tv Business Today BBC News March 3, 2025 2:30am-2:46am GMT
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unveil its latest political h 7°?6f’tiié”"”fi fortheworlds agenda for the world's second largest economy. as trump's tariffs come into effect this week, we look at the ripple effects on markets. hello and welcome to business today. i'm steve lai. it's a big week for china. and political blueprint for the year ahead. to navigate us tariffs and spur domestic demand. it would be nice to have optimism when it comes out of opt economic n it comes out of opt economic data omes out of opt economic data omes 0 out: opt economic data omes 0 out of the economic data coming out of china, but i think at this point, we still need to remain point, we still need teremein quite pessimistic point, we still need tdremein quite pessimistic on honestly quite pessimistic an economy. i honestly quite pessimistic on economy. i mean, sure, we
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the economy. i mean, sure, we did get that upbeat data manufacturing data for but i think we at some 77 at some of the are looking at some of the �*that w i mean come the �*export i mean come the �* export orders ban come the �* export orders for come the �* export orders for instance, new export orders for instance, they still below that 777 7 media. 777 7 mung. a7n7d7 7 threshold. a7n7dthat neutral threshold. and that really important subcategory of neutral threshold. and that really importé that bcategory of neutral threshold. and that really importé that is ategory of neutral threshold. and that really importé that is also ory of neutral threshold. and that really importé that is also still if employment, that is also still remaining below 50. so we remaining below 50. so if we are an environment where we are in an environment where we want to be sparing domestic demand, looking what the demand, looking at what the employment landscape is doing really important and is is really important and that is still showing it quite still showing it is still quite a downbeat picture unfortunately. a downbeat picture unfortunatel . . , ., unfortunately. there are small meetin . s unfortunately. there are small meetings being _ unfortunately. there are small meetings being held _ unfortunately. there are small meetings being held later- unfortunately. there are small meetings being held later this| unfortunately. there are small meetii the )eing held later this| unfortunately. there are small meetii the nationald later this| week, the national people's congress leadership meet on the week, the national people's congr march, ership meet on the week, the national people's congr march, ership me policy he and 7 and centre. will 7 and centre. will there 7 77 7 773537 cgiitiéfuuitiiéié b77e front and centre. will there be major changes in that major changesinthat 7—1—7 7—7 major ohanooointhat 7—1—7 7—7 mm 777775; 77 77po7licyma7k7ers 77 be policymakers are likely be what policymakers are targeting for the gdp growth me we are looking up they fats; tees afs tastings up tbs? " ' " maintain that 5% growth will maintain that 5% growth rate for another year. and i to gel: to that. it: is
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think'to get to that. it is reliant on much more heavily reliant on much more fiscal and policy than has already been released. what has already been released. we are expecting that their rhetoric around fiscal policy being more proactive will mean will much su7pport support to their consumers z what they previously have. than what they previously have. china's largest bubble tea has 77 has soared by nearly 30% the 7 7 the open. 7 7 the open. the 7 7 the open. the company in the open. the company is known for its tea, ice cream know; for its test has ersard '*' " ” coffee, comesjust weeks another chinese 7335t7h77e7r7cfii§7e7s77e7757§£i§7 7 77 77 chain currently has tea chain which currently has 45,000 tea chain which currently has 145,000 global stores, more over 16,000 global stores, more than starbucks with 40,000 than starbucks with 438.888 worldwide. trump previously floated the idea of creating a national
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social media post. canada and mexico. i think they're worried rather than the impact of than the actual impact of those tariffs because the first harris have been announced, don't have that they don't have that impact on the significant impact on the itself as as country itself as well as the on the global growth. impact on the global growth. but what they about is but what they worried about is what that insinuates, is there what that insinuates; is there ...a,,,,,,,,, to what that ihaihaatast is there . ~ ~ , to come? what what that ihsihaatast is there . ~ ~ , to come? what about other more to come? what about other markets? so global markets have e-e = -= a hit inthe a hit in the last 77a7hit7i7nthe7l7ast7f7ew777 77 7 e and still not certain days. and still not certain what might come. but i think
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taking a some of the are affected 7 are affected more c“ to affected more (“to some ad more (“to some of more compared to some of the now we're sectors, now we're seeing a little bit of recovery global investors as sort investors confidence as we sort of absorb that hit of of absorb that initial hit of the confidence.— of absorb that initial hit of the confidence. and if we zero in on - of— the confidence. and if we zero in on - of those _ in on one of those sectors, tech, for one. high—end tech chips and to her and china's targeted as well. do been targeted as well. how do see this divergence between you see this divergence between what the us is trying to achieve here?— what the us is trying to achieve here? . , . ., achieve here? the tech sector its particularly _ its particularly interesting. we have seen decoupling this have seen. dscouplihg hetnee" and china in terms of tech because 77 7 77be7cau7seth7ey777 77 7' because they are 7 because they are very 7 sensitive. to sensitive7. to all 7 politically sensitive. to all the that goes the 77 the tech 77 so we through the tech space. so we see that of decoupling. we will or investment infrastructure tment in seoarate infrastructure the group, the china across the group, the china group, as well as the western group. a lot of the tech asset
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77 we swssi 777 the across those two grou 657,777 as a, groups, for example, separated groups, for example, china centric data centre are very win contracts very unlikely to win contracts from the last global us tech company for example. we are more and more of that seeing more and more of that taking place and we don't see slowing down anytime soon. 7 77t7h7ou7g7h77 77 7 though the tariff even though the tariff and other political issues, this —— might other political issuss, this —— might ease, tech separation —— rniahtaaset ~ — ,. ————r separation is this tech separation is going to be multi—year thematic to through. the bbc has found play through. the bbc has found some live videos _ play through. the bbc has found some live videos - young i some live videos where young women selling sexual women are selling sexual content services with tiktok more than 70% cut from sent 7sent to sent to them on the gifts sent to them on the platform. whistle—blowers from 777777777 7compa ny company moderates tghegcompa ny that moderates says tghegcompany that moderates says the platform knows is missing 7 77is7happe7ning77ar71d is
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to 7 7 7 77despite 7 7despite own action; dsspits its own ” stating the selling see. sex. is it is after of ass is laannsdt ft is aftsr ' ' ” ' in nairobi and i am midnight in nairobi and i am tiktok clive. women take tiktok clive. young women take in turns to dance it in turns todancs' * while hundreds provocatively. while hundreds and comment from all watch and comment from all over the world. is money to payment 77777777777777 7 payment on tiktok is made, paymsnt'oh tiktok, is try gifts which be made, paymsnt'oh tiktok, is by gift: into ch be made, paymsnt'oh tiktok, is by gift: into ch come, l ready. i have come, iam ready. but i have come, iam ready. but i have come late night mm? atrfiss mans iaf§7nl7§fit77 7777 7 7" streams mm? atrfiss mans i§f§7fil7§fif77 7777 7 7” streams like mm? atrfiss mans i§f§77fi7l7§fif77 7777 7 777 streams like this where live streams like this where women are and move work and conversations move i have to poor off—line. i have come to a poor neighbourhood in nairobi. in like this, i have been teenagers are being told teenagers are being recruited onto some live iam here i am here to meet a streams. i am here to meet a young girl who says she was groomed and raped men she groomed and rapedtay men she tiktok. she wasjust at the time. are calling 15 at the time. we are calling her h to protect her identity.
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sell myself on tiktok. i sell myself on tiktok. i dance naked i do that because that is a way i can earn money support myself. earn money to support myself. when you are life, some when you are dancing life, some people will you you will take the then said will tats the” off—line. and then conversation off—line. and then you them and with conversation off—line. and then you and hem and with conversation off—line. and then you and then and with conversation off—line. and then you and then i1d with conversation off—line. and then you and then i get with conversation off—line. and then you and then i get some iith conversation off—line. and then you and then i get some money ; -=7 from that. as nudity and sexual acts are more _ from that. as nudity and sexual acts are more likely _ from that. as nudity and sexual acts are more likely . be - acts are more likely to be removed from tiktok�*s content explicitly sexual moderation, explicitly sexual videos are shared on other h the man who platforms. h says the man who recruited her the recruited her onto the a cut of what livestream takes a cut of what she and pressured her to shs earnssi ans! srs==urssi hsrtfi i alts earned and ersssursd fiesta” ' ’ ' '” ’ have sex. i told him i was 15 ears have sex. i told him i was 15 years - he _ have sex. i told him i was 15 years - he - it - have sex. i told him i was 15 years - he - it i 0k,| years old. he said, it is ok, he loves girls and he loves younger girls below 18. and he them below 18. and he gives them work. . . below 18. and he gives them work. ., , ,_ below 18. and he gives them work-i more _ below 18. and he gives them work. - more cases of child , seeing more cases of child sexual to
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sexual exploitation to some as young as livestreaming, some as young as nine years old. it livestreaming, some as young as nine years old-— nine years old. it is both locals and _ nine years old. it is both locals and foreigners - nine years old. it is both i locals and foreigners target these — locals and foreigners target these young girls. these zfi7= in -irls also because young girls also because of they are poverty, they are driven to look — poverty, they are driven to look for _ poverty, they are driven to look for from people who — -7:7 offer them sexual whatever, we it extortion. call it extortion. iik u. honest sellin: call it extortion. iik _ honest selling of guidelines honest selling of sexual services the platform sexual services on the platform and users need to be 18 in order to livestream and receive this month moderates gifts. this month moderates tiktok he is tiktok content. he is with the volume of struggling with'the volume of content on the he has to plstfgrm. he has agreed to to us platform. he has agreed to to us anonymously. the speak to us anonymously. the of speak to us anonymously. the - of videos _ speak to us anonymously. the - of videos on - speak to us anonymously. the - of videos on tiktok i numbersof videos oniiktok. to the number of compared to the number of moderating is incomparable. there a distance. yes, there is a huge distance. and artificial intelligence is perfect. so this job employ77ment of
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requires the employment of a lot of people. what you have is not enough. lot of people. what you have - is not enough.— got is not enough. eolthe of these got is not enough. eolthei - of these so-calledi victims of these so—called pimps h, the digital pimps like h, the psychological are psychological consequences are tiktok is not bad. but peop7le7777777 "t if 7777pe70p7le7w7ho 7 77 7777pe70p7le7w7ho 7owr717tiktok bad. the people who own tiktok bad. i don't like being to a i don't like being close to a smartphone because it reminds smartphone'beceuseit reminds so much. at. smartphone'because'it're . " . somuch. �* ,, me so much. a spokesperson for said a me so much. a spokesperson for - said l a statement - me so much. a spokesperson for - said l a statement that l have tolerance for and they enforce exploitation'and'they enforce safety exploitation'a nd'they enforce safety policies strict safety policies robust live moderation in 7 moderation in 70 rules and moderation in 70 including swahili. the xiaomi15 series — at the mobile world congress in barcelona. the phone was launched last week in china, but is now
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it is the company's latest foray into the high—end samsung and 0ppo. a private spacecraft has the company's first moon landing, the time a landing, the second time a commercial spacecraft has done so. in collaboration with the us agency nasa. the other us space agency nasa. the other rover blue “figs“ filled the bibs??? 77 7 carry resist miles the slustfiaef " ' carry out a reeeh tailed the hlueteaet " ' carry out a two git oh the mains research mission on the main's service —— the blue are ongoing, we have a 0scars are ongoing, we have a life page. i have more life page. lialill have more — at the top of the hour, for now.
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