. think you will need to see more officialvisits. it think you will need to see more official visits. it used to be a regularfeature official visits. it used to be a regular feature of us china relations that we had ongoing dialogue regularly scheduled dialogue regularly scheduled dialogue and those were disrupted, covid, et cetera, getting back to that rhythm is important to get high—level officials and the commerce secretary runs many of the programmes that are of particular interest to the
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chinese, especially around export controls, issues and semiconductors, the rollout of many of the policies related to the ira bill so it is the commerce secretary that has, can handle more of the concerns that china has at the moment. staff at chevron�*s two lng plants in australia have chosen to go on strike in an ongoing dispute over pain conditions. the projects account for 5% of the lng production and fears over industrial action have already had an impact on oil and gas prices. the union said strikes will begin next week and will include rolling stoppages and bounds and limitations on certain tasks. last week a similar dispute at woodside was resolved. we are watching gas prices and for example the dutch contract is up example the dutch contract is up by example the dutch contract is up by 7%. in the aviation
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sector the chief executive of australia's airline qantas has been accused of misleading the australian public over the true value of unredeemed flight credits. alan joyce value of unredeemed flight credits. alanjoyce appeared before a senate committee in melbourne facing questions over the airline's soaring profits and airfares despite growing customer dissatisfaction. qantas owes passengers almost 240 million us dollars in unredeemed flights while at budget airlinejetstar unredeemed flights while at budget airline jetstar owes about 65 million. staying with travel and looking at the aviation sector in china now because a number of chinese airlines will be reporting earnings this week including china southern later today as well as our china and china eastern later this week. they quickly re—establish domestic flights after covid restrictions were lifted but the statistics for international flights, the statistics for internationalflights, there is international flights, there is not internationalflights, there is not been a strong response from
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chinese flyers. an industry analysis told me earlier what is stopping chinese travel from rebounding. it is stopping chinese travel from rebounding-— rebounding. it takes time to restore capacity _ rebounding. it takes time to restore capacity because - rebounding. it takes time to i restore capacity because these were aircraft grounded for a very long period of time and it does take time to put those aircraft into maintenance and train people so that is why we see the capacity not bouncing back so quickly. itjust see the capacity not bouncing back so quickly. it just takes time. back so quickly. it “ust takes time. . ., , back so quickly. it “ust takes time. . , ., , back so quickly. it “ust takes time. .,, , time. flight cost has surged, not “ust time. flight cost has surged, notiust in — time. flight cost has surged, notjust in china _ time. flight cost has surged, notjust in china but - time. flight cost has surged, notjust in china but around i notjust in china but around the world. is that one of the reasons? maybe passengers are reluctant to go overseas? because the capacity is not fully restored there are limited capacity and that pushes the airfare up higher and for many of the chinese tourists they are price sensitive, particularly those who travel on large package tours. they are very price sensitive and price conscious consumers so until the price comes down you will not see those groups coming in such large numbers. when you do
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travel around southeast asia we see chinese tourists around. we see chinese tourists around. we see chinese tourists around. we see chinese airlines flying in but it is just not at the level it was before. we but it isjust not at the level it was before.— but it isjust not at the level it was before. we have been talkin: it was before. we have been talking a _ it was before. we have been talking a lot _ it was before. we have been talking a lot about _ it was before. we have been talking a lot about weak- talking a lot about weak economic data from china. are you concerned that they could have an impact on travel demand?— have an impact on travel demand? ., ._ , have an impact on travel demand? . , , ., demand? there will always be a u-rou demand? there will always be a a-rou of demand? there will always be a group of chinese _ demand? there will always be a group of chinese consumers - demand? there will always be a | group of chinese consumers who we see who have good income and are doing quite well financially but, yes, the poor economic data and the poor situation and the lack of confidence in china and the economy right now will definitely have an impact on consumer sentiment and travellers a discretionary spending item that people can easily cut back on. do spending item that people can easily cut back on.— spending item that people can easily cut back on. do you know where your _ easily cut back on. do you know where your fruit _ easily cut back on. do you know where your fruit comes - easily cut back on. do you know where your fruit comes from? l easily cut back on. do you knowi where your fruit comes from? if it is blueberries it is a pretty good chance it could be from peru. but only a few years ago the country had virtually zero delivery plantations. todayit zero delivery plantations. today it is the biggest exporter in the world. our reporter explains why. this
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blueberry was grown in peru, a place where ten years ago there were zero blueberry plantations. now it is the largest blueberry exporter in the world. the challenge was big. blueberry bushes need a minimum temperature in winter. peruvian producers used in old strategy farmers in the south have used. they noticed that blueberries were very hard to harvest between august and december stop during that time of year pricesjumped december stop during that time of year prices jumped and farmers could get three or even
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four times the price so peruvians develop their own varieties are blueberries that could thrive in warmer weather than a typical berry. and then produces adapted their farms to help the plants grow. later peruse blueberry injury is huge. —— industry is huge. farmers have started to grow them year around. chances are them year around. chances are the blueberries you eat now were going there as well. and before we go, let's update you with other business news. the company behind chad dbt, open ai, says it now releases a version of its popular ai tool and large businesses called gpt enterprise. the company says it offers more security, privacy
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and high—speed access to the text. early adopters include estee lauder. many major companies, however, including apple amazon have blocked employees from using chat gpt because of security concerns and that is something that open ai hopes will change with this release. 0n ai hopes will change with this release. on tuesday, london became the largest area in the world the charges drivers for emitting pollution. the ulez scheme charges people who drive vehicles into central london. thank you so much for watching. bbc news. bringing you different stories from across the uk. ., , ., the uk. for english heritage the uk. for english heritage the last quarter _ the uk. for english heritage the last quarter years - the uk. for english heritage the last quarter years have l the last quarter years have been a labour of love in this part of derbyshire. a team of
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specialist workers has been busy. specialist workers has been bus . ~ ., ., specialist workers has been bus .~ ., ., ., specialist workers has been bus. ., ., ., busy. without a roof on it you aet a lot busy. without a roof on it you get a lot more _ busy. without a roof on it you get a lot more deterioration l get a lot more deterioration and of the historic plasterwork. so we're working to keep as much of the original work and repair the stonework and make the site a six double four people to come and find —— make the site accessible for people to come.— make the site accessible for people to come. what really stands out _ people to come. what really stands out when _ people to come. what really stands out when you - people to come. what really stands out when you walk i people to come. what really - stands out when you walk around is the _ stands out when you walk around is the restoration of the decorative walls. they show ornate — decorative walls. they show ornate pictures that date back around — ornate pictures that date back around 400 years. 500 people a day have — around 400 years. 500 people a day have been visiting the building sensibly opened. but like the — building sensibly opened. but like the bridge, the work never really— like the bridge, the work never really stops. the like the bridge, the work never really stone— really stops. the place will continue — really stops. the place will continue to _ really stops. the place will continue to deteriorate. it| really stops. the place will. continue to deteriorate. it is an old building are not getting any younger, like the rest of us, so there is conservation work to be done in the future.
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but if we had not done anything that would have deteriorated much more quickly and we would not be allowed to have the public in. iam dylan i am dylan with the catch up. tonight, investigating theft, air—traffic chaos and the notting hill carnival. first, prosecutors in spain have opened an investigation into the head of the spanish football association after he kissed a player on the lips during the women's world cup celebrations last weekend. prosecutors are looking into whether his behaviour counts of sexual assault. whether his behaviour counts of sexualassault. hermoso whether his behaviour counts of sexual assault. hermoso said the kiss was not consensual. next, have you ever had something stolen? havana has and she said the police did nothing. i and she said the police did nothinu. . . and she said the police did nothin. ., ., , , nothing. i had a passport stolen. nothing. i had a passport stolen- i— nothing. i had a passport stolen. i went _ nothing. i had a passport stolen. i went to - nothing. i had a passport stolen. i went to the - nothing. i had a passport l stolen. i went to the police website to report the theft and
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they said they could not help me with it and i would have to get a new one. it me with it and i would have to get a new one.— get a new one. it happens to many people — get a new one. it happens to many people another- get a new one. it happens to - many people another government says police force needs to do a betterjob of says police force needs to do a better job of following says police force needs to do a betterjob of following up evidence. statistics show that most of the time no—one is charged for a theft defendants and the home secretary so she wants police to use footage from smart doorbells — cams to help so cases. things are getting back to normal in the skies after the uk traffic control system failed earlier. hundreds of flights now face massive delays. the company that runs this says it is working with airlines. would you get on a self driving taxi? they recently began service in san francisco and became divisive. 0ne san francisco and became divisive. one group started disabling because by putting cones on the bonnets. finally, i am going to leave you with ten seconds of colour. the notting hill carnival, the largest street party in europe took place this weekend ringing
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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
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