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tv   Asia Business Report  BBC News  November 30, 2023 3:30am-3:46am GMT

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china's factory activity shrinks for the second month in a row, underscoring china's slow economic recovery. the un climate conference kicks off today but a host of questions remain about what the talks can achieve. hello and welcome to asia business report with me, arunoday mukharji. we begin in china this hour where government data shows factory activity shrinking for the month of november. it is the second month of contraction for the second biggest economy in the world. the country is facing an economic slump as we have been reporting and unemployment has affected consumer spending as well. to understand more let's
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speak to a chinese economist at oxford economics. we are in expansionary territory but still quite, we are looking at perhaps quite a week set of data going to the end of the year.— week set of data going to the end of the year. what does this tell us about _ end of the year. what does this tell us about the _ end of the year. what does this tell us about the broader - tell us about the broader chinese economy? it tell us about the broader chinese economy? it affirms to us we are _ chinese economy? it affirms to us we are family _ chinese economy? it affirms to us we are family on _ chinese economy? it affirms to us we are family on a _ chinese economy? it affirms to | us we are family on a bottoming out process. in this bottoming out process. in this bottoming out as always going to be volatile there will be slight ups and slight downs but chinese policymakers will look at the data from today and think this is the second month of contraction, we definitely need more stimulus and that is why think that would be the direction by which policy will 90, direction by which policy will go, which hopefully will left activity somewhat in the coming
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months. i5 activity somewhat in the coming months. , . ., activity somewhat in the coming months. , . . . months. is that what you are likel to months. is that what you are likely to see _ months. is that what you are likely to see in _ months. is that what you are likely to see in terms - months. is that what you are likely to see in terms of- likely to see in terms of policy—making as we enter 2020 fourin policy—making as we enter 2020 four in terms of stimulus, any more on what you might expect? spending has been volatile the reopening boost has faded away, segments of the industry need further support, you look at the pmi data split into different enterprises the medium and small enterprises other ones still in contractionary territory the larger prices have continued to expand. more targeted measures focusing on the sme sectors and more strategic sectors such as technology and electronics that will be very beneficial.- will be very beneficial. henry kissinger— will be very beneficial. henry kissinger one _ will be very beneficial. henry kissinger one of _ will be very beneficial. henry kissinger one of the - will be very beneficial. henry kissinger one of the leading l kissinger one of the leading american diplomats has died at the age of 100, he was an influentialfigure in international influential figure in international relations community, he served as secretary of state under us presidents nixon and ford and played a key role in shaping american foreign policy,
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including the rebuilding of washington's relations with beijing. the cop28 kicks off today in the united arab emirates. the latest round of climate talks aims to strike a deal in the next steps to tackle rising global temperatures. two years ago countries agreed to cut the amount of coal they burned but a commitment on oil and gas use remains elusive. at the same time a meeting is also due to take those between the biggest oil producers and their allies, collectively known as opec plus of which the host, uae is a member. against that backdrop i have been speaking to david schlossberg, director of the sydney environment institute who remains sceptical about the impact of this year's climate talks. i think there are two clear problems. the first is the capture of the process by the fossil fuel industry and the second is the process itself. the need for the consensus from all countries. that is just the way it works. it means that petro states
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or countries that would captured by the fossil fuel industry can object to language and undermine real and strong changes. 0n the power of the fossil fuel industry, for this meeting we may be disappointed. we have the head of an oil state company setting the agenda and to me, that isjust an illustration of capture. he says it will be good to have the fossil fuel industry at the table but the reality is that they have always been there. some, including some of the ngo community want to be cautiously optimistic and i am just cautious. i would be thrilled to be proven wrong with an agreement that limits fossil fuel development but i am doubtful. i just don't think cop28 will address the power of the fossil fuel industry or address the injustice of the impact. this is the other political background, the ongoing human and ecological damage from extraction, the health impacts, the vast inequity of the impact of climate change on the most vulnerable and ijust do not think we will see much
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in the way of discussion there. lastly the other political issue or political theatre that we often see here and i think we will see this again is the contradiction, call it contradiction, or hypocrisy of nations like the us and australia who will do everything they can to highlight their internal electrification and renewal able energy transitions and investment that they have but at the same time they hide or not talk about all the new fossil fuel projects they develop. the us pumps more oil than ever, australia exports more coal than ever and that needs to be addressed. one of the most visible impacts of climate change is more frequent and severe natural disasters. one of the worst ones to hit australia happened four years ago in what was called the black summer bushfires. in one fire hit region, the community is recovering from blazes of 2019 —
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2020 but is also preparing for dangerous conditions in the years to come. phil mercer reports from bilpin in new south wales. the size of the united kingdom was destroyed in the fires. in bilpin, north—west of sydney, much of simon's orchard was ruined. i never seen anything like it. they were horrific. he has rebuilt and replanted but believes the fires will return. we have been here a0 years and had four or five different major fire events. and it will happen again. regardless of what people say what happened, we will get majorfires here. an enquiry found that climate change had made the blazes of 2019—20 more extreme. modern australia had never seen such ferocity. this really scared me. it gave australia a huge wake—up call on just how susceptible we are and how dangerous things can be.
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the memories of the fires are still fresh in this part of the blue mountains. people remember the fear and the panic they felt during that terrible time. here in bilpin there is an unmistakable sense of renewal and determination to rebuild. the flames that tore through bilpin came from a strategic back burn that went badly wrong. it was lit deliberately by emergency crews to try and stop the advance of another major outbreak. these bucket holiday cabins and his fireproof home were involved but survived. we put in new water systems and massive water storage with big heavy mains lines that can turn sprinklers on everything. they work. if you have the water you can save yourself from the fire. climate change means
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it happens more often. it used to happen every 10—20 years, now it is may be more likely to be every six or seven years. for years, conservationists have said that warming temperatures were making australia more vulnerable to natural disasters. black summer was a landmark in australian's understanding that climate change is notjust a future problem, it is here and now and harming our communities. australia plans to reach net zero emissions by 2050. in fire prone communities there is a determination to be better prepared for the next onslaught, whenever it may come. phil mercer, bbc news in bilpin new south wales. an immediate emissions contributor is transport and an obvious answer that has come up as electric cars but to hit net zero x 2030 sales will have two search from the current 13% to
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70% of all vehicle sales, a significant hurdle to that is the lack of charging infrastructure and countries. china is ahead of that curve with heavy subsidies in the eb market which critics say gives local companies an unfair advantage globally. the president of one of china's top eb makers says that is not true. , ., . ., true. first of all i would say that government _ true. first of all i would say that government incentives j true. first of all i would say i that government incentives for the eb industry is universal, i think europe there is a lot of government supports for electric vehicle products in europe, same as the us and some of those supports are specifically only available to local players which also makes it difficult for us to compete globally. at the same time in china, what we saw was the government subsidy at the consumer level has already disappeared, that actually
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means now every product sold in china is competing on its own product strength, without government subsidies or incentives at all. so i think thatis incentives at all. so i think that is one of the reasons why chinese products have to be super competitive because you are now faced with actual market competing solely on the product, the technology and the cost and efficiency. so that's why i think gave us the confidence that our products could be very competitive globally as well. elon musk he has taken aim at advertisers who threatened to leave his social media platform formerly known as twitter. he is known forfrequent and irreverent comments and has accused advertisers of trying to blackmail him. the boss of tesla in recent weeks has promoted what the white house has called anti—semitic and racist hate on x, an act for which mr musk has apologised but that has led
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to companies like disney and apple suspending their ad campaigns. that is all for the moment but stay with us on bbc news. voice-over: bbc news, - bringing you different stories from across the uk. locals say they live here for the countryside, the wildlife and the peace, but that could change as a new prison is set to be built here. kevin bowden has lived in gartree for over 20 years. concern is when i get up in the mornings and open my curtains, i'm not going to see the fields behind me with the sheep and the wildlife, i'm just going to see a wall of prison. plans were first submitted by the ministry ofjustice for a new prison adjacent to the current prison over two years ago. it was refused permission by harborough district council. however, that refusal has now been overturned on appeal by communities secretary michael gove. i'm astounded at this decision. i think it's completely the wrong decision, and as one member of the public described it to me this morning,
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they see it as a slap in the face for democracy. it's always been the wrong place. these are country lanes, a country area where they're trying to facilitate this. a spokesman for the mo] said that "the decision at gartree "is critical to delivering the 20,000 extra places we need "to keep dangerous offenders off the streets, and it'll "boost the local economy by creating hundreds "of newjobs." protesters here say they'll fight on. they're calling for a judicial review. for more stories from across the uk, head to the bbc news website. hello there. i am ellis with the catch up. tonight, beyonce and a skin lightening debate, albums turning a0 and a volcano erupts. gymnastic coaches are no longer able to weigh gymnasts under the age of ten because of new rules designed to stop harmful practices which british gymnastics say are on the fringes of abuse.
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those aged between ten and 18 can only be weighed with consent and also there are new rules about kids missing school for gymnastics training. something which eloise jotischky, the only gymnast to bring a civil case against gymnastics uk, has been highlighting on radio 5 live. those years are crucial, there are a lot of gymnasts training between, being taken out of school from the ages of 12—16 who are not going to make it to european championship or world championship level. other stories now. beyonce's mother has called out fans who suggested the singer lightened her skin for the premiere of her renaissance film. tina knowles defended her daughter and said the comments were racist in a long instagram post. the world's best compilation album — like a mix tape of popular songs — now that's what i call music, is celebrating its 40th birthday. in the days before playlist and streaming services it gave fans instant access to the
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biggest hits in one place. ask your mum and dad. time to leave you now with ten seconds of an explosive eruption, because this volcano injapan is spewing loads of ash and sent rocks into the sea, and to a height of 200 metres. you are all caught up. bye for now. hello. i'm 0lly foster. this is what's coming up for you on sportsday. manchester united throw it away in istanbul — reaching the last 16 in the champions league is out of their hands. taking a breakfrom england —
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0wen farrell says he has to prioritise his and his family's mental well—being. and british gymnastics introduces new safeguarding rules to protect young athletes. hello there. welcome along. qualification for the knockout stage of the champions league is now out of the hands of manchester united, after they were held to a gripping 3—3 draw by galatasaray. united now have to beat bayern munich at old trafford in theirfinal group game, and hope that the turkish side draw their game against copenhagen on the same night. it was an incredible game in istanbul. united led 2—0, and 3—1, but their goalkeeper andre 0nana should have done much better with both hakim ziyech�*s goals that came from free kicks.

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