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tv   Asia Business Report  BBC News  September 5, 2023 1:30am-1:46am BST

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summit that is expected to see progress on green infrastructure, food security and the digital economy. the ten members of asean have found it harder to agree on other issues, including territorial disputes and how to work with us and china. for a closer look at what we can reasonably expect from the summit, i spoke to someone who specialises in research and governance and financial innovation. basically, their main theme of, if you like, this year's summit, is really, sustainable economic growth. and that is the main issue. however, there are other issues that they need to deal with and some of them are difficult ones like issues in myanmar, and also integrating timor—leste as part of the asean group. at the same time, they're dealing with some of the issues with regard to the indo—pacific, which includes also the conflicts, if you like, and tensions in the
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south china sea.— you like, and tensions in the south china sea. because of the existin: south china sea. because of the existing complex _ south china sea. because of the existing complex dynamics - south china sea. because of the existing complex dynamics that| existing complex dynamics that we are talking about, how difficult does it make for these countries when they have to, in a way, walk the tight rope and really pick sides between the us and china when they're trying to move ahead and forge a relationship? that's a very delicate issue. i mean, the asean group is trying to really remain neutral as much as they can, and they also need, in a sense, both g2 — we call them — the us and china — to assist them in many ways, including in trade, economic activities, foreign direct investment. so they're trying to basically pick up the best of these two in terms of trade, foreign direct investment, but they're mindful of regional as well as global geopolitics which are influencing the way in which the asean group has to relate to g2, if you like. and
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i think that that will remain an ongoing challenge for the asean leaders. to an ongoing challenge for the asean leaders.— an ongoing challenge for the asean leaders. to south korea now where _ asean leaders. to south korea now where the _ asean leaders. to south korea now where the latest _ asean leaders. to south korea now where the latest figures i now where the latest figures released a short while ago showed its economy expanned in the second quarter. gross domestic product expanded by 6% in the april tojune period, marking a second consecutive quarter of growth. however, as our next guest says, cline's slowdown is still weighing on south korea's post pandemic recovery. south korea's post pandemic recovery-— recovery. well, if you look at exorts recovery. well, if you look at exports that's _ recovery. well, if you look at exports that's contracted, i recovery. well, if you look at l exports that's contracted, and the fact that china accounts for 20% of korean exports, that's suddenly imposing a drag on the overall export sector. the can yous data year—to—date — total korean export revenues are growing about i2%. but if we isolate exports to china, that's fallen by 25%. so that's a key driver of the export sector within this.- a key driver of the export sector within this. and in the months ahead, _ sector within this. and in the months ahead, what - sector within this. and in the months ahead, what are - sector within this. and in the i months ahead, what are some sector within this. and in the - months ahead, what are some of the other key sets of data that you will be looking out for?
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we'll be watching the high frequency data, and so far, what we have seen so far still suggests that activity in korea has been sluggish. retail sales fell injuly export data for july and august. the pace of decline has at least slowed. so in order for us to see a more meaningful recovery in korea's exports, we need to see a turnaround in the sector. so far, we're starting to see some signs of stabilisation, but the problem is inventories are still very high, so that's keeping prices low, and also constraining production. so until we see a more robust sector, that's the key to korea's export recovery becoming stronger. now to the other developing _ becoming stronger. now to the other developing story - becoming stronger. now to the other developing story that - becoming stronger. now to the other developing story that is l other developing story that is likely to make headlines in the days ahead from india. the countdown to the g20 leader's summit this weekend has begun with news that chinese leader
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xijinping has decided to skip the event in new delhi. russian president vladimir putin will also not be attending. from mumbai, our india business correspondent now has more on what this means for india's big moment on the global stage. well, instead of president xi, it's premier li keqiang who will lead china's delegation to the 620. will lead china's delegation to the g20. russia, meanwhile, will be represented by foreign minister sergei lavrov. xi's decision to skip the summit comes amid worsening relations between china and india, including a border stand—off and a new map release last week by the chinese that claims part of india as its territory. some analysts view this also as a snub to india as it tries to position itself as a leader of the global south. other experts say this is yet another attempt by beijing to stay away from western dominated forums. speaking to reporters, us presidentjoe biden said earlier he was disappointed china's president was not
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attending the summit. india, meanwhile, has downplayed the decision with government sources telling local media it won't affect the event. the absence of xi and putin is unlikely to make consensus building on tricky matters any easier, though. russia has said it will block the final declaration of this month's g20 summit unless it reflects moscow's position on ukraine. and any significant breakthroughs on issues like climate change and debt relief without the top leaders of these two major economies might also become difficult to achieve. in also become difficult to achieve-— achieve. in more news, scientists _ achieve. in more news, scientists say _ achieve. in more news, scientists say invasive i achieve. in more news, - scientists say invasive species are responsible for the majority of plant and animal extinctions and cost the world more than $400 million a year. the un convention on said that they destroy forests and crops and cause pollution. the most damaging include the water hyacinth which blocks waterways and destroys fish habitats. the
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un study says human activity is making the effects worse and recommends tougher border controls. if you're 30, if you're over 30, chances are that you might be interested in personal finance. but i doubt you would describe it as "cool". videos about money, though, have been something of an unexpected hit on platforms like youtube and tiktok, with financial influencers, orfinfluencers attracting huge numbers of viewers. but with no real regulation or controls on who can give what advice online, is it safe to trust them? david harper has been fining out. my name is harper has been fining out. iji name is adriani harper has been fining out. m name is adriani lee, harper has been fining out. m1: name is adriani lee, i'm 22 years old and this is financial audit. iii years old and this is financial audit. , i, i, , audit. if you ori need help straightening _ audit. if you ori need help straightening out - audit. if you ori need help straightening out our- audit. if you or i need help i straightening out our person finance, you'd probably turn to a book like this, and it is absolutely not something that you would consider entertaining. but there is a group of people on youtube and tiktok who turned this into a whole new art form. if you thought that online influencers
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were about jokes thought that online influencers were aboutjokes and make—up tips, you're about to get a surprise. tips, you're about to get a surprise-— tips, you're about to get a surrise. , , , i, surprise. investment is you make more _ surprise. investment is you make more money- surprise. investment is you make more money off - surprise. investment is you make more money off of i surprise. investment is you | make more money off of it. right now, you're lows interest. you're paying off a credit card.— interest. you're paying off a credit card. i, i,, , , credit card. how was i supposed to know i wouldn't _ credit card. how was i supposed to know i wouldn't make - credit card. how was i supposed to know i wouldn't make more i to know i wouldn't make more money— to know i wouldn't make more money off— to know i wouldn't make more money off of it. oh to know i wouldn't make more money off of it.— money off of it. oh my goodness. _ money off of it. oh my goodness. the - money off of it. oh my goodness. the main i money off of it. oh my i goodness. the main thing to money off of it. oh my - goodness. the main thing to do a deep dive _ goodness. the main thing to do a deep dive and _ goodness. the main thing to do a deep dive and go _ goodness. the main thing to do a deep dive and go into - goodness. the main thing to do a deep dive and go into their i a deep dive and go into their overall— a deep dive and go into their overall finances— a deep dive and go into their overall finances and - a deep dive and go into their overall finances and improve and — overall finances and improve and get _ overall finances and improve and get out _ overall finances and improve and get out of— overall finances and improve and get out of the _ overall finances and improve and get out of the mess- overall finances and improve and get out of the mess that overall finances and improve . and get out of the mess that is they've — and get out of the mess that is they've gotten _ and get out of the mess that is they've gotten in _ and get out of the mess that is they've gotten in and - and get out of the mess that is they've gotten in and put - and get out of the mess that is they've gotten in and put an i they've gotten in and put an example _ they've gotten in and put an example out _ they've gotten in and put an example out there. - they've gotten in and put an example out there.- they've gotten in and put an example out there. what is it about this — example out there. what is it about this process _ example out there. what is it about this process that i example out there. what is it about this process that you i about this process that you think people find so interesting? this has been successful. you're one of many people doing this. what do you think that the secret of success it? i think that the secret of success it?— think that the secret of success it? ~ i i, , success it? i think it comes from a number— success it? i think it comes from a number of - success it? i think it comes from a number of places. i success it? i think it comes i from a number of places. the entertainment— from a number of places. the entertainment side _ from a number of places. the entertainment side and - from a number of places. the entertainment side and a i from a number of places. the entertainment side and a loti from a number of places. the i entertainment side and a lot of people — entertainment side and a lot of pebble in— entertainment side and a lot of people in situations _ entertainment side and a lot of people in situations like - entertainment side and a lot of people in situations like mine i people in situations like mine want — people in situations like mine want to— people in situations like mine want to figure _ people in situations like mine want to figure out _ people in situations like mine want to figure out ways - people in situations like mine want to figure out ways to i want to figure out ways to improve _ want to figure out ways to improve and _ want to figure out ways to improve and get- want to figure out ways to improve and get out- want to figure out ways to improve and get out of. improve and get out of financial— improve and get out of financial situations i improve and get out ofj financial situations and improve and get out of- financial situations and kind of like — financial situations and kind of like the _ financial situations and kind of like the overall— financial situations and kind of like the overall reality i financial situations and kind of like the overall reality tv that — of like the overall reality tv that western _ of like the overall reality tv that western culture - of like the overall reality tv that western culture loves, | of like the overall reality tv i that western culture loves, but from _ that western culture loves, but from the — that western culture loves, but from the financial— that western culture loves, but from the financial side. - that western culture loves, but from the financial side. hey i from the financial side. hey cu s, from the financial side. hey guys, welcome _ from the financial side. hey guys, welcome back! i from the financial side. hey
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guys, welcome back! and i from the financial side. hey i guys, welcome back! and it's not 'ust guys, welcome back! and it's not just about _ guys, welcome back! and it's notjust about saving - guys, welcome back! and it's notjust about saving money. j not just about saving money. there are plenty of money offering to help with investment, too, like sh sharon from india who works to the i% from india who works to the 1% club. ~ i, i, from india who works to the 1% club. i i, i, , i, , i, club. we are a start-up who hels club. we are a start-up who helps peeple _ club. we are a start-up who helps people receive - club. we are a start-up who. helps people receive financial independence by helping with investing and we also enable them to implement all of the financial planning tactics through tools that we custom create. i, i, , i, create. how do you view the videos that _ create. how do you view the videos that you _ create. how do you view the videos that you create? i create. how do you view the videos that you create? are | videos that you create? are theyjust videos that you create? are they just a videos that you create? are theyjust a recruitment videos that you create? are they just a recruitment tool for the rest of the business? or do you just see them as content in their own right? for a erson content in their own right? for a person like _ content in their own right? for a person like me _ content in their own right? fr?" a person like me who doesn't have the licence and registrations. i need to prove myself to my countrymen that i can talk about it, i know my stuff. so creating a content creates a way for me to improve my credality after you watch my content and you realise how important financial planning is and you want to take that next step. i provide that next step. having not watched the whole thing through... i've looked at
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the videos in detail, but if i'm being honest, i'm not really part of that target audience. luckily, the bbc has someone who deals specifically with finance for younger people. with finance for younger --eole. , i, , people. the rise of these apps, tiktok, instagram, _ people. the rise of these apps, tiktok, instagram, youtube i people. the rise of these apps, tiktok, instagram, youtube -| tiktok, instagram, youtube — it's suddenly creating content for an audience where you've got high production, you've got graphics, you've got motivational music — whether it is fitness, fashion. there's loads of different things. and i guess personalfinance is just one of those things. it's just one of those things. it's just naturally attracting an audience, because you know, who doesn't want to have a few extra quid in their pocket. irate extra quid in their pocket. we need a bit _ extra quid in their pocket. we need a bit of _ extra quid in their pocket. we need a bit of a note of caution, because these people are doing it with the best of their intentions but not necessarily qualified. you should be careful where you get the violence.— the violence. finfluencers aren't regulated - the violence. finfluencers aren't regulated by i the violence. finfluencers i aren't regulated by anybody. anybody, myself, you, we could get a camera and speak into the camera about how we saved x amount of money doing this. about how we bought our first home by budgeting in this way, or the sort of investments that we invested in. you really need
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to be diligent when watching these videos.— to be diligent when watching these videos. i, i i, i, these videos. you can find more on that story — these videos. you can find more on that story and _ these videos. you can find more on that story and all _ these videos. you can find more on that story and all of - these videos. you can find more on that story and all of the i on that story and all of the other stories on the website. that's it on this edition of asia business report. thank you very much for watching. bbc news, bringing you different stories from across the uk. the aim of this app is to save lives. , , i, i, i, lives. this is information about what _ lives. this is information about what it _ lives. this is information about what it is, - lives. this is information about what it is, how i lives. this is information about what it is, how to | lives. this is information i about what it is, how to use it and it has a handy little map that shows locations. and available to suppliers in somerset. it available to suppliers in somerset.— available to suppliers in somerset. , i, somerset. it comes as either an in'ection somerset. it comes as either an injection or _ somerset. it comes as either an injection or a — somerset. it comes as either an injection or a nose _ somerset. it comes as either an injection or a nose spray. i injection or a nose spray. pretend this is a reception in your brain. when an opiod is injected into the body, the molecules attach on top of the reception. when naloxone is
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taken, it knocks the opioids off which can reverse the effect of an overdose. it can work in two or three minutes. to get it to someone who needs it quickly, more people need to start carrying it around with them just in case.— start carrying it around with them just in case. them 'ust in case. there's a bi them just in case. there's a big uptake _ them just in case. there's a big uptake in _ them just in case. there's a big uptake in people - them just in case. there's a big uptake in people taking| them just in case. there's a i big uptake in people taking it but lower on people carrying it. a, but lower on people carrying it. ~ i, i, but lower on people carrying it. i, i': i': ~ i, but lower on people carrying it, i, i': i': ~ i, i, it. more than 400avon and olice it. more than 400avon and police officer _ it. more than 400avon and police officer somerset i it. more than 400avon and i police officer somerset police officers have been shown how to use it. this app is encouraging others to do the same, especially those who might come into contact with drug users such as family members, friends or those who work in busy places. so more people have access to this life—saving medicine. for more stories from across the uk, head to the bbc news website. tonight the catch—up and a
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mozart masterpiece with dogs. we start with the crumbly concrete in schools and colleges. some students are being taught in marquees orfrom home because of raac — a cheaper, weaker type of concrete, used in more than a hundred schools. but there are fears some of it could collapse. the prime minister's denied he's to blame for taking money away from a rebuilding plan. and here's what the minister in charge of education was caught saying, after an interview earlier. does anyone ever say, you have done a bleep good job because everyone else has sat on their bleep and done nothing? no signs of that, no? gillian keegan has since apologised and says a list of affected schools will be out this week. labour's called the whole thing a "farce". some other stories now. northern ireland's top police officer has resigned. simon byrne's been under pressure after some recent controversies, including a leak of thousands of officers' personal data. next, a new weight loss drug can be prescribed on the nhs from today. it's called wegovy and makes you feel full so you eat less but supplies are still limited.
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and if you've been to a festival during the summer, this is probably your worst nightmare. non—stop rain turned burning man in nevada into a mud bath. but thousands of people stuck there for days can finally now leave. time to leave you with 10 seconds of a musical masterpiece. yes, this is the danish chamber orchestra starring three dogs. cookie, sophus and sica are basically the beyonces of the dog world. you're all caught up, have a good night! hello and welcome to sportsday — i'm sarah mulkerrins. coming up on the program: carlos keeps his cool in new york — as alcaraz eases in the quarterfinals
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of the us open a swedish surprise for europe's ryder cup team — captain luke donald picks new pro ludvig aberg as one of his six wildcards. and let the countdown commence: just four days to go until the rugby world cup starts. we'll be looking ahead to a highly anticipated tournament. welcome to the programme. we start at flushing meadows in new york — where the world number one and defending champion carlos alcaraz has eased through to the quarter finals of the us open. he was up against italy's matteo arnaldi in the fourth round — a player ranked 60 places below him — and it showed. alcaraz winning in straight
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sets injust under two hours. i played the solid and fewer mistakes and i played my game. so i am very happy knowing the performance. in general. world number eight andrey rublev is also through — beating the last remaining british singles player in the draw, jack draper, in four sets. in the women's draw, there was a scare for wimbledon champion marketa vondrousova — she needed to come from a set down to beat 21—year—old american peyton stearns to reach the quarter finals. meanwhile the woman vondrousova beat in that wimbledon final is out. ons jabeur losing to the 23rd seed qinwen zheng in straight sets. it's the furthest zheng has ever gone in a grand slam. and jessica pegula left the court in tears — after she was beaten in straight sets by fellow american madison keys. pegula had been one
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of the favourites to win the tournament.

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