stephen mcdonell there. the business of virtual reality in china.the markets and currently all are in negative territory amid reports that the united states says it is ready to hit china with additional duties on 200 billion us dollars worth of imports. thank you so much more investing your time with us. i'm rico hizon. sport today is coming up next. —— thank you so much for investing. this is bbc news the top stories this hour: rescue workers and volunteers are celebrating the end of a daring mission to free 12 boys and their football coach. they'd been trapped in flooded underground tunnels, before being found by british divers last week. donald trump has arrived in brussels for a nato summit. ahead of his visit, the us president hit out at his nato allies forfailing to spend enough on defence, claims that were quickly refuted by eu leaders. lord carrington, the former foreign secretary, has died at the age of 99. he was the last surviving member of the post—war government of sir winston churchill. lord carrington served as a tank commander in the

stephen mcdonell there. iam sure i am sure it will.er business stories. airbus has scored a key victory against its arch rival boeing. us airlinejetblue is buying 60 of its a220—300 narrowbodyjets, at a catalogue price of $5.37 billion. the a220 is the new name for the bombardier c—series. airbus has taken majority control of the loss—making montreal—based aircraft program, with bombardier and quebec as minority partners. a federaljudge in the united states has cleared the way for hundreds of lawsuits against the giant agrichemical manufacturer, monsanto. the cases centre on claims that a weed—killer called roundup — that's made by the firm — is linked to cancer. monsanto insists that numerous scientific studies have failed to establish a link. up next, newsbriefing. first, lord carrington, the former foreign secretary, has died at the age of 99. he was the last surviving member of the postwar government of sir winston churchill. lord carrington served as a tank commander in the second world war and his long ministerial career ended wh

china correspondent stephen mcdonell reports from beijing.sy which would thrill audiences, but asura tanked at the box office. costing over $110 million, it brought in only $7 million on the first weekend. just two days after opening night, it was pulled from cinemas. six years to make, with a star—studded cast, the potential beginning of a franchise, but is asura now on the radar of film—goers? chinese phone app ticket sales offer a chance to review a film afterwards. asura's audience ratings were so bad there has been a suggestion of industrial sabotage, involving rival companies flooding sites with negative comments. yet there could also be a much more simple reason for poor sales. reviewers say some of the special effects budget could have perhaps gone into the script. moviegoing is serious business here, and filmmakers are going to quite some lengths to try and tap into this massive chinese market. but directors are now finding out the hard way that you can'tjust take chinese audiences for granted. sure, they want their glitzy blockbuste

here's stephen mcdonell in beijing china is in the midst of yet another scandal over medicine qualityll of vaccines. a major drug company has been ordered to halt production on certain lines after it was caught falsifying records and the government is struggling to reassure parents that their children are safe. translation: it hasn't been that long since the last incident like this. they clearly don't work. translation: we have been let down again and again, from milk powder, to food safety, to this vaccine scandal, it is all unsafe. translation: if this hadn't been in the press, we would never have found out how poor the inspections are. changsheng biotechnology was first ordered to stop making a rabies vaccine. the state drug administration then said the 250,000 doses of a diphtheria, whooping cough and tetanus vaccine that it had sold were also substandard. the drug administration is preparing a criminal prosecution. translation: we discovered that the company forged production and inspection records. these actions are a serious violation of the law. the big chinese press is report

stephen mcdonell is there for us. what is the reaction from china so far?se commerce ministry in beijing has said that these new measures that the us is threatening will hurt china the world and the us itself. china has threatened its own necessary countermeasures and said that this will include fresh legal action at the world trade 0rganisation. we are yet to see a new list from china about what good is it might consider, assuming that there are countermeasures with chinese tariffs on them, but there are other things that might do it. it might step up inspections of us goods coming into china or it might dragged its heels on approving certain types of investments to the us, and another possibility is the broad consumer boycott approach with chinese consumers boycotting us goods. all of these options are on the table and we are waiting to hear some more specific announcements from the chinese government. how worried are the chinese and chinese media about the proposed tariffs not only on the economy but also relations between the two countries? i think ther

with us now is stephen mcdonell in beijing.stings there is so much expectation and this did not start well. yes, in the initial hours at least some would say it was a disappointing performance from xiaomi on the hong kong stock exchange, dropping from 17 hong kong dollars down to 16 but as we have mentioned, it rallied back to almost where it started so i am not sure if it is just first—dayjitters or represent a decent concern about the valuation of the company. xiaomi, apart from making smartphones, is the company that does other things and there is some concern from a nalysts and there is some concern from analysts that the sell—off could be because not all investors actually understand what the company does for of it makes air purifiers, something like an apple tv box to deliver tv stations and things like that through the internet to your television. the big reason they're watching closely is because there will be a big influx of these types of ipos in hong kong and other tech companies are watching closely to see how xiaom

here's stephen mcdonell with more. china is any midst of yet another scandal over medicine quality.tion on certain lines. this is after it was caught falsifying records. the government is struggling to reassure pa rents government is struggling to reassure parents that their children are safe. translation: it has not been that long since the last incident like this, inspection regime is clearly are not working. we have been let down again and again, from milk powder to food safety to this vaccine sandal. it is all unsafe. if this had not been in the press, we would never have found out how poor the inspections are. the biotechnology company was fast order to stop making the rabies vaccine. it then said several batches that it outsold the dog were substandard. a criminal prosecution is being prepared. translation: we discovered that the company forced inspection records, these actions are serious violation of the law. -- drug. the chinese president reporting on the vaccine quality meltdown. articles on social media are saying that officials are too soft on the drug companies and they